The profits recovery at SAS, continued through the first quarter, largely because of the end of exchange-rate losses which ravaged the 1994 results. Although overall passenger traffic was up by 7%, cost also rose and yields remained flat, with much of the growth coming from the back of the cabin. Economy traffic grew by 8%, against 4% in business class. Pre-tax profit rose to SKr182 million ($27 million) from SKr31 million a year ago.
Source: Flight International
Airbus chief executive Guillaume Faury says the airframer has been “blindsided” by a sharp drop-off in CFM International Leap engine deliveries, and is waiting to see how soon the powerplant manufacturer can recover. Speaking at a half-year briefing on 30 July, Faury said the Leap delays were “not factored” into ...
French aerospace firm Safran’s aircraft interiors division has narrowly edged into operating profit for the first half, turning around a heavy loss at the same point last year. The division, which generated a €100 million ($108 million) interim loss in 2023, posted a €10 million profit for the six months ...
Turkish Airlines aims to begin rolling out its new business-class suites next year on 777s
