All articles by Graham Dunn – Page 76
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NewsFuel costs and cargo slump drag Air France-KLM profits down in 2019
Air France-KLM full-year operating profits slipped nearly a fifth in 2019 as higher fuel costs and a deteriorating cargo market hit its performance.
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NewsQatar Airways lifts IAG stake to 25%
Qatar Airways has increased its shareholding in British Airways and Iberia parent IAG from 21.4% to 25.1%.
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NewsTurkey’s aviation regulator confirms AtlasGlobal suspends flights
Turkey’s directorate general of civil aviation has confirmed that struggling carrier AtlasGlobal has suspended flights and is to file for bankruptcy.
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NewsFormer Jet Airways chief Dube takes top role at India’s GoAir
Former Jet Airways chief executive Vinay Dube has taken up the same role at Indian low-cost carrier GoAir.
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NewsSA Express confirms business rescue restructuring move
SA Express’ operations are continuing as normal after the South African regional and domestic operator confirmed it is now under a formal business rescue restructuring process
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Airline BusinessWhy Ryanair is still more likely to bide its time than bid for Air Italy
Ryanair’s move to hold a press conference in Milan today sparked some press speculation that the low-cost carrier was about to make a bid for the assets of collapsed carrier Air Italy.
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NewsNorwegian plans deeper capacity cuts in bid for 2020 profit return
Restructuring low-cost carrier Norwegian is targeting a net profit for the coming year on deeper capacity cuts after progress on its turnaround in 2019 was clipped by the impact of the Boeing 737 Max grounding and Rolls-Royce engine issues.
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NewsTurkey’s AtlasGlobal reportedly set to halt flights again
Turkish media are reporting troubled local operator AtlasGlobal is to cease operations again, less than two months after restoring flights.
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NewsEurowings promotes sales head to chief commercial officer
Eurowings has promoted its vice-president of sales Oliver Schmitt to become chief commercial officer of the Lufthansa low-cost unit.
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Airline BusinessHow low-cost carriers have capitalised on Italian airline failures
No European country’s carriers have struggled to secure or retain a leading presence in their own market more than Italian operators, as the collapse of Air Italy further illustrates.
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Airline BusinessWhy South African Airways network cuts prove painful to implement
One thing perennial struggler South African Airways has not been short of over the years is restructuring plans. Its latest, proposed under formal restructuring, features a further retrenchment that continues the paring back of its network.
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NewsFirst commercial flights begin at Indian airport Bidar
Commercial airline services have today begun at Bidar airport, located in the north-eastern part of Karnataka state in India.
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NewsFranchise partner Airlink steps in to retain four axed SAA routes
Airlink is to continue operating in its own right four of the routes being axed by its franchise partner South African Airways at the end of the month.
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NewsRyanair slows long-term growth target as Max delayed until after summer
European low-cost giant Ryanair has pushed back its long-term growth target of reaching the 200 million annual passenger mark by up to two years after resigning itself to not receiving its first Boeing 737 Max aircraft until after this summer.
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NewsAirlines cut back China flights as WHO declares coronavirus a global emergency
Airlines continue to suspend international flight capacity to mainland China in the wake of the outbreak of the new coronavirus as the World Health Organisation (WHO) declares it an international public health emergency.
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NewsIndiGo shareholders reject move to change stock sale rules
Shareholders at the parent of India’s biggest carrier IndiGo today voted against a proposal to ease rules around the sale and acquisition of shares, the latest development in a power struggle between its two founding shareholders.
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Airline BusinessRyanair heads European traffic as airlines slow pace in 2019
Strong growth at its new Austrian unit Lauda helped low-cost carrier Ryanair reclaim its position as the biggest European airline group by passenger number in 2019, though overall growth among leading carriers in the region lagged previous years.
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NewsStobart to provide up to £9 million in Flybe funding
Stobart Group has committed up to £9 million ($12 million) in short-term funding for Flybe as part of the Connect Airways’ consortium’s investment to keep the struggling UK regional carrier flying.
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Airline BusinessEasyJet to make Sharm el-Sheikh return
Low-cost carrier EasyJet’s move to resume flights to the Egyptian resort of Sharm el-Sheikh this summer marks a further UK operator return to what had been a key leisure destination.
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In depthAirline deals offer hints of a sector in recovery
The year just gone was clearly one of some financial turbulence for airlines – high-profile failures included BMI Regional, Germania and Wow Air in Europe, Avianca Brazil, India’s Jet Airways and, of course, Thomas Cook. And the general backdrop of continued trade tensions hit demand while creeping fuel, labour and ...