All articles by Lewis Harper – Page 22
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NewsTAP sees strong summer recovery but ‘uncertain prospects’ going into 2023
TAP Air Portugal claims to be recovering “more rapidly than its peers” from the Covid-19 crisis, while also acknowledging that its future health depends on execution of its restructuring plan amid a long list of headwinds. Announcing its second-quarter results on 23 August, the Lisbon-based carrier said that revenues of ...
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NewsRyanair upgrades full-year traffic forecast after BA’s winter cuts
Ryanair has upgraded its full-year traffic forecast to 166.5 passengers, from 165 million, as it announced extra capacity on its UK services for the coming winter season.
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NewsIATA urges Nigeria to release blocked funds as Emirates suspends flights
IATA has lamented Nigeria’s lack of action to address the repatriation of airline funds, after Emirates announced it would suspend services to the country from 1 September because of the issue. The airline money blocked by the Nigerian government grew to $464 million in July, IATA said on 18 August, ...
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NewsGulf Air joins IndiGo in adding Ras Al Khaimah link
Gulf Air will serve its third airport in the United Arab Emirates from 3 October, when it commences flights to Ras Al Khaimah International airport.
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Airline BusinessFeeling supersonic: why Boom divides the room
News this week that American Airlines has joined United Airlines in signing up for Boom’s Overture jets has reignited the debate about whether supersonic flight has a role to play in the modern commercial air transport sector. The theoretical competitive advantages of such aircraft are obvious. “Boom Supersonic’s Overture would ...
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NewsPegasus saw strong demand recovery in Q2 but weak euro hits bottom line
Turkish budget carrier Pegasus saw international capacity and traffic exceed pre-Covid levels in the second quarter of this year, as leisure demand in particular “outpaced initial expectations”. That development helped the carrier to a €28 million ($28.5 million) operating profit for the three months to 30 June, Pegasus said on ...
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NewsIAG takes 20% stake in Air Europa
British Airways and Iberia owner IAG has converted a loan to the parent company of Air Europa into a 20% stake in the airline.
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NewsBlacklisted Iraqi Airways seeks wet-leased aircraft for European flights
Iraqi Airways has issued a request for proposals for wet-leased or ACMI aircraft for operations to Europe amid a continued blacklisting of the carrier by the European Commission. Hoping to take advantage of a provision in the blacklisting that allows banned carriers to undertake operations via wet-lease agreements with other ...
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NewsFormer Ryanair executive returns to Malta with Wizz Air
Wizz Air has announced that its new Maltese subsidiary will be led by former Ryanair executive Diarmuid O Conghaile. The low-cost group expects to launch the new unit “later this year”, it said on 15 August, with O Conghaile becoming managing director from 1 November, having stepped down from his ...
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Airline BusinessAirline Business Covid-19 recovery tracker: August 2022 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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NewsNew Ethiopian Airlines chief aims for near-doubling of fleet under 2035 roadmap
Recently appointed Ethiopian Airlines chief executive Mesfin Tasew has embraced the ‘Vision 2035’ roadmap introduced by his predecessor Tewolde GebreMariam in 2019, as he aims to keep the carrier on an aggressive growth path.
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NewsRolls-Royce chief sees ‘breathing space’ in widebody delivery ramp-up
The market for new widebody powerplants served by Rolls-Royce is not experiencing the “very intense” pressures on supply chains seen in the narrowbody sector, according to the engine-maker’s outgoing chief executive Warren East. Speaking during a first-half earnings call on 4 August, East explained that while the single-aisle market is ...
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Airline BusinessAirlines report profits amid troublesome geopolitical and economic outlooks
The current financial results season has seen more airline groups return to profit for the quarter ending 30 June, with many reporting higher-than-expected demand and strong yields in passenger and cargo markets. The latest to report is Lufthansa Group, which today cited a “boom in demand for airline tickets” as ...
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NewsAir Greenland A330-800 emerges from paintshop
The first pictures have been released of Air Greenland’s Airbus A330-800 in the carrier’s distinctive red livery, after it emerged from the paintshop. The Kangerlussuaq-based operator is set to take delivery of the Rolls-Royce Trent 7000-powered twinjet later this year as it replaces its ageing A330-200. Air Greenland A330-800 ...
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NewsBoom supersonic airliner compatible with sustainability strategy: United executive
Operating supersonic aircraft can be compatible with United Airlines’ efforts to reduce its environmental footprint and reach net-zero CO2 emissions, according to the carrier’s chief sustainability officer Lauren Riley. United last year agreed to purchase 15 of Boom’s supersonic Overture jets, drawing some criticism to an airline that is often ...
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NewsAirbus and Boeing delays add to ‘global supply bottleneck’: Lufthansa chief
Aviation is facing a “global supply bottleneck”, in the view of Lufthansa Group chief executive Carsten Spohr, which will constrain capacity going into 2023 and support “sustainable” yields at the European airline group. “The times of overcapacity as we have seen, for example, right before the pandemic, we believe are ...
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NewsLufthansa Group reports Q2 profit despite disruption keeping airlines in red
Lufthansa Group achieved an operating profit of €393 million ($400 million) in the second quarter of this year and is “optimistic” for the full year, even as disruption-related costs kept its airlines unit in the red. The group’s cargo business was a standout performer for the three months to 30 ...
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Airline BusinessUnited Airlines sustainability chief seeks SAF acceleration as e-fuels excite
The shift to sustainable aviation fuels (SAF) needs to accelerate, in the view of United Airlines chief sustainability officer Lauren Riley, as part of an industry transformation that could one day see CO2-as-a-feedstock become the “future of flying”. Speaking to FlightGlobal in mid-July on the sidelines of this year’s Airline ...
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NewsRyanair exceeded pre-Covid passenger numbers by 2 million in July
Ryanair continued to reach new traffic highs in July, as it served 16.8 million passengers – some two million more than it recorded for the same month of 2019 and 0.9 million up on the previous all-time record seen in June this year. The Irish carrier and budget rival Wizz ...
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NewsEmirates restarts Stansted flights as it nears 75% of pre-crisis UK capacity
Emirates has resumed flights to London Stansted airport, bringing to three the number London gateways again served by the Middle Eastern carrier. Long an operator into London’s Heathrow and Gatwick airports, Emirates added Stansted flights in mid-2018, only for the route to be dropped in March 2020 when the pandemic ...