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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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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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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Virgin Atlantic announces launch date of São Paulo route, codeshare with GOL

Virgin Atlantic announces launch date of São Paulo route, codeshare with GOL

Virgin Atlantic confirmed yesterday the launch date of its new London-São Paulo route. The flight is scheduled for 29 March 2020, and will be operated by one of the carrier’s Boeing 787-9 Dreamliner aircraft.  Virgin Atlantic will join British Airways and LATAM in offering flights to the Brazilian city, with the route becoming the airline’s first ever to South America. The service will operate daily all year round.  Detailed route information can be seen below:…

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Norwegian offers slots to delay bond repayments

Norwegian offers slots to delay bond repayments

Scandinavian low-cost airline Norwegian is requesting to delay the repayment of bonds in exchange for its takeoff and landing slots at London Gatwick. The airline says it is requesting extension of the maturity dates for two sets of unsecured bonds – NAS07 and NAS08 – until November 2021 and February 2022, respectively. The two bonds were originally set to mature in December 2019 and August 2020. Norwegian claims that its Gatwick slots are valued at…

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Japan Airlines A350 enters service

Japan Airlines A350 enters service

Japan Airlines’ first Airbus A350-900 (JA01XJ) officially entered service yesterday, operating as Flight 317 from Tokyo Haneda to Fukuoka. The aircraft departed Tokyo’s Haneda International Airport 16 minutes past schedule at 12:26, arriving at 14:14. JAL has decided to deploy the A350 exclusively on domestic routes, starting with Fukuoka, with plans to expand to Sapporo (New Chitose), Okinawa (Naha), and Osaka (Itami). The aircraft will feature 369 seats across three cabins, including “First Class” and…

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AirAsia X orders further 12 A330neo aircraft

AirAsia X orders further 12 A330neo aircraft

AirAsia Group has placed an order for a further 12 Airbus A330-900s, in addition to the new long-range A321XLR. The southeast Asian budget carrier signed for the aircraft at an event in Kuala Lumpur on 30 August, adding to the 66 A330neos that it currently has on order.  In addition to the A330-900, the airline also placed an order for 30 A321XLR aircraft. The engine selection for the latter has yet to be disclosed, though…

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LATAM showcases new business class

LATAM showcases new business class

LATAM Airlines Group has revealed the first Boeing 777 retrofitted in its new ‘Premium Business’ cabin at an event in São Paulo. The Latin American airline holiding company is investing $500m (£410m) in improving the overall passenger experience, $400m (£330m) of which will go towards rennovating 200 cabins in over half of its fleet.  The launch event took place in LATAM’s largest maintenance facility at São Paulo-Guarulhos International Airport, kicking off with a colourful performance…

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Renaming 737 MAX off the table for Southwest

Renaming 737 MAX off the table for Southwest

Southwest Airlines will not be renaming the 737 MAX once the type returns to service, the airline has announced. The announcement comes as the Dallas-based airline recently extended cancellations of MAX-operated flights until at least 5 January 2020, amid uncertainty over when the Boeing aircraft will be allowed to fly again. Some airlines — most notably Ryanair — have opted to rebrand their MAX aircraft in an effort to distance themselves from the negative reputation…

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Boeing announces $3bn losses amid 737 MAX crisis

Boeing announces $3bn losses amid 737 MAX crisis

Yesterday, Boeing posted the largest loss in its history, with the American manufacturer losing an adjusted $3.7bn (£2.96bn) in the second quarter ending June. The loss comes as the 737 MAX approaches its fifth month of worldwide grounding, following two crashes which killed hundreds of people, the cause of both being attributed to the MAX’s MCAS anti-stalling software. The earnings call highlighted the impact to Boeing of the MAX grounding, as the company reported losses…

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