Aviation

Bloomberg Europe’s biggest airlines are growing increasingly confident that the easing of coronavirus restrictions will kick off a summer boom as a surge in bookings spurs them to lift capacity. Deutsche Lufthansa AG and Air France-KLM are less certain about prospects going deeper into the year, with the German company saying that fuel prices are tough to predict and that ...

  Bloomberg Qantas Airways Ltd is making every seat on more than 1,700 flights purchasable with air miles, allowing customers to burn through a mountain of loyalty points built up during the pandemic. Passengers will be able to use points on all flights in August on more than 30 routes in Australia, Qantas said. The almost 130,000 seats will be ...

  Bloomberg Flight cancellations at Dutch airline KLM have surpassed 225 in the past few weeks as its Amsterdam Schiphol hub is hit by labour shortages and industrial strife. The Air France-KLM unit was supposed to be in discussions with the airport about service levels, a spokesman said. That follows 75 cancellations last weekend amid a lack of airport personnel ...

Bloomberg A majority of Latam Airlines Group SA’s unsecured creditors have voted in favour of its proposed restructuring plan, easing the Chilean carrier’s path out of bankruptcy. About 65% of the low-ranking creditors voted to accept the plan, the company said in a statement, giving Latam a crucial level of support before asking its bankruptcy judge to sign off on ...

Bloomberg An airline group and a pilots’ association are ringing the alarms on Mexico City’s airspace, saying they’ve seen a worrying increase in ground proximity warning events since the space was redesigned last year. Benito Juarez International Airport recorded at least 17 such warnings since April 2021 as part of an alert system that notifies when planes are in danger ...

  Bloomberg British Airways parent IAG SA reported worse-than-expected earnings and tempered plans to boost capacity after staffing shortages at London’s Heathrow airport slowed its UK expansion. Shares of IAG fell 12%, the biggest drop in almost six months, after the company reported a first-quarter operating loss of $769 million. Operations were hit by IT glitches together with the reduced ...

Bloomberg Airbus SE is pushing ahead with ambitious plans to ramp up production of its bestselling A320-family of jets to 75 a month by 2025. The figure represents a jump from a build rate of about 50 of the narrow-body planes per month right now and the 65 targeted for the middle of 2023, and comes as demand recovers from ...

Bloomberg Japan Airlines Co forecast a return to profit this year, betting on a pick-up in domestic and international travel as the nation signals it’s ready to loosen virus-related border controls. JAL forecast net income of 45 billion yen ($345 million) for the fiscal year ending March 2023, topping analysts’ average estimate for around 10.2 billion yen. The airline posted ...

Bloomberg Qantas Airways Ltd revived a plan to start direct flights connecting Australia’s east coast with New York and London as it finally ordered Airbus SE jets for the ultra-long services. The airline said it’s buying 12 A350-1000s that can fly non-stop from Australia to any city in the world. Commercial services will start from Sydney in late 2025, Qantas ...

  Bloomberg Korean Air Lines Co reported preliminary revenue that’s almost back at pre-Covid levels on a quarterly basis as the carrier’s strong presence in cargo makes up for still-weak passenger traffic. The South Korean airline posted revenue of 2.81 trillion won ($2.3 billion) and a record first-quarter operating profit of 788.4 billion won, according to a statement. The airline’s ...