Cathay Pacific and Cathay Dragon significantly improved their HY1-results compared to last year, the Hong Kong-based airlines announced on August 7. Combined profit for the first six months of 2019 was HK$615 million, compared to -904 million last year. Group…
Overcapacity and pressure on fares and yields in Europe are hurting the continent’s two biggest airlines. After Ryanair blamed excessive capacity at below cost prices for its 21 percent drop in profit in HY1 (to EUR 243 million) on July…
Lufthansa’s low-cost airline Eurowings before the end of next year will re-focus on short-haul, point-to-point operations, slash costs by 15 percent and later on modernize its fleet. This is the most significant announcement at Lufthansa’s Capital Markets Day for investors…
Lufthansa came up with a couple of surprises at its Q1 results presentation on April 30. The first was the results itself, with a Group loss of EUR -336mln. The second is when the German aviation giant disclosed that it…
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