All articles by Lewis Harper – Page 24
-
Airline BusinessAir cargo grapples with plummeting rates and freighter oversupply fears
The global air cargo market is heading for a potential “winter of discontent” amid rapidly falling rates, softening demand and rising capacity.
-
NewsTUI back in profit and confident hotter summers create opportunities
TUI Group has reported its first fiscal third-quarter profit since the Covid-19 pandemic, supported by strong demand and high prices in a European peak travel season that has since been marked by heatwaves and widespread coverage of wildfires in Rhodes
-
NewsAir Baltic swings to first-half profit despite A220 engine woes
Air Baltic overcame the impact of around 25% of its own fleet being grounded during the second quarter to report a profitable first half of 2023.
-
NewsPakistan earmarks struggling PIA for privatisation
Cash-strapped Pakistan has announced its intention to privatise flag carrier Pakistan International Airlines, as the country works to stabilise its economy.
-
Airline BusinessHow agile Air Serbia is finding a profitable growth path
When it comes to examples of airlines exiting the Covid-19 crisis as bigger, more confident operations, Air Serbia is a compelling case, even as it grapples with the capacity constraints that are being felt across the industry.
-
Airline BusinessUS pent-up demand shifts to long-haul at expense of domestic
A curious consequence of the Covid-19 recovery has become apparent during the current earnings season, as domestic-focused US carriers report a stronger-than-expected shift in pent-up demand towards international, long-haul flying.
-
NewsWizz Air swings to quarterly profit as ticket revenue soars
Central European budget carrier Wizz Air swung to operating and net profits during the April-June period, on record passenger numbers and high yields.
-
NewsProfitable Lufthansa foresees ‘unabated’ demand across rest of 2023
Lufthansa Group’s adjusted EBIT surged above €1 billion ($1.1 billion) in the second quarter, buoyed by strong demand and high yields amid industry-wide supply constraints.
-
NewsIndiGo to launch venture capital arm
IndiGo is seeking regulatory approval for the launch of a venture capital arm.
-
NewsBuoyant IndiGo reports record quarterly profit and passenger numbers
IndiGo recorded its highest-ever quarterly revenue of Rs172 billion ($2.1 billion) during the April-June period, powering it to a record net profit of Rs31 billion.
-
NewsKorean Air reports ‘moderate’ Q2 profit amid declining cargo market
Korean Air boosted its overall revenue in the second quarter of this year but saw its operating profit fall, as the strong recovery of passenger demand was offset by higher costs and a significantly weaker freight market.
-
Airline BusinessBritish Airways ‘mid-way through’ business transformation: Doyle
British Airways is halfway through a transformation of the business under the leadership of Sean Doyle, focused on building the brand’s ‘premium’ reputation, improving engagement with employees and increasing the resilience of the technology that underpins operations.
-
NewsIAG again flags slower-than-expected recovery in corporate travel
IAG is still experiencing a slower-than-expected recovery in corporate travel from the Covid-19 pandemic, with British Airways seeing demand plateau in the second quarter of this year.
-
NewsIAG cites Iberia lessons as BA and Aer Lingus battle operational challenges
The operating environment in Europe is proving “extremely difficult” this summer, but Iberia’s strong punctuality offers a template for other carriers in the group, according to IAG.
-
NewsIAG sees quarterly profit top €1bn after record Iberia result
IAG cited a strong performance from its Spanish operations as the British Airways and Iberia owner saw its net profit for the second quarter of 2023 top €1 billion ($1.1 billion).
-
NewsBritish Airways to take six more Boeing 787-10s
IAG has firmed an order for six Boeing 787-10 widebodies, while adding six more options for the variant.
-
Airline BusinessWhy some airlines are relieved to be flying older aircraft
A notable dynamic of the current aircraft maintenance and reliability issues being experienced by carriers around the world is that the problems have been more acute among the latest-generation technologies.
-
NewsAirlines ask Dutch Supreme Court to consider Schiphol noise judgement
A number of airlines and industry associations have joined forces to institute ‘cassation proceedings’ through the Dutch Supreme Court regarding the Amsterdam Court of Appeal’s decision earlier this month to lift a block on reducing flights from Schiphol airport. Airlines had initially successfully challenged a plan to cut flight departures ...
-
NewsIberia enters BA and Qatar Airways joint venture
Iberia has become part of the joint venture between by fellow Oneworld carriers British Airways and Qatar Airways, expanding what had already been described by its founders as “the world’s largest airline joint business”.
-
NewsIATA opposes ban on night flights at Brussels airport
IATA has voiced its opposition to proposals that would see night flights banned at Brussels airport on the grounds of reducing noise, claiming such a move would ignore Belgium’s international obligations.