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Air France-KLM also back at 2019 levels in Q3

Air France-KLM also back at 2019 levels in Q3

by Richard Schuurman | Oct 28, 2022 | Airlines | 0 comments

In what usually is its strongest quarter, Air France-KLM’s Q3 results outperformed those of 2019. This mirrors the situation of Lufthansa Group on Thursday. Long-haul and cargo have been very strong, but short-haul is still a bit behind. Air France-KLM also back...
Qantas is only looking ahead toward a full recovery

Qantas is only looking ahead toward a full recovery

by Richard Schuurman | Aug 25, 2022 | Airlines | 0 comments

Qantas CEO Alan Joyce isn’t the first to have used these words in the context of airline operations and profitability, but the financial year 2022 which closed on June 30 has been “extremely challenging” for the Australian airline group. Qantas reported its third...
IAG on track for profitable 2022 despite Heathrow disruptions

IAG on track for profitable 2022 despite Heathrow disruptions

by Richard Schuurman | Jul 29, 2022 | Airlines | 0 comments

Like Air France-KLM, International Airlines Group (IAG) also returned to profitability in the second quarter, its first profit since Q4 2019. The parent airline group of British Airways and Iberia expects to end the full year at a profit, despite operational issues...
Air France-KLM counting on a full-year profit

Air France-KLM counting on a full-year profit

by Richard Schuurman | Jul 29, 2022 | Airlines | 0 comments

Air France-KLM has turned the corner on two difficult Covid-years by producing a net profit for Q2. Although HY1 still produced a loss on the back of a weaker Q1, the airline group expects a “significantly positive” Q3 and a positive full-year result. This is despite...
Soaring fuel costs and Dollar hurt unhedged Wizz Air

Soaring fuel costs and Dollar hurt unhedged Wizz Air

by Richard Schuurman | Jul 27, 2022 | Airlines | 0 comments

Wizz Air’s policy not to hedge fuel costs has bitten it hard in the first quarter of FY23. While passenger numbers and revenues significantly increased, they were negated by the effects of higher fuel and operating costs. It pushed the ultra-low-cost carrier...
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