All articles by Graham Dunn – Page 10
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News
Air France-KLM eyes €2bn improvement in operating profit by 2028
Air France-KLM is targeting a €2 billion ($2.2 billion) improvement in operating profitability over the next five years as it today sets out new long-term objectives.
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News
Turkish Airlines transfers five Boeing 737s to AJet to support permit process
Turkish Airlines will transfer ownership of five of its Boeing 737-800s to its soon-to-be spun out low-cost operation AJet to support its application to secure its own operating permits.
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News
Loss-making SpiceJet aims to raise $270m through a new share issue
Indian low-cost carrier SpiceJet has outlined plans for a new share issue after almost halving losses for the three months ended 30 September 2023, the second quarter of its financial year.
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News
Air Astana operating profit up 11% after first nine months
Operating profits at Kazakh carrier Air Astana Group are running 11% ahead of 2022 levels after the first nine months of the year, on the back of revenue that is up one-fifth.
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News
Swiss commercial chief to head up Lufthansa Group customer satisfaction drive
Swiss chief commercial officer Tamu Goudarzi Pour is to take responsibility for customer experience within the Lufthansa Group and lead a new initiative aimed at improving customer satisfaction next year.
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News
KLM names new finance chief
Netherlands carrier KLM will promote Bas Brouns to chief financial officer and managing director in April in succession to Erik Swelheim.
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Airline Business
Why airline industry focus is on the margins of profitability
Confirmation from IATA that the airline industry will return to collective profitability this year and that passenger volumes will shortly surpass pre-Covid levels is an indication that the sector has finally normalised.
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Airline Business
Walsh takes heart from united front in countering Schiphol capacity cuts
IATA director general Willie Walsh believes other governments will take note of the legal processes to follow after the Dutch government was forced to drop a plan to cut capacity at Amsterdam Schiphol airport amid mounting pressure. The Dutch government had last summer proposed cutting flight capacity at Schiphol – ...
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News
Airlines set for record passenger numbers and revenues in 2024
After several years of lost growth resulting from the Covid pandemic, airlines will finally surpass 2019 passenger traffic levels next year IATA projects in its latest outlook.
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News
IATA raises 2023 profit expectations for airlines to $23bn and sees small rise for 2024
IATA expects the airline industry to post a collective net profit of $23.3 billion for 2023, more than doubling its expectations from six months ago.
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News
UK mulls raising slot usage rules as part of wide-ranging consultation
Raising the existing 80:20 slot usage rates, greater transparency of slot-allocation decisions, creating a central platform for secondary slot trading and limiting the length of slot leases are among a number of topics under consideration as part of a wide-ranging UK government consultation.
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News
Air Malta successor carrier set for bookings launch after securing AOC
Planned new national carrier KM Malta Airlines is to set to open for bookings on 4 December after securing its air operator’s certificate.
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News
Volotea commercial chief Gonzalez takes on newly created general manager role
European low-cost carrier Volotea has appointed chief commercial officer David Gonzalez to the newly created role of general manager, where he will co-ordinate the company’s global commercial, strategic, operational and cost control activities.
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News
Italy and Lufthansa formally notify Commission over ITA deal
Lufthansa Group and the Italian government have formally notified the European Commission over a deal for the German carrier to take a minority stake in ITA Airways.
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News
Lufthansa drops plan to sell stake in MRO unit
Lufthansa Group has dropped plans to divest a partial stake in its engineering unit Lufthansa Technik after unveiling a new long-term growth plan for the division.
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News
Etihad to deploy A380s on New York JFK route next summer
Gulf carrier Etihad Airways is return the Airbus A380 to one of its Abu Dhabi-New York rotations next summer, marking its restoration of services with the ultra-large jet on a second route.
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News
EasyJet reaches new long-term base deal with Gatwick
UK low-cost carrier EasyJet has struck a new long-term deal at its biggest base London Gatwick airport.
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News
Booking patterns recovering after Middle East impact: EasyJet
EasyJet is reporting a similar upturn after a six-week hit on demand for bookings from the impact of the Israel-Palestine conflict as it saw following Russia’s invasion of Ukraine last year.
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News
De Oliveira to step down as ACI World chief at end of 2024
Luis Felipe de Oliveira is to step down as director general of Airports Council International (ACI) World at the end of next year.
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News
EasyJet sees Gaza conflict limiting progress in cutting Q1 losses, but projects positive year ahead
EasyJet says the impact on travel demand from conflict in the Middle East means it does not expect to improve on first-quarter losses covering the three months ending December 2023, but is projecting a “positive outlook” for its full financial year.