All articles by Graham Dunn – Page 50
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News
European air traffic unlikely to reach pre-crisis levels until 2025: Eurocontrol
Air traffic management body Eurocontrol projects flight activity in the region will not return to pre-crisis levels until 2024 at the earliest and most likely not until 2025.
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News
Condor set for fleet renewal after equity fund Attestor acquires majority stake
Asset manager Attestor is to acquire a 51% stake in German leisure carrier Condor, investing €200 million ($244 million) in equity capital and providing a further €250 million to modernise the carrier’s long-haul fleet. The move secures fresh financial footing for the carrier after a period in which it has ...
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Airline Business
EasyJet mirrors European airlines in pinning hopes on late summer recovery
If there was a familiar ring to the narrative around EasyJet’s first-half results and outlook today, it’s because in many ways it has already played out across a string of European carriers across the current financial reporting season.
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News
EasyJet ready to ‘flex up’ capacity after pandemic-hit first-half loss
Low-cost carrier EasyJet expects to fly only 15% of its capacity in the current quarter after posting a pre-tax loss of €701 million for the first half of its fiscal year.
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News
Aer Lingus details cuts at Shannon and Cork bases
Aer Lingus is to permanently close its cabin crew base at Shannon airport as part of a series of cost-savings measures after warning there will be redundancies as it emerges smaller from the pandemic.
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News
Court rules against KLM and TAP state aid approvals
A court has annulled European Commission decisions approving state aid for KLM and TAP Air Portugal, judging that it failed to consider all factors, though it has suspended the annulments until fresh decisions are made.
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News
Iceland’s Play to launch with Stansted service in June
Icelandic start-up Play Airlines plans to launch operations next month, debuting on the Reykjavik-London Stansted route.
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News
Norwegian edges closer to completing financial restructuring
Low-cost carrier Norwegian aims to complete its court-approved financial restructuring later this month after a deadline passed with no objections filed against the plan.
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News
Premium operator La Compagnie targets June scheduled restart
French all-premium long-haul operator La Compagnie is aiming to resume scheduled transatlantic flights from France to New York in June after what will have been a 15-month break because of the Covid crisis.
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News
Icelandic start-up Play moves closer to launch
Planned Icelandic start-up Play Airlines appears closer to launching after securing its Air Operator’s Certificate and its first aircraft.
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News
Ryanair ‘cautiously’ eyes breakeven this year after €815m loss
Europe’s biggest low-cost carrier Ryanair ‘cautiously believes’ it can be close to breakeven for the financial year ahead after posting a record loss of €815 million ($990 million) for the pandemic hit year to March 2021.
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News
Rebranding Indian low-cost carrier GoAir files for IPO
Indian low-cost carrier GoAir has filed a prospectus with the Indian Capital Markets authority for a planned market listing and is rebranding as Go First.
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News
Wizz continues Italian push by launching Rome Fiumicino base in July
Central European low-cost carrier Wizz Air is to open a four-aircraft base at Rome Fiumicino airport from July.
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News
TUI pins hopes on summer peak recovery
European travel operator TUI Group is eyeing a strong pick-up in demand this summer and intends to operate three-quarters of pre-crisis capacity in the peak holiday period.
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News
Former Wizz and Flybondi executive joins Volotea as CFO
European carrier Volotea has named former Wizz Air and Flybondi executive Mike Powell as its new chief financial officer.
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News
Heathrow urges USA to be added to ‘green list’ as traffic down 92% in April
London Heathrow airport’s operator is calling for the USA to be opened up for restriction-free travel to the UK after disclosing April passenger numbers that were down by more than 90% on pre-crisis levels.
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News
Domestic links feature as Ryanair to open Stockholm Arlanda base
Low-cost carrier Ryanair is to open a base at Stockholm Arlanda this winter, initially basing two aircraft at the Swedish airport.
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News
Air France-KLM eyes positive returns this summer
Air France-KLM executives believe the group could return to cash-positive operations over the summer if the vaccine rollout delivers the hoped-for recovery in travel demand.
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News
Air France-KLM ponders equity moves as first-quarter loss widens
Air France-KLM is considering further equity measures to strengthen its balance sheet after first-quarter operating losses deepened to €1.18 billion ($1.42 billion). Group revenues of €2.2 billion for the three months ending March 2021 were down 55% on the same period last year, during which the pandemic impact was just ...
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News
Ryanair and Wizz traffic well below pre-crisis levels despite April improvement
Ryanair and Wizz Air carried slightly more passengers in April than in March though traffic remains vastly down on pre-crisis levels as travel restrictions across Europe continue. The low-cost operators are the first airlines in Europe to disclose traffic data for April. Ryanair carried 1 million passengers in April 2021, ...