News from FlightGlobal – Page 212
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NewsAllegiant reports $56m Q1 profit on strong demand, ancillary revenue
Ultra low-cost carrier Allegiant Air’s leisure-oriented business is humming along smoothly and shows no sign of slowing.
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NewsThird of Swiss A220s grounded as Lufthansa boss lists supply constraints
One-third of Swiss’ Airbus A220 fleet is currently grounded amid supply-side challenges that will be a “major driver” of the industry in the coming years, according to Lufthansa Group chief executive Carsten Spohr.
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NewsAir Moldova suspends operations to await court decision on restructuring
Struggling carrier Air Moldova is suspending all operations while it seeks court approval for a restructuring programme intended to avert bankruptcy and put the airline in a sustainable position. The airline says the suspension – which commenced on 2 May – could be lifted within three days, depending on the ...
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NewsRising costs eat into Korean Air Q1 profit
Korean Air posted slimmer profits in the first quarter of this year, as rising fuel and operational costs offset an increase in revenue on the back of travel demand recovery.
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NewsAir India, Vistara enter interline partnership
Air India and Vistara have entered an interline partnership, bringing the two Tata Group carriers closer together pending their merger.
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NewsLufthansa predicts ‘summer travel boom’ after loss-making Q1
Lufthansa Group says it is on track to exceed its pre-Covid financial performance in the second quarter of the year, despite capacity still being significantly down on 2019 levels, amid strong post-Covid demand for travel.
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NewsGaruda Indonesia narrows Q1 loss on revenue uptick
Garuda Indonesia cut its red ink in the first quarter, on the back of significant increase in revenue as travel demand picked up.
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NewsIndia’s Go First suspends flights, blames P&W engine woes for insolvency protection filing
Indian low-cost carrier Go First has suspended flights for the next three days and reportedly filed for insolvency protection, laying the blame on “ever-increasing” failures of Pratt & Whitney engines, which it says have left half its Airbus A320neo fleet grounded.
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NewsJazeera Airways to bring in A321s under latest lease plan
Kuwaiti budget carrier Jazeera Airways is preparing to lease a pair of Airbus A321s, as it continues to source single-aisle capacity ahead of receiving new aircraft. The airline’s board agreed the lease of the A321s – as well as another pair of A320s – at meeting held on 2 May. ...
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NewsJAL to operate dedicated freighters after 13-year hiatus
Japan Airlines will introduce dedicated freighters to its fleet for the first time in 13 years, as it seeks a “new business model” to capture “stable and growing demand”.
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NewsSAS reinforces leisure network with new Asian route
Star Alliance carrier SAS is to open a new Asian service, operating to the Thai capital Bangkok from the beginning of the winter season. SAS, which is currently under US Chapter 11 bankruptcy protection, has been undergoing a restructuring programme to strengthen its financial position. It says it is aiming ...
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NewsJAL swings back to profitability, on ‘steady path’ to growth
Japan Airlines returned to the black in its full-year financial results, buoyed by a strong showing in domestic travel demand and “steady progress” in international recovery.
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NewsEl Al ties up with travel specialist to create tourism joint-venture company
Israeli flag-carrier El Al is aiming to establish a joint-venture company specialising in tourism, in which it will hold a 40% share. The airline has reached a provisional agreement through which it will collaborate with Tel Aviv-based travel firm Issta, which would also have 40% of the venture. El Al ...
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NewsFlydubai shows off sliding-door privacy suite for business-class cabin on 737s
Middle Eastern carrier Flydubai has unveiled a new premium business suite for single-aisle aircraft, which will include a sliding privacy door. The airline showed off the development at the Arabian Travel Market and states that it will be introduced on its fleet from November this year. Flydubai operates some 75 ...
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NewsProfitability imminent for China’s ‘Big Three’: HSBC
HSBC Global Research believes China’s three largest carriers could return to the black as early as the quarter ended 30 June, amid “robust travel demand” and rising airfares.
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NewsQantas appoints finance chief as new CEO
Qantas has appointed finance chief Vanessa Hudson as its new airline CEO, making her the first female leader in its 103-year history, and ending months of speculation over the carrier’s leadership succession plans.
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NewsCanada’s Cargojet posts $30.5m Q1 profit amid ‘softer economic conditions’
Canadian operator Cargojet Airways posted a C$30.5 million ($22.5 million)profit amid “softer economic conditions” during the first three months of 2023, compared with a C$56.4 million loss during the first quarter of last year.
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NewsAir Canada’s pilots vote to join pilot union ALPA
Air Canada’s pilots have decided to join much larger pilot union Air Line Pilots, International (ALPA).
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NewsAlaska Airlines, ZeroAvia to develop ‘world’s largest’ zero-emission aircraft
Alaska Airlines has delivered a De Havilland Canada Dash 8-400 turboprop to be retrofitted with a hydrogen-electric propulsion system by powertrain developer ZeroAvia.
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NewsLufthansa expects first A350-1000 deliveries in 2026: CEO
Lufthansa Group chief executive Carsten Spohr says the first of the airline’s new Airbus A350-1000s will arrive in the fleet in 2026.