Articles tagged “AW Daily”

Airline Weekly

Ryanair Wary of Additional Covid Variants Hitting Summer Recovery

The Omicron variant has spooked Ryanair's usually brash CEO Michael O'Leary. After a disappointing December, he is now uncharacteristically cautious about the summer, which previous forecasts had held would be a blockbuster for the European low-cost carrier.

2 years ago

Airline Weekly

Chinese Airlines Warn of $7 Billion in Losses After Roller Coaster 2021

China'a airlines, by the end of 2020, were flying almost as much as they did in 2019, thanks to the country's strong domestic travel rebound. They expected the same last year, but 2021 was dismal, due to internal travel restrictions stemming from China's strict pandemic policies and frequent lockdowns.

2 years ago

Airline Weekly

737 Max Still Tops Boeing’s List of Challenges for 2022

Boeing faces down a myriad of challenges in 2022 from resuming deliveries of its 787 to certifying more models of its bread-and-butter 737 Max. But in the face of adversity, the U.S. planemaker is finding silver linings in its plight and is optimistic about its future.

2 years ago

Airline Weekly

Cargo Once Again Saved Airlines Last Year

The airline industry recovery didn't happen last year, despite hope early in 2021 that passengers would return to travel. Domestic travel rebounded more quickly, but international travel is a fraction of what it was. The one bright spot for airlines? Cargo, which is stronger now than it was before the pandemic.

2 years ago

Airline Weekly

Hong Kong Restrictions Push Cathay Pacific Back Into the Red

Hong Kong's Cathay Pacific Airways will bleed cash this year, thanks to the region's strict quarantine regulations. With no domestic market to fall back on, Cathay Pacific has seen its passenger traffic plummet to just about 5 percent of pre-pandemic levels.

2 years ago

Airline Weekly

Latam, Aeromexico Face Allegations of Coercive Tactics in Bankruptcy Restructurings

Aeromexico's and Latam's plans to exit U.S. Chapter 11 bankruptcy protection are becoming increasingly fraught as creditors fight over who is getting favorable treatment. The fights complicate the recovery plans of two of Latin America's largest international airlines.

2 years ago

Virgin Atlantic CEO Warns Inflation Will Drive Higher Costs, Fares in 2022

Higher inflation may be around for longer than expected, but how high can the airline take its fares when everyone’s looking to kickstart demand?

2 years ago

Airline Weekly

Aircastle CEO Sees Consolidation Ahead for Aircraft Leasing Sector

Aircastle CEO Michael Inglese is the latest aircraft leasing leader to predict a wave of consolidation in the sector. This as airlines increasingly tap lessors for aircraft and financing for the coronavirus recovery.

2 years ago

Airline Weekly

Denver Approves Airport Project With $1 Billion Cost Overrun

At long last, the Denver City Council approved expansion of the airport's Great Hall. But the project comes at a price — it's at least $1 billion over budget and will be completed seven years behind schedule.

2 years ago

Airline Weekly

Airbus Confident in Production Increase to Meet Surging Jet Demand

Airbus delivered more aircraft in 2021 than it planned. But with an 11-year backlog of its bread-and-butter A320 family, the planemaker is looking at selling more of its other jets and boosting production rates this year.

2 years ago