News from FlightGlobal – Page 17
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NewsPAL parent sees Q1 profit dip amid cost pressures
Philippine Airlines parent PAL Holdings saw first-quarter profits decline on the back of cost pressures, but notes that this was “an expected outcome” as travel demand normalises.
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NewsFrontier expects capacity shift to pay off this spring
US ultra-low-cost carrier Frontier Airlines expects its new network strategy focused on overlooked markets with less competition from its rivals will start paying off soon.
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NewsInitial A380 for UK start-up Global arrives in Scotland after gear-down transatlantic crossing
UK start-up Global Airlines’ first Airbus A380 has arrived in Scotland ahead of undergoing maintenance and an interior refurbishment before being put into service. The ex-China Southern Airlines aircraft departed its storage location at Mojave on 30 April, for a 17h journey to Glasgow Prestwick via a refuelling stop at ...
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NewsAir Canada lost C$81m in first quarter as costs rose
Air Canada lost C$81 million ($59 million) in the first quarter of 2024 as higher costs related to increased capacity, and less cargo revenue, weighed on the company.
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NewsIATA’s Walsh blasts Germany for ‘unhealthy obsession’ with aviation taxes
IATA has blasted the German government for a rise in aviation taxes that went into effect on 1 May.
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NewsOman Air transformation to be led by Flyadeal chief Korfiatis
Middle Eastern carrier Oman Air has named Con Korfiatis, the head of Saudi budget airline Flyadeal, as its chief executive. Korfiatis will succeed acting chief Nasser Al Salmi, the airline’s chief operating officer, who stepped up to the top post last year in place of Abdulaziz Al Raisi. The appointment ...
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NewsJazeera blames currency fluctuations as first quarter performance dips
Kuwaiti budget carrier Jazeera Airways is blaming adverse foreign currency effects for a first-quarter net loss of KD2.7 million ($8.8 million). The figure is a reversal of the KD2.3 million profit achieved in the same quarter last year. Jazeera Airways says the result was “mainly due” to the impact of ...
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NewsRoyal Jordanian’s aspiration for full-year profit dashed by Gaza conflict
Royal Jordanian Airlines has disclosed that the Israeli-Gaza conflict resulted in a near-JD40 million ($56 million) impact on revenues in the fourth quarter of last year. The flag-carrier turned in a full-year net loss of JD8.7 million, despite efforts to reduce expenditure and cut costs, says chief executive Samer Majali. ...
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News‘My final chapter’: AirAsia’s Fernandes hints at retirement following aviation unit consolidation
AirAsia founder Tony Fernandes is likely to step down from the company at the end of his newly-renewed contract, which runs for another five years, calling it his “final chapter”.
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NewsLessor Avation boosts ATR 72 portfolio with 10-aircraft order
Singapore-based lessor Avation has ordered 10 ATR 72-600s and signed purchase rights for another 24 examples.
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NewsAustralian watchdog proposes to approve Air NZ, Virgin Australia codeshare
The Australian Competition and Consumer Commission (ACCC) is proposing to authorise a unilateral code-sharing agreement between Virgin Australia and Air New Zealand.
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NewsAirAsia Cambodia begins commercial operations
AirAsia Cambodia – the low-cost airline group’s newest unit – has began operations, operating from its Phnom Penh hub to Siem Reap and Sihanoukville.
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NewsSmoke prompted emergency evacuation of departing Laser MD-82
Venezuelan authorities have disclosed that smoke emitted from the fuselage of a Laser Airlines Boeing MD-82 prompted an evacuation at the gate in Caracas. The twinjet had been preparing for departure to Santo Domingo, in the Dominican Republic, on 28 April. Venezuela’s national civil aeronautics institute INAC states that the ...
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NewsTrueNoord acquires another batch of regional aircraft from Nordic Aviation Capital
Lessor TrueNoord has taken over a batch of eight aircraft from Nordic Aviation Capital, its third such transaction with the company. TrueNoord says it has completed the acquisition agreement for seven Embraer 190s and a single De Havilland Dash 8-400. The transaction means it has committed to purchasing a total ...
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NewsTwenty airlines told to amend sustainability claims in EU ‘greenwashing’ crackdown
Twenty airlines have been told by the European Commission to bring their practices into line with European consumer law, after concerns that they are making misleading claims over sustainability. The notification to the carriers – which have not been identified – follows a multinational examination of claims that carbon dioxide ...
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NewsLufthansa sees revised capacity outlook in line with risk of delivery delays
Lufthansa Group believes it has already factored in the impact of aircraft delivery delays this year after scaling back its capacity growth aspirations.
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NewsAvianca turns first-quarter profit as passenger revenue rises and cargo sags
Colombia’s Avianca reported a $13 million profit in the first quarter, reversing last year’s $12 million loss for the first three months of the year.
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NewsSpohr hopeful of ITA acquisition approval this summer
Lufthansa Group chief executive Carsten Spohr is optimistic it can secure approval for its planned acquisition of Italian carrier ITA Airways this summer amid what he describes as “constructive” talks with European competition regulators.
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NewsPlay finance chief steps down after steering IcKr4.6bn capital raise
Icelandic budget carrier Play’s chief of finance, Olafur Thor Johannesson, is stepping down from his position, resigning just a few weeks after the departure of chief executive Birgir Jonsson. Johannesson will stay in the role until a successor is appointed. New chief executive Einar Orn Olafsson says Johannesson has been ...
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NewsGrounded Bonza appoints administrators
Australian budget carrier Bonza has entered voluntary administration after suspending flights earlier on 30 April.