All news – Page 406
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News
Turkish Airlines boosts first half profits on strong passenger returns
A strong second quarter helped Turkish Airlines post an operating profit of $786 million for the first half of the year on a near doubling in revenues compared with the same period last year.
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Chinese carriers resume London flights after UK, China lift pandemic ban
China’s three largest carriers are to resume direct scheduled flights between the UK and China, following the easing of an operational ban imposed at the height of the coronavirus pandemic.
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Cathay ‘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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El 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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News
Airbus 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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Emirates 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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Siberia’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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News
Profitable 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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Bangkok 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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Hit 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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Archer completes preliminary design review of four-seat ‘Midnight’
Electric vertical take-off and landing (eVTOL) aircraft developer Archer Aviation has published an image of its piloted four-seat production aircraft, which it’s named “Midnight”.
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Ukraine claims numerous Russian aircraft destroyed in Crimea airbase explosions
Ukrainian military authorities say that some 10 aircraft were destroyed in the recent explosions at a Russian-controlled airbase, but stopped short of claiming responsibility.
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Spirit 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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LATAM 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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Joby expands military partnership in eVTOL development
The California developer of electric vertical take-off and landing (eVTOL) aircraft says a modification to its existing contract under the US Air Force’s Agility Prime programme is worth $45 million.
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Boeing 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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United 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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Beta ALIA becomes latest eVTOL to secure Bristow custom
Helicopter operator Bristow Group is ordering up to 55 eVTOL aircraft, further cementing its venture into the emerging electric aviation sector. The company has signed for US firm Beta Technologies’ ALIA-250 which will be capable of accommodating a pilot and five passengers. Bristow’s agreement for five firm and 50 optioned ...
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Analysis
Retrofit momentum continues as older aircraft re-energised with new power
Deals disclosed at recent Farnborough air show underline continued interest in transplanting new powertrains into existing airframes as a fast and affordable way to cut emissions and reduce maintenance costs.
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TUI 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 ...