News from FlightGlobal – Page 73
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NewsLATAM Airlines Group lifts outlook after third-quarter profit rises to $301m
LATAM Airlines Group profit during the third quarter of 2024 rose to $301 million as the company managed to hold costs in check and profited from greater demand for air travel.
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NewsTravel demand pushes Emirates to record half-year pre-tax profit
Middle Eastern carrier Emirates is citing strong travel demand as it turns in a 2% rise in half-year pre-tax profit to a record Dhs9.7 billion ($2.6 billion). Emirates posted a net profit of Dhs8.7 billion, after it generated a 5% increase in revenues to Dhs62.2 billion for the six months ...
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NewsRiyadh Air plots new widebody aircraft order
New Saudi Arabian national carrier Riyadh Air aims to make a decision in the first half of next year on a further widebody aircraft order, as it ponders a deal for either Airbus A350-1000s or Boeing 777X jets.
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NewsFormer Spirit Airlines CEO and ULCC pioneer Ben Baldanza dies at 62
Ben Baldanza, who worked four decades in the US airline industry and helped create the ultra-low-cost model as former chief executive of Spirit Airlines, died on 5 November at age 62 after battling amyotrophic lateral sclerosis (ALS).
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NewsWizz Air loses legal challenge over pandemic-related aid to Tarom
Central European budget airline Wizz Air has lost a legal challenge over a capital injection for Romanian flag-carrier Tarom. The European Union’s General Court has ruled that the financial package, nearly €2 million ($2.1 million), is compatible with state aid regulations. Tarom was granted the support as compensation for damage ...
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NewsFlybondi to wet-lease two Boeing 737s from AlbaStar
Argentine ultra-low-cost carrier FlyBondi has entered into its first wet-leasing agreement with the Spanish airline AlbaStar.
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NewsKorean Air sees 19% profit jump amid cargo, passenger revenue boost
Korean Air significantly bettered its quarterly profit after “successful” passenger capacity expansion, with its cargo operations again providing a significant boost to its earnings.
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NewsRise Air to be Canada’s launch customer for ATR 72-600
Canadian regional operator Rise Air will be the country’s launch customer for the ATR 72-600, after it placed a firm order for one aircraft to be delivered in 2025.
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NewsTurkish keeps AJet capacity flat amid punctuality drive and aircraft shortage
Turkish Airlines will keep growth in check at newly spun-out low-cost unit AJet amid ongoing aircraft availability challenges, after cutting capacity by 5% in the third quarter to help improve the carrer’s on-time performance.
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NewsFraport calls on German politicians to lower fees in Frankfurt as passenger numbers stall
Airport operator Fraport says costs at its flagship airport in Frankfurt are hindering growth and preventing the facility from returning to its pre-Covid-19 passenger figures.
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NewsCourt stays controversial Dublin capacity cap pending EU consideration
Ireland’s High Court has granted a stay over the controversial passenger cap at Dublin which would have resulted in slot restrictions for summer 2025. The restriction is a consequence of planning conditions imposed in 2007 which limit annual passenger numbers at the airport’s two terminals to 32 million. Ireland’s aviation ...
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NewsEthiopian Airlines receives first of four A350-1000s
Ethiopian Airlines has taken delivery of its first Airbus A350-1000, the initial example of the largest family member on the African continent. The airline is to receive three more -1000s along with another 11 A350-900s. Ethiopian, which has 21 A350s in its fleet, converted four previous -900 orders to the ...
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NewsTurkish Airlines’ profit slips in third quarter despite cargo strength
Turkish Airlines’ profits slipped amid higher costs in the third quarter, a period in which strong cargo performance helped offset flat passenger revenue.
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NewsSouthwest appoints Rakesh Gangwal as board chair
Southwest Airlines on 4 November disclosed the appointment of Rakesh Gangwal as independent chair of the company’s board of directors, filling the role left vacant by former executive chairman Gary Kelly.
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NewsInvestment firm to acquire air cargo company ATSG for $3.1 billion
New York investment firm Stonepeak has signed an agreement to acquire US air cargo and aircraft leasing company Air Transport Services Group (ATSG) for $3.1 billion under a deal that would make ATSG a private company.
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NewsRyanair still expects first Max 10s in first half of 2027
While Ryanair has factored in continued delays to its incoming Boeing 737 Max 8-200s, the European low-cost carrier still believes the airframer is will be able to certify the Max 10 version in time to meet deliveries in the first half of 2027.
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NewsRyanair lowers 2026 passenger target on Boeing delivery delays
Ryanair has lowered its 2026 financial year passenger target by 5 million, to 210 million, amid continued Boeing 737 Max delivery delays, after today disclosing a 6% fall in second-quarter net profit to €1.43 billion ($1.55 billion).
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NewsSIA to upgrade business class across long-haul A350 fleet
Singapore Airlines has announced a major cabin retrofit programme for 41 Airbus A350-900s centred on a new business class seat.
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NewsChina Eastern takes delivery of first A321neos
China Eastern Airlines has taken delivery of its first pair of Airbus A321neos.
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NewsEl Al withdraws offer to invest in finance firm Isracard
Israeli flag-carrier El Al has withdrawn its preliminary offer to invest in credit-card and financial services firm Isracard, citing time constraints. The airline had disclosed a non-binding offer in mid-October to take a 45% shareholding in Isracard, through a private placement. But El Al states that Isracard set a “short ...