Air France-KLM in talks with Apollo on 500 mln euro cash injection
Air France-KLM said on Friday it had entered exclusive talks with private equity firm Apollo for a 500 million euro ($529 million) capital injection into one of its engineering and…
Sri Lankan Airlines to be sold off, new PM says.
After less than a month of the debate and criticism for the state-owned carrier Sri Lankan, the newly elected Prime Minister Ranil Wickremesinghe, decided to pull-off the plug on the…
United Airlines lifts second-quarter revenue forecast
Image: United Airlines United Airlines Holdings Inc on Monday raised its revenue estimate for the current quarter despite trimming capacity, underscoring a booming travel demand. The Chicago-based carrier now expects…
Emirates posts $1 billion annual loss, bets on profitability in FY2022-23
Image : Ryan Fletcher / Shutterstock Emirates, the government-owned carrier of the United Arab Emirates, published its annual financial results for FY2021-22, in which the airline ended with a $1…
Analysis: Jetmakers’ inflation shield no match for soaring costs
Inflation clauses that determine how much airlines pay for new jets have jumped into a “hyper-escalation” band, pushing up aircraft prices but still leaving manufacturers unable to fully pass on…
China Eastern Airlines to raise up to $2.2 billion through share sale
China Eastern Airlines Corp plans to raise up to 15 billion yuan ($2.23 billion) in a share sale to expand its fleet and to replenish working capital, the company said…
Aeroflot says it will not publish first quarter financial results
Russian flag carrier Aeroflot has announced that it will not publish financial results for the first quarter of 2022, citing shareholders’ inability to “make investment decisions”. “Disclosure of material information…
British Airways-owner IAG scales back summer ramp-up to avoid disruptions
British Airways-owner IAG cut back plans to ramp up short-haul flights to avoid disruption at Heathrow airport this summer, sending its shares skidding 8% on Friday after admitting it doesn’t…
Lufthansa sees return to profit this quarter as air travel rebounds
Germany’s Lufthansa is looking to return to an operating profit this quarter as demand for travel rises with the easing of COVID-19 curbs and the airline raises ticket prices to…