All articles by Lewis Harper – Page 19
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Airline Business
Latest Airline Business Index shows Q3 revenue matched pre-Covid level
The latest Airline Business Index shows the global airline industry’s revenue during the third quarter of 2022 matched that seen in the same month of 2019, marking the first time any of the four measures have achieved that milestone since Covid-19 hit.
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IndiGo still cool on hedging despite fuel and currency challenges
IndiGo remains unconvinced that fuel and foreign exchange hedging would be beneficial to the business, despite such costs weighing heavily on its financial performance in its fiscal second quarter.
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IndiGo finalising wet-lease deal to offset aircraft delivery delays
Indian low-cost carrier IndiGo is close to securing wet-lease capacity as global supply-chain challenges weigh on aircraft deliveries.
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IndiGo reels from currency impact as Q2 net loss hits Rs15.8 billion
Low-cost carrier IndiGo reported a net loss of Rs15.8 billion ($192 million) for the three month period ending 30 September, as currency losses and fuel costs weighed on the operator’s performance during what is seasonally its weakest quarter.
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News
Singapore Airlines reports highest-ever group operating profit and revenue for Q2
Singapore Airlines Group recorded its highest-ever operating profit and revenue for its fiscal second quarter, despite passenger capacity and traffic still being significantly down on pre-Covid levels.
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Airline Business
Why airline confidence is high despite headwinds
A quote from Lufthansa Group chief executive Carsten Spohr seemed particularly pertinent during the European airline results bonanza at the end of last week.
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News
Turkish Airlines reports Q3 net profit of $1.5bn as passenger revenue surges
Turkish Airlines has reported a net profit of $1.5 billion for the third quarter of 2022, as capacity, traffic and yields – as well as costs – surged beyond pre-Covid levels.
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TAP chief welcomes acquisition interest as carrier reports record Q3 revenue
TAP Air Portugal’s chief executive has welcomed the interest from Air France-KLM – and potentially others – in acquiring a stake in the Star Alliance carrier as it reported its highest-ever third-quarter revenue and forecast a “good” full-year performance.
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Aeroitalia signs for three 737 Max 8s from Air Lease
Aeroitalia is to take three Boeing 737 Max 8 jets on long-term placements from Air Lease, as the Italian start-up carrier seeks to expand its operations in the coming years.
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Ryanair reports October traffic up 14% on 2019, while Wizz sees 22% rise
Ryanair exceeded its pre-Covid passenger numbers by nearly 2 million in October this year, while rival Wizz Air reported traffic up by around 800,000 passengers on the same basis.
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Air France-KLM eyes TAP, Transavia and territories for growth as ITA deadline nears
Air France-KLM is studying consolidation opportunities in Europe and beyond as the exclusivity period for negotiations on an ITA Airways stake comes to an end, but also cites firm plans to expand within the limits of its current operations.
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Airline Business
Industry primed for e-commerce as Hawaiian signs Amazon deal
News on 21 October that Hawaiian Airlines has agreed to operate at least 10 Airbus A330-300 Freighters for Amazon comes as more airlines benefit from e-commerce demand. “This relationship provides a catalyst to grow our business and the unique opportunity to diversify our revenue sources while capitalising on our established ...
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Air France-KLM operating profit tops €1bn in Q3 despite Schiphol challenges
Air France-KLM expressed confidence about the winter demand outlook as it reported an operating profit of €1.02 billion ($1.02 billion) for the third quarter of 2022.
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IAG confirms order for 37 more A320neos after shareholder approval
British Airways and Iberia parent IAG has confirmed an order for 37 A320neo aircraft, after its shareholders approved the purchase on 26 October. The order was announced in late July and followed agreements earlier in the year for 22 A320neo-family jets, meaning IAG has now made firm commitments for 59 ...
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News
Shortage of 787 cockpit windows reflects industry-wide supply constraints: Lufthansa chief
Lufthansa Group chief executive Carsten Spohr continues to insist that the global aviation industry will see constrained capacity for the foreseeable future as it seeks to serve resurgent demand for air travel.
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Lufthansa earmarks three A380s for 2023 return and expects more to follow
Lufthansa is planning to return three Airbus A380s to its Munich base from June next year, but is also working on a plan to increase that number.
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Lufthansa Group reports strong forward demand as Q3 profit exceeds €1bn
Lufthansa Group is expecting strong demand for air travel to continue “into the coming months”, despite the economic and geopolitical headwinds faced by the airline industry and wider economies.
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News
Norwegian trialling expansion beyond Nordics with Riga base
Norwegian views its plan to base two aircraft at Riga International airport from summer 2023 as a “kind of a test” regarding the viability of expanding beyond its current markets.
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News
Norwegian saw historic-high unit revenue during profitable third quarter
Scandinavian carrier Norwegian achieved an operating profit of NKr1.03 billion ($100 million) during the third quarter of 2022, driven by high unit revenue.
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Air Cote d’Ivoire orders two A330neos
Air Cote d’Ivoire has placed a firm order for two Airbus A330neos as it seeks to expand into long-haul markets