Latest stories – Page 8
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Airline BusinessStability follows volatility as IATA projects profits notching up
After the volatility of the recent pandemic years, IATA’s latest economic outlook for the industry released during its AGM on 3 June makes for more sedate reading as airline profits are seen slightly improving.
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Airline BusinessIATA presses case for better understanding of contrails
IATA says ‘urgent action’ is needed to better understand contrails impact and predictability to inform mitigation of non-CO2 effects
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Airline Business‘Steady as she goes’: airline chiefs offer views on industry outlook
The chief executives of four airlines have outlined a broadly positive outlook for the global industry during a panel session at the IATA AGM gathering in Dubai on 3 June.
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Airline BusinessWeek 23 2024: Global profit boost from IATA
The airline industry has gathered in Dubai this week for the annual IATA AGM
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Airline BusinessSAS chief sees deeper gains from move to SkyTeam
Scandinavian carrier SAS is still aiming to complete its switch to the SkyTeam alliance in September, but is initially focusing on securing relationships with alliance members that have the biggest network overlap or opportunities.
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Airline BusinessIATA’s Walsh hails success on SAF awareness as industry gathers in ‘good place’
Pleased that the industry is finally hitting pre-Covid milestones, IATA chief calls for action on sustainable fuel and taxation
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Airline BusinessQ1 2024 global performance report for benchmark airlines
The global airline industry saw its financial performance improve year on year during the first quarter of 2024, although the period lived up to its seasonally weak reputation in Europe and North America
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Airline BusinessAmerican Airlines faces strategy reset as performance falters
American Airlines is a carrier in need of a reset after it became clear that its strategy was not working, at least in the eyes of Wall Street.
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Airline BusinessUnited gaining market share ‘versus everyone’: Kirby
Speaking during Bernstein’s Annual Strategic Decisions Conference, Kirby highlighted why he believes United enjoys structural advantages over its competitors
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Airline BusinessQ1 2024 performance report for benchmark Asia-Pacific airlines
Full first-quarter 2024 earnings from Airline Business’s benchmark carriers reflects a strong performance from the Asia-Pacific region in financial and traffic terms. Aggregate data for the 11 airlines and groups shows revenues surging by 20% year on year to $34.6 billion, with the operating profit more than doubling to $1.36 ...
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Airline BusinessHow the CRJ550 has carved itself a successful niche in the USA
The 50-seat Bombardier CRJ550 has emerged as the small jet of choice for US carriers that face regional jet limits in their pilot contracts
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Airline BusinessWeek 22 2024: Updates on SIA incident as earnings season winds down
This week is likely to see continued updates regarding a fatal incident on a Singapore Airlines Boeing 777-300ER flight on 21 May
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Airline BusinessQ1 2024 performance report for benchmark European airlines
Full first-quarter 2024 data for Airline Business’s benchmark airlines in Europe reflects an inauspicious start to the year for many airlines, albeit most earnings commentaries suggest things are set to improve
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Airline BusinessUS discounters Frontier and Spirit planning for futures without fees
Spirit Airlines is the latest US discounter to axe fees formerly levied against passengers for changing or cancelling flights, following the lead of rival ultra-low-cost carrier Frontier Airlines.
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Airline BusinessWhy is IndiGo launching a business-class product?
IndiGo’s announcement on 23 May that it will launch a business-class product later this year comes as the carrier seeks an even stronger stranglehold in India’s growing airline market.
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Airline BusinessAsia-Pacific carriers flag China’s tepid return
As Asia Pacific airlines make strides in demand recovery, one major market remains – even to this day – some way off a full return to pre-pandemic levels, if that is ever achieveable
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Airline BusinessAirlines optimistic for another strong summer on transatlantic despite weakening signs
Airlines are optimistic that demand for transatlantic air travel will remain robust this summer, with plans to fly record numbers of seats on such routes even as macro concerns – from continued high interest rates, to wars in Gaza and Ukraine – potentially weigh on consumers
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Airline BusinessAirbus order is latest reminder of Saudi Arabia’s ambition
The 105 narrowbody jets – A320neos and A321neos – are destined for Jeddah-based Saudia and its low-cost unit Flyadeal, with deliveries spanning 2026 to 2032.
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Airline BusinessRyanair relaxed on near-term fare softness as Europe grapples with capacity caps
Ryanair has been surprised by some softness in fares for bookings in the April-June quarter despite much-discussed capacity constraints in Europe’s short-haul sector, but expects improvements for the summer peak and for the business’s cost advantage over rivals to increase. Those were among the observations from group chief executive Michael ...
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Airline BusinessWeek 21 2024: Low-cost latest from Europe and Asia
The first-quarter 2024 earnings season enters its final stretch this week, as a number of low-cost carriers join Turkish Airlines in outlining their January-March results.