SQUAWK

Profitability will return with business and long-haul travel: United’s Kirby

United Airlines’ chief executive Scott Kirby says that the carrier will not turn a profit until business travellers and long-haul international travellers return in greater numbers. United Airlines’ chief executive Scott Kirby says the carrier will not turn a profit...

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Cargo proves strong as Icelandair awaits passenger traffic recovery

Icelandair Group has highlighted cargo activity as a strong performance area in the first quarter, a period in which the company generated a net loss of just over $30 million. Revenues for the first three months of the year reached...

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Gol sees bookings rise as Covid cases recede

Brazilian airline Gol expects sales to pick up as the second wave of the coronavirus recedes in that Latin American country, and potential customers begin to once again make travel plans. Brazilian airline Gol expects sales to pick up as...

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Norwegian aims to fly 50 aircraft this year, once restrictions lift

Restructuring low-cost carrier Norwegian plans to ramp-up its operations to a peak of 50 short-haul aircraft this year once travel restrictions are lifted and to reach 70 aircraft next year. Restructured low-cost carrier Norwegian plans to increase its fleet to...

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KLM aims to complete 737-800 cabin upgrades by March 2022

Dutch carrier KLM has debuted a cabin upgrade for the first of 14 Boeing 737-800, a fleet revamp it aims to complete by March next year. Dutch carrier KLM has debuted a cabin upgrade for the first of 14 Boeing 737-800s, part...

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Lufthansa reducing cash outflow as it looks to possible capital increase

Lufthansa Group has repaid about half the €2.3 billion ($2.8 billion) it drew through German stabilisation measures and is seeking shareholder authority for another possible capital increase. “The timing and amount of a possible capital increase have not yet been...

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Transat secures C$700m in government aid

Transat, the parent company of Canadian leisure carrier Air Transat, has reached a deal to borrow up to C$700 million ($569 million) from the Canadian government. Transat, the parent company of Canadian leisure carrier Air Transat, has reached a deal...

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Embraer delays E175-E2 service entry one year

Embraer has delayed the E175-E2’s service entry by one year, until 2024, saying it is continuing certification work on the regional jet, but on a revised timeline. Embraer has delayed the E175-E2’s service entry by one year, until 2024, saying...

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Embraer narrows Q1 loss, takes order for 30 E-Jets

Brazilian airframer Embraer says it is confident of the company’s post-coronavirus future after posting higher sales and a smaller loss for the first quarter of the year. Brazilian airframer Embraer is confident about it’s post-coronavirus future after sales jumped and...

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Norway readies for arrival of 12th NH90

Norway has resumed acceptance activities related to the NH Industries (NHI) NH90 as it readies to take delivery of its 12th example later this year. Norway has resumed acceptance activities related to the NH Industries (NHI) NH90, as it readies to...

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