All articles by Lewis Harper – Page 31
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NewsAir France-KLM chief reiterates TAP interest as group prepares to exit M&A restrictions
The chief executive of Air France-KLM has reiterated the group’s interest in acquiring TAP Air Portugal as it moves to exit restrictions attached to Covid-era state aid.
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NewsAir France-KLM expects to exit state aid restrictions in April after swinging to full-year profit
Air France-KLM will in April exit restrictions linked to financial support received from the Dutch and French governments during the pandemic, under plans unveiled as it released its full-year earnings on 17 February.
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Airline BusinessWhat factors are driving Air India’s huge aircraft orders?
Confirmation this week that Air India plans to place bumper aircraft orders with Airbus and Boeing follows months of speculation about the flag carrier’s fleet plans under its new owners, Tata Group. But what factors underpin the need for such huge aircraft commitments?
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Airline BusinessInvestors see value in airlines as 2023 outlook improves
Our latest airline share-price tracker reflects positive sentiment towards an industry that has plenty of reasons for optimism heading towards the northern hemisphere summer.
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Airline BusinessAirline Business Covid-19 recovery tracker: February 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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NewsGlobal airline passenger traffic exceeded two-thirds of pre-Covid levels in 2022
Airline passenger traffic was just over two-thirds of 2019 levels last year, in a 12-month period marked by an initially strong recovery from the Covid-19 pandemic that then plateaued across the last few months of the year.
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NewsGlobal air freight demand dropped below pre-Covid levels in 2022
Demand for air freight dropped below 2019 levels last year, as the sector experienced a comedown from the highs recorded in 2021 but still benefited from strong yields.
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NewsUpbeat IndiGo chief welcomes Tata consolidation of Indian airline industry
IndiGo chief executive Pieter Elbers believes Tata Group’s involvement in India’s airline industry is a positive development for all of the country’s carriers, given the maturity it will bring to the market
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NewsIndiGo reports profitable end to 2022 as revenue surges
Low-cost carrier IndiGo recorded record revenue during the three months ending 31 December 2022, helping it to its first net profit since the same period in 2021.
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Airline BusinessHow significant are exits of Flybe and Flyr from Europe’s airline market?
The collapses in recent days of UK carrier Flybe and Norwegian operator Flyr might give the impression of a harsh operating environment for European airlines
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NewsTurkish Airlines to take ultra-high-density 777-300ERs for IndiGo wet-lease
Turkish Airlines has signalled its intent to operate two ultra-high-density Boeing 777-300ERs as part of a wet-lease deal with codeshare partner IndiGo
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NewsBrussels Airlines chief departs
Brussels Airlines will temporarily be led by former chief executive Christina Foerster following the departure of Peter Gerber.
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NewsFlyr finances ‘critical’ as it fails to raise funds
Norwegian carrier Flyr is in a fight for survival after the failure of its financing plan put paid to a key wet-leasing deal.
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NewsLufthansa’s first reactivated A380 lands in Philippines for C-check
The first Airbus A380 reactivated by Lufthansa has arrived in the Philippines for maintenance work ahead of its return to service later this year.
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Airline BusinessWhy does United Airlines chief think competitors are ‘in denial’?
Having been outspoken on the path of the Covid-19 pandemic, United Airlines chief executive Scott Kirby is now suggesting his airline’s peers are misreading the industry’s route out of the crisis. “Most, or perhaps all, of our competitors will get on their [earnings] calls… and tell you [it was a] ...
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NewsPassenger fleet to grow by 22,000 aircraft by end-2041: Cirium
The global passenger fleet is forecast increase by around 22,000 aircraft – or 86% – between end-2021 and end-2041 to meet growing demand for air travel, according to Ascend by Cirium.
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Airline BusinessAircraft shortage emerging amid ‘endemic’ delivery delays
Lessor Avolon this week joined other stakeholders in warning that a shortage of commercial aircraft is a growing theme around the world amid “endemic” delays to the delivery of new jets.
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NewsRyanair chief encouraged by 737 Max ‘production ramp-up’ at Boeing
Ryanair has observed an improvement in Boeing’s output of 737 Max jets following issues with production delays last year, prompting the carrier to upgrade its delivery expectations for the coming months.
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NewsRyanair chief keener on organic growth than ‘pain in the arse’ acquisitions
Ryanair is likely to focus on organic growth in the coming years, having found its acquisitions to be “a pain in the arse”, according to group chief executive Michael O’Leary
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NewsBookings and fares strong despite consumer spending concern: Ryanair chief
Bookings and fares are proving resilient to Europe’s economic challenges, according to Ryanair group chief executive Michael O’Leary