News from FlightGlobal – Page 191
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NewsImpairment reversal from 737 Max order pushes Norwegian into second-quarter profit
Scandinavian budget carrier Norwegian benefited from the partial reversal of an impairment loss in the second quarter, enabling it to turn in an operating profit of NKr1.36 billion ($141 million) for the period. Norwegian generated NKr4.87 billion in revenues for the three months to 30 June, but the rise in ...
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NewsQantas to reactivate five remaining A380s by end-2023
Qantas is to reactivate its five remaining Airbus A380s by December 2023, as the airline looks to ramp up international capacity, including resuming flights to New York.
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NewsAAPA’s July traffic numbers show Asia-Pacific rebound well underway
Asia-Pacific airlines carried 11.3 million international passengers in July, surpassing the 10 million figure for the first time since February 2020, just prior to the collapse of travel amid the coronavirus pandemic.
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NewsCovid restrictions, fuel costs punish Air NZ’s 2022 results
Air New Zealand’s pre-tax loss widened to NZ$725 million ($450 million) during its 2022 financial year compared with a pre loss of NZ$444 million a year earlier, with the carrier attributing the weakness to previous restrictions related to the coronavirus pandemic and high fuel prices.
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NewsQantas widens full-year loss as operational woes add to ‘extremely challenging time’
Australia’s Qantas fell deeper into the red in its 2022 financial year, during which the “existential crisis” of the coronavirus pandemic soon gave way to a well-publicised series of operational snares.
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NewsEx-Nokia executive takes top financial post at Finnair
Finnair has named former Nokia finance head Kristian Pullola as its new chief financial officer, succeeding Mike Stirkkinen. Pullola worked at Nokia for some 21 years and became chief financial officer of the mobile communications firm in early 2017, leaving the company in August 2020. He will join Finnair on ...
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NewsDoncaster Sheffield airport proposals fail to emerge but board extends consultation
Doncaster Sheffield airport’s operator has extended a consultation period on the facility’s future, but indicates that solid strategies to address its weak aviation prospects have not been forthcoming. The consultation will stay open until 16 September, enabling key stakeholders to conclude discussions. But the UK airport’s board says there has ...
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NewsKenya Airways narrows first-half loss on pick-up in passenger business
Kenya Airways cut its first half losses by almost a third as the reopening of travel markets enabled it to more than double passenger revenues.
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NewsBrussels Airlines studies options for expansion as it reinforces winter staffing
Brussels Airlines is analysing a number of development paths to expand its fleet and staff base, as passenger demand returns and it looks to capitalise on its restructuring initiative. The carrier has been implementing a restructuring programme, known as ‘Reboot Plus’ and says it has achieved a “very strong and ...
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NewsVirgin Australia doubles 737 Max 8 order with four additional aircraft
Virgin Australia will add another four Boeing 737 Max 8 aircraft to its fleet, amid sustained strong demand for travel, and in line with fleet growth plans.
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NewsFrench start-up Happy crowdfunds to establish Strasbourg-based operation
Proposed French start-up Happy Airways is seeking investors – including financing through crowdfunding – in order to establish an operation from Strasbourg. Happy Airways argues that Strasbourg’s network is “undeveloped” in comparison with demand, and is aiming to set up ATR 72-600 turboprop services to 14 potential destinations. The start-up’s ...
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NewsANA to fully recover domestic network by end-October, eyes international uptick
All Nippon Airways (ANA) and low-cost unit Peach will restore domestic flying to pre-pandemic levels in the coming months, as it eyes “proactively increasing” international flights if and when Japan’s border restrictions ease further.
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NewsAir Canada sees ‘large opportunity’ in an expanded cargo service: CFO
Air Canada sees transporting frieght as a “large opportunity” even after passengers return to air travel following the two-year industry crisis.
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NewsExpressJet, operating as Aha, files for bankruptcy
ExpressJet, in its rebranded incarnation called Aha, has filed for bankruptcy and ceased flight operations.
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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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NewsGatwick lifts 2022 traffic outlook on strong second quarter
London Gatwick airport now expects to handle 32.8 million passengers this year after a stronger recovery in the second quarter than it had originally anticipated.
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NewsKLM promotes hub head to chief operating officer role
KLM has promoted its current senior vice-president of hub operations, Maarten Stienen, to fill its vacant chief operating officer role.
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NewsAer Lingus and British Airways sign for sustainable fuel at San Francisco
IAG carriers British Airways and Aer Lingus will both benefit from a sustainable aviation fuel agreement covering their operations to San Francisco. The airlines have reached a deal with Californian renewable fuels firm Aemetis which involves its delivering 78,400t – around 26 million gallons – of fuel to the carriers ...
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NewsSydney, Melbourne, Auckland airports bemoan labour woes
Sydney Airport’s traffic has some way to go until reaching 2019 numbers, as it and other peer airports bemoan labour challenges.