CEO Geir Karlsen, in the group's 1Q2024 results press conference, stated (25-Apr-2024) issues with GTF engines impacting some A320neos will take capacity out of the market for at least one year. Mr Karlsen said: "There will be a capacity constraint for a while", however noted: "It is not all bad in reality, as it just means there will be less capacity flowing into the market, which will support the performance on yields, that we are currently seeing ..read more

reported (25-Apr-2024) "current booking trends remain encouraging with many customers now booking their summer holidays and business travellers placing high value on 's strong operating performance". The carrier noted: "Air travel remains a key priority among 's customers". The duration of the booking curve has improved compared to the two previous years, giving the company more visibility on bookings ..read more

CEO Geir Karlsen, in the group's 1Q2024 results press conference, stated (25-Apr-2024) aircraft delivery delays are an issue, and "going forward we are concerned over deliveries from ". Mr Karlsen added: "The good thing is that we have a fleet that is leased and we have redeliveries over the next years, that we can extend". Mr Karlsen continued: "This is something we will absolutely continue to do over the next 2/3 years", as he believes "it will be at least two years until we see the production level at at the level they want it to be ..read more

announced (25-Apr-2024) the carrier plans to suspend operations at on 04-Aug-2024. The carrier also plans to reduce capacity at stated: "To improve our financial performance, we have intensified our network optimization efforts to address underperforming markets". [ more - original PR - II ..read more

reported (25-Apr-2024) the carrier is implementing cost control initiatives, including limiting hiring and offering voluntary time off programmes in 2024. As a result, now expects to end 2024 with approximately 2000 fewer employees compared to the end of 2023 ..read more

announced (25-Apr-2024) the award of USD76.1 million for 45 airport related infrastructure projects across 22 states under the FY2024 Airport Infrastructure Grants programme. Recipients include: Las Vegas Harry Reid International Airport : USD27.8 million for installation of runway edge drains and apron reconstruction works; t: USD8.3 million for runway rehabilitation works; : USD8.1 million for the design phase of a terminal building expansion project and terminal rehabilitation works; : USD6.4 million for rehabilitation of a terminal building to accommodate a 14,000sqft federal inspection se ..read more

placed (25-Apr-2024) a firm order for 30 -900s, to support its long haul international network expansion plans, with purchase rights for 70 additional family aircraft "for possible future needs under certain conditions". The aircraft will be powered by Trent XWB engines and deliveries are expected to commence in 2027. CEO Pieter Elbers said the order "marks a new chapter for and will further shape the future of the airline and for Indian aviation at the same time ..read more

announced (25-Apr-2024) it expects to expand operating margins, increase operational cash and further reduce net debt in FY2025. The forecast is based on improved operational metrics, current trading dynamics and continuing capacity constraints in the wider market. reiterated its expectation of roughly flat year-on-year capacity growth for H1FY2025 and full FY2025. It is trading positively into summer 2024 with selling load factors and pricing trending higher year-on-year in Q1FY2025 and Q2FY2025 ..read more

published (24-Apr-2024) a report by York Aviation, stating the LCC contributes GBP14 billion p/a in gross value added (GVA) to the economy and supports 98,000 jobs. CEO Michael O'Leary announced the following growth plan in the through to the end of the 2020s: Traffic to grow 22% to 65 million passengers by 2030; Over 1000 new jobs to be created for pilots, cabin crew and engineers by 2030; Opening of a new engineering training facility at MAX 10 aircraft, for a total of 135. Mr O'Leary added: "While halving [air passenger duty] on domestic flights from Apr-2023 allowed to add more domestic ro ..read more

delivered (11-Apr-2024) the first of nine new . CEO Leslie Thng stated is the first carrier in to take delivery of the aircraft, adding the E190-E2 is "crucial" to the LCC's overall network growth strategy. 's E-Jets E2 services are expected to commence in May-2024 ..read more