All articles by Graham Dunn – Page 37
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News
Etihad still ‘on’ for reaching profit in 2023: Douglas
Etihad Airways group chief executive Tony Douglas believes the restructured UAE carrier is still on track to meet its original target of returning to profit in 2023 despite the negative impact of the pandemic.
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News
Cargo and strong second half help Etihad cut losses in 2021
Etihad Airways cut its full-year core operating loss to $476 million for 2021, aided by improved passenger demand in the second half and record cargo revenues.
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UK bans Aeroflot as part of sanctions response to Ukraine invasion
Russian carrier Aeroflot has been banned from UK airpace as part of measures disclosed by the country’s prime minister Boris Johnson today in response to the invasion in Ukraine.
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Airline Business
Atlanta leads US airport passenger traffic revival in 2021, but wider picture still mixed
Few metrics reflect the unevenness and ongoing challenges the pandemic has continued to present the sector more evidently than airport passenger numbers.
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News
Singapore Airlines posts first quarterly profit since pandemic
Singapore Airlines Group posted a net profit of S$85 million ($63 million) for the three months ending December 2021, as the opening of international travel lanes during the quarter helped it out of the red for the first time since the pandemic.
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News
Heathrow incurs more heavy losses in 2021 but eyes Terminal 4 summer reopening
London Heathrow Airport’s operator is working with airlines on reopening Terminal 4 this summer as demand picks up after depressed passenger numbers – the hub’s lowest figure for 50 years – contributed to a pre-tax loss of £1.8 billion ($2.4 billion) in 2021.
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News
SAS to put greater focus on leisure in post-pandemic recovery
Scandinavian carrier SAS will put a greater emphasis on the leisure segment as it adjusts its network in line with the emerging post-pandemic market dynamic.
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SAS deepens cost-savings drive under new plan aimed at securing fresh equity
SAS has raised its annual cost-savings target to SKr7.5 billion ($800 million) under a fresh restructuring programme aimed at adapting the carrier to a “changed” market as it bids to prepare the ground to raise fresh equity.
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News
Greenway to take up chief executive role at Blue Air
Former Swoop chief executive Steven Greenway is to take up the same role at Romanian low-cost carrier Blue Air from the start of March, with incumbent Oana Petrescu remaining as president of the airline.
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News
Measures prompt Lufthansa to rule out compulsory pilot redundancies
German carrier Lufthansa Airlines has lifted the threat of needing to make compulsory redundancies among its pilots through a series of measures aimed at reducing staff levels in light of the pandemic-hit on demand.
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News
Norwegian to fly 80-85 aircraft in summer 2023
Restructured low-cost carrier Norwegian is looking to bring in new aircraft for next summer as it aims to rebuild its fleet to between 80 and 100 aircraft by 2024.
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News
IndiGo co-founder Gangwal to ‘slowly reduce’ stake
Co-founder of Indian low-cost carrier IndiGo Airlines Rakesh Gangwal has stepped down from the board of the airline’s parent company as he plans to reduce his stake over the coming years.
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Gatwick slot sales and improved demand help Norwegian to profit
A sale of some of its slots at London Gatwick airports together with ongoing benefits from its restructuring and improved travel demand helped Norwegian post a small pre-tax profit for the fourth quarter and the the full-year.
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Airline Business
Airlines keep cargo front of mind during Singapore Airshow
While airline fleet renewal decisions are long in planning and even longer in execution, it perhaps says much for the opportunistic climate that exists in the post-pandemic recovery phase that much of the news activity from this week’s Singapore Airshow was in the cargo sector.
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News
Struggling Trujet in final stage talks over $25m investment
Indian regional carrier Trujet is hoping to finalise talks in the coming days over a $25 million investment aimed at enabling it to restore flights.
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News
Paris airports operator sees group traffic at 70-80% of pre-crisis levels this year
Paris airports operator Groupe ADP expects passenger numbers across its network to be between 70% and 80% of the 2019 levels this year and to recover to pre-crisis highs between 2023 and 2024.
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News
SIA Engineering seals deal to take 75% stake in SR Technics Malaysia
Singapore Airlines MRO unit SIA Engineering is to take a 75% stake in SR Technics Malaysia to form a new joint venture in a $3.75 million deal.
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News
JetBlue orders 30 more Airbus A220-300s
JetBlue Airways has ordered another 30 Airbus A220-300s to take its firm commitment for the type to 100.
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News
BOC Aviation orders Leap engines for A320neo deliveries in 2023
Aircraft lessor BOC Aviation has placed an order covering eight CFM International Leap-1A engine shipsets to power Airbus A320neo family aircraft.
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News
Boeing teams with ST Engineering to add 767 freighter conversion line in Guangzhou
Boeing is to establish a 767-300BCF conversion line at ST Engineering’s airframe facility in Guangzhou in response to growing customer demand for freighters.