All articles by Graham Dunn – Page 60
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In depthWalter Cho – Korean Air
For all its challenges, the year ahead marks one of opportunity for Korean Air and its chief executive Walter Cho. After announcing a W1.8 trillion ($1.62 billion) takeover bid for embattled rival Asiana Airlines last November, it is now working through the process of completing the deal. Cho’s main ...
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NewsChief economist Pearce to retire from IATA in July
IATA chief economist Brian Pearce is to retire from the airline trade body in July.
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NewsQatar pitches touchless IFE initiative to allay post-Covid travel concerns
Qatar Airways is highlighting its steps towards offering full touchless in-flight technology onboard its aircraft in a further sign of how airlines are adapting their product and marketing in light of customer sensitivities to flying in the post-pandemic environment.
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NewsFinnair looks to summer recovery as loss run continues into 2021
Finnair expects first quarter losses to be comparable to the levels lost in the three quarters since the pandemic hit after today disclosing a full-year operating loss of €595 million ($718 million).
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NewsFlydubai works on restoring Max flights after UAE approval
Flydubai is to start the process of returning its Boeing 737 Max aircraft to service after the UAE General Civil Aviation Authority (GCAA) cleared the type for operations again.
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NewsAir France-KLM braced for tough first quarter after €7bn loss in 2020
Air France-KLM is warning of an even more challenging first quarter of 2021 before it hopes to lift capacity in the summer after today posting a group net loss of €7.1 billion ($8.6 billion) for the pandemic-hit 2020
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NewsEuropean ministers sign off on summer slot rules revision for airlines
European transport ministers have today formally approved temporary rules under which airlines will only have to use a minimum of 50% of their take-off and landing slots during the forthcoming summer season to retain them for 2022.
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News2020 was worst for European airport traffic in 25 years
Trade body ACI Europe is calling for further financial support for European airports as they struggle for survival after a year in which passenger volumes fell back to levels last seen 25 years ago.
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NewsMEPs back plan to ease airport slot rules for summer 2021
Members of the European Parliament have backed proposals to ease slot rules for the forthcoming summer season under which airlines only have to use half their airport slots in order to retain them for the following year.
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NewsParis airports operator works on new plan after Charles de Gaulle expansion scrapped
Paris airports operator Groupe ADP is to work on a new development plan for Charles de Gaulle airport after the French government scrapped its existing Terminal 4 project.
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NewsSwissport names former EasyJet executive as new chief
Restructuring ground handler Swissport International has appointed Warwick Brady, currently head of the recently rebranded Stobart Group, as its new chief executive, enabling Christoph Mueller to take up the chairman role with the Swiss firm.
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NewsTUI sees vaccine roll-out key to sparking summer travel
Travel firm TUI Group is taking encouragement that a rapid roll-out of vaccines will help fuel a return to travel even as its latest quarterly results showed the company continuing to be hammered by the Covid-19 pandemic.
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NewsKLM carries out first flight part-powered with sustainable synthetic fuel
KLM last month carried out a commercial passenger flight partly flown from sustainably produced synthetic kerosene, in the latest push by the Dutch sector develop alternative fuels for aviation.
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NewsAer Lingus secures €150m loan from Irish state recovery fund
Irish carrier Aer Lingus has tapped a state-backed pandemic recovery fund to secure €150 million ($180 million) in debt funding. The capital has been secured from the Ireland Strategic Investment Fund’s (ISIF) €2 billion Pandemic Stabilisation and Recovery Fund, which the country’s finance ministry established last year to support struggling ...
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NewsNorwegian flew eight aircraft on average in restriction-hit January
Restructuring low-cost carrier Norwegian operated an average of just eight aircraft in January as a result of services curtailed by travel restrictions.
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Airline BusinessTraffic data shows how pandemic upset traditional hub dominance in 2020
Trying to make sense of the passenger traffic data for 2020 at airports is a nigh on impossible task given the dramatic declines reported across the globe. For an industry coming off the back of a decade of non-stop growth, at largely above-trend rates, the levels of traffic falls are ...
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NewsRyanair suffers heaviest traffic fall in January since crisis peak
Traffic figures from Ryanair, Europe’s biggest carrier by passenger numbers and the first in the region to report data for January, illustrate the extent to which heightened travel restrictions have further hit demand.
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NewsIndiGo narrows losses in third quarter
Indian low-cost carrier IndiGo posted another loss in the third quarter of its financial year as revenues slumped by half on capacity cut 40%, though figures did mark some improvement on the previous quarter. In a stock-market announcement today, the airline’s parent Interglobe Aviation disclosed a pre-tax loss of Rs6.2 ...
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NewsEasyJet operating 10% capacity but eyes chances to pounce
EasyJet expects to operate only around 10% of its capacity during the first quarter of the calendar year as travel restrictions tighten, but believes it can quickly capitalise on opportunities at key airports where rivals have retrenched. In a trading update today, the UK low-cost carrier says it carried almost ...
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NewsIATA urges states to back airlines as outlook darkens
Trade body IATA is warning states will have to dig deeper over the coming months to support struggling airlines as travel restrictions continue to tighten in response to new strains of the Covid virus.