All articles by Graham Dunn – Page 13
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Airline Business
Top 100 airline group financial rankings 2022
Robust revenues as passenger markets reopened enabled many of the world’s leading airlines to restore profitability in 2022 – but the scars of the pandemic were still evident. FlightGlobal’s analysis of the airline industry financial performance in 2022 based on the top 100 airline groups by revenue.
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News
TAAG Angola orders four Boeing 787s to renew fleet
Existing Boeing widebody operator TAAG Angola Airlines is renewing its fleet with an order for four 787s from the US manufacturer.
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Loganair owners halt moves to sell carrier
Scottish regional carrier Loganair’s shareholders Stephen and Peter Bond are to remain as owners of the company “for the foreseeable future”, a year after detailing plans to look to sell their stake.
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Airline Business
European consolidation wave spreads north with Air France-KLM move for SAS
Consolidation within Europe post-pandemic has largely focused on opportunities for the big three airline groups to bolster their presence in the south of the continent.
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News
Riyadh Air eyes key partnerships ahead of launch
Ambitious Saudi Arabian start-up Riyadh Air is likely to announce a number of key airline partnerships ahead of its planned launch in 2025.
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Malta puts hopes on higher load factors and profitable routes for successor carrier
Malta’s government believes an eight-strong fleet together with a right-sized network and staff levels will enable its planned successor carrier to Air Malta to be profitable.
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South African government challenges deadline for decision on Mango sale
South Africa’s public enterprises ministry is seeking to appeal a court decision last month requiring it to decide within 30 days on a proposed sale of low-cost carrier Mango Airlines.
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Airline Business
Riyadh Air closing in on narrowbody order as Douglas continues groundwork
Riyadh Air is set to place its expected narrowbody aircraft order “in the coming months” as Tony Douglas, chief executive of the ambitious Saudi Arabian start-up, continues to plot the national carrier’s launch path.
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News
Ryanair sees strong September traffic but delivery delays prompt winter cuts
European low-cost carrier Ryanair lifted passenger numbers 9% to 17.4 million in September with load factors unchanged at 94%.
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Government to launch successor carrier to Air Malta in March 2024
Malta’s government has announced plans to launch a successor carrier to Air Malta from 31 March 2024 following talks with European Commission regulators.
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Airline Business
Pegasus plots continued growth as it prepares to pass 100-aircraft milestone
Low-cost carrier Pegasus Airlines is about to take delivery of its 100th aircraft. The passing of the landmark is not only illustrative of how far it has come since launching scheduled services in 2005, but of the rapid growth seen in the Turkish market – both before and since the pandemic. Now the challenge it is to continue this expansion.
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News
Wizz progressing moves towards Saudi joint venture
Wizz Air has selected a partner and is in the process of an application to establish a joint-venture carrier in Saudi Arabia as the central European budget operator continues to develop its presence in the Middle East.
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Airline Business
Airline optimism high as demand trumps fuel cost concerns
Anyone looking for a sense of the mood of the market from airline industry executives during this week’s World Aviation Festival in Lisbon would have found plenty of optimism, particularly at one of the industry’s biggest carriers.
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News
Portugal clears path for TAP sale with new decree
Portugal’s Council of Ministers has approved a decree to formally launch the re-privatisation of TAP Air Portugal under which it plans to sell at least a 51% stake in the national carrier.
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News
Wizz working to mitigate capacity impact from P&W engine repairs
Central European budget carrier Wizz Air is working to minimise the impact of the technical issue affecting Pratt & Whitney PW1100G engines that will limit its planned capacity growth during the second half of the 2023-24 fiscal year.
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News
TAP chief upbeat as Portugal set to approve privatisation plan
TAP Air Portugal chief executive Luis Rodrigues is hopeful of completing privatisation of the carrier within the next year as Portugal’s government is expected tomorrow to back a decree covering its planned sale process.
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UK competition regulator broadly backs CAA decision over Heathrow charges
The UK's competition regulator has largely backed the position of the Civil Aviation Authority (CAA) in its initial ruling on appeals by airlines and Heathrow Airport into pricing controls set at the London hub through to 2026.
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News
Aegean Airlines eyes full-year profits high after strong second quarter
Greek carrier Aegean Airlines expects to post record full-year profits for 2023 after disclosing pre-tax earnings for the second quarter of €67.3 million ($72.2 million).
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News
Norse Atlantic to add Paris-Los Angeles flights
Scandinavian long-haul, low-cost carrier Norse Atlantic Airways is to launch flights from Paris Charles de Gaulle to Los Angeles – its third US destination from the French capital.
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News
Lufthansa plots growth for rebranded leisure unit Discover Airlines
Lufthansa Group has dropped the Eurowings name from its newest leisure unit as part of a rebranding which will support Discover Airlines’ growth with six more aircraft over the coming year and expansion at Munich airport.