News from FlightGlobal – Page 214
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NewsAmerican posts Q1 profit of $10m amid ‘dynamic’ air travel demand
American Airlines posted a profit of $10 million – its first first-quarter profit in four years – as demand for air travel remained “dynamic”.
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NewsAgeing freighters face fallout from reduced air cargo demand
Older freighters are being grounded as a result of ongoing reduced demand and increased capacity in the air cargo sector, according to Sander Schuringa, manager of market intelligence at Seabury Cargo.
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NewsLufthansa to start Munich-Bangalore flights, adds A380 to Bangkok and LA routes
Lufthansa is to begin services this winter to Bangalore in India, part of an expansion of its operations from Munich which will also see it deploy its returned Airbus A380s on flights to Bangkok and Los Angeles from the German city.
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NewsFinnair cautious on post-summer demand as it welcomes small Q1 profit
Finnair highlighted uncertainty about the durability of high passenger demand as it reported its third consecutive quarterly operating profit amid a strategic overhaul of the business.
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NewsAirlines are maintaining focus on air cargo: IATA chief
Airlines are maintaining the focus on air cargo that they gained during the Covid-19 pandemic, according to IATA director general Willie Walsh.
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NewsLessor Avolon committing to 40 more 737 Max jets
Irish-based lessor Avolon is intending to order 40 Boeing 737 Max jets, for delivery over the course of 2027-30. The lessor values the provisional agreement at more than $4 billion at catalogue prices. Avolon was responsible for delivering the first Max to its customer in 2017. It has not specified ...
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NewsAAPA flags ‘lacklustre’ Asia-Pacific cargo traffic as passenger travel rebounds
The Association of Asia Pacific Airlines (AAPA) has warned of a “lacklustre” air cargo market in the region amid a decline in demand that is being juxtaposed by “robust recovery” in passenger traffic.
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NewsBoeing encouraged by China’s signals on 737 but keeps conservative outlook
Boeing is taking a conservative view on the Chinese market but is encouraged by the gradual return to service of 737 Max jets in the country. Speaking during a first-quarter briefing, chief executive Dave Calhoun said all Max operators in China have brought at least part of their fleet back ...
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NewsANA parent swings to first operating profit in three years
All Nippon Airways parent ANA Holdings swung to an operating profit for its 2022 financial year, benefiting from the lifting of travel restrictions related to the coronavirus pandemic.
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NewsAir China to sell eight A330s to cargo unit in fleet rejig
Air China is to sell eight Airbus A330-200s to its cargo unit Air China Cargo in a deal worth up to $114 million, as part of fleet optimisation efforts and to “improve the economic benefits” of aircraft disposal.
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NewsAirAsia units ramp up international capacity amid ‘sustained demand’
AirAsia Aviation carriers see “sustained demand” in international travel demand amid a significant capacity ramp-up in the first quarter of the year, including resuming flights to Mainland China.
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NewsStrong demand, cheaper fuel prompt Air NZ to up profit guidance
Air New Zealand has increased its profit forecast for the 2023 financial year, citing strong demand for both domestic and international travel.
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NewsHong Kong Airlines restructuring gets underway; network, fleet ‘realignment’ to come
Hong Kong Airlines (HKA) expects to undertake a network and fleet “realignment” in the near term, as part of business recovery efforts after it secured investment for its restructuring.
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NewsAvianca fires back at Aerocivil for ‘unfeasible conditions’ on Viva acquisition
Colombian airline Avianca has sharply criticized a decision by the country’s civil aviation regulator on it’s planned acquisition of now-defunct Viva Air.
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NewsSpirit loses $104m as first quarter costs outpace surging revenue
US low-cost carrier Spirit Airlines reports a $104 million loss for the first quarter of 2023, compared with a $195 million loss during the same period last year.
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NewsColombia’s Aerocivil grants final approval of Avianca-Viva merger
Colombia’s Directorate of Air Transport and Aero-Commercial Affairs, also known as Aerocivil, has formally approved the merger of Avianca and Viva Air.
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NewsGol grows in a ‘disciplined manner’ in the first quarter of 2023
Gol boosted its first-quarter results as “continues to act in a disciplined manner in managing supply and demand” in the sometimes still unpredictable post-Covid-19 environment.
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NewsLufthansa test-flies crucial atmospheric probe for climate-research A350
Lufthansa Group has flight-tested a measurement probe system which is crucial to the adaptation of one of the operator’s Airbus A350-900s to a climate-research aircraft. The German flag-carrier disclosed two years ago that it would modify the twinjet (D-AIXJ) to serve as a flight laboratory. It says it aims to ...
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NewsIsrael’s El Al names treasurer as new chief financial officer
Israeli flag-carrier El Al has named Yacov Shahar as the airline’s new chief financial officer, succeeding Yitzhak Eliav. El Al says it formally appointed him to the post on 24 April. Shahar has previously served a long tenure as the company’s treasurer. His background includes holding the position of chief ...
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NewsUzbekistan Airways introducing A330s to support network and fleet expansion
Uzbekistan Airways is introducing a pair of Airbus A330s, to support expansion of the airline’s long-haul network. The twinjets are being acquired through a lease with Lithuanian-based operator Heston Airlines. Uzbekistan Airways says it brought in the first of the pair, an A330-200, on 21 April and will take a ...