Ryanair is being “wary and cautious” on new Covid-variants popping up in the next three to six months. Without them, the Irish carrier should have a strong end of its FY22 and start of FY23, which begins in April. Omicron…
2022 will be a “transitional year” for US low-cost carrier JetBlue. It plans to pull “meaningful levers” to restore its earnings and improve on costs after reporting a $182 million net loss for 2021, including a $129 million loss in…
UPDATE – American Airlines has swung back into a net loss in the final quarter of 2021. After its best quarter ever in Q3 with a $169 million net profit, Q4 ended in red with a $931 million net loss. The carrier…
Some two months since launching services as the successor to Alitalia, ITA Airways has been steadily announcing codeshare agreements with partner airlines. The latest is with Kenya Airways, which offers new opportunities to African travelers. ITA Airways expands its codeshare network…
Russia’s United Aircraft Corporation (UAC) is further reshaping its business structure to bring its latest commercial aircraft, the Irkut MC-21 and Ilyushin Il-114-300, successfully to the market. For this, the Board has created a new role as Deputy General Director…
Icelandair is likely to get a new shareholder. Private multi-asset management firm Bain Capital has signed a binding agreement to take a 16.6 percent share in Icelandair Group the owner of the airline. The transaction, which is valued at $66.1…