Latest stories – Page 11
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Airline BusinessIAG enjoys Madrid’s status as ‘new Miami’ as it starts 2024 on front foot
While its two largest competitors were knocked on to the back foot in financial terms during the first quarter of this year, IAG enjoyed a much more straightforward three months.
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Airline BusinessSun Country profitable as other US discounters slog through first quarter
As leading ultra-low-cost carriers in the USA embark on wholesale network changes in response to shifting market dynamics, one smaller airline is sticking to its guns.
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Airline BusinessWizz puts its faith in SAF amid scarcity, mandates and increased momentum
While much of the attention of Wizz Air’s eye-catching investment in a UK firm with ambitions to turn human waste into a biofuel was on the unlikely source of the feedstock, more significant perhaps is the low-cost carrier’s increased interest in sustainable aviation fuel (SAF).
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Airline BusinessUS airline industry ‘evermore rigged game’ favouring major carriers: Spirit Airlines CEO
Now at liberty to talk freely about the defunct deal with JetBlue, Spirit Airlines’ chief executive Ted Christie alleges that the US airline system is “rigged” against smaller carriers.
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Airline BusinessWeek 19 2024: Talking points as Korean carriers and Cebu Pacific release earnings
The earnings season continues to have an international flavour this week
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Airline BusinessWhy IndiGo believes time is right for widebody move with A350 order
IndiGo’s recently announced firm order for 30 Airbus A350-900s and 70 options marks the latest headline-grabbing move from an airline that is keen to make use of its unusually solid foundations in India’s often unforgiving airline market.
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Airline BusinessChina factor continues to have big impact on airline industry recovery trends
IATA’s latest monthly data on passenger demand continues to show mostly double-digit year-on-year rises in traffic and capacity, reflecting an industry that still spent much of 2023 playing catch-up with pre-Covid levels, particularly in international markets.
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Airline BusinessLufthansa takes actions as it counts cost of strikes and new pay deals
While Lufthansa Group put much of the focus on strike disruption for the trebling of first quarter losses and a reduced profit outlook for the year, it is almost mindful of the cost implications related to the new pay deals it took to end the disputes.
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Airline BusinessAir France-KLM looks past tricky first quarter towards ‘promising’ summer
Air France-KLM’s latest earnings release essentially left the group in a holding pattern for the coming year in financial terms, with executives expecting better times in the subsequent nine months after tricky operating conditions and one-off costs dented its early 2024 performance.
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Airline BusinessMarch air cargo volumes up 10%: IATA
Positive momentum for air cargo demand continued in March as it became the fourth consecutive month of double-digit year-on-year growth
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Airline BusinessWeek 18 2024: Can European majors fulfil capacity and consolidation aspirations?
This week attention turns to European carrier outlooks as Air France-KLM and Lufthansa become the first of the major European airline groups to report their first quarter financial performance.
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Airline BusinessGoJet dangles hefty signing bonus for captains amid revival of 40 CRJ-family jets
Rick Leach, chief executive of GoJet Airlines, sees a rare opportunity in front of the St Louis-based regional carrier created by slackening demand for pilots among its major US counterparts.
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Airline BusinessSouthwest considering ‘transformational’ changes to single-class cabin: CEO
Southwest Airlines is exploring changes to its single-class cabin, potentially signalling an eventual departure from the carrier’s signature system of no assigned seating.
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Airline BusinessAmerican Airlines ‘on track’ for full-year guidance despite first quarter loss
American Airlines executives point to positive material changes as the year progresses from its loss-making first quarter as reasons why it remains optimistic of meeting its full-year financial targets.
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Airline BusinessNorwegian buoyed by Wideroe impact as losses cut in first quarter
Norwegian flagged improved yields and load factors, together with a boost from the less seasonally affected Wideroe business, during a first quarter in which the airline narrowed operating losses to NKr763 million ($70 million).
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Airline BusinessAir Transat reaching for new horizon with flights to Africa
Eastern Canada’s Air Transat has big ambitions to expand transatlantic flying with its growing fleet of long-range jets, and Africa is now within reach.
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Airline BusinessJetBlue loses $716m amid myriad first-quarter struggles
US carrier JetBlue Airways lost $716 million in the first quarter as “significant elevated capacity” in Latin America and on domestic routes cut into the already-struggling airline’s performance.
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Airline BusinessWeek 17 2024: US carriers join Boeing in outlining first-quarter performance
This week sees US carriers continue their earnings season, with American Airlines, Hawaiian Airlines, JetBlue Airways and Southwest Airlines all due to report.
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Airline BusinessAlaska and United bemoan strong quarters spoiled by Max 9 grounding
On back-to-back days, executives from two major US airlines described how a major safety scare and the related weeks-long grounding of all Boeing 737 Max 9 jets undermined both companies’ otherwise strong first-quarter performances.
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Airline BusinessWhy United’s ‘moat’ gives Kirby confidence high margins are structural
When United Airlines beat analyst expectations this week with a smaller-than-expected first-quarter loss and higher-than-expected revenues, one person who was not surprised was chief executive Scott Kirby.