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Apr 30, 2015

British Airways, Air France face heat from stronger dollar

LONDON/BERLIN, April 30 (Reuters) – British Airways-owner
IAG swung to a profit for the first time in its
seasonally weakest first quarter, but warned a stronger dollar
would hold it back this quarter, echoing a warning from rival
Air France-KLM.

Both airlines saw lower fuel bills, but Air France said
pressure on ticket prices and the firmer dollar would offset any
benefits over the whole of 2015, while IAG said its rate of
profit improvement would slow in the current quarter.

Apr 30, 2015

Airbus keeps targets, considers buyback as jet programmes on track

PARIS/BERLIN (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research) said it would make a decision in the autumn on a share buyback programme after reporting its main commercial jet programmes were on track and confirming its full-year guidance on Thursday.

Europe’s largest aerospace group said it was pushing ahead with a production increase for its new A350 jet and that its revamped A320neo remained on schedule. The A380 superjumbo will break even as planned this year, it said in a statement, as it posted in-line first quarter results.

Apr 30, 2015

Airbus keeps targets as jet programs on track

PARIS/BERLIN (Reuters) – Airbus Group said its main commercial jet programs were on track and confirmed its full-year guidance on Thursday despite a dip in underlying first-quarter profit.

Europe’s largest aerospace group said it was pushing ahead with a production increase for its new A350 jet and that its revamped A320neo remained on schedule. The A380 superjumbo will break even as planned this year, it said in a statement.

Apr 30, 2015

Air France-KLM narrows first-quarter operating loss

BERLIN (Reuters) – Air France-KLM (AIRF.PA: Quote, Profile, Research) said pressure on ticket prices and negative currency effects would offset virtually all the benefits of lower fuel prices this year after it reported a narrower first-quarter operating loss.

Like Lufthansa (LHAG.DE: Quote, Profile, Research), Air France-KLM is battling with unions to cut costs amid tough price competition in Europe and is cutting back on investments to bolster its finances.

Apr 30, 2015

Air France-KLM narrows Q1 operating loss

BERLIN, April 30 (Reuters) – Air France-KLM said
pressure on ticket prices and negative currency effects would
offset virtually all the benefits of lower fuel prices this year
after it reported a narrower first-quarter operating loss.

Like Lufthansa, Air France-KLM is battling with
unions to cut costs amid tough price competition in Europe and
is cutting back on investments to bolster its finances.

Apr 16, 2015

Airline seat squeeze raises health and safety concerns

BERLIN (Reuters) – Airlines are packing ever more seats into economy class to protect profit margins from falling ticket prices, prompting concerns over health and safety from travelers and crew.

Slim-line designs, extra emergency exits and creative placing of galleys and toilets are all playing their part in the great seat squeeze, say industry watchers.

Apr 15, 2015

Panasonic eyes doubling of airline Wi-Fi installation to meet demand

HAMBURG (Reuters) – Panasonic Avionics says it will need to double the rate at which it installs Wi-Fi systems on aircraft to catch up with skyrocketing demand from airlines to keep passengers connected above the clouds.

Airlines are rushing to install Wi-Fi on board, seeing not only an opportunity to meet demands from customers to be always connected, but also to make the most of advertising contracts from companies keen on access to this captive audience.

Apr 8, 2015

Airbus eyes new seat choices as economy traffic booms

PARIS/BERLIN (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) plans to offer airlines more choice in the way they configure their planes, and sees carriers opting for different levels of comfort within their economy cabins, a senior Airbus executive said on Wednesday.

It also plans to redefine the capacity of its wide-body jets to add premium economy to the traditional economy and business classes to recognize market trends, Chris Emerson, head of marketing at Airbus, said in a telephone interview.

Apr 5, 2015

German aviation watchdog did not know crash pilot’s medical history

BERLIN, April 5 (Reuters) – The German aviation authority
did not know about co-pilot Andreas Lubitz’s medical background
prior to the Germanwings crash that killed 150 people, it told
Reuters on Sunday, raising more questions over medical oversight
of pilots.

Lubitz, believed to have deliberately steered the plane into
a mountain in the French Alps, broke off his pilot training for
several months in 2009 and upon restarting informed the
Lufthansa pilot training school by email he had
overcome a period of severe depression.

Apr 2, 2015

Germanwings crash another burden in Lufthansa’s financial battle

BERLIN (Reuters) – Lufthansa’s Germanwings crash intensifies the airline’s battle to keep up with rivals and find the money to invest in its planes, but is unlikely to bring about its demise in the way that Lockerbie did for Pan Am.

Lufthansa is fighting stiff competition from low cost and Middle Eastern airlines that have eaten away at its market share both in Europe and on long-haul flights. The airline is trying to cut costs to offer lower ticket prices without sacrificing profits, but that has prompted its pilots to go on strike.

    • 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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