Canada’s Cargojet Is Confident Pandemic Success Was No Anomaly

Cargojet, which calls itself “Canada’s cargo airline,” gave a bullish assessment of its future earnings prospects, even amid major post-pandemic economic and competitive changes. The company hosted its first-ever investor day event on September 27, insisting that the boom it...

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Aegean Airlines Buoyed by Greece’s Strong Travel Recovery

“A lot closer to normality," is how Aegean Airlines Chairman Eftichios Vassilakis described the June quarter for the airline, both in terms of demand and financials. Aegean reported Friday an $11 million net profit for the April-to-June period, driven by...

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Global Airline Recovery Gets Lift From Pickup in China’s Domestic Traffic

The recovery in global airline traffic continues, boosted most recently by improved trends within China. That’s the chief takeaway from the latest monthly traffic dat for July — published on Wednesday by the International Air Transport Association (IATA). Globally, passenger...

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Ryanair Expands Lead as UK’s Largest Airline as Competitors Pull Back

Ryanair is adding more than a million additional seats to its UK schedule this winter. A move it trumpeted as a relief to travelers in the wake of capacity cuts by other airlines, most importantly British Airways. The additional seats,...

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Vienna Airport Rebounds, Without Europe’s Travel Chaos

Europe’s airports are finally enjoying a demand recovery, and Vienna’s airport is no exception. On Thursday, the airport’s parent Flughafen Wien reported results for the first half of 2022 that showed a return to profitability, boosted by a strong recovery...

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Airlines That Hedged on Fuel Prices Emerged Winners in Second Quarter

Demand for air travel hit pandemic highs — and in some places historic highs — during the second quarter. Airlines reported record revenues and full planes as issues from staffing to weather and an elevated number of employees out sick...

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El Al Could Expand to India, Southeast Asia With Saudi Airspace Opening

After two pandemic-stricken years defined by new travel restrictions and reduced mobility for airlines, at least one region — the Middle East — is moving in the opposite direction. Saudi Arabia, in conjunction with a visit by U.S. President Joe...

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Hong Kong Airport’s Third Runway Risks White Elephant Status

After a decade-plus of planning and building, Hong Kong International Airport has a new runway. It opened for commercial use July 8, starting with the arrival of a Cathay Pacific cargo flight from Shanghai. “The commencement of the third runway...

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