- Air France-KLM Says Buying Stake in Virgin Atlantic Not Necessary[Dec. 04, 2019]
Airline group Air France-KLM said on Wednesday it was not necessary to buy a stake in Virgin Atlantic to expand a transatlantic joint venture with Virgin Atlantic and Delta Air Lines.
- Fastjet Looks to Sell Zimbabwe Business in Effort to Survive till 2021[Nov. 27, 2019]
Fastjet Plc said on Wednesday it is in talks to sell its Zimbabwean operations to a consortium led by its biggest shareholder Solenta Aviation for US$8 million, a deal which could help the South African low-cost carrier stay alive until 2021.
- Germany's Condor Attracts High Level of Takeover Interest[Nov. 26, 2019]
Thomas Cook's German airline Condor has drawn substantial interest from potential suitors, the group said on Tuesday, two months after its parent collapsed.
- Lufthansa to Sell European LSG Operations to Gategroup[Nov. 26, 2019]
Lufthansa is selling the European operations of its catering unit LSG to Switzerland's Gategroup, the German carrier said on Tuesday, confirming a Reuters report.
- Alitalia Rescue Plan Hits The Skids, Delta Still Interested in 10%[Nov. 21, 2019]
An Alitalia rescue plan ran into trouble on Wednesday when its main sponsor, railway group Ferrovie dello Stato, said conditions were not in place to set up an investor consortium to save the struggling Italian carrier.
- Cathay Pacific Group Releases Combined Traffic Figures for October 2019[Nov. 18, 2019]
The Cathay Pacific Group today released combined Cathay Pacific and Cathay Dragon traffic figures for October 2019 that show decreases in the number of passengers carried and the amount of cargo and mail uplifted compared to the same month in 2018.
- Expected Earnings Before Tax Better Than Previously Communicated on the Back of Strong Passenger Figures[Nov. 11, 2019]
SAS' outlook in the third quarter report was "that it will be challenging to reach a positive result before tax and items affecting comparability in fiscal year 2019". As a result of strong passenger figures and an improved unit revenue, the outlook is revised as SAS' earnings before tax and items affecting comparability is estimated to be in the range of SEK 700-800 million for the fiscal year 2019.
- Emirates Group Announces Half-Year Performance for 2019-20, with AED 1.2 Billion Profit, 7.9% Increase in Passengers Carried to Dubai[Nov. 08, 2019]
The Emirates Group recently announced its half-year results for its 2019-20 financial year.
- EasyJet, Jet2.com Buy Thomas Cook's UK Airport Slots[Nov. 08, 2019]
British budget airlines easyJet and Jet2.com have bought the take-off and landing slots of failed travel company Thomas Cook at London Gatwick and Manchester airports, respectively.
- Struggling Norwegian Air Raises US$272 Million from Share Sale, Bond Issue[Nov. 06, 2019]
Norwegian Air on Tuesday raised 2.5 billion crowns (US$272.31 million) to meet the struggling airline's cash needs through 2020 with its third share sale in two years and a bond issue.