News from FlightGlobal – Page 157
-
NewsSun Country stymied by captain availability on way to modest Q3 profit
Sun Country Airlines reports earning $7.6 million during the third quarter as chief executive Jude Bricker cited the lack of pilots upgrading to captain as a persistent problem.
-
NewsCargojet’s Q3 profits dip amid cooling air freight market
Canada’s Cargojet Airways reports a third-quarter profit of C$10.5 million ($7.63 million) – versus marking C$83.4 million during the same period last year – amid cooling demand for air cargo.
-
NewsMadagascar Airlines suspends long-haul flights as financial situation becomes ‘critical’
Madagascar Airlines has declared that its financial situation is “critical” and it intends to implement urgent measures including withdrawing long-haul services and focusing on its domestic network. The carrier emerged in April last year, in the post-pandemic period, but accumulated losses of $25 million over the course of nine months ...
-
NewsEVA Air orders A350-1000s as part of $10bn fleet renewal
EVA Air has selected the Airbus A350-1000 for long-haul fleet renewal, as part of a $10.1 billion deal that will also see commitments for 15 A321neos.
-
NewsSIA expects full capacity recovery by 2024 as half-year profit smashes records
Singapore Airlines Group expects to return to pre-pandemic capacity in the 2024 fiscal year, amid robust travel demand which has led the airline to post a 26% jump in half-year operating profit.
-
NewsAir India powers up international network, as Sydney airport sees China growth
Air India is using the arrival of new aircraft to strengthen its network, while Sydney airport has seen Chinese carriers mount a strong return this year.
-
NewsIsrair cuts back fleet and rejigs operation in response to Gaza conflict
Israeli leisure carrier Israir has effectively halved its operational fleet as part of its response to the air transport disruption triggered by the Israel-Gaza conflict. The airline says it had been operating nine aircraft before the conflict began on 7 October, but has reduced this to “three or four”, states ...
-
NewsJazeera cites yield pressure as third-quarter profits halve
Kuwaiti budget carrier Jazeera Airways’ net profit halved during the third quarter, to just under KD7 million ($22.7 million). The carrier’s revenues dipped slightly to KD61 million despite a 28% rise in passenger numbers to 1.38 million for the three months to 30 September. Jazeera expanded its fleet with the ...
-
NewsGrounded MYAirline says four A320s remain with carrier
Grounded Malaysian carrier MYAirline says that just six of its 10 Airbus A320 aircraft have been de-registered, denying local reports that all the jets have been returned to lessors.
-
NewsAir NZ to suspend Hobart, Seoul services owing to engine woes
Air New Zealand will suspend two international routes owing to expected availability issues with the Pratt & Whitney PW1100G and Rolls-Royce Trent 1000 engine.
-
NewsCondor now selling Alaska Airlines flights through codeshare
Oneworld carrier Alaska Airlines and German leisure specialist Condor have expanded their codeshare agreement, allowing Condor to market and sell more than 70 routes throughout the USA.
-
NewsFedEx encourages pilots to move to regional carrier PSA as cargo demand slumps
FedEx Express is encouraging pilots to move to regional passenger carrier PSA Airlines as direct-entry captains, with the opportunity to flow through to legacy American Airlines. The regional carrier is sweetening the deal with a $250,000 signing bonus.
-
NewsBrazil’s Gol posts record third-quarter revenue on ‘strong and steady’ demand
Brazil’s Gol generated record revenue in the third quarter of 2023 as both leisure and corporate travel demand continued to strengthen.
-
NewsCAA approves Virgin plans for transatlantic 100% SAF flight on 28 November
Virgin Atlantic has been granted approval by the UK Civil Aviation Authority (CAA) to perform a landmark transatlantic service using a Boeing 787-9 running on 100% sustainable aviation fuel (SAF).
-
NewsUkraine’s Supernova plans all-cargo transatlantic services to US destinations
Ukrainian carrier Supernova Airlines is seeking to open widebody freighter services to US destinations, initially New York. The airline is affiliated with the e-commerce and logistics companies Nova Post and Nova Global, and has a pair of Antonov An-26s leased from United Arab Emirates-based Expedition Aviation. Nova Global says it ...
-
NewsCollectors offered parts of BA 747-400 which carried BOAC heritage livery
Three years after British Airways withdrew its last Boeing 747s from service, the aircraft which bore the BOAC heritage livery is being dismantled and its parts offered to collectors. The aircraft (G-BYGC) was the first of three 747-400s, along with an Airbus A320, to be painted in retro schemes to ...
-
NewsRyanair cautions over 737 Max deliveries as it sets out full-year profit forecast
Ryanair is expecting full-year net profit of up to €2.05 billion ($2.2 billion) despite higher fuel costs and uncertainties over Boeing 737 Max deliveries. The airline cautions that up to 10 of the 57 737s due for delivery before summer 2024 could be delayed until the winter season. “We are ...
-
NewsGaruda swings to loss despite revenue jump
Garuda Indonesia swung back to a nine-month loss despite an increase in revenues, due to the lack of income gained from debt restructuring, and as it took a hit from foreign exchange losses.
-
NewsRoyal Jordanian confirms profitable third quarter while bracing for conflict impact
Royal Jordanian has disclosed that it achieved a JD27.5 million ($38.8 million) net profit for the third quarter, taking the profit at the nine-month mark to JD10.8 million. This performance contrasts with the corresponding net losses of JD861,000 and JD71.6 million during the previous year. Over the quarter the company ...
-
NewsSAS to replace debtor-in-possession finance pact as it enters investment agreement
Scandinavian operator SAS has entered a formal investment agreement with a Castlelake and Air France-KLM consortium, and will replace its debtor-in-possession financing from Apollo with a new arrangement with Castlelake. SAS is under US Chapter 11 bankruptcy protection and restructuring through implementation of its ‘SAS Forward’ programme. As part of ...