Aviation

Bloomberg Finnair Oyj faces a wipeout of its Asian traffic as a tit-for-tat of airspace closures in Europe and Russia jeopardises its main long-haul strategy. Finland’s national carrier has carved out a niche providing transit passengers from smaller European cities the shortest flight times to Asia. But the flights through its Helsinki hub to destinations like Hong Kong, Seoul and ...

Bloomberg Major airlines reported a surge in bookings from Hong Kong last week as the city saw a new pandemic-era record in net population outflow, underscoring how a deepening Covid-19 crisis is pushing more residents to leave. Emirates Airlines said it is seeing weekly double-digit growth for advanced bookings until July, particularly to the UK and other European countries, according ...

  Bloomberg Distressed flag carrier Garuda Indonesia plans to cancel billions of dollars worth of aircraft orders from Airbus SE and Boeing Co as part of a court-supervised debt restructuring to slash its debt and weather a slump in air travel due to the pandemic. The state-owned carrier wants to cancel its order for nine A330-900 jets and four A330-800s, ...

  Bloomberg Boeing Co and Airbus SE are in talks with the new owners of Air India Ltd about an order for a raft of new planes, according to people familiar with the matter, part of a plan to rejuvenate the ailing carrier and its aging fleet. Tata Sons Pvt, which acquired the debt-laden airline from the Indian government last ...

Bloomberg British Airways canceled more than 150 short-haul flights to and from its London Heathrow hub through midday, citing “continuing technical issues” following a systems outage. Morning departures to Milan, Geneva and Aberdeen were among those scrapped, with the carrier predicting further disruption through the day and advising people to check the status of their flight before heading to the ...

  Bloomberg Singapore Airlines Ltd swung back to quarterly profit for the first time since the onset of the pandemic, helped by strong cargo demand and the island city’s sustained efforts to revive international travel. The carrier reported net income of S$85 million ($63 million) for the third quarter ended on December 31 versus a loss of S$142 million the ...

  Bloomberg Delta Air Lines Inc suspended a marketing agreement with Aeroflot, Russia’s national airline, after the country invaded Ukraine. Withdrawal of the code-sharing accord, an industry practice that enables passengers to book a multicarrier trip through one airline, is effective immediately, Delta said. The suspension means Delta will no longer book passengers flying through Los Angeles and New York ...

Bloomberg British Airways owner IAG SA said it should turn profitable from the second quarter, joining other European carriers in predicting a travel rebound in coming months. While IAG, which also owns Spain’s Iberia and Aer Lingus of Ireland, sees a “significant” loss this quarter, bookings are now running at 85% of pre-pandemic levels as concerns about the omicron variant ...

  Bloomberg Qantas Airways Ltd said Omicron is delaying the airline’s recovery and eating into earnings, with international travel wallowing at less than half normal volumes for months to come. While demand has picked up since Australia’s border reopened this month, the impact of the fast-spreading Covid variant will cost Qantas A$650 million ($470 million) of operating profit in the ...

  Bloomberg Air Canada is in talks with Airbus SE about adding longer-distance A321neo jets alongside its fleet of Boeing Co 737 narrowbodies as travel demand rebounds, people with knowledge of the matter said. The carrier is looking at ordering 10 to 20 aircraft, one of the people said. The negotiations are preliminary and may not lead to a deal, ...