Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger
Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target for the fourth quarter as travel restrictions linger.
Lufthansa cash-positive this summer, rescue deal on track – CEO
German airline Lufthansa (LHAG.DE) will generate positive cash flow this summer, while it should be possible to fully unwind a COVID-19 rescue package in a year’s time, CEO Carsten Spohr said late on Monday.
SpiceJet Limited has struck a deal with Avolon, a Boeing MAX aircraft lessor!
SpiceJet Ltd (SPJT.NS) of India stated on Thursday that it has struck an agreement with Avolon, a lessor of Boeing Co’s 737 MAX aircraft, allowing the planes to resume service. The airline said it expects to start operations of MAX aircraft around the end of September, subject to regulatory approvals. About SpiceJet Spicejet Ltd is […]
Wizz Air sees summer capacity close to pre-pandemic levels
Wizz Air (WIZZ.L) expects capacity to ramp up to between 90% and 100% of pre-pandemic levels in July and August as summer demand for European travel grows, and this could get an extra boost from further easing of UK restrictions.
Ryanair nudges up annual traffic forecast as summer bookings surge
Ryanair (RYA.I) on Monday nudged up its forecast for full-year traffic on strong summer bookings but said fares remained well below pre-pandemic levels as it reported a first-quarter net loss of 273 million euros ($322 million).
U.S. producer prices post biggest annual gain in more than 10-1/2 years
U.S. producer prices accelerated in June, leading to the largest annual increase in more than 10-1/2 years, suggesting inflation could remain high as robust demand fueled by the economy’s recovery from the COVID-19 pandemic strains the supply chain.
U.S. industry groups, lawmakers press White House to lift travel restrictions
A coalition of 24 industry organizations urged the White House to lift coronavirus restrictions that bar much of the world from traveling to the United States but a White House official told Reuters late on Wednesday reopening will need more discussion.
United Airlines unveils huge jet order in push for growth
United Airlines (UAL.O) unveiled its largest-ever order for Boeing (BA.N) and Airbus (AIR.PA) jets on Tuesday, lining up 270 planes in a push for post-pandemic growth with bigger jets for domestic flying
EU airlines, airports warn digital COVID-19 certificate roll-out risks chaos
Groups representing Europe’s largest airlines and airports have warned of chaos and hours-long queues unless countries better coordinate the roll-out of the EU’s digital COVID-19 certificate and ensure passengers are processed before arriving at airports.
Boeing 777X ‘realistically’ will not win certification approval before mid-2023 – U.S. FAA
The U.S. Federal Aviation Administration (FAA) has told Boeing Co (BA.N) that its planned 777X is not yet ready for a significant certification step and warned it “realistically” will not certify the airplane until mid- to late 2023.
