All articles by Graham Dunn – Page 34
-
News
Air France-KLM launches €2.2bn capital increase
Air France-KLM has launched a capital increase to existing shareholders to raise €2.26 billion ($2.4 billion) aimed at repaying state aid secured during the pandemic
-
News
Wary European airports see pre-crisis traffic return coming a year earlier
Airports body ACI Europe has improved its passenger outlook for 2022 and now expects a full traffic recovery to happen a year earlier than previously amid strong summer demand, but warns several factors could still derail the recovery.
-
News
Air France-KLM in talks with Apollo over €500m capital injection
Air France-KLM has entered into exclusive talks with private equity firm Apollo Global Management over a €500 million ($527 million) capital injection to an Air France operating affiliate as part of further steps to repay state funds secured during the pandemic.
-
Airline Business
Airline tie-up moves show fresh post-pandemic path to partnerships
Air France-KLM’s long-term partnership with French shipping and logistics specialist CMA CGM is further evidence of the variety of approaches to partnerships emerging in the pandemic recovery stage.
-
News
EasyJet eyes growth at slot-constrained airports through A319 up-gauge
Low-cost carrier EasyJet is citing its ability to up-gauge from smaller Airbus A319s as providing an opportunity to lift capacity in the coming years as part of its strategy of growing at slot-constrained airports.
-
News
EasyJet narrows first half loss as capacity nears pre-crisis return
UK budget carrier EasyJet expects load factors to exceed 90% on capacity almost back at 2019 levels during the peak summer quarter, though it has stopped short of providing profit guidance for its financial running to 30 September 2022.
-
Airline Business
Espen Hoiby back rebuilding crew resource firm but with eye on electric future
OSM Aviation built a pioneering crew resourcing model only for the pandemic to decimate the airline sector. Now rebranded as AAP, its founder is back at the helm and plotting not just a swift rebuidling of the business, but an opportunity for further disruption to traditional models with the arrival of electric aircraft
-
News
CMA CGM set to take stake in Air France-KLM under long-term cargo partnership
French logistics firm CMA CGM is to take up to a 9% stake in Air France-KLM as part of new long-term partnership under which they will work together operating their respective air cargo capacity.
-
News
Wizz Air to establish Maltese unit
Central European budget carrier Wizz AIr plans to establish a Maltese airline unit later this year.
-
Airline Business
Willie Walsh on the airline sector’s route to recovery and a sustainable future
A year since taking the helm at IATA, the former IAG chief is keeping the pressure on regulators and suppliers not to derail airlines’ journeys out of the depths of the pandemic and on to profitability, while supporting the industry’s move to the front foot in tackling its environmental challenges
-
News
Frankfurt airport operator sees full year profits after improved first quarter
Frankfurt airport operator Fraport expects a group net profit for the full year as it sees passengers at the German hub reaching up to 65% of pre-crisis levels in 2022 and “dynamic” growth across its wider airport portfolio.
-
News
British Airways trims capacity plan to tackle operational challenges
IAG expects to operate 80% of pre-crisis capacity across this year, less than the 85% it had originally targeted after British Airways scaled back its planned flights this summer in a bid to make its operations more resilient.
-
News
IAG hopeful of clearance to take 20% of Air Europa in next six months
IAG chief executive Luis Gallego is hopeful the group will be cleared to take a 20% stake in Air Europa within the next six months as it continues efforts to finalise its on-off deal for the Spanish carrier.
-
News
IAG sees profits from second quarter onwards on summer ramp-up
European airline group IAG expects to be profitable from the second quarter and for the year as a whole on sharply ramped-up operations, after cutting operating losses before exceptionals by a third to €754 million ($797 million). The British Airways and Iberia parent reported a more than trebling of revenues ...
-
News
Air France-KLM projects summer profit after cutting first quarter loss
Air France-KLM Group expects to break even at the operating level in the second quarter and to be “significantly positive” in the third after reporting strong recovery signs in the first three months of the year despite the impact of Omicron and the Ukraine crisis.
-
Airline Business
Why sparks are flying over airport charges post-pandemic
While airlines and airports found common ground during the pandemic in pressing for the lifting of restrictions, the fractious debate over future pricing at Heathrow underlines the wider financing challenges ahead for an industry on its heels from two years of losses but with a long-term capacity crunch still on the horizon
-
News
April traffic marks Ryanair’s busiest month since August 2019
Ryanair underlined the strength of its recovery in activity by carrying 14.2 million passengers and reporting load factors of over 90% in April, marking the low-cost carrier’s busiest month since August 2019.
-
News
Latin carriers Avianca and Viva strike joint ownership deal
Owners of Avianca and the low-cost operator Viva have struck a deal to to form a joint holding company in a move to provide greater financial stability for the Latin American carriers post-pandemic.
-
News
Turkish Airlines Q1 profit jumps on strong cargo and recovering demand
Turkish Airlines posted an improved profit for the first three months of 2022, driven by a continued strong performance in cargo and higher demand as Covid travel restrictions eased further.
-
News
Russia’s Aeroflot suspended from SkyTeam alliance
Aeroflot has had its membership of global alliance SkyTeam temporarily suspended amid the continued fallout of global sanctions impacting the country’s operators following Russia’s invasion of Ukraine.