All articles by Graham Dunn – Page 43
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News
Spanish carriers offer bright spot as IAG sees ‘inflection point’ in third quarter
IAG posted an operating loss of €452 million ($523 million) for the third quarter though its Spanish carriers Iberia and Vueling did both move out of the red.
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News
Vueling sees long-term returns from opportunistic push into new markets
Vueling chief executive Marco Sansavini believes the carrier’s moves to exploit new international opportunities that have emerged in the European short-haul market since the pandemic will provide long-term returns.
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News
British Airways aiming to finalise Gatwick plans by end of November
British Airways hopes to finalise talks with unions and London Gatwick airport over a new short-haul operation in time to launch its summer plans around the end of November.
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News
IAG chief Gallego ‘less optimistic’ about stalled Air Europa deal
IAG chief executive Luis Gallego is “less optimistic” about completing a deal to acquire Spanish carrier Air Europa, but talks are continuing with the latter’s parent company Globalia, regulators and the Spanish government.
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News
Cargo lift helps Turkish Airlines top pre-crisis profits in third quarter
Turkish Airlines profits outstripped pre-crisis levels in the third quarter as the carrier benefited from a strong cargo performance.
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News
Lufthansa chief Spohr sees no let-up in strong cargo demand
While many of the fundamentals underpinning the strong financial performance of air freight have been driven directly or indirectly by the pandemic, Lufthansa Group chief executive Carsten Spohr still sees demand remaining strong even as passenger activities recover.
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News
Lufthansa still pondering MRO unit options as strengthening efforts continue
Lufthansa Group is still evaluating whether to carry out a partial divestment of its MRO business despite progress on improving its balance sheet.
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News
Lufthansa capacity to top 70% of pre-crisis levels in 2022 as US demand booms
Lufthansa Group expects its capacity to increase to more than 70% of pre-crisis levels next year as it flags strong demand in the key transatlantic market, particularly in premium cabins.
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News
Restructured Eurowings leads profit recovery for Lufthansa passenger units
Lufthansa Group chief executive Carsten Spohr believes the Covid crisis has accelerated the recovery of Eurowings, the low-cost unit it now expects to continue in profit after reaching that milestone in the third quarter.
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News
Lufthansa sees positive trend after returning to profit in third quarter
Lufthansa Group posted a positive adjusted operating profit for first since the pandemic and expects to avoid cash drain in the seasonally tough final quarter of the year.
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News
European budget carriers retain traffic momentum in October
Wizz Air passenger levels remained steady at just under 3 million in October as stronger travel demand was sustained into the shoulder season.
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News
Domestic lift helps Aeroflot turn a profit for the third quarter
Aeroflot turned a group profit under Russian accounting standards for the first time since the pandemic in the third quarter, driven by a strong domestic traffic performance during the period.
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News
SkyTeam confirms ITA to replace Alitalia as Italian partner in alliance
SkyTeam has confirmed that new Italian carrier ITA Airways will replace defunct national operator Alitalia in the global alliance.
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News
Wizz dismisses executive over undisclosed share trading
Wizz AIr has dismissed its chief supply officer over a series of undisclosed share dealings following an investigation by the Financial Conduct Authority, the UK’s finance regulator.
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News
Kenya Airways strikes codeshare with British Airways
Oneworld carrier British Airways is to begin a codeshare with SkyTeam operator Kenya Airways, after the recent resumption of flights between London and Nairobi.
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Airline Business
Tentative reopening steps continue in Asia but long route to recovery
International travel in Asia-Pacific has been paltry since the crisis hit amid some of the tightest approaches to border control in the world and lagging vaccination roll-outs.
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Airline Business
Why Etihad has broken new ground with sustainability-linked financing
Etihad Aviation Group chief financial officer Adam Boukadida believes there will be further sustainability-linked financing deals both within the industry and beyond after striking a $1.2 billion transaction tied to environmental, social and governance targets
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News
EasyJet takes first lounge step with co-branded Gatwick facility
Low-cost carrier EasyJet will on 21 October open it first airport lounge, a co-branded facility it is opening at London Gatwick in association with No 1 Lounges.
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News
Court rejects LOT appeal over EasyJet and Lufthansa win of Air Berlin assets
An EU court has rejected cases put forward by LOT Polish Airlines contesting decisions to enable EasyJet and Lufthansa to acquire assets from collapsed carrier Air Berlin.
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Airline Business
Raised capacity on US-Mexican border routes bucks international trend
In an environment where a rebound in travel to pre-crisis level for most international markets is off the horizon for perhaps multiple years, the speed and scale of the recovery in the US-Mexican market is a stand-out.