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Jan 19, 2015

Oil price fall gives lease of life to old planes

DUBLIN, Jan 19 (Reuters) – The slump in oil prices has given
a new lease of life to passenger jets that until recently were
destined for the scrap yard, aircraft financiers said on Monday.

Aircraft such as the four-engined Airbus A340 or earlier
models of the Boeing 747 which have been sentenced to desert
storage or to be dismantled, are winning a stay of execution
because lower oil prices make them economic for some carriers.

Jan 14, 2015

Airlines prepare to hedge more jet fuel to lock in huge savings

SINGAPORE/BERLIN (Reuters) – Global airlines, looking to lock in huge savings, are preparing to hedge more jet fuel to fix prices as they bet a slide in crude oil to six-year lows may peter out near $40 a barrel.

Some airlines have already stepped up hedging, especially after benchmark Brent crude slipped below $50 a barrel earlier this month, fuel traders and brokers said.

Jan 12, 2015

Lufthansa sees 2015 fuel bill down 13 percent, shares rise

BERLIN, Jan 12 (Reuters) – German airline Lufthansa
expects its fuel bill to fall by 13 percent in 2015
because of lower oil prices, setting it on course for higher
profit this year and boosting its shares.

Airlines hedge jet fuel purchases as a way to give them
greater control over spending on an item that typically accounts
for around a third of their cost base, meaning it takes time for
them to gain the benefits of the 50 percent plunge in oil prices
since last June.

Dec 14, 2014

Commercial aviation’s tragic centenary year highlights new threats

GENEVA (Reuters) – Airlines need co-operation from governments to address security threats raised by aviation disasters this year, but would like to see a quicker relaxation of economic controls, Tony Tyler, head of the International Air Transport Association, said.

The former Cathay Pacific boss, who represents a majority of the world’s airlines, reflected on a turbulent centenary year for commercial aviation, darkened by the disappearance of a Malaysian airliner, the downing of another and the Ebola crisis.

Dec 12, 2014

EU may scrap plans for more competition in airport ground handling

BRUSSELS/BERLIN (Reuters) – The new European Commission may scrap plans to open up airport ground handling services to more competition amid criticism from airports, which say such a move could hit the quality of services.

The reform would give airlines more choice of service providers and increase the minimum number of providers at large airports.

Dec 11, 2014

Airbus management seek to halt share price slide

BERLIN/PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) sought to reassure investors on Thursday by promising profit growth beyond 2017 and healthy dividends after its shares continued a slide begun on Wednesday when it warned of flat 2016 earnings.

Investors also worried about a cut in production rates for the A330 as Airbus moves to a newer version of the wide-bodied plane, dubbed the A330neo, and as it ramps up production of its new A350.

Dec 10, 2014

Airbus shares slide 10 pct after 2016 profit warning

BERLIN/GENEVA (Reuters) – Airbus (AIR.PA: Quote, Profile, Research) shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results that year.

The world’s second-largest planemaker after Boeing (BA.N: Quote, Profile, Research) was also forced to call off a ceremony planned for Saturday to deliver its new A350 jetliner to Qatar Airways after the Gulf airline said it was delaying the handover indefinitely.

Dec 10, 2014

Airbus shares slump after 2016 profit warning

BERLIN/GENEVA, Dec 10 (Reuters) – Shares in Airbus
suffered their worst drubbing in more than six years on
Wednesday after the planemaker predicted flat profits in 2016, a
year in which investors had expected it to start feeling the
benefit of new and recently upgraded models.

The world’s second-largest planemaker after Boeing
was also forced to scrap a ceremony to mark the first delivery
of its new A350 jetliner to Qatar Airways on Saturday, after the
Gulf airline said it was delaying the handover indefinitely.

Dec 9, 2014

Auditor says Kabel Deutschland worth more than Vodafone offer

FRANKFURT, Dec 9 (Reuters) – An auditor’s report concluded
Kabel Deutschland was worth almost a quarter more
than what Britain’s Vodafone offered for the rump of the
company, potentially helping hedge fund Elliott argue its case
for a higher price for its stake.

Having secured a stake of more than three quarters in Kabel
Deutschland, Vodafone about a year ago offered 84.53 euros per
share ($104) in cash to remaining shareholders as part of a
so-called domination agreement.

Dec 4, 2014

Cyber attacks, drones increase threats to plane safety: insurer

FRANKFURT/BERLIN (Reuters) – Cyber attacks and commercial drones pose a growing risk of commercial aeroplane crashes, a major insurer said, running counter to a long-term decline in fatal accidents and insurance premiums.

Technical advances in aircraft design and navigation systems have reduced the chance of dying in a plane crash, but the reliance on computers poses new types of risks.

    • About Victoria

      "Based in Frankfurt, covering German companies in the retail, travel and leisure sectors. In my previous Reuters incarnation in London, I focused on green tech firms, utilities and an array of smallcaps that came my way on the Breaking News team. I started my career as a translator with the Financial Times in London before switching into journalism."
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