Latest stories – Page 7
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Airline BusinessWhy are EasyJet and Ryanair expressing such contrasting views on yields and demand?
With airline executives queuing up to report post-Covid ‘normalisation’ trends in yields and demand over the past few months, it comes as something of a surprise to hear a different narrative from EasyJet.
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Airline BusinessAirlines around the world echo Ryanair’s comments on weaker fares
After Ryanair on 22 July outlined weaker-than-expected fares during its fiscal first quarter, carriers from around the world have confirmed that they are seeing similar trends.
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Airline BusinessAirline Strategy Awards recognises leaders of Delta, Emirates and IndiGo
IndiGo’s Pieter Elbers, Emirates’ Tim Clark and Delta Air Lines’ Ed Bastian were among those recognised on 21 July at this year’s Airline Strategy Awards, alongside Air Astana chief executive Peter Foster.
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Airline BusinessWeek 30 2024: Farnborough air show and key earnings
This week is a particularly busy one for the global aviation sector, not least because the aerospace industry is gathering in the UK for the Farnborough air show
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Airline BusinessAirline news digest: 13-19 July 2024
Our regular rundown of the biggest airline stories from the past seven days
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Airline BusinessHow are airlines being affected by the global IT outage?
The global IT outage on 19 July thrust the airline sector into the spotlight as carriers worldwide grappled with associated challenges
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Airline BusinessBack to ‘normal’ at Finnair as pent-up demand dissipates
Finnair is the latest carrier to acknowledge that something more akin to the pre-pandemic ‘normal’ is now setting in for European operators
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Airline BusinessUnited plans to stay ‘ahead of the curve’ by lowering fourth-quarter capacity: Kirby
With much of the US airline industry scrambling to respond to a market flooded with excess passenger capacity, United Airlines’ chief executive Scott Kirby stopped just short of saying “I told you so”.
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Airline BusinessIcelandair continues transatlantic pivot amid seismic uncertainty
As much as Icelandair Group has dismissed suggestions that seismic activity in the country should affect people’s willingness to travel to it, the impact of that situation was clear to see in the business’s latest earnings.
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Airline BusinessSpirit Airlines cuts second quarter revenue expectations
Spirit Airlines has lowered its second-quarter revenue expectation to $1.28 billion from its previous estimate of $1.32-1.34 billion, as non-ticket revenue slipped below anticipated levels.
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Airline BusinessStruggling SpiceJet seeks fresh funds as profitability remains elusive
SpiceJet’s latest financial report – again released after a significant delay – is a reminder of how challenging India’s market can be, whatever potential it holds
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Airline BusinessWeek 29 2024: Earnings season continues after rocky start
The latter half of this week will see more airlines reveal their performances for the April-June period as the earnings season kicks into gear following a rocky start in some cases.
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Airline BusinessAirline news digest: 6-12 July 2024
Our regular rundown of the biggest airline stories from the past seven days
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Airline Business‘We are not happy’: Norwegian chief reflects on second-quarter challenges
Scandinavian low-cost carrier Norwegian observed softer-than-expected demand during the second quarter of this year, as its financial performance was also hit by a string of challenges.
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Airline BusinessMixed picture emerges from Chinese airlines ahead of half-year results
China’s three largest carriers are forecast to continue their loss-making streak in their half-year earnings, in contrast to their smaller compatriots who expect to boost profitability.
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Airline BusinessOversupplied domestic market hammers Delta’s second-quarter profit
Company executives point to US domestic excess passenger capacity as the primary culprit behind slimmer profits.
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Airline BusinessBreeze slams Reagan National entry requirements as major carriers wrangle for new slots
Start-up Breeze Airways and several non-profit groups are criticising as anti-competitive a plan under which the US Department of Transportation (DOT) is allocated additional take-off and landing rights at Ronald Reagan Washington National airport.
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Airline BusinessElliott blasts Southwest anew for ‘profoundly out of touch’ strategic decisions
Elliott Investment Management has refreshed its scathing criticism of Southwest Airlines’ leadership in a letter that characterises the company’s board of directors as “profoundly out of touch” with investors.
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Airline BusinessUS airlines split on second quarter outlook
Delta Air Lines and United Airlines are forecast to lead the pack on profits in the second quarters as US carriers are set to begin reporting financials for the April-June period
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Airline BusinessAirline news digest: 29 June to 5 July 2024
Our regular rundown of the biggest airline stories from the past seven days