Aviation

  Bloomberg British holidaymakers seeking a winter getaway have been hit by the fastest increase in air fares since records began as airlines warn passengers of an end to budget travel. Official data showed that air fares jumped 44.1% compared with a year earlier as carriers report strong demand for flights despite the cost-of-living crunch squeezing UK households. It marked ...

  Bloomberg A Covid-era invention that protects plane passengers from the virus with a curtain of fast-flowing air is proving redundant, underscoring how little travellers care about the risk of infection in the rush back to the skies. Washington-based Pexco Aerospace Inc. has spent the pandemic designing and manufacturing a device that clips onto air vents inside the aircraft. The ...

  Bloomberg Ryanair Holdings said strong demand across Europe and the UK drove its best ever sales last weekend as people continue to plan summer getaways despite the surging cost of living. Passenger bookings at Europe’s biggest discount airline exceeded two million, surpassing the previous record set in 2019 by 400,000 or 25%, Chief Executive Officer (CEO) Michael O’Leary said ...

  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 ...