SQUAWK

JAL to acquire Spring Airlines Japan as subsidiary

Japan Airlines will acquire Spring Airlines Japan to become a consolidated subsidiary, as part of a move to streamline its low-cost units and tap into future growth potential.  Japan Airlines will acquire Spring Airlines Japan to become a consolidated subsidiary,...

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S7 overtakes Aeroflot in first quarter after riding domestic wave

S7 Airlines emerged as the largest passenger carrier in Russia over the first quarter of this year, tipping Aeroflot off the top slot, according to the country’s official civil aviation figures. Federal air transport regulator Rosaviatsia states that S7 carried...

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JAL domestic 777s to exit by 2023, A350s to become flagship

Japan Airlines has picked the Airbus A350 as its future flagship aircraft, as it retires its fleet of domestic Boeing 777s by 2023, and reduces the number of large widebodies in the medium term.  Japan Airlines has picked the Airbus...

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JAL plunges to $3.6bn operating loss in FY2020

Japan Airlines (JAL) swung to an operating loss of Y390 billion ($3.6 billion) in its 2020 financial year to 31 March. Japan Airlines (JAL) swung to an operating loss of Y390 billion ($3.6 billion) in its 2020 financial year to...

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IAG expresses confidence in liquidity position but caution on Q2 capacity

European airline group IAG expects to operate around 25% of pre-crisis capacity in the second quarter of this year amid the continued impact of Covid-19 travel restrictions. Reporting its first-quarter performance on 7 May, the British Airways and Iberia parent cites...

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​Australian leaders sound cautious tone on international reopening

Australian cabinet ministers have suggested that international travel to the country might not open up until the second half of 2022. Australian cabinet ministers have suggested that international travel to the country might not open up until the second half...

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Covid-19 crushes AirAsia Group Q1 traffic figures

AirAsia Group carriers reported a significant decline in passenger traffic for the first quarter of 2021, amid an uptick in coronavirus cases in key markets that threaten hopes of a recovery. AirAsia Group carriers reported a significant decline in passenger...

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Air Tractor, L3Harris launch AT-802U Sky Warden light attack aircraft

Air Tractor has teamed with L3Harris Technologies to produce the AT-802U Sky Warden, a new variant of its light attack aircraft. Air Tractor has teamed with L3Harris Technologies on the AT-802U Sky Warden, a new variant of its light attack...

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Taiwanese carriers in the red for first quarter

Taiwan’s two main carriers — China Airlines and EVA Air — were both loss-making in their first quarter earnings as revenue took a hit.  Taiwan’s two main carriers — China Airlines and EVA Air — were both loss-making in their...

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Leonardo nets ‘major export order’ for M-346 trainer

Leonardo appears to have secured a new order for its M-346 advanced jet trainer on top of a likely commitment from Elbit Systems for the type. Leonardo appears to have secured a new order for its M-346 advanced jet trainer...

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