All articles by Graham Dunn – Page 6
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Airline Business
Delta’s Bastian upbeat on demand amid ‘most-constructive backdrop of my career’
Delta Air Lines chief executive Ed Bastian painted a positive demand picture after reiterating the airline’s full-year guidance today, describing the environment as “maybe the most-constructive backdrop” during his career.
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Delta sees MRO unit supporting normalised retirement cycle and third-party opportunity
Delta Air Lines executives flag the role that its MRO business has played in ensuring the reliability of older aircraft in its own fleet, but note the focus will start to switch toward managing aircraft retirements and developing third party business.
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Delta ‘cautiously optimistic’ about Aeromexico joint-venture ruling
Delta Air Lines is in talks with regulators to secure a “less-punitive” ruling after the US Department of Transportation’s (DOT) tentative order requiring it to end a joint venture with SkyTeam partner Aeromexico.
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Delta posts profitable start to the year
Delta Air Lines posted a profit over the opening three months of the year on a non-adjusted basis for the first time since the pandemic.
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Government launches Pakistan International Airlines privatisation tender
Pakistan has formally launched the tender for a majority stake in its national carrier, seeking expressions of interest from potential bidders by 3 May.
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Airline Business
Turkish Airlines sees growth sustaining with long-haul, cargo and AJet
While inflationary, geopolitical and aircraft availability issues continue to cloud the horizon, Turkish Airlines is still aiming to increase passenger capacity by 10% this year.
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Turkish Airlines still in talks with Boeing about aircraft order
Turkish Airlines remains in talks to finalise the Boeing portion of a major planned order aimed at supporting its long-term growth plan.
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Surging passenger revenue helps Turkish Airlines continue strong profit run
Turkish Airlines continued its strong profit run since the pandemic, as double-digit increases in passengers and revenue pushed it to a full-year 2023 operating profit of almost $2.9 billion.
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Virgin Atlantic ‘on course’ for profit return in 2024 after narrowing full-year loss
Virgin Atlantic chief executive Shai Weiss sees the UK carrier returning to profit this year after narrowing its pre-tax loss before exceptional items to £139 million ($175 million) in 2023.
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Ryanair hits revised passenger target for 2023-24 financial year
Ryanair booked 183.7 million passengers in its financial year ending 31 March 2024, in line with guidance it revised downwards after delays last year in deliveries of Boeing 737 Max jets.
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Icelandair firms expectations for improved profits in 2024
Icelandair expects its EBIT profit margin to increase to between 2-4% this year on revenues rising to $1.6 billion after firming its financial guidance for 2024.
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Avion Express completes financial restructuring
Wet-lease specialist Avion Express has completed a corporate financial restructuring undertaken after the pandemic hit.
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Lufthansa seals labour deal with ground staff
Lufthansa has struck a new labour deal covering ground staff represented by German trade union Verdi, ending a deadlock which had resulted in disuption to the carrier’s services earlier this yer.
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Acquisition targets ITA Airways and TAP Air Portugal flag improved results
European acquisition targets ITA Airways and TAP Air Portugal both flagged improved financial results for 2023, as the Italian carrier reached break-even a year earlier than budgeted and the Portuguese airline posted record profits.
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Kenya Airways posts first annual operating profit for seven years
Kenya Airways posted its first operating profit for seven years in 2023 off the back of increased passenger numbers, although heavy currency exchange impact kept it loss-making at an overall level.
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European regulator flags competition concerns over Lufthansa-ITA deal
European regulators cite some short-haul routes to central Europe, long-haul routes to North America and Japan and ITA Airways’ strong position at Milan Linate airport as key areas that could restrict competition if Lufthansa completes a deal to acquire a stake in the Italian carrier.
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Regulator set to trim Heathrow charges after watchdog ruling
Regulators are proposing a small reduction in the landing fees that Heathrow Airport will be able to charge airlines in 2025 and 2026 after recommendations from the UK competition authority.
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Virgin expands African reach with Kenya Airways codeshare pact
UK operator Virgin Atlantic Airways is to begin codesharing with SkyTeam partner Kenya Airways, a move re-establishing its presence in the London-Nairobi market.
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Chairman takes over as Play chief executive Jonsson departs
Chairman and shareholder Einar Orn Olafsson is to become chief executive of Icelandic low-cost carrier Play, replacing Birgir Jonsson in the role.
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Airline Business
Why Aegean Airlines is prioritising scheduled business in bid to ride out GTF disruption
Aegean Airlines aims to grow scheduled capacity by around 7% this year despite the pressure the Greek carrier faces on aircraft availability due to ongoing maintenance issues related to the Pratt & Whitney GTF engines that power its Airbus A320neo-family aircraft.