Latest Airlines news – Page 73
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NewsAirAsia divestment gets go-ahead in MYR6.8 billion deal
Malaysia’s Capital A has divested its aviation business in Southeast Asia to associate AirAsia X, in a deal valued at around MYR6.8 billion ($1.4 billion).
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NewsSAA rebuilds intercontinental network with Perth resumption
South African Airways is to resume its service to the Australian city of Perth by the end of April, continuing a restoration of the flag-carrier’s long-haul services. It has already re-introduced flights to Sao Paulo in Brazil, around six months ago. SAA’s rebuilding of its network had already been planned ...
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NewsIcelandair Group cargo division edges back into operating profit
Icelandair Group has recorded an improvement in its cargo operation, with a return to operating profit in the first quarter. The company states that it is “on track” to deliver a full-year operating profit in the division after implementing a number of efficiency measures. It reduced freight capacity by 9% ...
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NewsNew US rule requires airlines to refund passengers for ‘significant’ delays
The US government has issued a new consumer-friendly rule on how and when airlines must refund travellers if their flight itineraries are ”significantly” altered, their luggage is lost, or ancillary services are not delivered.
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NewsIndiGo steps up to long-haul with agreement for up to 100 A350s
Indian budget carrier IndiGo is stepping up to the long-haul sector with an agreement to order up to 100 Airbus A350-900s, deliveries of which will commence in 2027.
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NewsWizz details extent of P&W engine groundings as it returns to full-year profitability
Central European budget carrier Wizz Air had 45 grounded Airbus A320neo-family aircraft, some 20% of its fleet, at the close of its fiscal year on 31 March, the result of Pratt & Whitney engine inspections.
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NewsJet2 poised for ‘successful’ summer following strong full year
UK leisure carrier Jet2 is optimistic over its position for the upcoming summer season, following the close of its last financial year for which it expects a one-third rise in pre-tax profit to £515-520 million ($640-647 million). The company says its summer 2024 capacity – which is over 12% higher ...
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NewsAirAsia appoints founder Fernandes as group advisor
AirAsia Aviation Group has appointed its co-founder and former chief executive Tony Fernandes as advisor and steward, as the deadline for merger negotiations with associate unit AirAsia X draws close.
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NewsFinnair scales back full-year guidance after strike-hit first quarter loss
Finnair has slightly scaled back its full-year revenue and capacity expectations for 2024 after posting a first-quarter comparable operating loss of €11.6 million ($12.4 million) for the first three months of the year.
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NewsLufthansa City Airlines to debut on 26 June with Munich-Birmingham link
New Lufthansa Group operator, Lufthansa City Airlines, will begin ticket sales tomorrow ahead of its operational launch on 26 June.
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NewsThai cargo start-up Pattaya takes delivery of initial ATR freighter
Thai start-up regional carrier Pattaya Airways has taken delivery of its first aircraft, an ATR 72-500 freighter.
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NewsAsia-Pacific carriers strengthen codeshares, Auckland’s China network grows
Star Alliance partners Air India and All Nippon Airways have entered a codeshare agreement covering the two carriers’ networks.
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NewsAir New Zealand cuts profit forecast again, citing stiff competition and weak demand
Air New Zealand trimmed its full-year earnings forecast for a second time, as it flags increased competition on its North American network and softening domestic travel demand.
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NewsEmirates vows to improve after Clark admits storm response ‘far from perfect’
Middle Eastern carrier Emirates has restored its flight schedules, after four days of disruption caused by thunderstorms and torrential rain in Dubai.
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NewsChina’s ‘Big Three’ expected to post first-quarter profits: HSBC report
A HSBC Global Research report has outlined the possibility of China’s three largest carriers turning profitable in first quarter of the year, on the back of record traffic results.
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NewsNorse Atlantic further diversifies by unveiling South African route
Long-haul budget carrier Norse Atlantic Airways is opening services to the South African city of Cape Town from London Gatwick later this year. It will start operating the route on 28 October, ahead of the southern hemisphere summer. Norse, which exclusively uses Boeing 787s, says it will serve Cape Town ...
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NewsEasyJet narrows first-half losses
UK low-cost carrier EasyJet expects to post a pre-tax headline loss of between £340-360 million ($423-448 million) for the six months ended March 2024.
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NewsAegean to configure four A321neos for longer-range operations
Greek carrier Aegean Airlines is to take four Airbus A321neos configured for extended-range operations as it targets markets in Africa, Asia and the Middle East.
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NewsIsrair Group restores fleet capacity to pre-conflict levels
Six months after the Israeli-Gaza conflict began, leisure carrier Israir Group has restored its fleet to pre-war levels. The airline says it will have nine single-aisle aircraft available, 192 days since the outbreak of the conflict in October 2023. With this level of capacity, it adds, it will be able ...
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NewsEuroAtlantic seeks to expand fleet as it secures funding commitment from shareholder
Portuguese wet-lease specialist EuroAtlantic Airways has secured a commitment for additional funding from its controlling shareholder, Njord I-Jet, as it looks to expand its fleet under a new management team. Njord I-Jet’s commitment illustrates its “confidence” in the “positive outlook” for the business, says the Lisbon-based carrier. The quantity of ...