Latest Airlines news – Page 60
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NewsSIA sees Q1 profit shrink on lower yields, higher fuel costs
Singapore Airlines Group reported a drop in its first-quarter operating profit – its first decline recorded post-pandemic – as it was impacted by falling yields and a rise in fuel costs.
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NewsSpohr still optimistic of completing ITA deal in fourth quarter
Lufthansa Group chief executive Carsten Spohr is still targeting completing its deal to acquire a stake in Italian carrier ITA Airways before year-end.
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NewsLufthansa challenges weigh down wider group as profits fall 37% in second quarter
Lufthansa Group adjusted earnings before interest and taxes (EBIT) fell 37% in the second quarter to €686 million ($742 million) despite revenues passing €10 billion for the first time, as challenges at its German operations in particular took a toll.
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NewsJetBlue defers delivery of 44 A321neos
JetBlue Airways has delayed to 2030 and beyond deliveries from Airbus of 44 new A321neos, meaning the airline does not anticipate receiving any of the type from Airbus between 2026 and 2029.
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NewsRex enters administration as it grounds 737 operations
Struggling Australian carrier Regional Express (Rex) has entered administration and confirmed the grounding of its Boeing 737 operations.
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NewsRoyal Jordanian expects second half to reflect continuing conflict impact
Royal Jordanian Airlines is concerned that regional conflict will continue to suppress tourism to its local area and negatively affect the carrier’s third-quarter and second-half figures. It has turned in a first-half loss of JD27 million ($38 million), deeper than the JD17 million recorded at the same point last year. ...
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NewsRex suspends bookings on big domestic routes as Australian PM weighs in
Australian carrier Regional Express (Rex Airlines) has stopped taking bookings for flights on domestic routes between major cities.
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NewsNorse Atlantic eases liquidity pressure with revised credit-card payment terms
Long-haul low-cost operator Norse Atlantic Airways has eased some of its financial pressure through an agreement which releases cash from credit-card payment providers. The airline had disclosed earlier this month that it was encountering near-term cash and liquidity issues after a weaker-than-expected second quarter. While summer bookings have been “satisfactory”, ...
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NewsAir NZ drops 2030 climate targets, raising questions about Dash 8-300 replacement
Air New Zealand has axed its interim climate targets, stating that measures needed to meet the target were unaffordable and not readily available.
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NewsCondor restructuring funding undergoes further scrutiny after court annulment
German carrier Condor is facing a renewed investigation into financial support granted by the country’s government, approval for which was recently annulled by the European General Court. The in-depth investigation will probe whether a €321 million ($347 million) restructuring package – approved in July 2021 – is compatible with state-aid ...
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NewsCroatia Airlines takes delivery of first A220
Croatia Airlines has taken delivery of its first Airbus A220-300, one of six being acquired from US lessor Air Lease. The twinjet, powered by Pratt & Whitney PW1500G engines, is part of a fleet modernisation which will involved the carrier’s taking up to 15 A220s. Croatia Airlines chief executive Jasmin ...
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NewsTrading in shares of Australian regional carrier Rex suspended pending announcement
Trading in shares of Australian carrier Regional Express (Rex Airlines) has been paused amid recent boardroom turmoil and reports a restructuring team has been put in place.
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NewsAsia-Pacific airlines see strong international passenger, cargo traffic in June
Airlines in the Asia-Pacific are enjoying strong summer international travel demand, while also getting a cargo boost from e-commerce activity and security issues affecting Red Sea shipping.
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NewsIsraeli start-up AirHaifa takes first ordered ATR 72-600
Israeli start-up carrier AirHaifa has taken delivery of its initial ATR 72-600s, one of a pair ordered from the airframer last year. AirHaifa is looking to start commercial services from Haifa to destinations in the Mediterranean and Red Sea regions. The aircraft will be powered by the Pratt & Whitney ...
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NewsAmerican cuts full-year outlook as second quarter profits halve
American Airlines lowered its full-year profits outlook after disclosing second quarter net profit almost halved to $717 million from the same period a year earlier.
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NewsAir Belgium rejigs A330 fleet as it looks towards exiting restructuring process
Air Belgium is expecting to exit a judicial restructuring process in September, and is claiming to have achieved profitability over the first four months of this year. The carrier axed its scheduled passenger operations in October last year – describing them as “chronically unprofitable” – and opted for restructuring to ...
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NewsSaudi carrier Flynas modernises widebodies with A330neo agreement
Saudi Arabian budget carrier Flynas is modernising its widebody operations, with a preliminary agreement for 15 Airbus A330-900s while expanding its single-aisle fleet with another 75 A320neo-family jets. Flynas will use the A330neos in a two-class configuration, seating up to 400 passengers. The twinjets are powered by Rolls-Royce Trent 7000 ...
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NewsSouthwest to end 50 years of ‘open’ seating as it overhauls product
Southwest Airlines will end its signature “open” seating model and offer premium seating options as it seeks new revenue sources to address concerns around the business’s performance.
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NewsAir France-KLM profits slip 30% in second quarter as costs and Olympics bite
Air France-KLM became the latest carrier to report lower profits for the second quarter, citing the impact of higher costs as well as a one-off adverse hit on demand from Paris hosting the Olympic Games.
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NewsUK-based One Air seeks to reinforce freighter fleet
UK cargo carrier One Air is aiming to double its fleet to four aircraft by the end of next year, as it prepares to introduce another Boeing 747 freighter before September. The airline, which has two 747-400Fs, has been operating for a year, having conducted its initial flight – from ...