All articles by Graham Dunn – Page 43
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NewsLufthansa in the hunt for additional widebody opportunities
Lufthansa Group will look at the opportunistic acquisition of widebody aircraft, particularly Airbus A350s and Boeing 787s, that were previously destined for sanction-hit Russian carriers.
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NewsRussian airspace crisis prompts Finnair to open talks on bringing back furloughs
Oneworld carrier Finnair is to hold talks with unions over the possibility of furloughing flightcrew for up to 90 days in response to the disruption caused by the closure of Russian airspace.
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NewsLufthansa ‘closely monitoring’ airline consolidation: Spohr
Pan-European airline operator Lufthansa Group is keeping options open on its proposed tie-up with new Italian carrier ITA Airways as it says it is “monitoring closely” renewed consolidation trends in the sector.
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NewsLufthansa sees ‘significant improvement’ for 2022 after halving full-year loss
Lufthansa Group is forecasting a “significant improvement” in operating profit from the second quarter onwards as travel demand continues to pick-up, but has stopped short of projecting a full-year outlook amid fresh global uncertainties including the Ukraine crisis.
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NewsFormer Turkish chairman turns down Air India chief executive role
Former Turkish Airlines chairman Ilker Ayci has turned down the chief executive role at Air India, two weeks after the airline’s new owners Tata Sons announced his appointment.
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NewsEtihad 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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NewsCargo 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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NewsUK 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 BusinessAtlanta 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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NewsSingapore 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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NewsHeathrow 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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NewsSAS 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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NewsSAS 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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NewsGreenway 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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NewsMeasures 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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NewsNorwegian 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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NewsIndiGo 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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NewsGatwick 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 BusinessAirlines 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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NewsStruggling 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.