Easyjet becomes first major airline to go carbon neutral November 19, 2019 Easyjet has become the world’s first major airline to offset all carbon emissions given off by its flights, as the aviation industry comes under mounting pressure to reduce its environmental impact. The budget carrier said the measure, which involves stopping deforestation in South America, installing solar panels in India and reducing wood-burning water sanitation in [...]
Boeing gets orders for 50 more grounded 737 Max jets from Kazakh airline November 19, 2019 Boeing’s grounded 737 Max received another vote of confidence today, as airlines announced plans to order up to 50 of the jets worth $6bn at list prices. Kazakhstan’s flag carrier, Air Astana, has signed a letter of intent to buy 30 of the 737 Max 8 planes, which are banned from global airspaces after two [...]
Rugby World Cup fans help Heathrow airport post record October traffic November 11, 2019 Heathrow airport enjoyed its busiest October on record as 6.9m passengers travelled from and to London’s international hub, thanks in part to fans flying to Japan’s Rugby World Cup. Airport traffic grew 0.5 per cent year on year, Heathrow revealed today, with the number of passengers flying to and from the Middle East rising 6.5 [...]
Revealed: Ryanair named as dirtiest airline in UK by passengers, says Which November 9, 2019 Ryanair has been named as the filthiest flight operator in the UK by passengers, according to a Which survey. Having surveyed 7,901 people who had taken 12,459 flights between them, more than half rated the level of hygiene in Ryanair plane cabins negatively. Read more: Jet2 buys Thomas Cook’s slots at Stansted, Manchester and Birmingham [...]
Honda cuts operating profit outlook by 10 per cent due to strong yen and falling motorcycle sales November 8, 2019 Honda has cut its annual profit expectations by 10 per cent and said it would buy back $915m shares over the rest of the financial year. Japan’s third biggest car maker is now predicting an operating income of ¥690bn for the year ending March 2020. Read more: Crossrail will not open until 2021 and could [...]
British Airways owner IAG cuts growth forecast November 8, 2019 British Airways’ owner International Consolidated Airlines Group (IAG) cut its growth forecast for the next few years due to an expected slump in passenger capacity growth. The company said average earnings per share growth would be 10 per cent in the three years from 2020 to 2022, compared to a previous estimate of 12 per [...]
Ryanair will ask for IAG divestments in €1bn Air Europa deal November 4, 2019 Ryanair boss Michael O’Leary is ready to ask competition regulators to intervene in British Airways owner IAG’s purchase of Air Europa, he said today. IAG is primed to buy the Spanish airline for €1bn (£860m) but O’Leary said he will ask the Competition and Markets Authority (CMA) to force the firm to make divestments to [...]
British Airways owner IAG pays €1bn for Air Europa November 4, 2019 British Airways’ parent company, IAG, has reached a €1bn deal to acquire rival Air Europa in a bid to bolster its presence in the South Atlantic. The deal means IAG can turn its Madrid hub into “a true rival” to the four European hubs of Amsterdam, Frankfurt, Heathrow and Paris Charles De Gaulle airports, the [...]
Fewer people wanted to fly this summer, and it has hurt Air France-KLM’s profits October 31, 2019 The parent company of Air France has warned that its income from people buying plane tickets fell in the last quarter, as “geopolitical uncertainties” hit its business. Shares in Air France-KLM fell as much as 12 per cent this morning as the firm reported that net profit had halved during late-summer trading. They eventually recovered [...]
Pilot strikes hits British Airways owner IAG’s profits October 31, 2019 Pilot strikes and fuel costs have dented third quarter profit for British Airways’ owner in line with its September profit warning. International Airlines Group (IAG) posted a third quarter operating profit of €1.42bn (£1.22bn), representing a 7.7 per cent decline from the corresponding period last year. Read more: IAG issues profit warning after British Airways [...]