All articles by Lewis Harper – Page 12
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Airline BusinessAirline Business performance tracker: Americas Q1 2023
Key data from the most-recent Americas earnings period – the January-March 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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Airline BusinessAirline Business Covid-19 recovery tracker: May 2023 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsNorwegian claims success in limiting Q1 losses as it eyes strong summer
Norwegian is expecting one of its strongest-ever summer seasons after a first quarter during which it claims to have successfully limited losses.
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Airline BusinessHow strong is the corporate air travel recovery?
As airline quarterly earnings ‘normalise’ in the Covid-19 recovery, many large European and US carriers are beginning to quantify how strongly – or not – corporate travel is coming back.
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NewsAir Baltic cuts first-quarter loss as it looks towards IPO
Air Baltic improved its revenue performance and significantly cut its net loss in the first quarter of 2023, as the business saw positive outcomes from its mixture of own-brand flying and deals to operate capacity for other carriers.
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NewsJet2 puts first A321neo into service
Jet2’s first Airbus A321neo has entered service, marking the beginning of its shift away from operating a Boeing-dominated fleet.
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NewsEU court annuls Lufthansa and SAS state aid approvals after Ryanair complaints
The European General Court has annulled the European Commission’s approval of state aid provided to Lufthansa and SAS during the Covid-19 crisis.
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NewsIAG reports Q1 operating profit as leisure demand gives it summer confidence
British Airways and Iberia parent IAG saw stronger-than-expected performances from all of its airlines in the first quarter of 2023, as buoyant leisure demand helped the European group to achieve a small operating profit during what is a seasonally weak three months.
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NewsIberia names temporary chief executive
Spanish airline Iberia has named Fernando Candela Perez as its new chairman and chief executive, effective from July through to the end of 2023, following Javier Sanchez-Prieto’s decision to step away from the business.
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Airline BusinessQantas CEO succession a fitting outcome after Joyce’s diversity focus
It is Alan Joyce’s exit from Qantas that has perhaps brought the most high-profile evidence of his diversity and inclusion efforts, with the appointment of chief financial officer Vanessa Hudson as his successor.
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NewsThird of Swiss A220s grounded as Lufthansa boss lists supply constraints
One-third of Swiss’ Airbus A220 fleet is currently grounded amid supply-side challenges that will be a “major driver” of the industry in the coming years, according to Lufthansa Group chief executive Carsten Spohr.
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NewsLufthansa predicts ‘summer travel boom’ after loss-making Q1
Lufthansa Group says it is on track to exceed its pre-Covid financial performance in the second quarter of the year, despite capacity still being significantly down on 2019 levels, amid strong post-Covid demand for travel.
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Airline BusinessWill there be enough clean energy to produce future fuel for airlines?
A report published this week highlights the huge amount of new infrastructure and investment required to ensure there will be enough clean energy to produce the alternative fuels that will power the aviation sector towards decarbonisation.
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NewsFinnair cautious on post-summer demand as it welcomes small Q1 profit
Finnair highlighted uncertainty about the durability of high passenger demand as it reported its third consecutive quarterly operating profit amid a strategic overhaul of the business.
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Airline BusinessWhy European short-haul travel will become more expensive
Analysts at Bernstein this week became the latest industry observers to suggest that airlines will need to charge more for short-haul air travel as the decade progresses, in response to European Union measures aimed at reducing carbon emissions.
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NewsEtihad ‘sustainable aviation’ claims rebuked by UK advertising authority
Etihad Airways has become the latest carrier to have its sustainability claims rebuked by the UK’s advertising watchdog, as airlines grapple to get their messaging right on the industry’s most-pressing topic.
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Airline BusinessAirline Business Covid-19 recovery tracker: April 2023 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsA220 engine ‘in maintenance for 386 days’ but Air Baltic chief foresees improvement
Air Baltic has seen maintenance of the Pratt & Whitney PW1500G geared turbofans (GTFs) that power its Airbus A220-300 fleet take months longer than expected as supply-chain and labour challenges weigh on the MRO sector, but the airline expects the situation to improve.
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NewsAir Baltic chief reiterates interest in stretched A220 as options decision looms
Air Baltic would still consider taking a stretched version of the Airbus A220 – widely dubbed the A220-500 – should the variant become available in the right timeframe for its outstanding order options.
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NewsFinnair chief sees some travellers avoiding Russian overflights with Chinese airlines
The chief executive of Finnair has acknowledged that Chinese airlines have an advantage over European carriers in still having access to Russian airspace, but says he does not expect all passenger segments to take up that option.