Archive

Lufthansa first-quarter net loss widens as fuel costs, overcapacity weigh

Posted By Tony Sanchez / Airlines / 0 Comments

April 30, 2019 Lufthansa said its net loss widened nine-fold to 342 million euros ($383 million) in the first three months of the year, hurt by rising fuel costs and excess capacity in Europe. “We are confident, though, we will see a recovery in our unit revenue as early as the second quarter. Our confidence […]

Brazil airline Gol cuts outlook for 2019, 2020 after posting Q1 loss

Posted By Tony Sanchez / Airlines / 0 Comments

April 30, 2019 Brazil’s largest airline Gol Linhas Aereas Inteligentes on Tuesday cut its earnings projections for 2019 and 2020 after posting a net loss of 32.3 million reais ($8.20 million) in the first quarter of the year. Gol had previously told investors that the next two years would be a turnaround for the business, […]

Strike-hit airline SAS cancels 504 flights on Wednesday

Posted By Tony Sanchez / Airlines / 0 Comments

April 30, 2019 SAS said it was canceling 504 flights scheduled for Wednesday, affecting about 47,000 passengers, as much of its fleet remained grounded for a fifth day on Tuesday due to a pilot strike at the Scandinavian airline. “The unions have not yet indicated that they are ready to release their ultimate demands and […]

Virgin Australia changes to its Boeing 737 Max order

Posted By Tony Sanchez / Airlines / 0 Comments

April 30, 2019 Virgin Australia has reached an agreement with Boeing to restructure its Boeing 737 Max aircraft deliveries. The airline has restructured its order book, deferring delivery of its first Boeing 737 Max aircraft from November 2019 to July 2021 and converting an additional 15 of its 737 MAX 8 aircraft on order to […]

Emirates Airline sees pace of growth slowing – president

Posted By Tony Sanchez / Airlines / 0 Comments

April 29, 2019 Emirates President Tim Clark said on Monday the airline’s last financial year has not been easy and that the company is not growing at its previous pace due to political tensions in the region and elsewhere. “We’ve managed to come ahead with positive results, although it’s not as good as it has […]

Airline SAS cancels 587 flights on Sunday as pilot strike persists

Posted By Tony Sanchez / Airlines / 0 Comments

April 27, 2019 SAS said it was cancelling hundreds of flights scheduled for Sunday as a pilot strike at the Scandinavian airline entered its second day on Saturday. “We deeply regret that our customers are affected by the ongoing pilot strike that has led to delays and cancelled flights,” SAS said in a statement. “Due […]

Japan’s ANA sees no change now to order plans of 737 MAX

Posted By Tony Sanchez / Airlines / 0 Comments

April 26, 2019 Japan’s ANA Holdings sees no changes now in its order plans for Boeing Co 737 MAX aircraft, a senior executive said on Friday. Ichiro Fukuzawa told an earnings briefing that confirming the safety of the aircraft was paramount, but at the moment the airline had no change in its orders for the […]

American Airlines cuts 2019 forecast, to take $350 mln charge on 737 MAX groundings

Posted By Tony Sanchez / Airlines / 0 Comments

April 26, 2019 American Airlines Group Inc cut its 2019 profit forecast on Friday, saying it expected to take a $350 million hit from the grounding of Boeing’s 737 MAX planes after canceling 1,200 flights in the first quarter. The company said it now expects its 2019 adjusted profit to be between $4.00 per share […]

American Airlines executives ‘confident’ 737 MAX will be ungrounded by Aug. 19

Posted By Tony Sanchez / Airlines / 0 Comments

April 26, 2019 American Airlines Group Inc executives said on Friday that they are “confident” that Boeing Co’s 737 MAX aircraft will be ungrounded by Aug. 19. American decided earlier this month to remove its 24 MAX jets, which were grounded worldwide in March following two fatal crashes on other airlines, from its flying schedule […]

Jazeera Airways to expand route network, reports improved finances

Posted By Tony Sanchez / Airlines / 0 Comments

April 26, 2019 Jazeera Airways is set to widen its international route network this year utilising more aircraft it is set to receive including three Airbus A320neos and two A320ceos on short-term lease. The Kuwaiti carrier expects to start service to London Gatwick Airport in 2019 alongside Bodrum and Istanbul Sabiha Gokcen International Airport, both […]