Surging oil prices slow down aviation’s recovery March 7, 2022 The post-pandemic recovery of some airlines could be badly affected by the ongoing increase in oil prices. Prices today hit $130 per barrel, the highest level since 2008, amid fears of tightening supplies as both the US and Europe weigh in on a Russian oil ban after the Kremlin waged war in Ukraine. According to [...]
Lufthansa’s shares go down as airline says it has no plans for majority stake in ITA March 3, 2022 Lufthansa’s shares have gone down 8.09 per cent today as the German carrier announced it has no plans to gain a majority stake in Alitalia’s successor ITA. Chief executive Carsten Spohr told investors today not to worry about the takeover, as owning a majority stake in ITA is “far away” from his intentions. “We know [...]
Aviation software company Sabre cuts ties with Russia’s Aeroflot following Ukraine invasion March 3, 2022 Aviation software company Sabre announced today it has cut ties with Russian airline Aeroflot following Moscow’s invasion of Ukraine. The Texas-based group said it has terminated its distribution agreement, removing Aeroflot’s content from its global distribution system – which is used by global travel agencies and websites to book and service flight reservations. “We are [...]
Air Force One’s sister plane sent on training flight following Kremlin’s nuclear threats March 3, 2022 Air Force One’s sister plane, $200m Doomsday plane, was reportedly sent on a four-hour training flight following Russia’s nuclear threats to the West. Designed to become a flying government control centre in the event of a nuclear conflict, the Doomsday plane was seen on Monday taking off from a military base in Nebraska, the i [...]
Jet2 becomes first UK carrier to drop mandatory mask policy March 3, 2022 Passengers are no longer obliged to wear a face mask aboard Jet2 flights, as Jet2 was the first UK carrier to drop the requirement. “It’s no longer a legal requirement to wear a face mask at our airports or onboard our planes,” the airline said in a statement. “However, as per UK government guidance, we [...]
Aviation expects numbers to exceed pre-pandemic levels in 2024 March 1, 2022 The aviation industry expects traveller numbers to exceed pre-pandemic levels starting from 2024. According to a forecast by the International Air Transport Association (IATA), overall numbers will reach 4 billion in 2024, 103 per cent up on 2019 levels. Even though the impact of Omicron has caused a slight shift in near-term recovery predictions, the [...]
Airspace closures hit air cargo operations leading to more supply chain issues March 1, 2022 The Ukrainian conflict has hit air cargo operations worldwide, creating even more supply chain issues, analysts and companies said. Following the EU’s decision to close its airspace to Russian aircraft and the Kremlin’s retaliation, both passenger and cargo routes have been severely disrupted. Some of the biggest airlines in Europe – including Lufthansa, Air France-KLM [...]
EU airlines’ shares tumble following airspace closure February 28, 2022 The shares of major European airlines have taken a tumble following the EU’s decision to close its airspace to Russia. Legacy carriers have registered a slump, with British Airways’ owner IAG going down 4.19 per cent, while German carrier Lufthansa registered a 4.76 per cent fall. Share of aviation colossus Air France-KLM went down 2.30 [...]
Russia closes airspace to 36 countries as leasing deals cease February 28, 2022 Russia has retaliated against yesterday’s EU-wide closure banning the airlines of 36 countries from using its airspace. The move – which blocks access to its airspace to countries such as Italy, Germany and Canada – will force carriers to fly roundabout routes to south and south-east Asia, with countries such as Kazakhstan seeing numbers increase [...]
EU closes airspace to Russian air traffic February 27, 2022 The EU is closing its airspace to Russian air traffic as part of a new set of measures against the Kremlin’s invasion of Ukraine, European Commission president Ursula von der Leyen said this afternoon. “We are shutting down the the EU airspace for Russians,” she said during a press conference. “We’re proposing a prohibition on [...]