All Europe news – Page 265
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NewsIAG Cargo sees large revenue gain after responding to freight crisis
IAG’s cargo arm has seen a surge in revenue and yield after quickly responding to the changing market conditions brought on by the coronavirus pandemic.
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NewsBA axes A318 premium service that took over Concorde flight number
British Airways is to axe its premium Airbus A318 transatlantic service from London City to New York JFK, as part of its re-organisation to deal with the air transport crisis. The operation had already been halved to a single aircraft, after BA transferred the other A318 used on the route ...
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NewsDemand stays strong for ‘preighter’ passenger-freighter operations
The rapid introduction of passenger aircraft in the dedicated freighter role has been a key development during the coronavirus pandemic – one cargo experts see as continuing.
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NewsIAG to maintain Level’s Barcelona arm after crisis-driven retreat
IAG is to maintain its Level operation out of Barcelona, having retreated from its expansion of the budget brand in other parts of Europe. The parent company indicates that it is cutting back Level’s long-haul fleet of seven Airbus A330-200s to just two aircraft. Level had four A330s deployed in ...
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NewsEurocontrol reports flattening in airline traffic recovery curve
Eurocontrol has observed a slowing in the growth rate of flight numbers in Europe since mid-July.
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NewsIAG impairs fleet after BA 747 and Iberia A340 retirements
IAG has taken a €729 million ($863 million) charge in conjunction with a broad fleet impairment covering 61 aircraft, including the withdrawal of British Airways’ Boeing 747-400 fleet and Iberia’s Airbus A340-600s. The exceptional charge deepened IAG’s already-dire operating loss for the first half to just over €4 billion, in ...
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NewsKLM to cut 15% of workforce amid ‘new reality’
Dutch carrier KLM is to cut up to 5,000 full-time positions to “adapt its size to the new reality” created by the coronavirus pandemic.
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NewsIAG names Ferran to succeed Vazquez as chairman
Javier Ferran has been named as the successor to IAG chairman Antonio Vazquez, following unanimous approval by the group’s board of directors. IAG says that Vazquez announced his intention to retire in January 2021 after reaching nine years in office last January, which is the maximum recommended in the UK ...
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NewsQatar Airways on board as IAG proposes €2.75bn capital increase
British Airways and Iberia parent IAG is proposing a €2.75 billion capital increase, to which Qatar Airways – its largest shareholder with 25% – has already agreed to sign up. IAG says the increase would strengthen its balance sheet and liquidity, and reduce financial leverage, given that it does not ...
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NewsAir France-KLM aims to keep medium-term fleet delivery schedule intact
Air France-KLM Group has recorded a €520 million impairment from its early phase-out Airbus A380 operations, and another €72 million from withdrawal of A340s for the second quarter. But it says it intends to keep the schedule of committed fleet deliveries for 2021-25 “as much as possible intact”, and is ...
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NewsAeroflot detects ‘gradual recovery’ in domestic flights
Russian flag carrier Aeroflot slipped to a net loss of Rb26.2 billion ($356 million) in the second quarter, from a profit of Rb2.73 billion a year ago.
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Airline BusinessAirlines left doubting if enough people can, or will, travel in 2020
The industry’s relief at being able to ramp up services as the second half of 2020 began is quickly being replaced by concern that the coronavirus is likely to weigh more heavily on demand than previously thought.
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NewsAirbus expects to set aside up to €1.6bn for restructuring
Airbus has warned that it is likely to require a provision of up to €1.6 billion ($1.9 billion) to account for restructuring once firm agreements are reached with its social partners. The airframer disclosed in June that, in response to the air transport crisis and the scaling-back of commercial aircraft ...
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NewsAirbus impairs inventories ‘at risk’ as stored aircraft level rises
Airbus has recorded a near-€300 million charge for impairment of inventories considered at risk, as stored aircraft continue to push up its inventory level. The airframer reveals in its first-half accounts to 30 June that its inventories stood at €37.5 billion – up by nearly €6 billion on the figure ...
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NewsAirbus trims A350 rates again as crisis becomes ‘visible’ in second quarter
Airbus is trimming A350 production rates, to five aircraft per month from six, in a further adjustment to its output in the face of weak air transport market demand. The airframer has disclosed that some 145 commercial aircraft went undelivered during the first half of this year, as a result ...
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NewsHeathrow issues Covid-19 testing plea as losses mount
London’s Heathrow airport has reiterated calls for the UK government to introduce a Covid-19 testing programme as an alternative to quarantine for arriving passengers.
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NewsWizz Air chief claims ‘this is our time’ as carrier expands network
Wizz Air is taking advantage of the opportunities created by the coronavirus crisis to expand its footprint across eastern and central Europe with new bases and routes.
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NewsS7 temporarily tops Russian passenger carriage table
S7 Airlines has temporarily emerged as Russia’s largest individual operator, the aviation regulator shows, as passenger numbers in the country halved to 27.8 million in the first six months of the year. Federal air transport authority Rosaviatsia states that the number of air passengers travelling in Russia was nearly 52% ...
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NewsAir cargo decline narrows in June but market ‘exceptionally challenging’
Air freight traffic declines showed some signs of improving in June but business remains “exceptionally challenging”, according to the latest IATA market wrap-up.
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NewsParis airports operator sees at least five years before full traffic return
Aeroports de Paris is projecting passenger traffic levels at the French capital will not return to last year’s high until the 2024-27 timeframe.