News from FlightGlobal – Page 427
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NewsAtlas posts $90m profit as cargo business soars
Atlas Air Worldwide Holdings continues to profit from higher freight demand during the global health crisis, as long-haul passenger flights - and the belly cargo that is transported in them - are still far from pre-pandemic levels.
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NewsRyanair and Wizz traffic well below pre-crisis levels despite April improvement
Ryanair and Wizz Air carried slightly more passengers in April than in March though traffic remains vastly down on pre-crisis levels as travel restrictions across Europe continue. The low-cost operators are the first airlines in Europe to disclose traffic data for April. Ryanair carried 1 million passengers in April 2021, ...
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NewsSATA state support approved but probe continues into earlier measures
Portuguese carrier SATA Air Acores has been cleared to take government compensation and liquidity support worth over €267 million ($320 million), but a previous investigation into suspected illegal support measures is being extended. European Commission regulators have cleared a €12 million state grant to SATA Air Acores, as compensation for ...
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NewsMalaysia Airlines has option to extend lease deferrals into 2022
Malaysia Airlines has the option of extending lease rental deferrals into 2022 if the market for air travel does not recover quickly enough.
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NewsAllegiant ‘bullish’ about summer travel, after turning small profit
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air, turned a slim profit in the first three months of the year as the company prepares for a busy summer with a “bullish” outlook.
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NewsDomestic and cargo pick-up in March fail to offset international traffic gloom
A strong recovery in the large Chinese domestic market was the key driver for an improved global passenger traffic performance in March, though RPKs still remain two-thirds below pre-crisis levels.
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NewsTurkish Airlines heavily reduces first-quarter losses
Turkish Airlines managed to contain first-quarter operating losses to $72 million, a substantial improvement on the $300 million loss for the same period last year. The airline even generated a $61 million net profit for the first three months. Turkish Airlines’ revenues for the quarter remained down by 29% at ...
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NewsMajor airlift underway to help India fight Covid-19
Air forces and airlines are conducting a major airlift operation to bring urgently needed medical supplies to India amid the South Asian nation’s coronavirus crisis.
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NewsEnvironmental impact now part of airline fleet thinking: Udvar-Hazy
While Air Lease executive chairman Steven Udvar-Hazy sees airlines giving greater attention to addressing environmental concerns in their fleet planning amid heightened pressure to tackle aviation’s climate impact, he does not believe it will change the useful life of aircraft.
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NewsMalaysia Airlines to phase out A380s ‘in coming months’
Malaysia Aviation Group (MAG), Malaysia Airlines’ parent company, has indicated plans to retire its Airbus A380 fleet “in the coming months”.
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NewsPAL informs lessors of Chapter 11 filing deadline: sources
Philippine Airlines has informed its lessors of a plan to file for Chapter 11 bankruptcy protection in the USA by the end of May, three people with knowledge of the matter tell Cirium.
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NewsAviation and tourism groups appeal for US-UK travel corridor
US airlines have joined almost 50 other aviation and travel organisations, appealing to the governments of the USA and UK to open up a travel corridor between the two countries “as soon as safely possible”.
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NewsLufthansa orders five A350s and five 787s
Lufthansa Group has ordered more Airbus and Boeing widebodies as it continues modernising its fleet, with the goal of reducing fuel consumption, complexity and cost.
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NewsNorwegian outlines NKr6bn capital increase for restructuring
Scandinavian budget carrier Norwegian is looking to raise up to NKr6 billion ($725 million) as part of its broad restructuring plan, following court approvals of arrangements to exit examinership processes. Norwegian has reduced debt and cancelled large numbers of aircraft orders during the restructuring, and is looking to emerge with ...
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NewsEurope unveils plan to ease travel restrictions
Regulators have outlined plans to ease restrictions into European Union states for travellers that are either fully vaccinated against the coronavirus or from countries where the pandemic has been controlled.
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NewsIndonesian startup Super Air Jet ready to roar
A new Indonesian airline with links to the Lion Air Group is in the process of building a narrowbody fleet.
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NewsPandemic pushes Vietnam Airlines to first-quarter loss
Vietnam Airlines saw significant losses during the first quarter of 2021 owing to Covid-19.
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NewsAir New Zealand, Air China renew partnership
Air New Zealand has extended its strategic alliance partnership with Air China for another five years, as both carriers reiterated their commitment to work together as the airline industry recovers from the coronavirus pandemic.
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NewsSingapore Airlines secures S$2 billion in sale-and-leasebacks
Singapore Airlines has raised S$2 billion ($1.5 billion) in sale-and-leaseback transactions involving 11 aircraft.
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NewsFlydubai counts full-year cost of crisis disruption and Max grounding
Middle Eastern carrier Flydubai has turned in a full-year loss of Dhs713 million ($194 million), but believes its business fundamentals remain strong. The airline’s revenues halved to Dhs2.8 billion in the 12 months to 31 December 2020. Flydubai says its operations were “severely curtailed” for 14 weeks, from 24 March ...