Emirates bounced back from a challenging 2018 by reporting a 282 percent net profit increase for HY1 in its fiscal year FY19-20. Profit was AED 862 million versus 226 million the same period last year. The United Arab Emirates (UAE)-airline…
Austrian Airlines is taking severe cost-cutting measures from 2021 to assure it return to profitability. Between 700 and 800 staff will be made redundant as the airline needs to save EUR 90 million annually after having given a profit warning…
Air France-KLM will (have to) ‘reinvent’ itself if it wants to meet its targets of higher revenues, strong improvement of the operating margin, reduced costs, and more operational efficiency, the French-Dutch airline group said on its Investor Day on November…
Ryanair is expecting delivery of its first Boeing MAX 200s to slip until March or April at the earliest, with more delays not ruled out. This means the Irish low-cost airline will reap the benefits from operating the more fuel-efficient…
The Spanish airline market is set for more consolidation as independent Air Europa will be bought by Iberia for EUR 1 billion, Iberia’s parent company International Airlines Group (IAG) announced on November 4. Subject to regulatory approval, the deal is expected…
Singapore Airlines and Malaysia Airlines announced last week they have signed a joined business arrangement to significantly strengthen their long-standing relationship in their home markets. It is too early to tell, but this could be another step towards a new…