According to a report from the CAPA Center for Aviation, the 13 largest European airlines lost an aggregate net profit of some 72% last year. With costs growing faster than revenues (8.5% versus 8%) it seems clear some of these 13 will founder if things don’t change.
Europe airlines
Belavia Increases Flights to Kyiv
Belarusian national airlines Belavia has announced they will increase the number of flights in between Minsk and Kyiv from 7 to 10 flights per beginning March 31.
Alitalia CEO Steps Down
Andrea Ragnetti, CEO of Alitalia, has stepped down according to confirmed reports from the air carrier. According to the news brief, Chairman Roberto Colaninno will serve during the interim while the board appoints Ragnetti’s successor.
Air Malta Offers Merry Christmas Deals
By way of saying “Merry Christmas”, Air Malta is offering all their customers 25% off flights. This week long sale is available to some 20 destination that the airline flies.
Ryanair: How to Fly Right Financially
One of the world’s most competitive budget airlines, Europe’s Ryanair, reported better than expected profits today. The Dublin-based airline which made a name for itself with cost cutting, is now a favorite with travelers needing to do the same. On the news, Ryanair said net profit April to September jumped some 10%, while sales increased […]
Single European Sky Meetings Take Off in Cyprus
Yesterday key officials began a conference in Limassol (Cyprus) to try and get back on track in important transportation initiative for Europe, the so called Single European Sky aviation project to create a single European airspace. Despite widespread support and the logic of unifying European airspace however, nearly a decade has passed with mediocre progress toward this end.
Europe’s Regional Airlines: A Time for Solidarity Arrives at Gate One
Ulrich Schulte Strathaus, Secretary General of the Association of European Airlines revealed to Slovenian daily “Dnevnik” that air carriers of the former Yugoslavia need to unite in order to stay afloat. Once a single market capable of supporting in country players, the former Yugoslavia demands a single regional carrier to meet the growing needs.
LOT Polish Airlines Transatlantic Deals
In news from LOT Polish Airlines, business class airfares from New York and Chicago to some 30 destinations in Europe begin as low as $2533, according to a press release by the company.