All articles by Graham Dunn – Page 21
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NewsStrong market recovery helps Titan Airways to post record year
UK charter carrier Titan Airways returned to profit for the 12 months ending March 2023, a year in which it posted record revenues of £187 million ($237 million).
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Airline BusinessSpohr sees Lufthansa ready to leave operational buffer behind in 2024
Lufthansa will step up productivity and efficiency levels next year after a focus on stabilising operations this summer amid continued industry capacity challenges.
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Airline BusinessHow Flyadeal set early pace in Saudi growth story
While the arrival of new entrants is grabbing headlines this year as part of Saudi Arabia’s ambitious plans to create a new global aviation hub and triple passenger numbers by 2030, growth has been part of the story since day one for Flyadeal and its chief executive Con Korfiatis.
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NewsAkasa clears international flight threshold after taking Asia’s first Max 8-200
Ambitious Indian low-cost carrier Akasa Air has become the first Asia-Pacific operator to take delivery of a higher-density 737 Max.
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NewsNordica turns to Knighthood Global for turnaround after revenue falls short
Estonian carrier Nordic Aviation Group has brought in consultancy firm Knighthood Global to carry out a restructuring, in an attempt to turn around losses after supply chain issues hit its revenues amid rising costs.
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Airline BusinessChallenges remain despite Air France-KLM's steady post-pandemic progress
While there remain plenty of pressures and potential pitfalls ahead, a doubling of profits in the second quarter underlined the steady progress Air France-KLM is making in its recovery out of the pandemic.
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NewsAir France-KLM in talks with Apollo over €1.5bn loyalty programme financing
Air France-KLM is in talks with private equity firm Apollo Global Management over a possible €1.5 billion ($1.66 billion) financing of its loyalty programme Flying Blue.
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NewsAir France-KLM doubles profit in second quarter
Air France-KLM doubled operating profits in the second quarter to €733 million ($810 million) on revenues up 14% on the same period last year.
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NewsRestructured Air Seychelles back to profit for first time since 2016
Air Seychelles posted a profit of $8.4 million in 2022 after completing a formal restructuring, marking its first year in the black for six years.
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NewsWizz Air hit with UK enforcement action over disruption payments
Budget carrier Wizz Air has overhauled its commitments and processes for paying passengers when flights are cancelled and delayed after the UK aviation regulator took enforcement action over a high volume of passenger complaints of money still owed.
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Airline BusinessWhy Etihad is bringing Airbus A380s back online
While the move by Etihad Airways to return the Airbus A380 into service for the first time since the pandemic is primarily a way of increasing its capacity options, it also marks a step towards the renewed growth ambitions of the Middle East carrier.
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NewsAir France-KLM seals €500m financing with Apollo for engineering unit
Air France-KLM has sealed an agreement with fund manager Apollo Global Management to raise €500 million ($559 million) to support an engineering affiliate of Air France which owns components.
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NewsDelta exercises options on 12 more Airbus A220-300s and orders one A330
Delta Air Lines has exercised options on a dozen more Airbus A220-300s, taking its firm commitment for the jet including the smaller -100s to 131.
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NewsGrounded Go First seeks bidders
Administrators for grounded Indian budget carrier Go First have launched a call for expressions of interest in the airline.
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Airline BusinessGrowing pains dominate key issues for airports
On the one hand airport leaders met in Barcelona at the end of June for the joint ACI Europe/World AGM with an air of business as usual.
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NewsSchiphol awaits ‘clarity’ from state after appeals court clears flight cuts
Amsterdam Schiphol airport’s operator expects the Dutch government to provide “further clarity” within two months over the number of departures that can be flown after an appeals court lifted a block on reducing flights from this winter.
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NewsIcelandair seals Airbus shift with A321XLR order
Icelandair has firmed its April preliminary commitment for up to 25 Airbus A321XLRs, while separately leasing four A321LRs SMBC Aviation Capital.
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NewsDoubling of passenger revenue drives Qatar Airways profit
Qatar Airways posted a net profit of QR4.4 billion ($1.2 billion) for the year ending 31 March 2023 on turnover boosted by a doubling of passenger revenues.
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Airline BusinessHow do European airports face growth challenge?
As leaders of Europe’s airports gathered in Barcelona for their annual general meeting this week, a UK Parliamentary committee on climate change underscored the fundamental challenge the sector faces if it is to continue grow.
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NewsEuropean airports back in profit but ACI warns about fundamentals
While European airports today confirmed they returned to the black in 2022 for the first time in three years, pressure on future funding remains of concern amid increased debt and slower traffic growth.