Tag: Airlines

Singapore Airlines to hand out salary bonuses after record profits, sources report

Singapore Airlines to hand out salary bonuses after record profits, sources report

The Singapore Airlines Group has announced record earnings, achieving an operating profit of US$2bn for the 2023-24 financial year. These earnings mark the highest full year net profit achieved in the group’s history, in spite of ongoing geopolitical challenges and supply chain issues. With ...

Anko van der Werff talks route plans for the new-look SAS

Anko van der Werff talks route plans for the new-look SAS

The future for Scandinavia’s flag carrier SAS is looking brighter than it has for years as it prepares to emerge from bankruptcy court protection with new shareholders and investors, a fresh strategic plan and a change in airline alliance. It was strictly standing room only in the modestly size...

Southwest takes new measures as growth expected to slow down

Southwest takes new measures as growth expected to slow down

US carrier Southwest Airlines is expected to slow its growth as the airline tackles “significant challenges” after facing losses in addition to delays in their Boeing 737 deliveries. Only 20 737 MAX 8 aircraft are set to be delivered to the airline this year - a significant reduction from the...

Changi Airport Group honours top airlines at the Changi Airline Awards 2024

Changi Airport Group (CAG) today honoured its airline partners for strengthening and growing the Singapore air hub at the Changi Airline Awards 2024 held at the Fullerton Hotel. Attended by more than 280 representatives from about 80 airlines and aviation partners, the 17th edition of the annual awa...

Spirit Airlines to defer Airbus deliveries and furlough pilots

Spirit Airlines to defer Airbus deliveries and furlough pilots

US low-cost carrier Spirit Airlines has reached a deal with Airbus to delay all aircraft deliveries that were scheduled from the second quarter of 2025 through to 2026. The delivery of deferred aircraft will now take place between 2030 and 2031 as the airline hopes the move will improve its liqui...

UK flight punctuality still below pre-Covid levels despite surge in air fares

UK flight punctuality still below pre-Covid levels despite surge in air fares

Flight punctuality at UK airports has dropped below pre-pandemic levels despite recent hikes in air fares, new figures show. According to UK Civil Aviation Authority (CAA) data, only 64 per cent of flights took off or landed within 15 mins of their planned time in 2023 - compared to 75 per cent i...

REVIEW: Routes Asia proves region is set to boom again

REVIEW: Routes Asia proves region is set to boom again

The annual Routes Asia airline-airport network planning event showed a region resuming rapid growth – although Chinese traffic recovery is dragging, and aircraft availability is hindering expansion rates for some. Mark Pilling reports from Langkawi, Malaysia The overriding message from the 20th...

Half of airlines increasing ESG investment, according to report

New research has found that half of airlines are increasing investment in ESG initiatives as the aviation industry's focus on net zero intensifies. A new report by Amadeus, a Spanish travel technology solutions company, showed that 54 per cent of airlines are looking to reinforce their climate comm...

Ryanair, easyJet and Wizz Air to drive European budget airline market share

Ryanair, easyJet and Wizz Air are set to push the European market share for budget airlines next year, according to Bloomberg Intelligence's 2024 European Airlines Outlook. The report outlines that low-cost carriers are "intensifying" short to medium-haul competition, and that newer aircraft and la...

IATA: Airlines set to earn 2.7% net profit margin on record revenues in 2024

The International Air Transport Association (IATA) has announced strengthened profitability projections for airlines this year, which will then largely stabilise in 2024. However, net profitability at the global level is expected to be well below the cost of capital in both years, whilst very signi...

Airlines face clampdown on hidden fees - @photogoodwin via Adobe Stock

UK government declares clampdown on airlines’ hidden fees

Airlines will face a clampdown on hidden fees for passengers as the UK government announces moves to improve transparency for customers when shopping online. This week the Department for Business and Trade revealed its plans to intervene in the revelation that carriers are charging higher prices ...

Pegasus Launches Flights to Montenegro

Pegasus Airlines launches flights to Montenegro, one of the most popular European holiday destinations Pegasus Airlines is launching flights from Istanbul to Podgorica, the capital of Montenegro, one of the most popular European holiday destinations. Four times weekly flights from Istanbul to Pod...

BRITISH AIRWAYS EXTENDS DECADE-PLUS PARTNERSHIP WITH SWISSPORT AT LARNACA INTERNATIONAL AIRPORT IN CYPRUS

Swissport Cyprus secured a contract extension with its long-standing partner, British Airways, for airport ground services at Larnaca International Airport (LCA). The contract, which dates to 2008, covers complete airport ground services. Swissport also offers lounge hospitality for airline’s pass...

Northeast Alliance update for customers

FORT WORTH, Texas — American Airlines and JetBlue have begun to work through the initial steps to wind down the pro-competitive, pro-consumer Northeast Alliance. These steps include: Codeshare flights between American and JetBlue will no longer be available for sale starting July 21. Custo...

SWISSPORT UNDERLINES MARKET LEADING POSITION WITH EXTENSION OF HANDLING LICENSE AT GENEVA AIRPORT

Swissport has been awarded once again the license to provide airport ground services at Geneva International Airport in Switzerland. The new license, set to start in November 2023, will be valid for seven years. In a competitive international tender process with 5 participants, Swissport secure...

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