Aviation

  Bloomberg EasyJet Plc expects the recovery in air travel to continue through 2023 despite consumers feeling the pinch from inflation, the latest sign of airline optimism following a stronger-than-expected Christmas travel season. The budget carrier is “cautiously optimistic” for this year despite consumers in its biggest markets enduring the highest inflation rates for decades. While the company hasn’t released ...

Bloomberg There’s been yet another disaster in one of the world’s deadliest places to fly. At least 68 people were killed on January 15 after a Yeti Airlines flight crashed when coming in to land in Pokhara, central Nepal, further blighting the country’s notoriously bad aviation safety record. Just last May, 22 people died after a Tara Air flight crashed ...

  Bloomberg China’s reopening to international travel could propel global air traffic to pre-pandemic levels as soon as June, one of the world’s leading aircraft-leading firms predicts. Avolon Holdings, the world’s second-largest jet lessor, said on Monday that the aviation sector “is set to thrive in 2023,” with Asia driving the rebound after Europe and North America did so last ...

  Bloomberg Deutsche Lufthansa AG is discussing some conditions with Italy in order to proceed with its plan to acquire a 40% stake in the country’s ITA Airways, according to people familiar with the matter. The German carrier is seeking to gain the option to back out of a full takeover should the venture fail to work out, as well ...

Bloomberg Delta Air Lines Inc. forecast first-quarter profit short of Wall Street’s estimates, dragging down the carrier’s shares as higher costs deal a blow to its efforts to further capitalise on a rebound in air-travel demand. Adjusted earnings will be 15 to 40 cents a share in the period, the airline said in a statement that also detailed fourth-quarter results. ...

Bloomberg Two of China’s largest state-owned airlines said they would give up their New York stock exchange listings, joining a raft of government controlled firms that announced their departures from US bourses last year. China Eastern Airlines Corp. and China Southern Airlines Co. stated in separate filings their intentions to apply to voluntarily delist their American depositary shares listed on ...

  Bloomberg An overlooked software flaw is opening up US aviation authorities to new scrutiny over the resiliency of the systems that keep the nation’s planes moving. Federal Aviation Administration (FAA) officials were still working to determine what went wrong in an outage that prompted a nationwide flight stoppage. The agency said preliminary findings traced the cause to a “damaged ...

  Bloomberg Airbus SE is exploring the next level of cockpit automation, testing a system that would provide advanced assistance from alerts on the ground to emergency diversions at cruising altitude should the crew be incapacitated. The technology, called DragonFly, is designed to let planes perform an automated landing even in difficult weather conditions or low visibility while communicating with ...

  Bloomberg Airlines in the Asia Pacific region flew 13.4 million passengers internationally in November, compared with just 1.8 million in the same month a year earlier, according to preliminary data from their trade association. Revenue passenger kilometers, which measures demand, surged nearly 500%, far ahead of the 187% growth in seat capacity. That resulted in a 40 percentage point ...

  Bloomberg Hong Kong Airlines Ltd said it expects to return to 75% of pre-pandemic capacity by the end of this year and 100% by mid-2024, after increasing operations to 30% this month. The carrier, which had a $6.3 billion debt restructuring plan approved by courts in December, is also raising basic pay by 8% and lifting flying hourly rates ...