News from FlightGlobal – Page 117
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NewsOneworld chief Gurney to step down
Oneworld chief executive Rob Gurney is to step down from his role at the helm of the alliance’s central management team this summer.
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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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NewsAir France-KLM narrows loss as revenues surge in first quarter
Air France-KLM posted an operating loss of €306 million ($338 million) for the first quarter on revenue 42% higher than the same stage of last year at €6.33 billion.
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NewsTroubled Go First reportedly owes INR65 billion, as grounding extended
Beleaguered Indian operator Go First has suspended its operations further until 9 May, amid reports that the airline owes creditors over INR65 billion ($796 million).
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NewsAustralian watchdog blocks Virgin Australia-Alliance partnership renewal
Australia’s competition watchdog has rejected an extension of a charter partnership between Virgin Australia and Alliance Aviation, following a six-month consultation period in which it found low support for a continued alliance.
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NewsAir Canada raises profit expectations for 2023
Air Canada has raised its earnings expectations for the full year as passenger demand remains strong and jet fuel prices fall.
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NewsAtlas CEO Dietrich retires; to be replaced by CCO Michael Steen
Atlas Air Worldwide Holdings has said chief commercial officer Michael Steen will succeed retiring CEO John Dietrich next month.
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NewsMexico plans to launch state-run airline with Mexicana assets
Mexico plans to launch a state-owned airline under the currently-defunct Mexicana de Aviacion brand later this year.
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NewsSupply-chain hitches ‘no excuse’ for aircraft delivery delays: Air Lease
US lessor Air Lease is not prepared to let airframers blame the supply chain for aircraft delivery delays, with executive chairman Steve Udvar-Hazy insisting that the manufacturers’ problems are “self-inflicted”. Speaking during a first-quarter briefing, Udvar-Hazy said Airbus and Boeing were increasing production rates across their single-aisle and long-haul ranges ...
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NewsLATAM posts profitable quarter, as passenger revenue jumps
LATAM Airlines Group posted another profitable quarter, driven by a strong rise in passenger revenue, after emerging from bankruptcy protection late last year.
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NewsJetcraft division acquiring 25 ‘sought-after’ CRJ200s for fleet placement
Aircraft trading specialist Jetcraft Commercial is to acquire 25 Bombardier CRJ200 regional jets, and is placing 10 of them with an undisclosed buyer. The company says the engines for the jets being placed will have separately-sourced engines. CRJ200s are equipped with General Electric CF34 powerplants. The other 15 aircraft involved ...
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NewsEmirates and Etihad tighten ties with interline aimed at UAE tourism
Middle Eastern carriers Emirates and Etihad Airways are to forge a closer co-operation through an interline agreement giving travellers greater flexibility when flying into and out of the United Arab Emirates. Under the agreement passengers will be able to purchase a single ticket allowing inbound flight to either Dubai or ...
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NewsFrontier loses $13m in Q1, shifts strategy to peak travel periods
Frontier Airlines is tweaking its network strategy to focus more on peak periods for leisure travel and “reducing under-performing flying”.
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NewsTurkish Airlines continues post-pandemic profit run in first quarter
Turkish Airlines extended its post-pandemic run of net profits for a seventh consecutive quarter, despite the period being marred by the devastating earthquakes centred in Kahramanmaras.
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NewsAllegiant reports $56m Q1 profit on strong demand, ancillary revenue
Ultra low-cost carrier Allegiant Air’s leisure-oriented business is humming along smoothly and shows no sign of slowing.
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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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NewsAir Moldova suspends operations to await court decision on restructuring
Struggling carrier Air Moldova is suspending all operations while it seeks court approval for a restructuring programme intended to avert bankruptcy and put the airline in a sustainable position. The airline says the suspension – which commenced on 2 May – could be lifted within three days, depending on the ...
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NewsRising costs eat into Korean Air Q1 profit
Korean Air posted slimmer profits in the first quarter of this year, as rising fuel and operational costs offset an increase in revenue on the back of travel demand recovery.
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NewsAir India, Vistara enter interline partnership
Air India and Vistara have entered an interline partnership, bringing the two Tata Group carriers closer together pending their merger.
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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.