Tag Archives: London

Kuwait Airways is coming back to Munich after 17 years

Kuwait Airways (Kuwait City) is returning to Munich. According to Airline Route, the airline will restore the Kuwait City – Munich route (three flights a week) starting again on July 16.

Copyright Photo: Antony J. Best/AirlinersGallery.com. Airbus A340-300s will be operated on the restored route. Airbus A340-313 9K-ANA (msn 089) approaches the runway at London (Heathrow).

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Aer Lingus swings to the red for 2014

Aer Lingus (Dublin), adding to our previous story, reported a net loss of €95.8 million ($107.8 million) for 2014, reversing the €34.1 million ($38.3 million) net profit for 2013.

Christoph Mueller Aer Lingus’ CEO commented: “The year 2014 proved the strength of our “value carrier” business model across both our short and long haul businesses. We profitably expanded our long haul network utilizing our cost advantage and favorable geographic position and helped establish Dublin as the 7th largest European hub for trans-Atlantic connections. Our short haul business continued to demonstrate its resilience despite a highly competitive market. Commercial initiatives, in addition to cost control, led to the highest operating profit since the financial crisis and 17.8% above last year.

The focus on our business is unabated and in the coming months we will invest in our customer proposition and distribution model in addition to reducing costs. Now that the complex IASS pension funding issues have been addressed, we are re-launching our CORE program, starting with the introduction of a new voluntary severance scheme at the beginning of this year.

I am delighted to hand the reins to Stephen Kavanagh at the end of this week. I know that the entire Aer Lingus team has a lot of work planned for 2015 and I am confident that they will drive further improvements in profitability, customer satisfaction and employee engagement.”

International Consolidated Airlines Group, S.A. (IAG” offer update:

1. Board willing to recommend the financial terms of IAG’s offer to shareholders

2. Compelling strategic rationale and significant benefits for Aer Lingus, its current and future employees, its customers and for Ireland. The combination would:

A. Enhance Ireland’s position as a natural hub for Europe on the North Atlantic; Accelerate Aer Lingus’ transatlantic, long haul growth plans;

B. Grow employment;

C. Enhance short haul growth;

D. Strengthen Ireland’s connectivity; and Provide access to a global cargo network

3. Aer Lingus has confirmed IAG’s intentions to preserve Aer Lingus as a separate operating business within the group with its own brand, management, head office and operations

Colm Barrington, Aer Lingus Chairman, said: “Our performance in 2014 was strong, with significant growth in long haul and resilient short haul operations. To enhance these excellent results and to accelerate Aer Lingus’ growth, it is the Board’s strong belief that the company should now take the opportunity to combine with IAG. In this combination Aer Lingus will operate as a separate business while gaining access to IAG’s extensive network and benefiting from its scale. These significantly positive benefits will de-risk Aer Lingus’ future, strengthen its operations and enhance the future success of the company .”

The Irish government as we previously report, still has reservations about the sale of the flag carrier to IAG and has requested additional clarification.

Read the full report: CLICK HERE

Copyright Photo: SPA/AirlinersGallery.com. Airbus A319-111 EI-EPT (msn 3054) arrives in London (Heathrow).

Aer Lingus Aircraft slide show: AG Airline Slide Show

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Virgin Atlantic moves up the retirement date for the last Airbus A340-300 flight

Virgin Atlantic Airways (London) has moved up the planned date for the final revenue flight of the Airbus A340-300 according to Airline Route. The last flight is tentatively scheduled as flight VS 251 from Shanghai (Pudong) to London (Heathrow) on March 29.

Copyright Photo: Keith Burton/AirlinersGallery.com. Airbus A340-313 G-VELD (msn 214) departs from London (Heathrow).

Virgin Atlantic aircraft slide show: AG Airline Slide Show

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Air Malta to fly to Oran, Algeria this summer

Air Malta (Luqa), Malta’s National Airline, is planning to open up a new route to Oran, Algeria’s second largest city. The twice weekly frequency is expected to operate every Monday and Thursday from  July 20 to August 31.

Starting from its modest beginnings with 53,500 passengers transported in the first year of operation, Air Malta now carries an average of 1.8 million passengers every year and has, since its first flight operated on April 1, 1974, transported over 39 million passengers to and from Malta.

Copyright Photo: SPA/AirlinersGallery.com. Promoting the destination of Malta in its livery, Airbus A319-111 9H-AEL (msn 2332) climbs away from London’s Heathrow Airport.

Air Malta aircraft slide show: AG Airline Slide Show

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Tunisair files to serve Montreal

Tunisair (Tunis) is planning to add twice-weekly service between Tunis and Montreal (Trudeau) per Airline Route. The airline has filed the request with no date given for the start of services, pending approvals. The new route will be operated with Airbus A300s.

Copyright Photo: Antony J. Best/AirlinersGallery.com. Airbus A300B4-605R TS-IPA (msn 558)

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Finnair’s net loss grows in 2014

Finnair (Helsinki) reported a larger loss for 2014 than the previous year. The flag reported a widened net loss of €82.5 million ($93.9 million) for the year. This has grown from a previous net loss of €22.9 million ($26.1 million) for 2013.

CEO Pekka Vauramo commented:

“In 2014, we were successful in developing our operations and overhauling our cost structure, but due to a substantial decrease in revenue, our result showed a loss. Our revenue declined by 4.8 per cent and our operational result was -36.5 million euros. The decline in revenue was mainly attributable to a decrease in unit revenue in passenger and cargo traffic, the contraction of the sales of package tour operator Aurinkomatkat Suntours, and the loss of external revenue resulting from the restructuring of aviation services.

On a positive note, our unit revenue turned to growth in the fourth quarter for the first time since the first quarter of 2013. Moreover, the decrease in costs outpaced the decline in revenue in October–December. The fourth-quarter operational result improved year-on-year but nevertheless showed a loss of 9.3 million euros.

In order for Finnair’s profitability to improve, it is essential to increase unit revenue and continue to maintain tight costs control. I am pleased with the significant steps forward we took in 2014. We not only achieved our cost reduction target of 200 million euros, but exceeded it by approximately 17 million euros by the end of the year. The savings agreements we concluded with various employee groups will continue to provide us with important additional cost savings gradually, starting from the first quarter of 2015. I am particularly pleased that the outcome of the negotiations enables us to continue to develop our operations together with our employees. In this regard, we are well positioned to seek growth.

The year 2015 is a new beginning for Finnair: we will seek revenue growth through product upgrades introduced in recent months, as well as ancillary revenue, and we will be the first European airline to introduce to service the new Airbus A350 XWB aircraft in our long-haul traffic starting from October 2015.”

Read the full report: CLICK HERE

Copyright Photo: SPA/AirlinersGallery.com. Airbus A321-231 OH-LZF (msn 2208) arrives in London (Heathrow).

Finnair aircraft slide show: AG Airline Slide Show

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Luxair orders three more Bombardier Q400s

Luxair Société Luxembourgeoise de Navigation Aérienne S.A. (Luxair), the national airline of the Grand Duchy of Luxembourg, signed a firm purchase agreement for three Bombardier Q400 NextGen aircraft and options on an additional two Q400 NextGen aircraft.

Copyright Photo: Antony J. Best/AirlinersGallery.com.  Bombardier DHC-8-402 (marketed as the Q400) LX-LGC (msn 4162) approaches the runway at London Heathrow.

Luxair aircraft slide show: AG Airline Slide Show

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