Airbus to hike maximum zero-fuel weight on A220
Airbus is planning a further performance tweak to the A220 family by increasing the maximum zero-fuel weight and maximum landing weight of the twinjet. A220 programme manager Florent Massou tells FlightGlobal that the change will be introduced as an option on both variants of the aircraft – the -100 and -300 – in 2022, subject […]
UK aviation industry promises to be carbon neutral by 2050
The UK aviation industry has pledged to cut carbon emissions to zero in the next 30 years. Aviation industry executives from airlines and airports will commit to cut carbon emissions from 30 million tonnes of CO2 to zero by 2050. It comes despite a projected 70 per cent growth in passenger numbers over the next […]
IAG invertirá 400 millones de dólares en combustibles sostenibles
El grupo aeronáutico anglo-español International Consolidated Airlines Group (IAG), que integra a Iberia, British Airways, Vueling y Aer Lingus, invertirá un total de 400 millones de dólares en el desarrollo de combustibles alternativos sostenibles durante los próximos 20 años. Prueba de ello es la iniciativa que va a llevar a cabo la compañía British Airways […]
IAG ups second-quarter profit despite surge in fuel costs
IAG boosted operating profit 6.7% to €960 million ($1.06 billion) in the second quarter ended 30 June, which the European airline group’s chief executive hails as «a good performance» achieved «despite fuel-cost headwinds». Unit fuel cost was up 12.4%, or 6.3% at constant currency. Passenger unit revenue rose 3.1%, or 1.1% at constant currency, «benefiting […]
Boeing to Expand Investment in Brazil’s Sustainable Aviation Fuel Industry
Boeing announced a USD 1 million investment in Brazil’s efforts to establish a sustainable aviation fuel industry. The investment will focus on initiatives that maximize social, economic and environmental benefits to local communities engaged in the development of feedstock that can be used to produce sustainable aviation fuel (SAF). In 2018, the company provided an […]
Higher fuel prices take bite out of 2018 airline profits
U.S. airlines made a net profit of $11.8 billion during 2018, Bureau of Transportation Statistics data shows. It is the sixth straight year of profit for the industry, but profits are down 23% from 2017, when U.S. airlines cumulatively reported net income of $15.3 billion. The 27.3% increase in the amount airlines paid per gallon […]
Aeromexico posts 2018 net loss on fuel costs, inflation
Grupo Aeromexico reported a net loss for 2018 of MXP1.9 billion ($98.6 million), reversed from a MXP18 million net income a year earlier. Headwinds faced by the Mexico City-based carrier in 2018 included a 35.6% year-over-year (YOY) increase in fuel costs and a 4.8% annual inflation rate. The airline’s full-year revenue rose 14.3% to MXP70.3 […]
Shell, SkyNRG begin providing biofuel at SFO
Fuel supplier Shell Aviation and biofuel distributor SkyNRG have begun providing sustainable aviation fuel to Finnair, KLM Royal Dutch Airlines and Scandinavian Airlines (SAS) at San Francisco International Airport (SFO) under a long-term collaboration agreement announced in May. The fuel is being provided by World Energy, formerly AltAir Fuels, from its Paramount refinery in Los […]
Brazilian airline Azul’s Q3 profit drops on oil prices, currency
Brazilian airline Azul SA posted on Thursady a 42 percent drop in third-quarter profit to 117 million reais ($31.32 million), due to higher fuel prices and a depreciating local currency. The results missed a Refinitiv IBES estimate that put Azul’s quarterly profit at $37 million. Azul’s revenue grew by 21 percent in the period. However, […]
Air Canada posts 3Q net income decline, revenue record
Air Canada reported an adjusted net income of C$516 million ($393 million) for the third quarter (3Q), down 39% from a restated adjusted net income of C$922 for the year-ago quarter. The Canadian flag carrier’s 3Q unadjusted net income was C$645 million, compared to $1.7 billion a year ago, when the airline received a net […]
