Latest Airlines news – Page 48
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NewsAvianca profits slip in third quarter amid rapid expansion
Colombian carrier Avianca’s operating profit slipped slightly to $197 million for the three months to 30 September 2024, a quarter during which it increased passenger levels 14.5% over the same period a year ago.
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NewsSIA Group has ‘levers we can pull’ to manage delivery delays: CEO
Singapore Airlines Group has contingency plans in place in light of aircraft delivery delays, such as with Boeing’s 777X programme, says chief executive Goh Choon Phong.
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NewsYield and competition pressure hits SIA Group profits in first half
Singapore Airlines Group reported a significant drop in its half-year profit – from the previous year’s record high – as it flags a “moderation” in passenger yields from “strong” competition.
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NewsIAG upbeat on rest of year after lifting third-quarter profit
IAG expects its strong financial performance to continue in the last quarter of the year after lifting operating profit 15% in the third quarter to over €2 billion ($2.15 billion).
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NewsJet Airways revival hopes gone after court orders liquidation
India’s Supreme Court has ordered the liquidation of the beleaguered Jet Airways, officially ending any hopes of a revival more than five years after the airline went bankrupt.
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NewsNew Tus Airways investor has option to acquire whole airline
Cypriot carrier Tus Airways’ newest investor will have an option to acquire the entire outstanding capital of the airline from its other shareholders. The investor – a company owned by entrepreneurs Ami Cohen and Arnon Englander – completed a transaction giving it a 75% stake in Tus on 6 November. ...
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NewsDutch challenges evident as Air France-KLM profits fall
Air France-KLM saw its third-quarter earnings impacted by a higher-than-expected cost increase at its Dutch operation, as it gave further details on the “firm measures” it is taking to tackle what it describes as a “structural” challenge
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NewsEl Al stays with Trent 1000 for additional 787s: Rolls-Royce
Israeli flag-carrier El Al appears to be sticking with Rolls-Royce engines for its latest Boeing 787s, as the manufacturer progresses with work on blade improvements. El Al already has 16 Trent 1000-equipped 787s, and is due to take delivery of another Trent-powered 787-9 originally intended for another customer. Rolls-Royce states, ...
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NewsWizz Air foresees return to growth as uncertainty lifts on engine-related aircraft grounding
Central European budget carrier Wizz Air expects to return to growth next year, given its Airbus delivery schedule and better visibility on Pratt & Whitney engine issues. Wizz expects the average number of grounded aircraft over the next 18 month to be around 40-45, an improvement on the previous assumption ...
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NewsTravel demand pushes Emirates to record half-year pre-tax profit
Middle Eastern carrier Emirates is citing strong travel demand as it turns in a 2% rise in half-year pre-tax profit to a record Dhs9.7 billion ($2.6 billion). Emirates posted a net profit of Dhs8.7 billion, after it generated a 5% increase in revenues to Dhs62.2 billion for the six months ...
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NewsWizz Air loses legal challenge over pandemic-related aid to Tarom
Central European budget airline Wizz Air has lost a legal challenge over a capital injection for Romanian flag-carrier Tarom. The European Union’s General Court has ruled that the financial package, nearly €2 million ($2.1 million), is compatible with state aid regulations. Tarom was granted the support as compensation for damage ...
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NewsKorean Air sees 19% profit jump amid cargo, passenger revenue boost
Korean Air significantly bettered its quarterly profit after “successful” passenger capacity expansion, with its cargo operations again providing a significant boost to its earnings.
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NewsTurkish keeps AJet capacity flat amid punctuality drive and aircraft shortage
Turkish Airlines will keep growth in check at newly spun-out low-cost unit AJet amid ongoing aircraft availability challenges, after cutting capacity by 5% in the third quarter to help improve the carrer’s on-time performance.
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NewsFraport calls on German politicians to lower fees in Frankfurt as passenger numbers stall
Airport operator Fraport says costs at its flagship airport in Frankfurt are hindering growth and preventing the facility from returning to its pre-Covid-19 passenger figures.
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NewsEthiopian Airlines receives first of four A350-1000s
Ethiopian Airlines has taken delivery of its first Airbus A350-1000, the initial example of the largest family member on the African continent. The airline is to receive three more -1000s along with another 11 A350-900s. Ethiopian, which has 21 A350s in its fleet, converted four previous -900 orders to the ...
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NewsTurkish Airlines’ profit slips in third quarter despite cargo strength
Turkish Airlines’ profits slipped amid higher costs in the third quarter, a period in which strong cargo performance helped offset flat passenger revenue.
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NewsRyanair still expects first Max 10s in first half of 2027
While Ryanair has factored in continued delays to its incoming Boeing 737 Max 8-200s, the European low-cost carrier still believes the airframer is will be able to certify the Max 10 version in time to meet deliveries in the first half of 2027.
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NewsRyanair lowers 2026 passenger target on Boeing delivery delays
Ryanair has lowered its 2026 financial year passenger target by 5 million, to 210 million, amid continued Boeing 737 Max delivery delays, after today disclosing a 6% fall in second-quarter net profit to €1.43 billion ($1.55 billion).
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NewsSIA to upgrade business class across long-haul A350 fleet
Singapore Airlines has announced a major cabin retrofit programme for 41 Airbus A350-900s centred on a new business class seat.
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NewsChina Eastern takes delivery of first A321neos
China Eastern Airlines has taken delivery of its first pair of Airbus A321neos.