Air cargo demand up 8.3 percent in November 2023, says IATA
GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the...
Business
Business
GCC airfares soar as oil prices rise
The amplifying factors include sanctions against Russia’s aviation sector, which cast a global pall over the aviation industry.
- Several Arab airlines have decided to raise the prices of their tickets slightly
- Kuwait’s Jazeera Airways increased fares to all destinations from March 7
Business
Emirates to launch daily flights to Israel from June 23
Emirates will offer multiple daily and weekly flights throughout Australia, India, Philippines, Thailand and South Africa, many of which are...
- Emirates will operate its three-class Boeing 777-300ER on the route, featuring eight private suites in First Class.
- The new service to Tel Aviv will also provide 20 tonnes of cargo capacity on each flight, providing channels for Israeli businesses.
Business
Qatar signs air services agreement with Jordan
The agreement is said to have been formally signed in Qatar’s capital city Doha.
- The Acting Chairman of Qatar’s General Authority of Civil Aviation, Mohammed Al-Hajri, inked the deal for his country
- Jordan’s Civil Aviation Regulatory Commission CEO Haitham Misto signed the agreement on behalf of his country
Business
Airlines want end to Covid restrictions for EU flights
Most countries in the EU are beginning to relax requirements to present proof of vaccination and wear masks.
- ACI Europe represents some 500 airports in the region plus IATA, which is the top trade association for airlines
- It noted that numerous countries were now dropping requirements to wear masks or present proof of vaccination
Geostrategy
Israel gives financial guarantees for its flights to Russia
Israel was poised Tuesday to extend financial guarantees for its airlines to fly into Russia, raising criticism in Kyiv as...
- The $2 billion guarantee had been set to expire on March 9
- A misunderstanding over Israel's continued flights into Russia caused a diplomatic flap
Business
Lufthansa posts net loss of $2.2bn
The German carrier said it cut its losses by two-thirds in 2021.
- German airline Lufthansa said that Ukraine invasion has led to uncertainty in aviation sector
- It said rising price of fuel would also adversely impact the sector and could reduce the profit
Business
Qatar Airways hits out at Airbus as new jet grounded in paint dispute
Qatar Airways has secured an injunction preventing Airbus from cancelling deals for other jets as the two are involved in...
- The airline has now grounded 22 of its 53 A350 jets since November 2020, and said it will move ahead with legal action.
- In retaliation, Airbus has in turn sought to cancel orders made by Qatar Airways for two other A350 jets and 50 A321neo planes.
Analysis
GCC turbulence mires Airbus rise
Airbus has been mired in controversy despite its best efforts to increase its customer base, across the world in general...
- Qatar Airways and Airbus have tussled for months over the deterioration of aircraft paint and lightning protection
- Kuwait plans to announce an agreement to restructure the national airline fleet of Airbus aircraft
Economy
QAIA saw passenger traffic grow 161% in January
Passenger and aircraft movement and air cargo traffic at QAIA remained far lower than pre-pandemic levels.
- Aircraft movements grew to 4,630 in January, 127.2 percent up from the same period last year
- Air freight traffic also reached 4,048 tons in January, 13.6 percent up from the same period in 2021
Iranian jet fighter crashes, three killed, reports state TV
Jet fighter crashed in a residential area of the northwestern city of Tabriz.
- Jet fighter crashed in a residential area of the northwestern city of Tabriz
- The head of the local Red Crescent said the jet smashed into a school
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easyJet H1 loss $382m
Business
One pilot dead in helicopter crash off Dubai coast, another missing
The pilots of Bell 212 helicopter -- an Egyptian and a South African -- had been on a training flight...
Geostrategy
Abu Dhabi to unveil one of world’s biggest airport terminal
Dubai, UAE - An airport terminal able to handle up to 45 million passengers a year will open in Abu Dhabi...
Business
Kuwait Airport expects 13% rise in passenger numbers, says DGCA
KUWAIT CITY, KUWAIT - Kuwait's Director General of Civil Aviation (DGCA) expected that the total passenger traffic to and from...
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Business
Air Arabia Q2 profit $125m
The company’s turnover during the second quarter was $380m.
- The profit increased by 187 percent compared to AED160 million ($43.56m) net profit reported for the same period last year.
- The company’s turnover for the same period increased by 25 percent, as the strong demand for air travel continued.
Business
Saudia raises seat capacity by 10%
The number of domestic, international flights will rise.
- This would be a 10 percent increase in the number of seats on a year-on-year (YoY) basis, the airlines said in a statement.
- Saudi Arabian Airlines said that more than 4.2 million seats would be added to international flights.
Business
Airlines face trouble in Europe over greenwashing charges
PARIS, FRANCE - European airlines have been hit by a consumer complaint filed with the EU's executive arm accusing the 17...
- The European Consumer Organization, or BEUC, said the claims made by the airlines breach EU rules on unfair commercial practices.
- The BEUC called for a Europe-wide investigation and for airlines to "stop making claims that give consumers the impression that flying is sustainable".