Limousine

[ad_1] Southwest Airlines on 4 November disclosed the appointment of Rakesh Gangwal as independent chair of the company’s board of directors, filling the role left vacant by former executive chairman Gary Kelly.  Kelly’s “accelerated retirement”, which came as six new directors were recently appointed to Southwest’s board, was effective 1 November.  Southwest added Gangwal to its board in July, amid intensifying pressure from minority stakeholder Elliott Investment Management to embrace major leadership changes.  A long-time airline executive, Gangwal is co-founder of India’s InterGlobe Aviation, which operates …

[ad_1] Turkish Airlines’ profits slipped amid higher costs in the third quarter, a period in which strong cargo growth helped offset flat passenger revenue. The Star Alliance carrier boosted revenue 5% year on year to $6.63 billion in the three months ending 30 September 2024. Notably, while passenger revenue was virtually flat at $5.55 billion versus the same quarter last year, cargo sales jumped 47% year on year to $911 million. The latter growth was driven by strong demand from the Far East.  Operating …

[ad_1] After an eight-year inquiry, Egyptian investigators have controversially concluded that ignition of explosive material behind the cockpit of an EgyptAir Airbus A320 resulted in a fire and the loss of the aircraft, an explanation dismissed by French counterparts. The twinjet – operating from Paris Charles de Gaulle to Cairo on 19 May 2016 – came down in the Mediterranean Sea after radar contact was lost in Egyptian airspace, with the aircraft at 37,000ft some 7nm south of the KUMBI waypoint. None of …

[ad_1] Spirit Airlines plans to furlough a further 330 pilots early next year as it navigates a period of severe financial turbulence.  Miramar, Florida-based Spirit said on 31 October that the furloughs – effective on 31 January – come amid broad “cost-savings initiatives, including a reduction in workforce, as part of our comprehensive plan to return to profitability”.  “These decisions are never made lightly, and we are committed to treating all affected team members with the utmost care and respect during this process,” …

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[ad_1] Home carrier KLM has hit out at a hike in fees at Amsterdam Schiphol airport, increases it says will make it inevitable that ticket prices will rise. Airport operator Royal Schiphol Group today outlined plans to increase airport fees by 37% over three years. That includes a 41% jump in charges next year, followed by a planned rise of 5% in 2026 and a proposed cut of 7.5% in 2027 – though the fees for the latter two years remain subject …

[ad_1] Norwegian has cut its forecast capacity growth as it recalibrates its plans to absorb the impact of worsening Boeing delivery delays. Speaking during a third-quarter earnings briefing on 25 October, Norwegian chief executive Geir Karlsen said next year will see two years of “decent growth” at the Scandinavian low-cost carrier come to an end, with only three or four Boeing 737 Max deliveries planned. He expects the delivery delays to continue into 2026, creating a prolonged period of capped capacity across the …

[ad_1] IndiGo believes groundings of its Airbus A320neo-family aircraft for inspections of their Pratt & Whitney geared turbofan (GTF) engines is likely to have peaked in the mid-70s during its fiscal second quarter. It made that assessment as it reported a net loss for the seasonally weak July-September period, following seven straight quarters of profit. “We have now turned a corner with the grounding situation,” said IndiGo chief executive Pieter Elbers during an earnings call on 25 October. Groundings have already dropped to the …

[ad_1] South African Airways has raised the possibility of selling slots at London Heathrow in order to help address the airline’s financial pressures. SAA is government-owned and has been forced to revise its business strategy after a long-running attempt at privatisation collapsed earlier this year. The carrier’s chair, Derek Hanekom, told a parliamentary public accounts committee meeting on 22 October that SAA had emerged from business rescue, in September 2021, a “seriously weakened airline”, but there had since been “steady growth”. He says, however, …

[ad_1] Middle Eastern carrier Emirates is aiming to take a decision by the end of this year whether to take the Boeing 777-8F or Airbus A350-1000F as its future freighter from 2028. The Dubai-based carrier disclosed the timeline after signing for five more Boeing 777Fs to expand its SkyCargo fleet. Emirates is already a customer for the 777-8 passenger aircraft, having committed to 35 of the twinjet variant at last year’s Dubai air show. It is also preparing to introduce its first A350 this …

[ad_1] Graham and Lewis discuss early signs in the third-quarter earnings season. They then examine the impact of more bad news on aircraft delivery delays, as Boeing grapples with strike action from machinists. Finally, they look back on this year’s IATA World Sustainability Symposium and what stakeholders had to say about progress towards the net-zero target. Music credit: Tea K Pea “highabove”/Creative Commons. [ad_2] Source link …

[ad_1] IAG’s Irish carrier, Aer Lingus, is to open a new Airbus A321XLR transatlantic service to the US city of Indianapolis next year. The carrier will fly four-times weekly from Dublin beginning 3 May. Aer Lingus, one of the first airlines set to introduce the long-range A321XLR, will operate the twinjet on the route. The Dublin-Indianapolis sector has a great-circle distance of around 3,200nm. Aer Lingus will configure the aircraft in two classes including 16 seats in the business cabin. The new route will operate almost …