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Germany’s Lufthansa will bid for Thomas Cook’s Condor – CEO

Posted By Tony Sanchez / Airlines / 0 Comments

May 7, 2019 Germany’s largest airline Deutsche Lufthansa will make a non-binding offer for Thomas Cook’s Condor with an option to acquire the remaining airlines of the British group, Lufthansa’s CEO said on Tuesday. “We decided yesterday in the meeting of the management board to bid for all of Condor with the option to be […]

Canada’s WestJet posts 33 pct rise in quarterly profit

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May 7, 2019 WestJet Airlines Ltd on Tuesday reported a 33 percent rise in quarterly profit as more passengers flew with the carrier. Canada’s second-largest carrier’s net profit rose to C$45.6 million ($33.92 million), or 40 Canadian cents per share, in the first quarter ended March 31, from C$34.2 million, or 30 Canadian cents per […]

Air Europa to launch first direct route from Stockholm Arlanda

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May 7, 2019 Spanish carrier Air Europa will for the first time launch non-stop service from Stockholm Arlanda Airport when it starts on 17 June to Madrid. During the summer of 2019, passengers will be able to fly direct to Madrid, with three weekly departures. The direct route between the two capitals will be served […]

Saudia Cargo restarts Mumbai and Guangzhou flights

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May 7, 2019 Saudia Cargo has strengthened its presence in China and India by resuming freighter flights to Guangzhou and Mumbai. Weekly freighter services started in April to meet growing demand for cargo operations and stimulate trade movements, in addition to operate five flights a week to Dhaka, Bangladesh and seven a week to Hong […]

Air Arabia first-quarter profit up 16 percent as passenger numbers improve

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May 6, 2019 Air Arabia on Sunday posted a 16 percent jump in first-quarter profit, citing a rise in passenger numbers. The Middle East budget airline reported a full-year loss for 2018 after booking impairments mainly attributable to its exposure to collapsed private equity firm Abraaj. Air Arabia made a net profit of 128 million […]

SAS, Unions Agree Deal To End Pilot Strike

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May 3, 2019 Scandinavian airline SAS has reached a provisional agreement with its pilot unions and said all flights in Denmark, Norway and Sweden will resume as soon as possible. The agreement comes after the airline’s pilots walked out last Friday, halting the airline’s operations, although flights operated by partner airlines were not affected. SAS […]

First quarter exceeds expectations for Atlas Air

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May 3, 2019 First quarter results exceeded expectations for Atlas Air with adjusted income rising by $3.5 million to $27.3 million. The adjusted results exclude the impact of warrant accounting, with unrealized losses totaling $46.6 million, pushing reported first quarter losses to $29.7 million. Volumes in the first quarter increased 19% to 77,061 block hours, […]

Delta Air Lines to return to Mumbai after a 10-year hiatus

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May 1, 2019 Delta Air Lines has added a new daily direct route from New York JFK International Airport to Mumbai International Airport and will start the link on 22 December. The flight will be the only direct service by a US carrier and is made possible by 2018 agreements between the US and governments […]

ATSG extends leasing and operating deal with DHL

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May 1, 2019 Air Transport Services Group (ATSG) has extended agreements to lease 14 Boeing 767s to DHL and operate eight of those in North America for three years. The agreement includes extending 11 leases between DHL and ATSG’s leasing subsidiary Cargo Aircraft Management. Leases for six 767-200s operated by a DHL affiliate airline in […]

Negative market trends hit Lufthansa Cargo’s profits

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May 1, 2019 First quarter profits for Lufthansa Cargo fell substantially due to negative market trends particularly on Europe – Asia routes. Adjusted EBIT was down 67% to €24 million, with the adjusted EBIT margin declining by 7.3 percentage points from 11.2% to 3.9%. Revenue for the logistics business segment, which covers Lufthansa Cargo was […]