All articles by Lewis Harper – Page 15
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Airline BusinessHow are airlines being affected by the global IT outage?
The global IT outage on 19 July thrust the airline sector into the spotlight as carriers worldwide grappled with associated challenges
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Airline BusinessBack to ‘normal’ at Finnair as pent-up demand dissipates
Finnair is the latest carrier to acknowledge that something more akin to the pre-pandemic ‘normal’ is now setting in for European operators
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NewsFinnair reports ‘normalisation’ of demand as quarterly profits drop
Finnair saw post-Covid pent-up demand largely dissipate during the second quarter of this year, hurting its profitability as unit revenues declined.
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Airline BusinessIcelandair continues transatlantic pivot amid seismic uncertainty
As much as Icelandair Group has dismissed suggestions that seismic activity in the country should affect people’s willingness to travel to it, the impact of that situation was clear to see in the business’s latest earnings.
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NewsIcelandair sees second-quarter profit fall as seismic activity hits demand
Icelandair Group eked out a small profit during the second quarter as it shifted more of its network towards lower-yielding transatlantic connections amid the impact of seismic activity on demand for travel to Iceland.
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Airline BusinessStruggling SpiceJet seeks fresh funds as profitability remains elusive
SpiceJet’s latest financial report – again released after a significant delay – is a reminder of how challenging India’s market can be, whatever potential it holds
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Airline BusinessWeek 29 2024: Earnings season continues after rocky start
The latter half of this week will see more airlines reveal their performances for the April-June period as the earnings season kicks into gear following a rocky start in some cases.
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Airline Business‘We are not happy’: Norwegian chief reflects on second-quarter challenges
Scandinavian low-cost carrier Norwegian observed softer-than-expected demand during the second quarter of this year, as its financial performance was also hit by a string of challenges.
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Airline BusinessKLM chief works to overcome growth constraints on multiple fronts
KLM chief Marjan Rintel sees governments developing a better understanding of aviation’s importance as she grapples with a string of challenges relating to the Dutch flag carrier’s growth plans
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Airline BusinessWeek 27 2024: Joining forces on Independence Day?
The coming week might see a decision on Lufthansa Group’s acquisition of a stake in ITA Airways, with 4 July the current deadline set by the European Commission.
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Airline BusinessHow Abra and Volotea are joining forces as Air Europa ‘remedy takers’ at Madrid
Their joint-venture agreement aims to create a new ‘hub solution’ at the Spanish capital, should they be granted remedies under a European Commission decision
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NewsVolotea and Abra sign JV with eye on Air Europa remedies at Madrid
Spanish low-cost carrier Volotea and Avianca parent company Abra Group have signed a joint-venture agreement to act as a “remedy taker” should IAG complete its acquisition of Air Europa.
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Airline BusinessWeek 26 2024: Aer Lingus latest to face industrial action
While many airlines are in their quiet periods ahead of the second-quarter earnings season, unions are continuing to make some noise, most recently in the case of Aer Lingus.
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NewsAer Lingus cancels flights as pilots take industrial action over pay
Aer Lingus has cancelled 10-20% of flights over the period 26-30 June, after members of the Irish Air Line Pilots Association (IALPA) voted in favour of work-to-rule action following their rejection of a pay deal.
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Airline BusinessHow Qantas plans to turn Perth into its second-biggest gateway
Established flag carriers in developed markets might be accustomed to piecemeal network changes rather than big expansion moves, but Qantas Group is on a rare mission that might just fall into the latter category.
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Airline BusinessWhy Africa might have its best chance to achieve a single air transport market
As Africa’s population grows ahead of global trends, the disproportionality of its commercial airline sector only becomes starker. In 2023, African countries accounted for around 18% of the world’s population, according to UN data, while IATA data shows that the continent’s airlines servied just 2.1% of airline passenger traffic. Moreover, ...
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Airline BusinessWeek 25 2024: More to come on Southwest criticism?
The strategy and leadership at Southwest Airlines are likely to be in the headlines again this week, after two investment funds called for an overhaul of both last week.
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Airline BusinessWhy does airline consolidation matter in Europe?
In the post-Covid landscape, it is no coincidence that alongside ITA Airways, smaller national network carriers such as SAS and TAP Air Portugal are subject to M&A moves
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Airline BusinessSouthwest latest to face strategic questions as hedge fund hits out
Southwest Airlines has stated its confidence in the business’s strategy and leadership team after a hedge fund called both into question in a highly critical letter, as it became the latest US carrier to have its performance and planning thrust into the spotlight.
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Airline BusinessWeek 24 2024: ITA indication possible after SAF dominates IATA gathering
Something to look out for this week is an indication of the European Commission’s thinking on Lufthansa Group’s planned move to acquire a stake in ITA Airways