Latest Airlines news – Page 70
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NewsNorse trims first-quarter losses as it aims for full-year profitability
Long-haul budget carrier Norse Atlantic Airways is aiming for full-year profitability, having trimmed first-quarter operating losses by around 15%. Chief executive Bjorn Tore Larsen says the quarter has demonstrated “major improvement on all metrics” since last year. It doubled revenues to $78.2 million, as passenger numbers increased by more than ...
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NewsCiting slow demand, Qantas axes sole Mainland China flight
Qantas is to suspend operations between Sydney and Shanghai less than a year after restoring them, as it flags a slower than anticipated recovery in demand.
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NewsBangkok Airways, Thai AirAsia feel benefit from tourism rebound
Thailand’s continued air travel recovery helped Bangkok Airways and Thai AirAsia post first-quarter operating profits, although costs were challenging during the period.
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NewsAzul quiet on Gol speculation
Brazilian carrier Azul would not be drawn in on speculation linking it to a possible move for rival operator Gol, as the carrier today disclosed improved first-quarter results.
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NewsUK start-up Ascend embarks on first commercial service
UK start-up Ascend Airways has embarked on commercial services, having flown a charter operation from London Southend. The carrier obtained its air operator’s certificate and scheduled route licence from the UK Civil Aviation Authority on 9 April. Ascend states that it carried out its first service on 26 April, on ...
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AnalysisAir Baltic to evaluate hydrogen power through Fokker Next Gen pact
Air Baltic is to explore the potential for hydrogen-powered aircraft within its operation through a newly minted agreement with aircraft developer Fokker Next Gen.
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NewsEmirates Group’s combined post-pandemic profits exceed crisis losses
Middle Eastern operator Emirates Group’s profits over the past two years have exceeded the combined losses it accumulated over the period of the Covid-19 pandemic.
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News‘Not our DNA’: Cebu Pacific rules out long-haul foray
Cebu Pacific chief Mike Szucs has ruled out venturing into long-haul operations, despite acknowledging that the “best fare growth” has been seen on these routes in the post-pandemic operating environment.
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NewsEx-Global Crossing chief’s new venture Zoom initially to operate E-Jet fleet
Former Global Crossing Airlines chief Ed Wegel’s new airline venture will be branded as Zoom, and initially use Embraer E-Jets. Wegel had disclosed in March that he was aiming to start up a scheduled carrier, provisionally named Air Flo, which would use Airbus A220s. But he states that the airline ...
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NewsIsrair Group to expand its A320 fleet with dry-lease agreement
Israir Group has reached a firm agreement to lease another pair of Airbus A320s, which will give it a summer fleet of 11 aircraft. Both will by dry-leased from a US lessor, which the carrier has not identified. Israir Group states that it entered the agreement on 7 May. The ...
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NewsCourt annuls Condor restructuring aid decision over failure to initiate formal investigation
Approval of state aid to German carrier Condor has been overturned by the European General Court because it was granted without a formal investigation procedure.
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NewsAdministrators assessing financial position as Air Vanuatu enters liquidation process
Administrators are assessing the financial position of South Pacific island operator Air Vanuatu after it named financial firm EY as liquidator and grounded flights on 9 May.
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NewsIAG lifts first quarter operating profit on strong passenger demand
British Airways and Iberia parent IAG increased operating profits before exceptionals in the first quarter to €68 million ($59 million) driven by higher passenger revenues for the period.
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NewsGreek carrier Aegean implementing Saudia codeshare pact
Greek carrier Aegean is entering a partnership with Saudi Arabian flag-carrier Saudia, which will include codeshare services. The two operators unveiled the deal at the Arabian Travel Market event in Dubai. Under the tie-up Aegean will place its ‘A3’ designator code on Saudia-operated flights to Athens from both Jeddah and ...
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NewsThai Airways to exit restructuring in 2024 as first-quarter profit shrinks
Thai Airways International expects to wrap up its restructuring this year, capping off close to four years of business rehabilitation following the Covid-19 pandemic.
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NewsEtihad boosts Q1 profits on strong passenger demand and lower financing costs
Increased passenger revenues and reduced financing costs helped Etihad Airways to boost first-quarter net profits to $143 million.
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NewsCebu Pacific doubles first-quarter profit
Cebu Pacific saw its first-quarter profit double as a jump in revenue – driven by strong passenger travel demand – outpaced an increase in costs.
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NewsVirgin 787 transatlantic SAF flight demonstrated emission and fuel-burn benefits: carrier
Preliminary figures from Virgin Atlantic’s transatlantic Boeing 787-9 flight using 100% wholly-sustainable fuel indicate that it cut carbon and particulate emissions by 64% and 40% respectively, based on a lifecycle analysis.
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NewsKorean Air to focus on ‘route profitability’ as capacity nears full recovery
Korean Air will prioritise “route profitability” in light of intensifying global competition, as it saw first-quarter profits improve on the back of strong passenger and cargo demand.
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NewsMaldivian seeks consultancy services to evaluate long-haul fleet strategy
Indian Ocean carrier Maldivian is seeking to advance its widebody aircraft project by hiring a consultancy to examine its expansion into long-haul services. Maldivian had indicated at the beginning of this year that it was looking to obtain Airbus A330-200 or Boeing 787-8 twinjets. The carrier uses a fleet which ...