Leaders of Germany's ruling coalition have agreed to lower costs for airlines, including tax reductions and more efficient security screenings. Why it's important Germany's aviation industry has complained for years that its high costs have put it at an unfair disadvantage to European competitors. CONTEXT Low-cost carriers such as Ryanair and EasyJet reduced capacity in Europe’s largest economy citing high costs. Although passenger numbers have increased in Europe and are now up 3% compared to the pre-pandemic level, they still fell 19% in Germany. This is where Lufthansa has its main hubs at Frankfurt and Munich. By the Numbers The...

Goh Choon Phong, the CEO of Singapore Airlines, said that the airline does not expect a significant impact due to the delayed delivery of Boeing 777-9 aircraft. "SIA's fleet plan has always included flexibility. In this case, despite the delay, he did not expect any major impacts. Boeing has pushed back the delivery date of its long delayed 777X programme to 2027. Goh refused to disclose compensation discussions between Boeing and the airline. He said: "As to delivery delays or future aircraft supply, I'd just say that SIA is in a privileged situation as one of the top carriers. You...

Cirium, an aviation analytics company, and airline officials report that U.S. carriers have cut fewer flights on Friday than required by the requirement to cut 6% domestic flights from the 40 busiest American Airports. Federal Aviation Administration announced late Wednesday that it would not increase cancellation requirements and freeze mandatory flight reductions at 6%. This was in line with what had been previously announced. Cirium reported that airlines cancelled just 1.4% of flights for Friday after cancelling 3.5% on Wednesday and Thursday. The FAA may revise or add to the order. United Airlines announced that it had cancelled 134 flights...

B&M, a British discount retailer, reported a weak start for the crucial Christmas quarter on Thursday, sending its share price to a new record low. However, its CEO is hopeful that a strong position with festive gifts and decorations can improve their performance. Helen Cowing, an experienced finance executive, was appointed interim finance director a month following the disclosure of an accounting mistake that resulted in a profit warning as well as the departure of their previous finance chief. Five months after taking on the position, CEO Tjeerd Gegen has already laid out a turnaround plan that focuses on reducing...

Singapore Airlines announced a steep drop in its first-half profits on Thursday. The company was hit by losses suffered at Air India in India, increased costs, and intense competition across major markets. The flag carrier of the city-state reported a half-year profit of S$239 (US$184.67) million for the six-month period ended September 30. This compares to S$742 millions a year ago and Visible Alpha's consensus estimate at S$341.9. Despite a decline in net fuel prices, total expenditure increased by S$170 millions. The airline's expansion of capacity and inflationary pressures on several cost components contributed to the increase. Interest income for...

Wizz Air forecasted a single-digit drop in revenue for the full year and stated that winter capacity is a "short term challenge" even though its operating profit for the first half of 2018 jumped by almost 26%, to 439.2 millions euros ($512.20). The operating profit was substantially higher than analysts expected. Analysts surveyed by LSEG had predicted an operating profit 367 million Euros. In a recent statement, Chief Executive Jozsef Varradi stated that they are looking to manage their capacity for the winter season due to the anticipated drop in unit revenue. Wizz Air announced last week it would delay...

A federal court jury in Chicago on Wednesday ordered Boeing to pay over $28 million to a family of a United Nations environment worker who died in the crash of a 737 MAX in Ethiopia in 2019. The verdict given to the Garg family is the first of dozens of lawsuits that were filed following the crash in India and the one in Indonesia in 2018 which killed 346 people. According to the attorneys representing the family, a deal was reached between the parties on Wednesday morning. Garg's parents will receive 35.85 million dollars - the total verdict plus 26%...

The U.S. Court of Appeals temporarily stopped an order issued by a government agency to Delta Air Lines, Aeromexico and other companies to dissolve a joint venture before January 1, 2019. The airlines sued the Transportation Department to stop the order to cancel the joint venture, which has been in place for nearly nine years and allows the carriers to coordinate flight schedules, pricing, and capacity between the U.S. USDOT issued the order in September as part of a series of U.S. actions against Mexican aviation, citing concerns about competition. Carriers said that they would be unable to recover substantial...

Next Wednesday, a U.S. Senate Subcommittee is holding a hearing on the impact the shutdown has had on aviation safety. This comes after disruptions to thousands of domestic flights affecting millions of passengers. The committee confirmed a report that the hearing will be held on November 19, and include testimony by Nick Daniels, President of the National Air Traffic Controllers Association, as well as Chris Sununu. Chris Sununu is the chief executive officer of Airlines for America. This trade group represents major airlines. Last week, the Federal Aviation Administration took an unprecedented step by requiring that flights be cut by...

Delta Air Lines is expecting a solid fourth quarter, despite the flight disruptions due to the shutdown of the federal government, CEO Ed Bastian said on CNBC Wednesday. Bastian stated that, while disruptions to Delta's business would be costly for the airline industry and economy as a whole, they wouldn't "wipe" out its quarterly profits. His comments come after a recent wave of cancellations caused by the absence of air traffic controllers. Delta Airlines said that its operations recovered after the weekend disruptions caused by staffing issues with air traffic controllers and seasonal weather conditions in Atlanta, among other places....

Local authorities reported on Wednesday that at least 37 people died and dozens were injured when a bus crashed into a ravine near the mountains of Arequipa in southern Peru. Walther Oporto is the regional health chief for Arequipa. He cited firefighters who were at the accident site. The number of deaths was one of the highest recorded in Latin America in recent years, and it was also the deadliest in Peru. According to the list provided by local authorities, an eight-month old baby and two more children were among those injured. Llamosas bus company did not respond immediately to...

TUI, Europe's largest tour operator, announced on Wednesday that its earnings for its fiscal year 2025 exceeded its expectations due to strong hotel and cruise demand. In constant currency, the underlying earnings for the fiscal year that ended September 30 came to 1.46 billion euro ($1.70 billion). This was an increase of 12.6% over the previous year, exceeding the company's goal for a growth between 9% to 11%. In a press release, CEO Sebastian Ebel stated that "this success is primarily fueled by our integrated business models and record results within the Hotels & Resorts and Cruises segment." At 1443...