Aviation

BLOOMBERG Deutsche Lufthansa AG said first-quarter earnings at its air cargo division fell as global freight rates declined, denting a continued recovery in demand for summer tourism travel. Adjusted earnings before interest and taxes at the cargo division fell to €151 million ($166 million) in the period, down from €495 million for the same period a year earlier, the airline ...

BLOOMBERG Go Airlines India Ltd’s slide into bankruptcy has left travellers frustrated and confused, with many worried about how expensive re-booking tickets may be against the spiralling cost of air fares. The airline, majority owned by billionaire Nusli Wadia’s Wadia Group, is the latest to go under in one of the world’s fastest-growing aviation markets. It blames its fate on ...

BLOOMBERG American Airlines Group Inc and its pilots union are close to reaching an agreement on a new contract after weeks of focussed negotiations. The two sides could have a tentative agreement by the end of this month, said a person familiar with the talks who asked not to be named discussing a private matter. Negotiations will continue even as ...

BLOOMBERG Japan Airlines Co will introduce three new cargo planes for the first time in more than a decade, seeking to diversify revenue by tapping into global and local consumer demand  fueled by e-commerce and parcel delivery. Three new Boeing Co 767-300ER dedicated cargo aircraft will operate starting this fiscal year, which ends in March 2024, the company said in ...

BLOOMBERG Qatar Airways forecast robust travel demand for the rest of the year and said it would look to add more routes, depending on how fast it gets new Airbus SE and Boeing Co jets. The Doha-based carrier has seen leisure and business demand surge after travel restrictions were eased — in line with global industry trends — but continues ...

BLOOMBERG Southwest Airlines Co is ready to move on from the technology meltdown that upended operations back in December. That doesn’t mean its reputation has recovered. “There is definitely work to do to get confidence in Southwest back to where it was pre-pandemic,” Chief Executive Officer Bob Jordan said in an interview after the carrier reported first-quarter results. “We’re focussed ...

BLOOMBERG American Airlines Group Inc said its second-quarter profit may exceed Wall Street projections as international demand builds headed into the peak summer season. Adjusted profit will be $1.20 to $1.40 a share in the quarter, American said in a statement, compared with an expected $1.13 a share on average from analyst estimates compiled by Bloomberg. The company reiterated its ...

BLOOMBERG Wizz Air Holdings Plc said expansion into India will become possible with its new long-range Airbus SE A321 models, potentially opening up a lucrative vein of future growth as demand for air travel surges in the world’s most populous nation. “There’s great potential in India, as the country has seen an immense development,” Wizz Chief Executive Officer Jozsef Varadi ...

BLOOMBERG Berlin’s main airport cancelled all departing flights on Monday amid another round of strikes by ground crew, underscoring ongoing labour tensions in Germany’s travel sector as the crucial summer travel season looms into view. Berlin Brandenburg airport said no departures were possible due to a one-day strike by security control staff. The disruption is the latest to hit a ...

BLOOMBERG  Qantas Airways Ltd plans to hire 8,500 more workers in the next decade, about the same number it cut during the pandemic, underscoring aviation’s growth trajectory less than a year after the crisis. The additional roles include pilots, cabin crew and airport staff. With more than 300 new aircraft arriving in the next 10 years, Qantas also plans to ...