All articles by Lewis Harper – Page 8
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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.
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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.
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NewsIndiGo to launch venture capital arm
IndiGo is seeking regulatory approval for the launch of a venture capital arm.
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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.
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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.
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AnalysisBritish 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.
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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.
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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.
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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).
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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.
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NewsletterWhy 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.
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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 ...
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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”.
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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.
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NewsFinnair swings to profit in Q2 citing adjustment to Russia airspace closure
Finnair has reiterated its guidance for a stronger-than-expected full-year performance, saying its positive second-quarter results reflect its successful adjustment to the closure of Russian airspace.
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NewsletterAirline Strategy Awards recipients reflect resurgent industry
The Airline Strategy Awards, which were held in London on the evening of 16 July, came with the global industry at a point where traffic and capacity are about to reach parity with 2019 levels after a painful few years for most carriers.
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NewsO’Leary among Ryanair team in Ukraine for Boryspil airport meeting
Three Ryanair executives, including group chief Michael O’Leary, were in Ukraine on 20 July to visit the country’s largest airport and reiterate the low-cost carrier’s intention to make a speedy return to the country once safe operations are possible.
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NewsTurkish Airlines establishes subsidiary to run AnadoluJet
Turkish Airlines has formally established a wholly-owned subsidiary to run low-cost operation AnadoluJet.
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NewsFormer Atlas Air chief takes finance role at FedEx
Former Atlas Air Worldwide chief executive John Dietrich is to join FedEx as chief financial officer on 1 August.
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In depthAirline Business Covid-19 recovery tracker: July 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.