If hydrogen stands a chance to become the dominant fuel for aviation in Europe, national and/or EU policies are needed to incentivize production. Hydrogen can become price-competitive and even cheaper if taxes and carbon pricing on conventional fuels are introduced....
Flag carrier Kenya Airways is looking to end a decade in the red next year after narrowing its full-year loss for 2022 by seventeen percent to $43 million and a 66 percent surge in revenues to $900 million. Kenya Airways projects 2024 profit on revenue growth, cost...
Finnair has reached an agreement with its Finland-based cabin crew unions about pay reductions until late 2025. A collective agreement has been extended by one year until January 31, 2025. As a result, the airline cancels its previous plan to increase subcontracted...
SAS has entered a debtor-in-possession (DIP) credit agreement of $700 million/SEK 7.0 billion with Apollo Global Management. The arrangement will be used as bridge funding while the Scandinavian airline starts its restructuring plans under Chapter 11 bankruptcy...
JetBlue has launched a new program to reduce costs by $250 million in 2024 by introducing operational and planning efficiencies. The plan follows a review of its long-term cost structure, which has been tweaked before in recent years. High costs were JetBlue’s...
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