All articles by Graham Dunn – Page 5
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Airline BusinessFlyadeal chief sees room for growth
The chief executive of fast-growing Saudi budget carrier Flyadeal sees plenty of room for its continued expansion over the coming years, even if a market normalisation post-Covid is being seen in more mature markets.
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NewsHigher costs dent Turkish Airlines’ second-quarter profit despite cargo lift
Turkish Airlines operating profits slipped 25% in the second quarter to $591 million amid heightened cost and unit revenue pressure, despite reporting a near 10% jump in revenues.
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NewsAir Astana fleet growth ahead of track
Air Astana Group now expects to end the year with three more aircraft than originally planned as it bids to counter the impact of lost capacity from ongoing Pratt & Whitney engine inspections impacting some of its Airbus A320neo fleet.
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Airline BusinessWhy Lufthansa Airlines is suffering more than other airlines in the group
On the one hand, the narrative accompanying Lufthansa Group’s second quarter results today is in line with that given by other airlines to report during the April-June period.
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NewsSpohr still optimistic of completing ITA deal in fourth quarter
Lufthansa Group chief executive Carsten Spohr is still targeting completing its deal to acquire a stake in Italian carrier ITA Airways before year-end.
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NewsLufthansa challenges weigh down wider group as profits fall 37% in second quarter
Lufthansa Group adjusted earnings before interest and taxes (EBIT) fell 37% in the second quarter to €686 million ($742 million) despite revenues passing €10 billion for the first time, as challenges at its German operations in particular took a toll.
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NewsRex enters administration as it grounds 737 operations
Struggling Australian carrier Regional Express (Rex) has entered administration and confirmed the grounding of its Boeing 737 operations.
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Airline BusinessSlow business at Farnborough reflects industry taking stock
Perhaps given the glut of aircraft deals and continued challenges facing the manufacturing industry since the pandemic it should not have been a surprise that this year’s Farnborough air show was a quiet one for order activity and news from commercial airframers
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NewsTrading in shares of Australian regional carrier Rex suspended pending announcement
Trading in shares of Australian carrier Regional Express (Rex Airlines) has been paused amid recent boardroom turmoil and reports a restructuring team has been put in place.
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Airline BusinessIsom hopes for quick wins as American rebuilds sales and slows capacity growth
While recognising it will take some time to build back its presence in premium indirect sales channel, American Airlines chief executive Robert Isom is hopeful of some early gains after ditching its failing sales and distribution strategy.
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Airline BusinessTiming counts for Southwest move to ditch flagship seating policy
When an airline drops a policy that has been in place for 50, predominantly financially successful, years and which has set it apart from virtually every other carrier for the last decade, the question of ’why now?’ is understandably high on the list.
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NewsAmerican cuts full-year outlook as second quarter profits halve
American Airlines lowered its full-year profits outlook after disclosing second quarter net profit almost halved to $717 million from the same period a year earlier.
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AnalysisFarnborough air show Order Tracker 2024
Keep track of the commercial aircraft order announcements made at this year’s Farnborough air show
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NewsAbra signs preliminary deal for five A350s
Avianca and Gol holding company Abra Group has signed a memorandum of understanding for five Airbus A350-900s.
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NewsAir France-KLM profits slip 30% in second quarter as costs and Olympics bite
Air France-KLM became the latest carrier to report lower profits for the second quarter, citing the impact of higher costs as well as a one-off adverse hit on demand from Paris hosting the Olympic Games.
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NewsKLM teams with ZeroAvia in bid for liquid hydrogen demo flight by 2026
Dutch carrier KLM is teaming with ZeroAvia to work towards carrying out a demonstration flight of the propulsion specialist’s ZA2000 zero-emission, hydrogen-electric engine for large regional turboprops.
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Airline BusinessWeiss eyes gains as Virgin Atlantic A330 orders secure fleet renewal completion
Virgin Atlantic’s follow-on order for seven more Airbus A330neos will complete a fleet transition which the airline’s chief executive Shai Weiss believes positions the carrier to meet supply chain and sustainability challenges.
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NewsFlyadeal closing in on long-haul plan
Flyadeal is closing in on a planned move to bring long-haul aircraft into the fleet and hopes to make an announcement after the summer.
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NewsVirgin orders seven more A330-900s to complete fleet renewal
Virgin Atlantic has placed a follow-on order for seven more Airbus A330-900s and extended leases on seven Boeing 787-9s with AerCap as part of plans to operate an all new-generation widebody fleet of 45 aircraft by 2028.
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NewsIAG turns to GEnx to power incoming Dreamliners for BA
IAG has selected GE Aerospace GEnx engines to power six new Boeing 787s for British Airways, marking the first time the carrier has opted for the powerplant on its Dreamliners.