Articles tagged “Middle East”
Asia-Pacific
What Do Airlines Face This Autumn?
How are airlines doing as the second-quarter earnings season wraps up? Generally good, but yield and cost concerns persist. Edward Russell and Jay Shabat discuss. Plus, Air Arabia's impressive results.August 18th, 2023 at 12:00 PM EDT
Middle East
Air Arabia Unveils World-Leading Second Quarter Profits
Most airlines have now reported their financial results for the second quarter, and none so far has performed better than Air Arabia. The low-cost carrier, based in the United Arab…August 16th, 2023 at 10:37 AM EDT
Middle East
Turkish Airlines Postpones Mega 600 Aircraft Order as Engine Issues Weigh
Turkish Airlines has put off a decision on its planned mega order for 600 new aircraft amid mounting engine production and quality issues on some of Airbus and Boeing's latest models.August 11th, 2023 at 1:29 PM EDT
Asia-Pacific
Australian Regulator Extends Approval of Qantas-Emirates Joint Venture
Late last week, Australia’s competition regulator proposed reauthorizing a joint venture between Qantas and Emirates for another five years. The partnership, first launched in 2013, allows the two airlines to…June 26th, 2023 at 2:36 PM EDT
Asia-Pacific
Takeaways From the IATA Annual Meeting
The mood in Istanbul at the IATA Annual General Meeting was definitely jubilant this year. Despite all the challenges airlines face — and, frankly, when do they not face challenges?…June 9th, 2023 at 2:53 PM EDT
Asia-Pacific
Airline Execs Dismiss Slowdown Fears, Say It is ‘Best Recession’ Industry Ever Faced
Business is good for airlines, except where it's not. That was the word in the halls and meeting rooms of the industry's largest annual gathering, the IATA Annual General Meeting,…June 8th, 2023 at 12:57 PM EDT
Asia-Pacific
Emirates President Says Airlines Must ‘Do Better’ to Develop Sustainable Fuels, Meet Climate Goals
Emirates President Tim Clark called for the airline industry to "do better" and put more money towards the development of sustainable aviation fuels as part of the global push to…June 7th, 2023 at 10:03 AM EDT
Europe
Turkish Airlines Maintains Bullish Growth Objectives Despite Aircraft Order Delay
A delay to the plan by Turkish Airlines to acquire 600 new aircraft has not dampened its ambitious growth objectives, including an intention to add numerous new destinations around the…June 6th, 2023 at 6:24 AM EDT
Europe
The Return of Icelandair
Icelandair had a rough few years before and during Covid. But the airline believes it has turned the financial corner, and forecasts its best results in seven years. Edward Russell…May 26th, 2023 at 11:45 AM EDT
Europe
Turkish Flips Pre-Pandemic Loss to Profit in First Quarter
Turkish Airlines was firing on all cylinders in the first quarter with strong results during a historically weak period.May 4th, 2023 at 3:22 PM EDT