News from FlightGlobal – Page 317
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NewsSpirit Airlines doubles revenue in Q1, saw ‘dramatic improvement’
Spirit Airlines doubled sales in the first quarter as demand trends showed a “dramatic improvement” in the later part of the period.
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NewsAllegiant experiences ‘busiest and best Spring ever’
Allegiant Travel Company, the parent of Allegiant Air, expects “substantial opportunities” to propel its earnings during 2022 as it experienced the “busiest and best Spring ever”.
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NewsPent-up demand for air travel ‘finally being realised’ but IATA warns on airport delays
Demand for air travel continued its recovery in March this year, according to IATA, despite the war in Ukraine and China’s restrictive Covid-19 policies.
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NewsPobeda granted clearance to open Iranian service
Aeroflot Group’s budget carrier Pobeda has obtained permission to operate services to Iran from Russia’s civil aviation regulator. Pobeda will be permitted to fly twice-weekly between Moscow and Tehran, according to the decision disclosed by federal air transport authority Rosaviatsia. All Pobeda flights are conducted with a fleet of Boeing ...
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NewsAeroflot Group board supports increasing company’s share capital
Aeroflot Group’s board has backed a proposal to raise the authorised capital of the company, increasing it by 5.42 billion shares. Source: Aeroflot The 11-member board supported the proposal – with 10 in favour and one abstention – during a meeting on 29 April. Aeroflot Group’s authorised ...
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NewsChina’s Loong spearheads Airbus evidence-based pilot training drive
Chinese carrier Loong Air has become the first to sign for a new Airbus pilot-training scheme, whereby airlines use operational and training data to tailor and adapt the programme. The evidence-based training initiative extends the competency-based training and assessment product already offered by the airframer. Chinese carriers, says Airbus, are ...
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NewsApril traffic marks Ryanair’s busiest month since August 2019
Ryanair underlined the strength of its recovery in activity by carrying 14.2 million passengers and reporting load factors of over 90% in April, marking the low-cost carrier’s busiest month since August 2019.
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NewsHainan makes leap back to profitability in 2021
Hainan Airlines swung back to profitability in 2021, but began the new year in the red as China’s pandemic-related curbs impacted travel demand.
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NewsDelta, Rex to form interlining partnership
Delta Air Lines and Australia’s Regional Express (Rex) have signed a letter of intent (LOI) for an interlining arrangement.
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NewsAir cargo market told to brace for ‘growing challenges’ as demand falls
Demand for air cargo fell in March, according to data released by IATA on 3 May, as factors including China’s ‘zero-Covid’ policies and the Russia-Ukraine war weighed on demand and threatened to become longer-term hindrances.
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NewsAvolon records $300m impairment over unretrieved fleet in Russia
Irish-based lessor Avolon has recorded an impairment of over $300 million against aircraft still left with Russian operators, following the imposition of sanctions over the Ukraine conflict. Avolon had previously disclosed that 10 of its owned aircraft were still located in Russia. It says the $304 million impairment reduces the ...
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NewsAir Baltic leases jets including Ukraine International 737 amid lack of A220 spares
Global supply chain issues mean Air Baltic is looking to airlines including Ukraine International Airlines for short-term leased capacity as maintenance schedules for its own jets are extended.
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NewsSpirit confirms it rejected JetBlue’s offer due to anti-trust concern
Spirit Airlines confirms it declined JetBlue Airways’ takeover bid due to concern that the proposed merger would not receive Department of Justice (DOJ) anti-trust clearance.
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NewsSpirit board rejects acquisition by JetBlue, moves ahead with Frontier combination
Spirit Airlines has rejected an acquisition proposal from JetBlue Airways, saying its board of directors favours a competing proposal under which Frontier Airlines would acquire the budget carrier.
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NewsQantas enjoys strong domestic, international rebound
Qantas Group is enjoying a rebound as the coronavirus pandemic abates, with both domestic and international travel demand picking up strongly.
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NewsQantas to launch Project Sunrise flights in 2025 as airline locks in A350 orders
Qantas has confirmed its order for 12 Airbus A350-1000s for its ultra-long-haul Project Sunrise initiative, with the first flights from Sydney to New York and London slated for a late-2025 launch.
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NewsChina’s ‘Big Three’ widen Q1 losses as Covid-19 battle rages on
China’s three largest carriers plunged deeper in the red, as a surge in coronavirus infections comes to head with the country’s strict ‘Zero-Covid’ strategy.
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NewsUS regional airline Tailwind adds seaplane flights to Provincetown
US floatplane operator Tailwind Air is expanding this summer with seasonal flights from Boston Harbor to Provincetown on Cape Cod.
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NewsAvelo may expand eastern US network to Wilkes-Barre/Scranton
Avelo Airlines may expand its eastern US network to include Wilkes-Barre/Scranton iInternational airport, about 115 miles (xxxkm) north of Philadelphia.
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NewsLatin carriers Avianca and Viva strike joint ownership deal
Owners of Avianca and the low-cost operator Viva have struck a deal to to form a joint holding company in a move to provide greater financial stability for the Latin American carriers post-pandemic.