All articles by Lewis Harper – Page 17
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Airline BusinessWeek 23 2024: Global profit boost from IATA
The airline industry has gathered in Dubai this week for the annual IATA AGM
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NewsIATA boosts airline profit forecast to $30.5bn
IATA is now forecasting that the global airline industry will this year exceed the profitability it achieved in 2023, although it notes that margins remain thin.
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Airline BusinessIATA’s Walsh hails success on SAF awareness as industry gathers in ‘good place’
Pleased that the industry is finally hitting pre-Covid milestones, IATA chief calls for action on sustainable fuel and taxation
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NewsEmirates has observed rise in turbulence incidents: Clark
Emirates has observed an increase in the amount of turbulence on its flights, prompting the industry to ‘up its game’, according to airline president Tim Clark.
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NewsNigeria pays up but airlines still face $1.8bn in blocked funds
Blocked airline funds have fallen by 28% after Nigeria cleared most of its backlog but the issue continues to be acute in several countries, particularly Pakistan and Bangladesh.
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Airline BusinessQ1 2024 global performance report for benchmark airlines
The global airline industry saw its financial performance improve year on year during the first quarter of 2024, although the period lived up to its seasonally weak reputation in Europe and North America
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Airline BusinessQ1 2024 performance report for benchmark Asia-Pacific airlines
Full first-quarter 2024 earnings from Airline Business’s benchmark carriers reflects a strong performance from the Asia-Pacific region in financial and traffic terms. Aggregate data for the 11 airlines and groups shows revenues surging by 20% year on year to $34.6 billion, with the operating profit more than doubling to $1.36 ...
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Airline BusinessQ1 2024 performance report for benchmark European airlines
Full first-quarter 2024 data for Airline Business’s benchmark airlines in Europe reflects an inauspicious start to the year for many airlines, albeit most earnings commentaries suggest things are set to improve
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Airline BusinessWeek 22 2024: Updates on SIA incident as earnings season winds down
This week is likely to see continued updates regarding a fatal incident on a Singapore Airlines Boeing 777-300ER flight on 21 May
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Airline BusinessWhy is IndiGo launching a business-class product?
IndiGo’s announcement on 23 May that it will launch a business-class product later this year comes as the carrier seeks an even stronger stranglehold in India’s growing airline market.
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NewsProfitable IndiGo to launch business-class product
Low-cost carrier IndiGo will launch a business-class product on some of its flights by the end of this year, in the latest diversification step from the expansion-minded Indian airline.
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Airline BusinessAirbus order is latest reminder of Saudi Arabia’s ambition
The 105 narrowbody jets – A320neos and A321neos – are destined for Jeddah-based Saudia and its low-cost unit Flyadeal, with deliveries spanning 2026 to 2032.
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Airline BusinessRyanair relaxed on near-term fare softness as Europe grapples with capacity caps
Ryanair has been surprised by some softness in fares for bookings in the April-June quarter despite much-discussed capacity constraints in Europe’s short-haul sector, but expects improvements for the summer peak and for the business’s cost advantage over rivals to increase. Those were among the observations from group chief executive Michael ...
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Airline BusinessWeek 21 2024: Low-cost latest from Europe and Asia
The first-quarter 2024 earnings season enters its final stretch this week, as a number of low-cost carriers join Turkish Airlines in outlining their January-March results.
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Airline BusinessQ1 2024 performance report for benchmark Latin American airlines
Full results for the first quarter of 2024 from our benchmark airlines in the Latin America region reflect a positive performance during what is the high season for travel at most operators.
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Airline BusinessWelcome to Airline Business
The Airline Business website is the latest evolution of a brand that has spent 40 years covering the global airline industry as part of the FlightGlobal family
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Airline BusinessQ1 2024 performance report for benchmark North American airlines
Full first-quarter 2024 data for Airline Business’s benchmark airlines in North America shows revenue, traffic and capacity rising year on year, but profitability taking a hit amid a string of challenges for low-cost carriers in particular. That dynamic saw the 11 carriers’ combined operating loss jump by more than $150 ...
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Airline BusinessWeek 20 2024: Latest from Brazil as more carriers report Q1 earnings
Two industry stalwarts report their January-March 2024 financials this week, while there will be an update from a turbulent Brazilian market
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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 BusinessWeek 19 2024: Talking points as Korean carriers and Cebu Pacific release earnings
The earnings season continues to have an international flavour this week