Cathay cuts flight capacity as Hong Kong unrest continues

Cathay cuts flight capacity as Hong Kong unrest continues

Cathay Pacific faced its fourth consecutive month of low traffic numbers, as the carrier flagged “significant pressure” on its overall passenger yield. Passenger load factor last month decreased four points year-on-year to 77.6%, a marginal improvement over September’s load factor of 73.6%. As widespread unrest continues in Hong Kong, the airline has also trimmed year-end capacity. From August to October, flight capacity has been cut by 2-4%. In November and December, capacity will be reduced even…

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IAG acquires Air Europa in €1bn deal

IAG acquires Air Europa in €1bn deal

International Airlines Group (IAG) has announced it will buy Madrid-based Air Europa for €1 billion. The Spanish airline will be acquired by IAG subsidiary Iberia, with the group stating that the brand “will initially be retained and the company will remain as a standalone profit centre within Iberia run by Iberia CEO Luis Gallego”. IAG said that the move would transform its Madrid hub “into a true rival to Europe’s four largest hubs: Amsterdam, Frankfurt,…

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Norwegian reports 64% rise in Q3 profits

Norwegian reports 64% rise in Q3 profits

Norwegian has reported a 64% rise in third quarter operating profit, to NOK 2.97 billion (£250m), after slowing capacity growth in the period. Revenue was up 8% at NOK 14.4 billion (£1.23bn), primarily due to the airline’s intercontinental flights. Passenger numbers declined 3% to 10.5 million. The airline increased capacity by just 3%, compared with 8% during the third quarter of 2018 and a 48% hike during last year’s second quarter. Norwegian’s return to profitability…

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Flybe to be rebranded as Virgin Connect

Flybe to be rebranded as Virgin Connect

Flybe will be rebranded next year as “Virgin Connect” to bring its brand in line with co-owner Virgin Atlantic, it has been announced. Earlier this year, Flybe was bought for £2.8 million by Connect Airways, a consortium of investors consisting of Virgin Atlantic, Stobart Group and Cyrus Capital. As part of the move, the UK regional operator will drop its purple colour scheme in favour of Virgin’s red branding.  Announcing the new name, Mark Anderson, Connect…

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LOT to launch flights to San Francisco

LOT to launch flights to San Francisco

LOT Polish Airlines will launch flights from Warsaw to San Fransisco, the airline has announced. The route will commence on 5 August 2020 and will operate four times a week using the airline’s Boeing 787 aircraft. The launch of the route coincides with the annoucement that Poland will be added to the United States’ visa waiver programme. LOT chief executive Rafal Milczarski commented, saying: “We do believe that now Poles will be more willing to…

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British Airways and Malaysia Airlines sign codeshare agreement

British Airways and Malaysia Airlines sign codeshare agreement

Oneworld alliance members Malaysia Airlines and British Airways have signed a codeshare agreement taking effect today. BA will codeshare on Malaysia Airlines-operated flights to 14 Malaysian destinations, as well as nine destinations in Australia, Cambodia, Indonesia, New Zealand and Vietnam. In return, the Malaysian carrier will codeshare on BA-operated flights from London Heathrow to Aberdeen, Belfast, Edinburgh, Glasgow, Manchester and Newcastle. Subject to regulatory approval, the codeshare will then progressively extend to other European destinations…

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Delta takes 20% stake in LATAM

Delta takes 20% stake in LATAM

Delta Air Lines will be spending $1.9 billion (£1.5bn) in LATAM Airlines Group to take a 20% in the Latin American conglomerate, it has announced. The surprise deal will give Delta a much larger presence in the region, with the new partnership serving 435 destinations worldwide and carrying more passengers between North America and Latin America than any other partnership. As part of the deal, Delta will purchase four A350 aircraft from LATAM and will…

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Thomas Cook collapses following failed rescue talks

Thomas Cook collapses following failed rescue talks

Thomas Cook has filed for compulsory liquidation after last-minute negotiations on recapitalisation fell through. The UK Civil Aviation Authority (CAA) said this morning the tour operator had “ceased trading with immediate effect.” Just days ago, Thomas Cook Group said that it was in discussions to secure a £200 million standby fund on top of a previous capital injection — a £900 million rescue package from China’s Fosun Tourism Group and other lending banks and shareholders….

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SAS unveils new livery

SAS unveils new livery

Scandinavian Airlines (SAS) has unveiled a new livery ahead of the arrival of its first Airbus A350-900. The airline has opted for a sleek and modern style based on its signature blue colouring, with the ‘Scandinavian Airlines’ writing across the fuselage being replaced by a larger silver ‘SAS.’ The name ‘Scandinavian’ appears in bold on the underside of the fuselage, with an extended blue design featuring on the fin. The previously red engines are now…

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BALPA calls off BA strike for 27 September

BALPA calls off BA strike for 27 September

The British Airline Pilots Association (BALPA) announced today it has called off the next strike scheduled for 27 September in the ongoing dispute between British Airways and its pilots.  Last week, British Airways pilots striked for the first time in the airline’s history, walking out for two days following failed negotiations between the airline and the pilots’ union over pay.  The strikes led to the cancellation of nearly 100% of BA flights, costing the airline…

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