News from FlightGlobal – Page 204
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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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NewsRussian government hands out subsidies to support beleaguered carriers and airports
Russia’s federal aviation regulator has outlined the scale of subsidies paid to support the country’s air transport industry following the introduction of international sanctions resulting from the Ukrainian conflict. Rosaviatsia is implementing four support schemes with a budget of over Rb125 billion ($2 billion). Thirty-two airlines have received a combined ...
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NewsPAL swings to profitability amid surge in passenger revenue
Philippine Airlines swung back to the black for the first half of 2022, posting an operating profit of Ps6.6 billion ($120 million), compared to Ps4.7 billion loss reported in 2021.
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NewsIndiGo sharply narrows net loss on soaring revenues
Indian low-cost carrier IndiGo sharply narrowed its first quarter net loss to INR10.6 billion ($134 million), from a net loss of INR31.7 billion in the first quarter of its 2023 financial year.
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NewsAllegiant posts higher Q2 revenue as costs also soar
Allegiant Travel Company, the parent of low-cost carrier Allegiant Air posted higher revenue and a small profit during the second three months of 2022 as expenses climbed.
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NewsCopa Airlines boosts second-quarter revenue to $693m
Panama-based Copa Holdings, the parent of Copa Airlines, reported higher second-quarter profit and revenue amid a difficult operating environment.
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NewsUS DOT proposes new customer protections for air travellers
The US Department of Transportation (DOT) is proposing strong new consumer protections for airline customers travelling with both domestic and foreign carriers on scheduled service from, to or within the USA.
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NewsUzbekistan’s Qanot Sharq stepping up to A321neos
Uzbek carrier Qanot Sharq is to introduce a pair of Airbus A321neo jets through US lessor Air Lease. The twinjets are set to be delivered to the carrier in autumn this year, and will be drawn from Air Lease’s order backlog with Airbus. Qanot Sharq, whose name means ‘eastern wings’, ...
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NewsAmerican Airlines teams up with ZeroAvia to develop regional jet engine
American Airlines and zero-emissions propulsion specialist ZeroAvia have teamed up on a project to develop an engine for regional jet aircraft.
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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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NewsEtihad Airways firms order for A350 freighters
Middle Eastern carrier Etihad Airways has confirmed its order for seven Airbus A350 freighters, cementing an agreement originally unveiled in mid-February. The airline already had orders for 20 A350-1000s, of which five have been delivered. Airbus says the freighters are “adding to” Etihad’s order for the -1000s. “This additional cargo ...
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NewsAir China to raise CNY15 billion for 22 new aircraft
Air China will raise up to CNY15 billion ($2.2 billion) through a non-public share issuance, with the bulk of funds intended to fund the purchase of 22 new aircraft.
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NewsSAS submitting preliminary financial details to US bankruptcy court
Scandinavian operator SAS is filing statements of its financial affairs, as well as documentation covering assets and liabilities, with a US bankruptcy court. The company had sought to extend a deadline for the filing – from 19 July to 2 August – after experiencing a strain on its resources resulting ...
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NewsGaruda removes CRJ1000s, sole 737 Max from fleet
Garuda Indonesia is to return its Bombardier CRJ1000s to lessors, as part of a fleet rationalisation strategy that will see the carrier operate between 60 and 70 aircraft by year-end – lower than earlier estimates.
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NewsJetBlue Q2 revenue and costs rise, plans to integrate Spirit underway
JetBlue Airways boosted revenue in the second quarter of 2022 and has begun making preparations to swallow its newest prize, ultra-low-cost carrier Spirit Airlines.
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NewsAir Canada Q2 revenue surges as it experiences rapid ramp-up
Air Canada slashed its quarterly loss as travel demand soared, and the company experienced “one of the steepest ramp-ups compared to any other airline in the western world”.
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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 ...
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NewsAmsterdam Schiphol airport extends capacity cap to October
Amsterdam Schiphol airport has extended passenger capacity restrictions through to October, as it seeks to overcome the staffing challenges that have disrupted operations at the KLM hub. The extension of the cap comes as the airport acknowledges “virtually all parties at the airport are [still] understaffed” – a situation that ...
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NewsBritish Airways temporarily limits Heathrow short-haul ticket sales
British Airways is limiting sales of tickets for its short-haul flights from London Heathrow Airport for at least one week, citing an earlier request from the hub to restrict new bookings. Heathrow announced in mid-July that it would cap daily departing passenger numbers for the summer peak season at 100,000, ...
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NewsLufthansa Group to explore large sustainable fuel supply pact with Shell
Lufthansa Group has reached a tentative seven-year agreement with energy firm Shell potentially covering provision of sustainable aviation fuel up to the end of the decade. Under the exploratory – and still non-binding – memorandum, Shell would use a broad range of feedstock to produce the fuel. The two sides ...