All articles by Lewis Harper – Page 14
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Airline BusinessRevenues power airlines above 2019 benchmark despite lagging traffic and capacity
The latest Airline Business Index shows the second quarter of this year was marked by soaring revenue and a jump in passenger numbers, as the industry exceeded the 2019 benchmark index score for the first time since the pandemic.
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Airline BusinessAirline Business performance tracker: Asia-Pacific Q2 2023
Key data from the most-recent Asia-Pacific earnings period – the April-June 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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Airline BusinessAirline Business performance tracker: Europe Q2 2023
Key data from the most-recent European earnings period – the April-June 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsMonarch revival in doubt as funding runs out
An effort to revive UK leisure carrier Monarch Airlines has stalled, barely two weeks since its relaunch was announced.
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Airline BusinessIs Ryanair right about competition in Germany’s airline market?
Although Ryanair and its chief executive Michael O’Leary have a long history of criticising Lufthansa’s market dominance, the Irish carrier’s latest complaints regarding German airport fees highlight some noteworthy market dynamics in the country at this stage of the Covid-19 recovery.
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NewsNorwegian having ‘one of the best summers ever’ as bookings stay strong
Norwegian is seeing no slowdown in the strong bookings trends it has experienced so far this summer, with its profitable second-quarter performance expected to extend into the current three-month period.
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NewsNorwegian evaluating 737 Max 10 after receiving ‘new information’ on range
Norwegian is “seriously evaluating” converting some of its Boeing options into a 737 Max 10 order, with the variant potentially suitable for destinations such as the Canary Islands and an unannounced new base.
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Airline BusinessHow Peter Foster is keeping Air Astana on a growth path despite post-Covid challenges
Under the long-term leadership of Peter Foster, Kazakhstan’s flag carrier managed to remain profitable last year as it grew above pre-Covid traffic levels, having already moved back into the black in 2021. And its growth is continuing this year
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Airline BusinessMore signs of airline markets ‘normalising’ as fares soften
While airline executives are not panicking about the outlook, there have been increasing indications of passenger market ‘normalisation’ spreading to more regions, as carriers report fares softening from the highs seen in 2022
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Airline BusinessAirline Business performance tracker: Americas Q2 2023
Key data from the most-recent Americas earnings period – the April-June 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsPegasus sees post-Covid travel boom ebbing after ‘strong’ second quarter
Pegasus has reinstated its strategic focus on boosting load factors and ancillary revenues as the post-Covid travel boom subsides in the second half of 2023.
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Airline BusinessAirline Business Covid-19 recovery tracker: August 2023 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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Airline BusinessAir cargo grapples with plummeting rates and freighter oversupply fears
The global air cargo market is heading for a potential “winter of discontent” amid rapidly falling rates, softening demand and rising capacity.
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NewsTUI back in profit and confident hotter summers create opportunities
TUI Group has reported its first fiscal third-quarter profit since the Covid-19 pandemic, supported by strong demand and high prices in a European peak travel season that has since been marked by heatwaves and widespread coverage of wildfires in Rhodes
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NewsAir Baltic swings to first-half profit despite A220 engine woes
Air Baltic overcame the impact of around 25% of its own fleet being grounded during the second quarter to report a profitable first half of 2023.
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NewsPakistan earmarks struggling PIA for privatisation
Cash-strapped Pakistan has announced its intention to privatise flag carrier Pakistan International Airlines, as the country works to stabilise its economy.
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Airline BusinessHow agile Air Serbia is finding a profitable growth path
When it comes to examples of airlines exiting the Covid-19 crisis as bigger, more confident operations, Air Serbia is a compelling case, even as it grapples with the capacity constraints that are being felt across the industry.
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Airline BusinessUS pent-up demand shifts to long-haul at expense of domestic
A curious consequence of the Covid-19 recovery has become apparent during the current earnings season, as domestic-focused US carriers report a stronger-than-expected shift in pent-up demand towards international, long-haul flying.
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NewsWizz Air swings to quarterly profit as ticket revenue soars
Central European budget carrier Wizz Air swung to operating and net profits during the April-June period, on record passenger numbers and high yields.
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NewsProfitable Lufthansa foresees ‘unabated’ demand across rest of 2023
Lufthansa Group’s adjusted EBIT surged above €1 billion ($1.1 billion) in the second quarter, buoyed by strong demand and high yields amid industry-wide supply constraints.