Air Berlin has posted a net loss of €45.6 million for its third quarter, 2016, blaming weak tourism demands. Earnings before interest and tax (EBIT), as well as restructuring costs, dropped 31% to €55.81 million. After factoring in restructuring costs, Air Berlin made a €17.3 million EBIT loss. Compared to the same quarter last year,
In 2015, U.S. authorities selected Stockholm’s Arlanda Airport in Sweden as one of ten foreign airports where U.S. border controls could be located. On November 4, an agreement to set up preclearance was signed in Stockholm by the US ambassador to Sweden, Azita Raji, and Sweden’s interior minister, Anders Ygerman. Preclearance is a system whereby
As Delta Air Lines (Delta) looks to acquire a 49% stake in Grupo Aeromexico SAB de CV (Aeromexico), the US Department of Transport (DOT) has given provisional agreement for the two carriers to set their own prices and coordinating schedules for their US-Mexico flights. This has all but paved the way for the two carriers
After several months of speculation, Mihin Lanka, the Sri Lankan low-cost carrier, which has never been a profitable carrier since its inception in 2007 has ceased operations. The country’s flag-carrying airline SriLankan Airlines has taken over all its existing flights. Operating a small fleet of Airbus A320-family aircraft, the low-cost carrier concentrated on routes within
As part of the nine-point “Trust Together” strategic project announced by Air France-KLM on November 3, the carrier, merger partners of the KLM Group, has revealed the intention to create a stand-alone company to run alongside which will be both “competitive and innovative”, designed to drive growth for the Paris-Charles de Gaulle hub. The creation
Only a year after Ryanair CEO, Michael O’Leary said “We won’t fly to Frankfurt”, the Irish low-cost carrier has revealed plans to fly four new routes from Frankfurt, starting March 2017. Operating with two Boeing 737-800s, the carrier will fly routes to Alicante, Malaga and Mallorca in Spain, and Faro in Portugal, with flights offered
The Australian Transport Safety Bureau (ATSB) has reported that analysis of two wing flaps that have been recovered and which have been identified as coming from the missing Malaysia Airlines Boeing 777 would indicate that they were not in the landing position when the plane descended. Flight MH370 disappeared without trace in March last year
With 78 million passengers in 2015, Dubai International Airport is the world’s largest international airport by passenger numbers, having seen a 13% annual compound annual growth since 2000. In 2010 a second Dubai international airport, Al Maktoum International Airport was opened. Today, November 1, the Dubai government announced it will be investing US$3 million, with
On Monday October 31, 2016, Lufthansa sayed farewell to its fleet of Boeing 737 aircraft, after almost 50 years. On a special flight, LH9922, between Frankfurt and Hamburg, the B 737-300 D-ABEC will be officially bid farewell at a joint event with Lufthansa Tachnik, after which it will fly back to Frankfurt with Captain and
The European commission has advised Belgium’s Brussels Airlines and TAP Portugal that their codeshare agreement on flights between Brussels and Lisbon have been operated in a manner that restricts competition and therefore breaches EU antitrust rules. According to the EU commissioner at the head of competition policy, Margrethe Vestager, “Code-sharing by airlines can bring benefits
