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SAA strike could push airline towards collapse

SAA strike could push airline towards collapseCAPE TOWN - South African Airways (SAA) said on Wednesday it might never recover if a strike by labour unions goes ahead this week, underscoring how close the state-owned company is to collapse. The airline had to cancel nearly all its schedule for Friday and Saturday in the wake of industrial action.»
2 days ago
Capacity outlook

Wizz Air raises profit forecast as rivals struggle

Wizz Air raises profit forecast as rivals struggleBUDAPEST - Wizz Air lifted the bottom end of its annual profit forecast and further raised its capacity growth outlook, as the budget airline flew more passengers and curbed costs in the first-half, while struggling rivals cut expansion plans. The Airline does not suffer delays caused by the 737 MAX Grounding.»
2 days ago
2019 tally

Boeing orders sink as customers opt to swap MAX

Boeing orders sink as customers opt to swap MAXSEATTLE - Boeing took 10 new plane orders last month, but saw some customers swapping the U.S. planemaker's grounded 737 MAX planes in favor of more expensive wide-body planes as doubts lingered about the MAX's return to service, which the manufacturer expects by January 2020.»
3 days ago

South African Airways could cut more than 900 jobs

South African Airways could cut more than 900 jobsCAPE TOWN - South African Airways (SAA) said it had started consultations with its more than 5,000 staff and was talking to labour unions. The airline has not made an annual profit since 2011 and is grappling with severe funding difficulties and an inefficient and ageing fleet of airplanes.»
3 days ago

Boeing flags 737 MAX return to service

Boeing flags 737 MAX return to serviceWASHINGTON - Boeing on Monday said it expected U.S. regulators to approve the return to commercial service of its grounded 737 MAX jet in the coming weeks, and its shares jumped as investors grew more hopeful the planemaker had addressed software problems at the heart of two fatal crashes.»
4 days ago
Category 2

U.S. aviation authority downgrades Malaysia's air safety rating

U.S. aviation authority downgrades Malaysia's air safety ratingKUALA LUMPUR - The U.S. Federal Aviation Administration (FAA) has downgraded Malaysia's air safety rating, restricting the country's airlines from adding flights to the United States, four sources familiar with the matter told Reuters. Malaysia has been downgraded to Category 2, said the sources, who did not want to be identified.»
4 days ago

Qantas joins IAG in pledge to slash emissions

Qantas joins IAG in pledge to slash emissionsSYDNEY - Qantas Airways on Monday pledged to slash its carbon emissions to net zero by 2050, joining British Airways owner IAG as the industry's response to climate change activists gathers momentum. The Australian airline will invest in research on biofuels to cap emissions at 2020 levels.»
5 days ago
Climate change

Nine EU countries call for European aviation tax

Nine EU countries call for European aviation taxBRUSSELS - Nine European Union states have called on the bloc's incoming executive Commission to introduce an EU-wide tax on aviation so as to charge a polluting industry more for its emissions and put all member states on level pegging. The industry set itself an ambitious 2050 target.»
6 days ago
Boeing 787

Rollls-Royce takes another Trent 1000 hit

Rollls-Royce takes another Trent 1000 hitLONDON - The bill to fix Rolls-Royce's Trent 1000 engine has risen by another 800 million pounds ($1 billion) as the aerospace group battles to reduce disruption to airline customers that have had to ground Boeing 787 passenger planes for repairs. The problem fix will extend into 2023.»
7 days ago

Lion Air discovers structural cracks on newer 737s

Lion Air discovers structural cracks on newer 737sJAKARTA - Lion Air has found structural cracks in two Boeing Co 737 NG planes with fewer flights than a U.S. Federal Aviation Administration (FAA) threshold for checks, Indonesia's aviation safety regulator said on Friday. The issue becomes a widespread concern among 737 operators worldwide.»
7 days ago
New shares

Norwegian secures yet another lifeline

Norwegian secures yet another lifelineOSLO - Norwegian Air's third fundraising from investors in 20 months could be the airline's final chance to prove it can make money from cheap transatlantic air travel, one of its major shareholders said on Wednesday. It said the money would cover its needs "through 2020 and beyond based on the current business plan".»
7 days ago
Bleak outlook

IAG cuts capacity and profit forecasts

IAG cuts capacity and profit forecastsLONDON - British Airways owner IAG scaled back its forecast for capacity growth for the next three years on Friday, hitting its outlook for earnings per share as the prospects for the global economy remained weak. The airline group braces for a "soft" 2020 macroeconomic environment.»

Short News

Jet2 to operate A321s on Thomas Cook slots

MANCHESTER - Jet2 snapped up slots of defunct Thomas Cook Airlines at "key" UK airports. The leisure operator will add A321 capacity in the summer 2020 to fill gaps Thomas Cook left.»

Virgin Atlantic adds capacity to Manchester

MANCHESTER - Virgin Atlantic has announced an expanded flying operation out of Manchester Airport for Summer 2020.»

Birmingham airport strives for carbon neutral operation

BIRMINGHAM - Birmingham Airport has announced its commitment to become a net zero carbon airport by the year 2033, prioritising zero carbon airport operations and minimising carbon offsets.»

New Heathrow train link faces further delays

LONDON - London's Crossrail project running from Heathrow Airport to the Canary Wharf financial district could cost an extra 650 million pounds ($832 million) and not open until 2021, more than two years behind schedule.»

Willie Walsh plans retirement from IAG

LONDON - Willie Walsh, the chief executive of British Airways owner IAG, said on Friday he planned to retire within the next two years.»

Volunteers discover Swiss A220 engine parts

PARIS - French volunteer search teams have found fragments from an engine that exploded in mid-air over eastern France in July, officials said on Wednesday.»

Norwegian taps bond market

OSLO - Norwegian Air is planning a share issue and a $175 million bond, it said on Tuesday, adding that the deals would raise enough cash to meet the struggling budget airline's needs through 2020 and beyond.»

UK tightens Emirates flight crew immigration rules

LONDON - Emirates will add a regular flight attendant to its A380 flights to the UK as authorities tighten rules.»

Cebu orders 16 Airbus A330-900

TOULOUSE - Philippines' Cebu Air Inc has finalised the purchase of 16 long-range Airbus A330neo jets worth $4.8 billion at list prices, the airline said on Monday.»

British Airways to trial driverless luggage vehicles

LONDON - As part of its ongoing £6.5bn investment for customers, British Airways is trialling autonomous, emissions-free baggage vehicles at its home at Heathrow, to help the airline further improve punctuality and depart every flight on time.»

BA owner IAG profit knocked by pilot strikes

LONDON - British Airways owner IAG said on Thursday that it had taken a hit from industrial action from pilots at the airline, knocking profits in its third quarter.»

Italy rejects plan to enlarge Rome airport

ROME - Italy's environment ministry has rejected a plan by Aeroporti di Roma (ADR), a unit of infrastructure group Atlantia, to enlarge Rome's Fiumicino airport, a ministry spokeswoman said on Monday.»

ANA to slash 2019 guidance

TOKYO - Japan's ANA Holdings Inc on Tuesday cut its full-year operating income guidance by 15%, citing a decline in cargo demand stemming from U.S.-China trade issues, a slowdown in business demand and intensifying competition in the budget sector.»

Brazil wants 737 MAX back in service

BRASILIA - Brazil is working to bring the Boeing 737 MAX airplane back to service "by the end of the year," Civil Aviation Secretary Ronei Glanzmann said on Sunday.»

Tanzania state carrier aims to double fleet

DAR ES SALAAM - Tanzania’s state carrier plans to double the size of its fleet to 14 aircraft by 2022 and is exploring new routes and code-sharing agreements with other airlines, a senior government official said on Saturday.»

Software link suspected in A220 engine blowouts

PARIS - A probe into a series of engine failures on Airbus's smallest jet, the A220, is studying whether a software change set off unexpected vibrations that damaged fast-moving parts and forced three emergency landings.»

Flybe and Loganair renew cooperation agreement

LONDON - Flybe, Europe’s largest regional airline, and Loganair of Scotland announced a new co-operation agreement that offers passengers the choice of a broad range of additional travel connections throughout the UK and Europe.»

Qatar Airways may convert its 777-8 order

DOHA - IAG shareholder Qatar Airways said it may convert its ten orders for the Boeing ultra-long-range 777-8 widebody jet to the larger 777-9, depending on the performance of the 777-9.»

Flybe becomes Virgin Connect

LONDON - A group around Virgin Atlantic saved Flybe from the brink of bankruptcy earlier this year. The British regional airline is due to align its name and brand with the new owner.»

Swiss to suspend A220 operation

ZURICH Swiss airline Swiss has grounded its fleet of 29 Airbus A220 jets to make engine checks after one encountered technical problems on a flight to Geneva from London on Tuesday.»

Norwegian to increase flights to the U.S.

LONDON - Norwegian plans frequency increases between London Gatwick and key US destinations such as San Francisco and Tampa. The increases will take affect from 29th March 2020 and run throughout the summer 2020 schedule. »

Thomas Cook failure spurs UK to act on airlifting tourists home

LONDON - Britain's government plans to introduce new legislation to make it easier and faster to bring home stranded holidaymakers after the collapse of Thomas Cook led to the country’s biggest ever peacetime repatriation.»

IAG commits to net zero carbon emissions by 2050

LONDON - British Airways owner IAG said it will achieve net zero carbon emissions by 2050, becoming the first major airlines group to make such a commitment.»

Tui invites Thomas Cook crews to join its airline

MANCHESTER - Tui UK responds to the Thomas Cook demise: the airline will boost its seat capacity and increase its pilot headcount.»

Airlines ground 737 NGs upon cracks

SEATTLE - Southwest Airlines Co and Brazil’s Gol Linhas Aereas said on Wednesday they had grounded a total of 13 Boeing 737 NG airplanes after U.S. regulators ordered urgent inspections last week.»



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Q3/19 (Ø)
ARA Spot Price in US-¢/Gal. (28/10/2019)
Source: EIA, change compared to previous day / quarter


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