Based on preliminary figures, Deutsche Lufthansa AG generated revenues of €17.0bn in the first half of 2017 (Q1 & Q2 2016 €15.0bn). The Adjusted EBIT came to €1,042m (2016 period: €529m). The passenger airlines achieved a cumulative Adjusted EBIT of €680m (2016 period: EUR 352m). Unit revenues at constant currency were up 0.5 per cent
In a move to protect its ability to operate between fellow EU countries after the UK leaves the EU in March 2019, easyJet is looking to create a new company, easyJet Europe, which will be based in Vienna. Currently the low-cost carrier is headquartered in Luton, U.K., 30 miles from London. The budget airline must
Norwegian’s British subsidiary ‘Norwegian UK’ (NUK) has been given tentative approval by the U.S. Department of Transportation (DOT) for a foreign air carrier permit. The approval reaffirms that the NUK application is in full compliance with the EU–US Open Skies Agreement. When finalised by the DOT, the permit will allow Norwegian’s UK subsidiary to operate
As a continuation of the discord between America’s big three carriers – American Airlines, Delta Air Lines and United Airlines – and Qatar Airways, Etihad and Emirates Airline, collectively known as ME3, American Airlines has issued notice to Qatar Airways and Etihad that it intends to stop their codeshare agreement. Notice was officially served on
Aurora Group, run by hotel tycoon Surinder Aurora, has put forward a proposal for revisions to the currently government-preferred plans for the expansion to London’s Heathrow Airport, which could create savings of up to £5.20bn on the current price tag of £17.5bn. Heathrow is considering the alternative proposal which would involve changing the design of
IndiGo, the Indian budget airline has expressed a keen interest in acquiring the international operations of fellow national carrier, Air India. However, IndiGo has made it clear from the onset that it would not be interested in any form of joint venture with the Indian government. IndiGo’s founders, Rakesh Gangwal and Rahul Bhatia, have also
The International Air Transport Association (IATA) has released May’s global passenger traffic results, revealing that compared to May 2016, revenue passenger kilometers (RPKs) was up 7.6%, though down from 10.9% growth in April. Capacity was up 6.1% and load factor was up 1.2% to 80.1%, a record high for the month of May. For the
As it looks to consolidate its foothold in the African commercial airline market, fastjet has acquired all intellectual property rights from easyGroup. Up until now the carrier had paid royalties to the easyGroup and Sir Stelios Haji-Ioannu, who established the brand in 2013. fastjet has paid the sum of £2.5 million (US$3.2 million), which represents
After 26 days of strike action taken already this year in connection with a protracted pay dispute, BA cabin crew began a further 16-day strike at 00:01hrs on July 1, which will last until 23:59hrs on July 16. The strike is being held by members of the Unite union who work on both long-haul and
The Indian government has given the go-ahead for the privatisation of the loss-making and debt-ridden Air India. Finance Minister Arun Jaitley confirmed that subsequent to a cabinet meeting, “in principle” approval has been given for the sale of a stake in the airline. This is one of a series of initial steps that needs to
