News from FlightGlobal – Page 87
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NewsCargojet’s second-quarter results sag amid ‘difficult’ economic conditions
Canadian carrier Cargojet Airways’ second-quarter revenue declined 15% year-on-year as the freight hauler rode out “difficult” market conditions.
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NewsATSG delivers six converted freighters in past month
US lessor Air Transport Services Group (ATSG) recently delivered six converted cargo aircraft to customers in five countries amid a broad downturn in the global air freight market.
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NewsFAA extends New York-area flight reduction effort as its controller shortage continues
Ongoing air traffic controller shortages in New York have prompted the Federal Aviation Administration to extend for six weeks a programme intended to reduce flight disruptions at New York and Washington, DC-area airports.
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NewsDubai lessor DAE takes over large batch of 737 Max jets from China’s CALC
Middle Eastern lessor Dubai Aerospace Enterprise is to acquire a batch of 64 Boeing 737 Max jets, including Max 10s, from the Chinese leasing company CALC. The aircraft have a delivery schedule which runs from this year to 2026. DAE states that the portfolio includes the Max 8 and Max ...
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NewsSpiceJet swings to first-quarter net profit
Indian low-cost carrier SpiceJet swung to a net profit of Rs2 billion ($24 million) in the quarter ended 30 June, compared with a loss of Rs7.9 billion in the corresponding period a yer earlier.
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NewsTourism recovery keeps Thai carriers in the black
Thailand’s two full-service operators, Thai Airways International and Bangkok Airways, remained profitable in the second-quarter earnings, helped by a rebound in tourism, especially following the reopening of China’s international borders.
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NewsPAL promises ‘major’ product, digital revamp as Q2 profits increase
Philippine Airlines (PAL) is to double down on improving its product offerings, as the carrier improved its quarterly profit on the back of continued demand recovery.
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NewsSIA, Cathay, and Vietjet ramp up Australian capacity
Several Asian carriers are set to increase flying to Australia, with Singapore Airlines upgauging capacity on a number of key routes into the country, as part of a broader network ramp-up.
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NewsUS and China to allow more direct flights between the two countries
The US government has agreed to allow Chinese airlines to increase the number of direct flights between the two countries more than three years after the beginning of the global Covid-19 crisis, with the government of China apparently reciprocating.
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NewsCanada’s Air Transat to expand flying to Latin America this winter
Canadian leisure carrier Air Transat looks to gain a greater foothold in Mexico and South America starting in December.
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NewsUS imposes sanctions against Belarusian carrier and government jet
US authorities have imposed sanctions against the Belarusian flag-carrier Belavia, as well as a specific aircraft used by the country’s government. Belavia operates the aircraft, a Bombardier Challenger 850 – registered EW-301PJ – which is based on the CRJ200 regional jet. It was originally delivered in 2006 to Canadian private ...
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NewsAir Canada rides wave of international travel to second quarter profit
Air Canada generated second-quarter revenue of C$5.4 billion ($4 billion), up 36% from C$3.9 billion during the same period a year ago, as international travel rebounded strongly from the Covid-19 pandemic.
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NewsAir Arabia maintains strong momentum through second quarter
Middle Eastern budget carrier Air Arabia has turned in a 78% rise in first-half net profit, reaching Dhs801 million ($218 million), on revenues of more than Dhs2.8 billion. The Sharjah-based airline disclosed the performance after a strong second quarter during which it made a net profit of Dhs459 million – ...
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NewsTurkish Airlines lifts outlook after strong first half despite cargo decline
Strong demand in the passenger business during the first half has prompted Turkish Airlines to lift its full-year EBITDA expectations, despite a sharp fall in cargo revenues.
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NewsMexicana successor to start with 737 fleet after government seals compensation deal with workers
Mexico’s government is poised to create a new carrier based on defunct operator Mexicana’s assets, after securing a compensation agreement with workers to take over the brand. Overseen by the defence ministry, and led by a Mexican air force general, the new carrier will lease 10 Boeing 737-800s, with three ...
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NewsAccounting change brings volatility to Aeroflot’s reinstated financial results
Aeroflot’s reinstatement of financial disclosures earlier this month has given an insight into its performance in the year-and-a-half since the Ukrainian conflict began, although the picture has been complicated by changes to accounting methods and the effect of currency exchange. Application of the new federal accounting standard – which affects ...
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NewsChina’s ‘Big Three’ still expected to be loss-making in 2023: HSBC report
China’s three largest airlines are expected to be in the red in 2023, despite improving recovery prospects and the likelihood of a small profit in the second-half of the year, a HSBC Global Research report notes.
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NewsCebu Pacific flags supply chain, weather woes amid second-quarter profit
Cebu Pacific remained in the black for a second consecutive quarter, though it has acknowledged the “significant operational headwinds” which has “tempered” its recovery and growth outlook.
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NewsUS airlines modify schedules, evacuate people from Hawaii’s Maui as brush fires rage
US airlines have modified their operations and begun evacuating residents and tourists from a Hawaiian island as brush fires there have killed at least three dozen.
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NewsUS start-up carrier Avelo plans to launch first flights outside continental USA
US start-up carrier Avelo Airlines plans to operate its first international flights with new routes from the East Coast of the USA to Puerto Rico starting in November.