News from FlightGlobal – Page 289
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NewsCathay ‘very likely’ to be profitable in second-half of 2022: HSBC report
A HSBC Global Research report believes profitability is imminent for Hong Kong-based Cathay Pacific, as the city looks set to continue easing onerous pandemic restrictions.
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NewsEl Al works to restore activity levels as recovery gains traction
Israeli carrier El Al made a pre-tax loss of $90 million for the first half of the year, although a tax gain pushed the airline into a net profit of $34 million. The airline generated revenues of nearly $799 million over the six months to 30 June. El Al says ...
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NewsAirbus operational single-aisle fleet passes 10,000
Airbus A220s have helped lift the airframer’s total global operational single-aisle fleet into five figures, according to the company’s latest backlog data. Its official single-aisle fleet total passed the 10,000 mark in July 2022. Almost three-quarters of these aircraft – some 7,466 – were older A320-family jets, including just over ...
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NewsEmirates rolls out cabin refresh in $2 billion soft product upgrade
Emirates is to embark on an “extensive and record-breaking” aircraft interior refurbishment, as part of a $2 billion investment into improving its inflight cabin experience.
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NewsSiberia’s KrasAvia to acquire LMS-901 fleet for regional connectivity
Siberian operator KrasAvia has entered a provisional agreement to acquire 10 UZGA LMS-901 multi-purpose aircraft. Deliveries of the Russian-built, single-engined high-wing type will commence in 2025 and run to 2029. KrasAvia says it will become “one of the first customers” for the new aircraft in Russia as a result of ...
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NewsProfitable Air Arabia progresses with new joint-venture carriers
Middle Eastern budget carrier Air Arabia’s new Armenian operator Fly Arna commenced operations in July. The Yerevan-based operation obtained its air operator’s certificate in June and subsequently opened services to the Egyptian resorts of Hurghada and Sharm el-Sheikh. Air Arabia also states that it has reached an “advanced stage” of ...
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NewsBangkok Airways narrows Q2 loss
Bangkok Airways trimmed its second-quarter operating loss, as revenue increase outpaced a steady rise in costs.
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NewsHit by wave of crew sickness, Air New Zealand trims capacity forecast
Air New Zealand is to cut capacity over the next six months, as the airline confronts its highest levels of crew sickness in more than a decade.
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NewsSpirit blames slower recovery on air traffic control issues in Florida
Spirit Airlines is blaming its slower post-Covid recovery in part on air traffic control staffing issues in its home state of Florida.
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NewsLATAM benefits from easing of travel restrictions in Q2
LATAM Airlines Group benefited from increased passenger demand during the second quarter of 2022 as numerous Latin American countries relaxed travel restrictions, making travel easier than it has been for two years.
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NewsBoeing resumes 787 deliveries, handing aircraft to American Airlines
American Airlines has taken delivery of the first Boeing 787 Dreamliner to leave the production line after the US aviation regulator green-lighted the airframe following a 21-month pause
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NewsUnited pays first installment of $10m to Archer for air taxis
United Airlines has paid air-taxi developer Archer Aviation $10 million in a first installment on its conditional order with the start-up, representing what the companies say is a “watershed moment” for the electric vertical take-off and landing (eVTOL) industry.
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NewsTUI blames UK flight-disruption costs for third-quarter losses
Leisure company TUI would have generated positive third-quarter earnings but for the operational disruption to its flights, mainly at UK airports, during the period. TUI puts the cost of flight disruption at €75 million ($76 million) but states that the resulting EBIT loss of €27 million for the three months ...
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NewsAvianca seeks urgent integration of financially-pressured Viva
Colombian operator Avianca is seeking to accelerate closer ties with Latin American low-cost carrier Viva, in order to protect the budget airline. Avianca has requested authorisation from the Colombian civil aviation regulator to integrate Viva over concerns about Viva’s ability to compete in the face of increased financial pressures. Viva ...
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NewsCathay Pacific cuts losses despite ‘particularly unfavourable’ start of year
Cathay Pacific Group narrowed its losses for the six months to 30 June on the back of a significant jump in passenger travel revenues, despite what it calls a “particularly unfavourable” operating environment at the start of the year.
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NewsTaiwanese carriers remain in the black amid rising costs
Taiwan’s two largest carriers were profitable in their second-quarter financial results, even as costs and expenses continued to steadily increase.
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NewsSpirit cuts Q2 losses as revenue lift counters rising costs
JetBlue-bound discount carrier Spirit Airlines cut its pre-tax losses for the second quarter to $67.5 million as better than expected revenues helped counter higher fuel costs for the period.
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NewsMesa posts fiscal Q3 loss amid increasing pilot shortage issues
Mesa Air Group, the parent company of Mesa Airlines, posted a loss for its fiscal third quarter as the company’s block hours fell and it continues to suffer from the pilot shortage.
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NewsSun Country sees higher leisure demand, struggles with ‘training challenges’
Sun Country Airlines notched higher revenue during the second quarter of 2022, as leisure travel demand rose. However, the Minneapolis, Minnesota-headquartered carrier joins its airline peers across the USA in struggling with ensuring it has enough qualified and current flight crew to cover all of its needs.
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NewsChinese carriers help lift Airbus net orders by nearly 400 aircraft
Airbus has added nearly 400 net orders to its total for the year, following a strong July, and includes the large agreement for aircraft from four Chinese carriers. These Chinese operators are collectively taking 196 A321neos, plus 82 A320neos and 14 A319neos. Airbus also recorded 39 A321neo orders from LATAM, ...