EU airfares return back in line with pre-pandemic normal September 6, 2022 Airfares in Europe have gone back in line with the pre-pandemic normal, according to data released today. “Pricing in Europe appears to be in line with pre-pandemic rates of 2017-2019, indicating that after a busy summer period the industry has been able to recover to somewhat normal levels,” said Elise Weber, chief executive of airfare [...]
Lufthansa axes 800 flights tomorrow amid German pilots’ strike September 1, 2022 Lufthansa will axe 800 flights on Friday after German pilots announced a 24-hour walkout. The measure is likely to leave 130,000 passengers stranded, impacting Lufthansa’s services from Frankfurt and Munich on Thursday too. The airline said it was doing everything it could to minimise the strike’s impact. The German pilots’ union, the Vereinigung Cockpit (VC), [...]
Hiring spree: UK aviation recruiting increases by 42 per cent August 30, 2022 The UK aviation sector has gone on a hiring spree, as recruiting has increased 42 per cent year-on-year in July. Data released today by LinkedIn showed that recruitment in the sector went up compared with the overall UK hiring rate, which has seen a 15 per cent drop. Operative roles, as well as drivers, cleaners [...]
Qantas says pandemic ‘existential crisis’ over despite losses August 25, 2022 Qantas, Australia’s flagship airline, has said the “existential crisis” posed by the pandemic is over despite posting losses for the third consecutive year. Compared to 2021, the Australian airline widened its underlying loss before tax to 1.86bn Australian dollars (£1.1bn) due to the closure of Australia’s borders and uncertainty over the Delta and Omicron variants. [...]
Menzies cancels share listing as Agility takeover goes ahead August 5, 2022 Edinburgh headquartered aviation firm John Menzies has cancelled plans to list more of its shares on the London Stock Exchange. The cancellation comes after the aviation struck a deal with Bidco, a subsidiary of Kuwaiti logistics company Agility, through which it agreed to buy the newly issued shares. The agreement comes after Menzies’ board in [...]
Back to black: Lufthansa returns to profit but shaves flight offerings amid travel chaos August 4, 2022 Lufthansa has returned to black, posting an operating profit of €393m (£331m) in the three months to June following a boom in demand for cargo flights. Up from last year’s loss of €827m, the carrier’s adjusted EBIT margin rose to 4.6 per cent while net income went up from a loss of €756m to a [...]
Former airport chair takes aim at Willie Walsh July 24, 2022 The war of words enveloping the entire aviation industry descended further still this weekend after a former Heathrow chair and City grandee said former British Airways (BA) boss and now trade body chief Willie Walsh had “trashed a great brand and created a company that is a byword for poor service”. Sir Nigel Rudd accused [...]
How virtual twin technology is powering low carbon aviation July 14, 2022 | Sponsored The clock is ticking when it comes to preventing irreversible damage from climate change – and aerospace is one industry where a complete transformation is required to achieve Net Zero Targets. With air travel currently contributing 2.5% of global greenhouse gas (GHG) emissions, it is high time to reinvent the way we fly, and decarbonisation [...]
Plenty of sympathy for aviation chiefs but time for excuses is running out July 13, 2022 Running an airport or an airline is no doubt a hard job, not least because people most often notice you when something has gone wrong. One wag on twitter says he has a recurring nightmare in which he serves as a social media manager for a major carrier, and it is true that very few [...]
AerCap sues AIG for $3.5bn over aircraft lost in Russia July 12, 2022 AerCap, the world’s largest aircraft lessor, has recently sued AIG and other insurers following a $3.5bn all-risk claim filed in March over aircraft lost in Russia. The company argued in the UK’s High Court that insurers owed AerCap the amount as part of the “all risk” insurance policy it adopted. According to the Dublin-based company, [...]