Airlines

FastJet to cut routes as cash shrinks, sending stock falling

By Christopher Jasper (Bloomberg). FastJet Plc will start closing routes after burning through cash in its efforts to become the first pan-African discount airline, predicting 2016 earnings will fall “materially” below analyst estimates. The share price almost halved in the biggest decline since the company was founded in 2012. The impact of challenging market conditions and currency fluctuations ... <a title="FastJet to cut routes as cash shrinks, sending stock falling" class="read-more" href="https://aviationtribune.com/airlines/africa/fastjet-cut-routes-cash-shrinks-sending-stock-falling/" aria-label="Read more about FastJet to cut routes as cash shrinks, sending stock falling">Read more</a>

AT Staff Mar 7, 2016 · 2 min read

Alitalia launches new services from Bologna to Calabria, Lamezia Terme and Reggio Calabria

Alitalia will boost services in August from Bologna to Calabria with four new weekly flights, two services for Lamezia Terme and two for Reggio Calabria.The airline will also start a new daily Bologna to Catania service from May 1. Alitalia travellers from Bologna can transfer with ease at Rome’s Fiumicino airport to 70 destinations in ... <a title="Alitalia launches new services from Bologna to Calabria, Lamezia Terme and Reggio Calabria" class="read-more" href="https://aviationtribune.com/airlines/europe/alitalia-launches-new-services-bologna-calabria-lamezia-terme-reggio-calabria/" aria-label="Read more about Alitalia launches new services from Bologna to Calabria, Lamezia Terme and Reggio Calabria">Read more</a>

AT Staff Mar 7, 2016 · 2 min read

Cathay Pacific seen posting wider hedging loss as oil drops

Crude oil’s plunge to the cheapest level in more than a decade helped the global airline industry boost profit forecasts. One airline that hasn’t fully benefited is Cathay Pacific Airways.The marquee Hong Kong airline reported an unrealized fuel-hedging loss of HK$7.42 billion ($954 million) as of end-June — and oil prices have slumped a further ... <a title="Cathay Pacific seen posting wider hedging loss as oil drops" class="read-more" href="https://aviationtribune.com/airlines/asia/cathay-seen-posting-wider-hedging-loss/" aria-label="Read more about Cathay Pacific seen posting wider hedging loss as oil drops">Read more</a>

AT Staff Mar 7, 2016 · 3 min read

EASA grants Jordan Aviation Airline “TCO” authorization

Jordan Aviation announced that it has been granted the EASA Third Country Operators (TCO) approval on 3 March 2016. EASA TCO authorizes a non-EU commercial air operator to fly to any of the current 32 EASA member states, based on the airline’s commitment to the highest safety international standards.The assessment is based on ICAO standards ... <a title="EASA grants Jordan Aviation Airline “TCO” authorization" class="read-more" href="https://aviationtribune.com/airlines/middle-east/easa-grants-jordan-aviation-airline-tco-authorization/" aria-label="Read more about EASA grants Jordan Aviation Airline “TCO” authorization">Read more</a>

AT Staff Mar 7, 2016 · 1 min read

Emirates boosts capacity to Istanbul Sabiha Gokcen Airport

Following the successful launch of its daily service to Istanbul’s Sabiha Gokcen Airport, Emirates announced today that the route will be served by a Boeing 777-300 aircraft effective 27 March. With 364 seats, the 777-300 will take Emirates’ capacity on the route to 5096 seats per week, an increase of more than 50 percent compared with ... <a title="Emirates boosts capacity to Istanbul Sabiha Gokcen Airport" class="read-more" href="https://aviationtribune.com/airlines/middle-east/emirates-boosts-capacity-istanbul-sabiha-gokcen-airport/" aria-label="Read more about Emirates boosts capacity to Istanbul Sabiha Gokcen Airport">Read more</a>

AT Staff Mar 7, 2016 · 2 min read

GECAS delivers three new Airbus A320s to Qingdao Airlines

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, has announced delivery of three new leased Airbus A320 aircraft to new customer Qingdao Airlines to expand the start-up carrier’s fleet.The aircraft are part of GECAS’ existing order book with Airbus. Qingdao Airlines started domestic operations in 2014 and currently operates a ... <a title="GECAS delivers three new Airbus A320s to Qingdao Airlines" class="read-more" href="https://aviationtribune.com/airlines/asia/gecas-delivers-three-new-airbus-a320-to-qingdao-airlines/" aria-label="Read more about GECAS delivers three new Airbus A320s to Qingdao Airlines">Read more</a>

AT Staff Mar 7, 2016 · 1 min read

Sanjiv Kapoor joins Vistara as Chief Strategy & Commercial Officer

Sanjiv will be responsible for managing a wide portfolio of Vistara’s commercial and planning functions, including strategy development and network planning

AT Staff Mar 7, 2016 · 3 min read

Small Planet Airlines revenues up 27%, profits more than double

Share Tweet Share Share Email Comments Small Planet Group has announced financial results for the year 2015. The company carried 1.8 million passengers, 40% more than in the previous year, and saw its revenues grow 27%. Meanwhile full year profit for a second year in a row grew double. Profits now are being reinvested into ... <a title="Small Planet Airlines revenues up 27%, profits more than double" class="read-more" href="https://aviationtribune.com/airlines/europe/small-planet-airlines-revenues-27-profits-double/" aria-label="Read more about Small Planet Airlines revenues up 27%, profits more than double">Read more</a>

AT Staff Mar 7, 2016 · 3 min read

United Airlines announces return of President and CEO Oscar Munoz

United Continental Holdings today announced that President and Chief Executive Officer Oscar Munoz plans to return to those roles on a full-time basis on March 14, 2016 and resume all of his duties and responsibilities at that time. Munoz has already been participating actively in all major corporate decisions and meeting frequently with employees, shareholders, and other ... <a title="United Airlines announces return of President and CEO Oscar Munoz" class="read-more" href="https://aviationtribune.com/airlines/north-america/united-airlines-announces-return-president-ceo-oscar-munoz/" aria-label="Read more about United Airlines announces return of President and CEO Oscar Munoz">Read more</a>

AT Staff Mar 7, 2016 · 2 min read

Frontier Airlines said to hire Barclays and DB for IPO

Frontier Airlines hired underwriters for an initial public offering, people with knowledge of the matter said. Frontier, owned by private equity firm Indigo Partners, is working with Barclays Plc, Deutsche Bank AG and JPMorgan Chase & Co. on the IPO, said the people, who asked not to be identified because the discussions are private. Citigroup ... <a title="Frontier Airlines said to hire Barclays and DB for IPO" class="read-more" href="https://aviationtribune.com/airlines/north-america/frontier-airlines-said-to-hire-barclays-deutsche-bank-for-ipo/" aria-label="Read more about Frontier Airlines said to hire Barclays and DB for IPO">Read more</a>

AT Staff Mar 6, 2016 · 2 min read