All articles by Lewis Harper – Page 12
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Airline BusinessBetter and worse: unpacking IATA’s latest airline industry profit forecast
When IATA released its latest industry forecasts on 10 December, eyes were on whether 2024’s global net profit performance would be downgraded
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NewsAverage aircraft age rises as airlines grapple with supply-chain challenges
The average age of the global commercial airline fleet has reached a “record” of 14.8 years, according to IATA, as supply-chain challenges frustrate the industry’s decarbonisation efforts.
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NewsIATA forecasts improved airline profits in 2025 amid fuel cost relief
Global airline association IATA has slightly upgraded its industry net profit forecast for 2024, while predicting a further strengthening of profitability in 2025, driven in large part by expectations that fuel costs will be lower.
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NewsAir India places firm order for another 100 Airbus jets
Air India has ordered another 100 Airbus jets as its continues its aggressive expansion under Tata Group ownership.
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AB Power BI storyWeek 50 2024: Will airline profits beat 2023 performance?
As 2024 nears its end, thoughts are turning to how the airline industry has performed in financial terms versus expectations as the year began
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Airline BusinessQ3 2024 performance report for benchmark Latin American airlines
Full third-quarter results from Airline Business’s benchmark airlines in the Latin America region show them swinging to a net profit of almost $500 million
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Airline BusinessWeek 49 2024: Positive week for airline consolidation as ITA deal gets nod
The global airline industry is beginning a new week having received positive news from the European Union regarding two high-profile consolidation moves
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Airline BusinessQ3 2024 performance report for benchmark Asia-Pacific airlines
Full third-quarter 2024 earnings from Airline Business’s benchmark carriers in the Asia-Pacific region show the fall in profitability that began in the April-June period continuing into the second half of the year, amid higher costs and yield moderation
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NewsVirgin Atlantic chief cites decade of 787 engine issues as 2025 plans hit
Virgin Atlantic is marking what chief executive Shai Weiss describes as a “10-year cycle” of issues with its Rolls-Royce Trent 1000-powered Boeing 787-9
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Airline BusinessWeek 48 2024: Trump predictions as busy Thanksgiving approaches
As US airlines prepare for the immediate challenge of the Thanksgiving getaway, they also have one eye on what Donald Trump’s re-election might mean for the industry.
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Airline BusinessQ3 2024 performance report for benchmark European airlines
Full third-quarter 2024 data from Airline Business’s benchmark airlines in Europe shows the region’s carriers arresting most of the year-on-year falls in profitability seen in the second quarter of the year
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Airline BusinessQ3 2024 performance report for benchmark North American airlines
Full third-quarter 2024 data for Airline Business’s benchmark airlines in North America shows an improved year-on-year profitability picture since the second quarter
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Airline BusinessHow KLM went from group’s star performer to problem child
While work to transform Air France has begun to bear fruit, KLM’s performance has been deteriorating over the past couple of years
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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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Airline BusinessWeek 44 2024: Chinese carriers report, Spirit's new Frontier and Boeing woes
The coming week is a bumper one in the third-quarter earnings season, with carriers around the world set to report.
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Airline BusinessIndiGo chief points to GTF peak and 2030 progress after first loss in two years
Two years into his tenure at IndiGo and Pieter Elbers is back where he started, describing a loss-making fiscal second quarter for the Indian low-cost carrier.
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Airline BusinessNorwegian learning to take the rough with the smooth
Norwegian’s latest earnings reflect a year in which cost pressures and growth constraints are continuing to counterbalance a largely positive demand picture.
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NewsLoss-making IndiGo calls peak of GTF groundings
IndiGo believes groundings of its Airbus A320neo-family aircraft for inspections of their Pratt & Whitney geared turbofan (GTF) engines is likely to have peaked in the mid-70s during its fiscal second quarter.
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NewsNorwegian growth plans hit as Boeing delivery delays lengthen
Norwegian has cut its forecast capacity growth for 2025 as it recalibrates its plans to absorb the impact of worsening Boeing delivery delays.
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Airline BusinessUpbeat Icelandair seeing end of ‘irrational’ capacity as inbound recovers
Icelandair Group expects its profitability to improve in the final quarter of 2024 and into 2025 as its business transformation, a more ‘rational’ capacity situation and the return of inbound travellers boost fortunes