All Europe articles – Page 266
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Airline BusinessAirline coronavirus recovery tracker: November 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsGerman carrier Sundair in restructuring under ‘protective shield’
Sundair has launched a restructuring process under a ‘protective shield’ procedure that enables the German leisure airline to continue operations. It tells Cirium that the process, enshrined in German legislation, is not an insolvency procedure, but rather applies to companies that “recognise business problems at an early stage” and have ...
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NewsWhat messages do BA and EasyJet chiefs have for Greta Thunberg?
Sustainability was firmly establishing itself as the airline industry’s greatest long-term challenge before the coronavirus pandemic hit.
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NewsStobart bids for fresh Aer Lingus deal to speed regional airline sale
Stobart Group has entered a tender to secure a long-term flying agreement with Aer Lingus beyond 2022 as part of its effort to dispose of regional carrier Stobart Air before the end of March 2021.
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News747 exit boosts sustainability effort: British Airways chief
British Airways’ decision to retire its fleet of Boeing 747s will accelerate the airline’s sustainability efforts, according to recently appointed chief executive Sean Doyle.
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NewsKLM clears path to bailout with union deals
KLM has reached an agreement with the FNV Cabine, FNV Luchtvaart and VNV unions – representing flight attendants, ground personnel and pilots – clearing the Dutch carrier to receive €3.4 billion ($4 billion) in government loans and guarantees.
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NewsSpain agrees €475m Air Europa aid package
Spain’s cabinet has agreed a €475 million ($552 million) support package for Air Europa, the first funding delivered under a wider scheme established by the government in July. The funds have been released as part of a €10 billion solvency support fund for strategic companies set aside by the Spanish ...
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NewsShift to domestic markets helps Volotea limit crisis impact on traffic
European carrier Volotea is crediting a shift of its network strategy to focus on domestic flights for a July-September traffic performance in which declines in passenger levels were kept to less than a quarter. Volotea says it handled 2.4 million passengers in the third quarter, down only 23% on the ...
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NewsRyanair and Wizz traffic down 70% in October
Traffic data released this morning from European low-cost carriers Ryanair and Wizz Air for October shows passenger levels running 70% down on prior-year levels as travel restrictions across Europe took further hold.
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NewsLast Avro RJ leaves CityJet fleet
Irish wet-lease operator CityJet has withdrawn the last of its BAE Systems Avro RJ85 regional jets, ending a 27-year association with the type and its predecessor, the BAe146. The operator’s final RJ85, registration EI-RJF, left Dublin on 2 November bound for Reykjavik. The aircraft was en-route to the USA where ...
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NewsRyanair’s O’Leary plots aggressive post-Covid strategy
Ryanair will exit the coronavirus crisis leaner, more competitive and ready for expansion, group chief executive Michael O’Leary has vowed. The low-cost carrier is using the crisis to “rapidly restructure our cost base”, he explained during a 2 November half-year results call. All of the major expense items – wages, ...
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Airline BusinessIstanbul airport chief on guiding a new hub through the Covid crisis
The chief executive of Istanbul’s nascent hub describes how the coronavirus crisis hit the business just after a huge capital investment – and how he plans to ensure it emerges from the downturn as a strong global player
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NewsCapacity concerns forgotten as embattled Berlin Brandenburg finally opens
One of the ironies of Berlin Brandenburg airport’s much-delayed opening is that the onset of the air transport crisis has brought an excess of capacity to a hub which, at one point, was thought to have a shortage. Combined passenger numbers for Tegel and Schoenefeld airport for the first eight ...
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NewsKLM pilots outline concerns after government freezes rescue loan
KLM pilots have requested talks with the Dutch finance ministry after the government suspended a rescue loan to the airline over its failure to meet the attached labour conditions. Pilot union VNV had held off from signing a commitment clause intended to ensure that labour agreements could be extended for ...
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NewsRyanair looks beyond hard winter towards 737 Max arrival
Ryanair envisions taking delivery of 30 Boeing 737 Max jets before the peak of summer 2021, but is expecting to face heavy losses over the upcoming winter season. It is not prepared to forecast full-year performance but states that it is expecting “higher losses” over the second half to 31 ...
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NewsKLM urges pilots to sign crucial pact necessary to secure ‘survival’ loan
KLM has urged pilot and cabin crew representatives to join other unions in committing to labour contributions, in order to secure a €3.4 billion ($4 billion) state-backed loan. The Dutch carrier says the cockpit union VNV has not signed a commitment clause, while the FNV union – representing cabin and ...
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NewsVueling pursues better maintenance control via ‘big bang’ project
Spanish budget carrier Vueling is in the process of constructing a spare-parts warehouse at its Barcelona hub as part of a wider project to insource critical maintenance management activities.
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NewsDomestic demand bolsters Aeroflot revenue
Russian carrier Aeroflot saw quarter-on-quarter rises in passenger demand and revenue during the three months ended 30 September, underpinned by strong domestic demand. Although third-quarter revenue was down 67% on last year’s, at Rb55.2 billion ($695 million), the carrier notes that load factors and yields were at “comparable levels”. Still, ...
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NewsLosses prompt IAG review of fuel hedging
IAG is examining its policy of taking out fuel hedges following massive losses from the financial instruments.
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NewsRomanian budget carrier Blue Air to add Heathrow and Frankfurt
Romanian low-cost carrier Blue Air is to switch its London flights to Heathrow from December and launch Frankfurt services next summer as it bids to challenge network carriers in their hubs. Blue AIr has served London Luton airport since 2012, but will begin Bucharest to Heathrow flights from the start ...