Aviation

Japan Airlines all set to debut its first freighter aircraft in one decade

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 ...

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Qatar Airways sees robust travel demand amid capacity squeeze

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 ...

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Southwest Air’s CEO concedes brand was hurt by Dec upheaval

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 ...

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American sees exceeding profit forecast as global demand grows

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 ...

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Long-range Airbus jets will put India within reach: Wizz Air

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 ...

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Berlin airport strikes by crew disrupt air travel

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 ...

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Qantas to hire 8,500 staff to reverse pandemic cuts

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 ...

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Heathrow airport appeals order to slash airline charges by 20%

BLOOMBERG  London’s Heathrow Airport asked Britain’s antitrust watchdog to overturn an order by the nation’s aviation regulator to cut airline charges by around 20% per passenger next year. The airport said it had submitted an appeal to the Competition and Markets Authority (CMA) over the Civil Aviation Authority’s (CAA) decision to drop charges for airlines using the travel hub. Heathrow ...

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EasyJet raises earnings target again as bookings remain strong

BLOOMBERG EasyJet Plc raised its earnings target for a second time this year amid strong bookings into the crucial summer period and robust demand during the Easter vacation. The discount specialist now expects to beat revised market expectations that foresee a pretax profit of £260 million this year, according to a statement. That’s up from a previous goal of beating ...

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Boeing plans to boost output of 737 planes despite latest glitch

BLOOMBERG Boeing Co is moving ahead with plans to hike output of its cash-cow 737 jetliner while dealing with the ripple effects from a new production flaw uncovered by one of its largest suppliers. The US planemaker isn’t altering the schedule for its 737 suppliers, including rate increases, Chief Executive Officer Dave Calhoun said at a virtual gathering of shareholders. ...

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