All articles by Graham Dunn – Page 19
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Airline BusinessEasyJet banks on basics in push for new profit heights
Aircraft upgauging, reducing winter losses and boosting profits from its holiday business are key parts to EasyJet’s plan to lift full-year pre-tax profitability to more than £1 billion annually
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NewsStrong demand helps Delta lift third-quarter net profit to $1.1bn
Delta Air Lines’ net profits climbed 59% to over $1.1 billion in the third quarter, as revenues jumped 11% on continued strong demand.
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NewsAerolineas Argentinas to upgrade Embraer fleet with E195-E2s
Aerolineas Argentinas is to take a dozen Embraer 195-E2 regional jets to upgrade its existing fleet of smaller E190 aircraft.
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NewsEasyJet outlines £1bn profit target after strong summer confirms return to the black
Carrier expects to post a pre-tax profit in the range of £440-460 million ($541-566 million) for the 12 months ending 30 September 2023, driven by a record headline profit over the second half of its financial year.
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NewsEasyJet agrees deal with Airbus on planned order for up to 257 A320neo-family jets
UK low-cost carrier EasyJet has reached an agreement with Airbus to order a further 157 A320neo-family jets and take purchase rights on 100 more.
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Airline BusinessTop 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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NewsTAAG 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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NewsLoganair 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 BusinessEuropean 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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NewsRiyadh 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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NewsMalta 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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NewsSouth 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 BusinessRiyadh 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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NewsRyanair 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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NewsGovernment 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 BusinessPegasus 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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NewsWizz 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 BusinessAirline 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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NewsPortugal 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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NewsWizz 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.