All articles by Graham Dunn – Page 11
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NewsCMA CGM adds two more 777Fs for transpacific launch and will take eight A350s
French logistics specialist CMA CGM is adding two more Boeing 777-200 freighters in summer as it begins transpacific routes this year, part of growth plans which include taking delivery of four additional Airbus A350 freighters.
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NewsLufthansa cuts full-year guidance as strikes prompt first quarter losses to deepen
Lufthansa Group has lowered its profits outlook for the full-year after disclosing a deeper than expected adjusted EBIT loss of €849 million ($903 million) for the first quarter amid strike disruption.
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NewsAir Astana strikes partnership pact with Italy’s Neos
Kazakhstan carrier Air Astana has agreed a partnership deal with Italian leisure carrier Neos, including a codeshare and service co-operation on Boeing 787 flights next year.
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NewsWizz invests in sewage solution as it sets 10% SAF goal
European low-cost carrier Wizz Air has struck a long-term deal with UK firm Firefly Green Fuels to source sustainable aviation fuel (SAF) made from sewage sludge, part of measures it hopes will enable it to achieve its newly set SAF usage targets.
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Airline BusinessDelta’s Bastian upbeat on demand amid ‘most-constructive backdrop of my career’
Delta Air Lines chief executive Ed Bastian painted a positive demand picture after reiterating the airline’s full-year guidance today, describing the environment as “maybe the most-constructive backdrop” during his career.
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NewsDelta sees MRO unit supporting normalised retirement cycle and third-party opportunity
Delta Air Lines executives flag the role that its MRO business has played in ensuring the reliability of older aircraft in its own fleet, but note the focus will start to switch toward managing aircraft retirements and developing third party business.
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NewsDelta ‘cautiously optimistic’ about Aeromexico joint-venture ruling
Delta Air Lines is in talks with regulators to secure a “less-punitive” ruling after the US Department of Transportation’s (DOT) tentative order requiring it to end a joint venture with SkyTeam partner Aeromexico.
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NewsDelta posts profitable start to the year
Delta Air Lines posted a profit over the opening three months of the year on a non-adjusted basis for the first time since the pandemic.
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NewsGovernment launches Pakistan International Airlines privatisation tender
Pakistan has formally launched the tender for a majority stake in its national carrier, seeking expressions of interest from potential bidders by 3 May.
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Airline BusinessTurkish Airlines sees growth sustaining with long-haul, cargo and AJet
While inflationary, geopolitical and aircraft availability issues continue to cloud the horizon, Turkish Airlines is still aiming to increase passenger capacity by 10% this year.
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NewsTurkish Airlines still in talks with Boeing about aircraft order
Turkish Airlines remains in talks to finalise the Boeing portion of a major planned order aimed at supporting its long-term growth plan.
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NewsSurging passenger revenue helps Turkish Airlines continue strong profit run
Turkish Airlines continued its strong profit run since the pandemic, as double-digit increases in passengers and revenue pushed it to a full-year 2023 operating profit of almost $2.9 billion.
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NewsVirgin Atlantic ‘on course’ for profit return in 2024 after narrowing full-year loss
Virgin Atlantic chief executive Shai Weiss sees the UK carrier returning to profit this year after narrowing its pre-tax loss before exceptional items to £139 million ($175 million) in 2023.
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NewsRyanair hits revised passenger target for 2023-24 financial year
Ryanair booked 183.7 million passengers in its financial year ending 31 March 2024, in line with guidance it revised downwards after delays last year in deliveries of Boeing 737 Max jets.
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NewsIcelandair firms expectations for improved profits in 2024
Icelandair expects its EBIT profit margin to increase to between 2-4% this year on revenues rising to $1.6 billion after firming its financial guidance for 2024.
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NewsAvion Express completes financial restructuring
Wet-lease specialist Avion Express has completed a corporate financial restructuring undertaken after the pandemic hit.
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NewsLufthansa seals labour deal with ground staff
Lufthansa has struck a new labour deal covering ground staff represented by German trade union Verdi, ending a deadlock which had resulted in disuption to the carrier’s services earlier this yer.
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NewsAcquisition targets ITA Airways and TAP Air Portugal flag improved results
European acquisition targets ITA Airways and TAP Air Portugal both flagged improved financial results for 2023, as the Italian carrier reached break-even a year earlier than budgeted and the Portuguese airline posted record profits.
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NewsKenya Airways posts first annual operating profit for seven years
Kenya Airways posted its first operating profit for seven years in 2023 off the back of increased passenger numbers, although heavy currency exchange impact kept it loss-making at an overall level.
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NewsEuropean regulator flags competition concerns over Lufthansa-ITA deal
European regulators cite some short-haul routes to central Europe, long-haul routes to North America and Japan and ITA Airways’ strong position at Milan Linate airport as key areas that could restrict competition if Lufthansa completes a deal to acquire a stake in the Italian carrier.