All articles by Lewis Harper – Page 19
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NewsIAG reports Q1 operating profit as leisure demand gives it summer confidence
British Airways and Iberia parent IAG saw stronger-than-expected performances from all of its airlines in the first quarter of 2023, as buoyant leisure demand helped the European group to achieve a small operating profit during what is a seasonally weak three months.
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NewsIberia names temporary chief executive
Spanish airline Iberia has named Fernando Candela Perez as its new chairman and chief executive, effective from July through to the end of 2023, following Javier Sanchez-Prieto’s decision to step away from the business.
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Airline BusinessQantas CEO succession a fitting outcome after Joyce’s diversity focus
It is Alan Joyce’s exit from Qantas that has perhaps brought the most high-profile evidence of his diversity and inclusion efforts, with the appointment of chief financial officer Vanessa Hudson as his successor.
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NewsThird of Swiss A220s grounded as Lufthansa boss lists supply constraints
One-third of Swiss’ Airbus A220 fleet is currently grounded amid supply-side challenges that will be a “major driver” of the industry in the coming years, according to Lufthansa Group chief executive Carsten Spohr.
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NewsLufthansa predicts ‘summer travel boom’ after loss-making Q1
Lufthansa Group says it is on track to exceed its pre-Covid financial performance in the second quarter of the year, despite capacity still being significantly down on 2019 levels, amid strong post-Covid demand for travel.
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Airline BusinessWill there be enough clean energy to produce future fuel for airlines?
A report published this week highlights the huge amount of new infrastructure and investment required to ensure there will be enough clean energy to produce the alternative fuels that will power the aviation sector towards decarbonisation.
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NewsFinnair cautious on post-summer demand as it welcomes small Q1 profit
Finnair highlighted uncertainty about the durability of high passenger demand as it reported its third consecutive quarterly operating profit amid a strategic overhaul of the business.
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Airline BusinessWhy European short-haul travel will become more expensive
Analysts at Bernstein this week became the latest industry observers to suggest that airlines will need to charge more for short-haul air travel as the decade progresses, in response to European Union measures aimed at reducing carbon emissions.
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NewsEtihad ‘sustainable aviation’ claims rebuked by UK advertising authority
Etihad Airways has become the latest carrier to have its sustainability claims rebuked by the UK’s advertising watchdog, as airlines grapple to get their messaging right on the industry’s most-pressing topic.
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Airline BusinessAirline Business Covid-19 recovery tracker: April 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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NewsA220 engine ‘in maintenance for 386 days’ but Air Baltic chief foresees improvement
Air Baltic has seen maintenance of the Pratt & Whitney PW1500G geared turbofans (GTFs) that power its Airbus A220-300 fleet take months longer than expected as supply-chain and labour challenges weigh on the MRO sector, but the airline expects the situation to improve.
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NewsAir Baltic chief reiterates interest in stretched A220 as options decision looms
Air Baltic would still consider taking a stretched version of the Airbus A220 – widely dubbed the A220-500 – should the variant become available in the right timeframe for its outstanding order options.
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NewsFinnair chief sees some travellers avoiding Russian overflights with Chinese airlines
The chief executive of Finnair has acknowledged that Chinese airlines have an advantage over European carriers in still having access to Russian airspace, but says he does not expect all passenger segments to take up that option.
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NewsEurocontrol says pent-up demand ‘vivid’ but full traffic recovery still set for 2025
Eurocontrol has revised slightly upwards its forecast for flight movements in Europe in 2023 and 2024 but continues to predict that 2019 levels will only be reached in 2025.
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Airline BusinessAirline Business performance tracker: Asia-Pacific Q4 2022
Key data from the most-recent Asia-Pacific earnings period – the fourth quarter of 2022 – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsFirst ITA Airways A330neo emerges from Airbus assembly line
ITA Airways’ first Airbus A330-900 emerged from the hangar at the airframer’s final assembly line in Toulouse on 31 March.
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NewsCommercial chief to become new Lufthansa Cargo boss
Lufthansa Cargo’s chief commercial officer will be promoted to chief executive following the departure of Dorothea von Boxberg to Brussels Airlines.
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NewsRolls-Royce overhauls executive team as transformation ramps up
Rolls-Royce has announced several changes to its executive team following the launch in February of a business transformation effort by new chief executive Tufan Erginbilgic.
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Airline BusinessWhy Lufthansa chief likens Europe’s airlines to German cars, Swiss watches and French handbags
The Airlines for Europe (A4E) Aviation Summit on 29 March saw the chief executives of Europe’s biggest airlines make familiar pleas to the European Commission for action on topics such as sustainable aviation fuel, EU261 and air traffic management.
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NewsChatGPT already offering ‘immediate-term business benefits’ for airlines
The leaders of Air Baltic and Finnair have joined other industry chief executives in talking up ChatGPT’s potential to positively impact their businesses across a range of functions.