News from FlightGlobal – Page 18
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NewsSwiss first-quarter profit slips as yields decline and costs rise
Swiss International Air Lines cites lower yields, a weaker cargo business, inflation and higher fuel and personnel costs contributed to lower profit for the first quarter of 2024.
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NewsAir France-KLM reports deeper first-quarter loss after operational disruption
Air France-KLM’s operating loss deepened in the first quarter of 2024, as “exceptional” operational disruptions and falling cargo revenue dented the European airline group’s performance.
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NewsLufthansa looks to summer and cost-savings after strike-hit first quarter
Lufthansa Group is taking encouragement from strong summer demand after confirming a financial hit from strike disruption, increased costs, and lower than expected capacity expansion in wider first quarter losses.
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NewsAsia-Pacific carriers ride wave of travel demand in March: AAPA
Asia-Pacific airlines continued to enjoy strong international growth in March, with leisure and business travel surging.
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NewsChina Southern swings to Q1 profit as peers languish in the red
China Southern Airlines was the sole carrier among the country’s three largest operators to swing back to black in the first quarter of the year, even though they all saw revenues improve.
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NewsEstonian authority seeks alternative to GPS navigation as Finnair suspends Tartu flights
Estonia’s air traffic control service is looking to reinforce its navigation systems to offer an alternative to GPS owing to recent jamming of the signal.
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NewsBonza suspends flights as continued viability questioned
Australian budget carrier Bonza has suspended operations on 30 April, raising questions about the viability of the two-year-old airline.
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NewsChina Southern joins C919 club with 100-aircraft order
China Southern Airlines has entered into an agreement with Comac to purchase 100 C919 narrowbodies, days after compatriot Air China placed an order for 100 examples.
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NewsLimits imposed on Tarom as EU approves financial aid for restructuring
Romanian flag-carrier Tarom has secured European Commission clearance for a financial restructuring package, which it will use for initiatives including fleet renewal.
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NewsSAS signs formal alliance agreement ahead of SkyTeam entry in September
Scandinavian flag-carrier SAS has signed the formal alliance adherence agreement which will lead to its accession to SkyTeam on 1 September.
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NewsAzul will add 13 Embraer E195-E2 jets to its fleet this year
Brazilian carrier Azul will add 13 new Embraer 195-E2 jets to its fleet in 2024, representing an investment of R3 billion ($590 million).
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NewsMalaysia Aviation Group breaks ground for new flight simulator centre
Malaysia Aviation Group (MAG) has began construction work on a new flight simulator training facility near Kuala Lumpur International airport.
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NewsIAG and Air Europa formally notified of EU competition concerns over proposed tie-up
British Airways and Iberia parent IAG has been told that its proposed acquisition of Air Europa could restrict competition, particularly on routes to and from Spanish cities. The European Commission has outlined its concerns in a formal statement of objections to the companies, as it continues its in-depth investigation into ...
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NewsAir China signs for 100 C919s
Air China has entered into an agreement with Comac for the purchase of 100 C919 aircraft, becoming the latest high-profile customer for the narrowbody programme.
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NewsComac jets ‘worth looking at’ for AirAsia future fleet growth: Fernandes
AirAsia Group advisor Tony Fernandes is not ruling out Comac aircraft from future fleet planning, becoming the latest in a growing number of airline leaders to comment on the Chinese airframer.
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NewsPlay partly blames ‘inaccurate’ coverage of volcanic activity for first-quarter loss
Icelandic budget carrier Play is attributing first-quarter losses partly to news coverage of recent volcanic activity, which the airline claims was “inaccurate”. Play says a $20.4 million loss before interest and tax was “heavily affected” by the coverage, although it had been expecting a negative impact. “Now the results are ...
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NewsInternational travel demand drives ANA revenues and operating profits
Strong travel demand and cost controls helped ANA Holdings, the parent of All Nippon Airways, power to a record operating profit its latest financial year.
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NewsAirAsia divestment gets go-ahead in MYR6.8 billion deal
Malaysia’s Capital A has divested its aviation business in Southeast Asia to associate AirAsia X, in a deal valued at around MYR6.8 billion ($1.4 billion).
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NewsUK ministers firm sustainable fuel plan with 2% 2025 target
UK ministers have formally set out plans to mandate the use of sustainable aviation fuels, beginning next year with a requirement for 2% of jet fuel to be sustainably sourced.
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NewsLufthansa reveals first aircraft with long-delayed ‘Allegris’ cabin update
Lufthansa revealed the first aircraft equipped with its new “Allegris” cabin updates on 25 April, more than a year late owing to supply chain and airframer delays.