Tuesday 28 July 2015
 
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Global airlines' profit expectations decline

Global airlines are not expecting to see significant improvements in key profitability drivers, likely reflecting concerns over weakness in the global business environment and emerging market economies. In a quarterly survey conducted t

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German carrier Lufthansa eyes Luxair stake sale

Lufthansa is considering to sell its 13 per cent stake in Luxair and has been in touch with other shareholders, including the Luxembourg government, to discuss the matter. Lufthansa, which has held a 13 per cent stake in flag carr

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Qatar Airways wins top Skytrax awards

Qatar Airways has won three of the top aviation accolades at the annual Skytrax World Airline Awards, winning ‘Airline of the Year’ for the third time, a statement by the airline said. The airline also collected two ot

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Lufthansa sees good May traffic as new seats lure fliers

A positive trend in April traffic at Germany's Lufthansa continued last month as well with new business class and premium economy seats attracting passengers, said its chief executive Carsten Spohr. Lufthansa said last month i

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Saudia to add over 80 planes in major expansion

National carrier Saudi Arabian Airlines (Saudia) plans to add more than 80 planes to its fleet by 2020, expanding its size by over two-thirds, a top executive was quoted as saying by state news agency SPA. Director-general Saleh b

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US airlines receive benefits worth $71bn: study

US airlines have received benefits valued at $71.48 billion, more than $70 billion of which has been since 2000, enabling the nation's three largest carriers to transition from the verge of bankruptcy to today’s industry leaders, each

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Etihad Cargo wins ‘Cargo Airline of the Year’ award

Etihad Cargo, the cargo division of Etihad Airways, the national airline of the UAE, has been recognised as ‘Cargo Airline of the Year’ by leading industry magazine, Air Cargo Week, at a prestigious gala dinner awards ceremony in Mun

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Emirates to launch third daily flight to Beirut

Dubai-based Emirates airline will gradually increase its services to Beirut with a third daily flight, fully effective on October 1. The addition of this service will take the total number of weekly Emirates flights serving Lebano

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Air Arabia Q1 net profit rises 9pc

Budget carrier Air Arabia, the UAE's only listed airline, reported a 9 per cent rise in first-quarter net profit on Sunday as it flew more passengers. The Sharjah-based carrier made a net profit of Dh78.1 million ($21.3 millio

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Etihad flight diverted to airbase due to security reasons

An Etihad Airways airliner travelling from Egypt to the UAE was diverted to an air base in Dubai on Sunday for "security reasons," the airline said, the second incident of its kind in one week. It did not specify the sec

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