aviation-industry
Top StoriesAirline Sas Posts Bigger Q2 Loss, Eyes End to Restructuring
Top StoriesAirAsia Operator Capital a Records Loss in Q4 as Higher Costs Weigh
Top StoriesAircraft Lessor Avolon Sees Supply Chain Issues Persisting Into 2025
Top StoriesGermany’s Lufthansa Orders Four Airbus Planes
Portugal PM Welcomes Lufthansa’s Interest in Tap, Scholz Sees Good Fit
Date: April 20, 2023
Portugal PM welcomes Lufthansa’s interest in TAP, Scholz sees good fit LISBON (Reuters) – Portuguese Prime Minister Antonio Costa welcomed the interest expressed by Lufthansa in the upcoming privatisation of flag carrier TAP, but promised a level playing field and a transparent process for all contenders. Speaking to reporters alongside visiting German Chancellor Olaf Scholz,...
Aircraft Cleaning Chemicals Market Sales to Reach Us$ 3774.17 Million by 2032 | Future Market Insights, Inc.
Date: March 13, 2023
As per the analysis of FMI, the USA is expected to possess the highest market share in the North American Aircraft Cleaning Chemicals market. The China market is expected to reach a valuation of US$ 700 million by 2032. The Japan market is expected to show a decent growth rate during the forecast period. NEWARK, Del:...
U.S. Says Six Airlines Issue $622 Million in Refunds
Date: November 15, 2022
By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department said Monday that six airlines were slapped with $7.25 million in penalties and agreed to issue $622 million in passenger refunds as the agency vows to aggressively enforce consumer protections. The actions helped ensure the carriers paid required refunds “to hundreds of thousands of passengers...
Heathrow Airport Warns of Possible Travel Slowdown This Winter
Date: October 11, 2022
LONDON (Reuters) -Britain’s biggest airport Heathrow warned of a possible slowdown in travel demand this winter due to the deteriorating economic outlook, the impact of a new wave of COVID-19 and the escalating situation in Ukraine. Any drop in demand would be a new blow to the aviation industry, stalling its recovery from the pandemic...
Finnair to Cut Costs, Reduce Fleet to Return Profitable
Date: September 7, 2022
(Corrects to read Wednesday (not Monday), paragraph 1) HELSINKI (Reuters) – Finnair will reduce its fleet, cut costs and seek to build a geographically more balanced network, the Finnish national carrier said on Wednesday in a new strategy to solve its profitability problems. Finnair has been working on a new strategy and seeking new commercially...
Safran H1 Profit Rises but More Supply Chain Snags Ahead
Date: July 28, 2022
By Tim Hepher PARIS (Reuters) -French jet engine maker Safran posted higher first-half earnings and raised some forecasts as airlines bought more spare parts to serve a recovery in air travel, but warned supply chain problems could last well into 2023. The world’s third largest aerospace supplier, whose products range from wheels to wiring and...