All Airlines articles – Page 220
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Airline BusinessEU sanctions against Russia will hit lessors hardest, but other aerospace players also impacted
Neither Airbus nor Boeing has significant backlog exposure to the Russian market, but the leasing industry appears harder hit by the sanctions imposed by the European Union against Moscow in the wake of its invasion of the Ukraine.
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NewsCargo and strong second half help Etihad cut losses in 2021
Etihad Airways cut its full-year core operating loss to $476 million for 2021, aided by improved passenger demand in the second half and record cargo revenues.
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NewsCapital A upbeat despite aviation revenue dive in 2021
The aviation business of Malaysia’s Capital A – formerly the AirAsia Group – saw aviation revenue plummet by two thirds in a brutal 2021 financial year. For the year ended 31 December 2021, the group’s aviation business posted revenues of MYR997 million, down 65% from 2020, according to its full-year ...
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NewsThai narrows 2021 operating losses amid revenue plunge
Thai Airways narrowed its operating losses in 2021, while revenue declined sharply from 2020.
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NewsUkraine, energy prices will add to region’s travel challenges: AAPA
The Association of Asia Pacific Airlines (AAPA) warns that the Ukraine crisis and higher fuel costs will hurt the region’s airlines, which are still struggling with travel restrictions.
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NewsJetlines’ first aircraft arrives in Canada as launch timeline slips
Canada Jetlines’ first aircraft has arrived in Canada, as the company’s timeline to launch revenue flights slips to mid-2022.
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NewsEU proposes comprehensive ban on Russian commercial and business flights
European airspace is to be completely closed to Russian aircraft, under a new package of sanctions developed to respond to the conflict in Ukraine. The European Commission president, Ursula von der Leyen, has unveiled the proposal for the complete prohibitions of aircraft registered, owned or controlled by Russian entities. “We ...
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NewsUS, Mexican regulators make ‘significant’ safety progress: Volaris CEO
Mexican ultra-low-cost carrier Volaris expects the Federal Aviation Administration will restore Mexico’s aviation safety rating in the second half of 2022 as it seeks to expand between the USA and Mexico – the backbone of its business.
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NewsDelta withdraws codeshare with Aeroflot
Delta Air Lines has cut ties with its alliance partner Aeroflot after the Russian military invaded Ukraine earlier this week
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NewsRussian air transport authority retaliates with ‘mirror’ ban on UK flights
Russian authorities have imposed an airspace ban on UK-operated aircraft, including transit flights, following the UK government’s prohibition on Russian carriers in response to military action in Ukraine. The ban on aircraft owned, leased or operated by UK entities took effect at 11:00 Moscow time on 25 February. Russian federal ...
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NewsBangkok Airways sees revenues dive in dismal 2021
Bangkok Airways suffered more losses in 2021, as the coronavirus impact continued to depress Thailand’s tourism market.
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NewsAustralia’s Rex sees revenue decline, swings to pre-tax loss
Australian carrier Regional Express (Rex) swung to pre-tax loss in the first half of its 2022 financial year, as revenue also declined.
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NewsSouth Korea’s T’way joins widebody club with A330 arrival
South Korean low-cost carrier T’way Air has introduced its first Airbus A330-300, adding to its fleet 27 Boeing 737-800s.
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NewsMexico’s Volaris credits Q4 revenue rise to ‘disciplined growth’
Volaris says its ”disciplined growth strategy” through the changing demand environment during the fourth quarter helped it achieve a 43% rise in total revenue over the same period in pre-pandemic 2019.
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NewsFAA bans US aviation interests from flying over Ukraine, Belarus and western Russia
The Federal Aviation Administration has banned US aviation interests from flying over Ukraine, Belarus and parts of western Russia after Russia invaded Ukraine in an attack overnight.
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NewsAlex Cruz joins WestJet’s board of directors
Canada’s WestJet has appointed ex-British Airways chief executive Alex Cruz to its board of directors.
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NewsAzul posts record Q4 revenue on domestic recovery and cargo boom
Brazil’s Azul achieved record revenue during the fourth quarter of 2021 as it continued to build out its domestic passenger and cargo operations.
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NewsUK bans Aeroflot as part of sanctions response to Ukraine invasion
Russian carrier Aeroflot has been banned from UK airpace as part of measures disclosed by the country’s prime minister Boris Johnson today in response to the invasion in Ukraine.
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Airline BusinessAtlanta leads US airport passenger traffic revival in 2021, but wider picture still mixed
Few metrics reflect the unevenness and ongoing challenges the pandemic has continued to present the sector more evidently than airport passenger numbers.
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NewsSingapore Airlines posts first quarterly profit since pandemic
Singapore Airlines Group posted a net profit of S$85 million ($63 million) for the three months ending December 2021, as the opening of international travel lanes during the quarter helped it out of the red for the first time since the pandemic.