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Ryanair has reported a 21% year-on-year drop in post-tax profit at €243 million (US$270.36 million) for the three-month period up to June 30. While the carrier is not adjusting its end-of-year profit forecast of between €750 million and €950 million (US$832 million and US$1054 million), fares have fallen by 6% when compared to the same period last year and is a trend Ryanair believes will be ongoing for the rest of the summer, a period when the carrier is usually most profitable.
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The drop in fare prices has been put down to a combination of reduced pre-Brexit spending by UK residents and market competition, especially in Germany. “We are cautious on pricing into the winter,” Chief Executive Michael O’Leary told analysts in a conference call, according to Reuters news agency. “Brexit and the risk of a hard Brexit has materially increased with the new government. O’Leary admitted to having concerns over further delays in the return to service of the 737MAX which remains grounded.
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The low-cost carrier has halved anticipated passenger growth for the year to five million on the grounds that at best it will have only 30 of an anticipated 58 operational 737 MAXs next summer. Despite Boeing Chief Executive Dennis Muilenburg stating last Wednesday that he was confident the 737 MAX would be back in the air by October, O’Leary commented that the number of these jets in service with Ryanair “could move to 10 and it could move to zero if Boeing don’t get their shit together pretty quickly with the regulator.” Despite these problems, O’Leary remains bullish that Ryanair passengers will have no problems flying onboard the troubled aircraft.
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Vortex Aviation announced receipt of its ISO 9001:2015 and AS9110C certificate at its Fort Lauderdale, Florida location. The assessment was performed in accordance with the Aerospace Quality Management System (AQMS) Standard AS9104/1:2012A as part of Vortex’s initiative to provide superior quality and customer service. This certification demonstrates a systemic approach to continuous internal review of our business processes with periodic third party validation.
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Vortex has established a strategy to obtain ISO certification at all of its locations around the world.
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Singapore low-cost airline Scoot has announced the introduction of 16 brand-new A321neo aircraft, to arrive progressively from the last quarter of 2020. The new fleet will enable Scoot to meet its double-digit growth plan by the end of financial year 2020/2021.
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AAR, a leading provider of aviation services to commercial airlines and governments worldwide, has joined the Aviation Institute of Maintenance (AIM) and the City of Norfolk to announce AIM as the newest AAR EAGLE Career Pathway partner at the college’s main campus in Norfolk on July 25.
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Beginning this fall, AIM students around the country will have the opportunity to receive onsite job training and mentorship at AAR’s maintenance, repair and overhaul (MRO) hangars and graduate with employment and reimbursable advanced certification opportunities.
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With 12 campuses in 10 states and fast-growing enrollment, AIM is the largest producer of new aviation maintenance technicians (AMTs) in the aviation industry. AAR’s EAGLE Career Pathway initiative adds a new internship component to AIM’s 23-month AMT program. In the program, students complete a site visit at one of AAR’s U.S. MRO facilities based in Indianapolis, Oklahoma City, Miami, Duluth and Rockford for initial onsite mentoring. During their winter and spring vacations, the students then return to the site for an AMT internship with the AAR team.
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The students who graduate from the AIM and EAGLE Pathway programs will be extended job offers to join AAR as an entry-level AMT. They also have the option to continue the EAGLE Pathway program to obtain an Airframe and Powerplant (A&P) certificate or pursue another of AAR’s career pathways, including maintenance operations, management, quality control and safety, which will be eligible for tuition reimbursement from the company upon completion.
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AIM is the sixth academic institution to join the EAGLE Pathway program.
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Croatia Airlines has extended two long-standing contracts with Lufthansa Technik. The extended agreements cover the Airbus A320-family fleet of the state-owned airline of Croatia, which is currently operating six aircraft of this type. An existing Total Component Support (TCS®) contract was extended by seven years. At the same time, the contract covering auxiliary power unit (APU) services was extended by five years. Croatia Airlines will also become a user of Lufthansa Technik's digital platform AVIATAR.
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Lufthansa Technik has been a maintenance partner to Croatia Airlines since 1992, when the MRO provider started to support the Boeing 737 fleet of Croatia Airlines with an integrated Total Technical Support (TTS®) contract. In 1997, when Croatia Airlines' included its first Airbus A320 in its fleet, Lufthansa Technik was also chosen as a provider of TTS®. In addition, Croatia Airlines' Bombardier Q400 turboprops have been under a Total Component Support (TCS®) since 2008.
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Ireland’s national carrier Aer Lingus has taken delivery of its first of eight A321LR aircraft, becoming the first airline in International Airlines Group (IAG) to operate the type. The aircraft on lease from Air Lease Corporation is powered by CFM International LEAP-1A engines and configured in a two-class layout with 16 business and 168 economy seats.
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The Dublin-based carrier will deploy the aircraft on transatlantic routes to the U.S. East Coast.
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Aer Lingus currently operates a total of 50 Airbus aircraft, including 13 A330s and 37 A320 Family aircraft. The A321LR and the A330 combined within the same fleet is a powerful lever to cover the needs of the medium to long haul markets.
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Munich Airport and Meridiam, jointly with STRABAG (the Group), have been awarded with the Sofia Airport Concession by decision of the Minister of Transport, Information Technology and Communications. As of July 29, the project has now entered a new phase and the Group is actively working and fully mobilized for the future of Sofia Airport, in a long-term partnership with the Ministry of Transport.
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This follows a tender process which had attracted the interest of some of the best airport operators globally, and conducted by the Bulgarian Government with the support of the IFC (World Bank) and the EBRD in line with international and industry standards. As is common in this type of tender process, the Commission for Protection of Competition will now proceed with its review.
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The Group is working closely with all stakeholders to implement its development plan to further enhance the attractivity of the airport and the economy.
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British Airways’ first Airbus 350, registration G-XWBA, touched down at London Heathrow last weekend, featuring the airline’s newest generation business class seat, Club Suite. The airline will take delivery of 18 A350s, with four of the new aircraft joining the fleet before the end of the year.
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The newly-branded 'Club Suite' offers direct-aisle access, a suite door for greater privacy and luxurious flat-bed seats in a 1-2-1 configuration. Boasting 40% more storage, including a vanity unit and mirror, WiFi, enviable 18.5-inch inflight entertainment screens, high definition gate-to-gate programming, and PC / USB power; every aspect of British Airways' Club Suite has been designed for today's customer.
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The newly-branded 'Club Suite' offers direct-aisle access, a suite door for greater privacy and luxurious flat-bed seats in a 1-2-1 configuration. Boasting 40 per cent more storage, including a vanity unit and mirror, WiFi, enviable 18.5-inch inflight entertainment screens, high definition gate-to-gate programming, and PC / USB power; every aspect of British Airways' Club Suite has been designed for today's customer.
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As well as a new 56-seat Club World cabin, the three-cabin A350 features the latest World Traveller Plus cabin (56 seats) with new furnishings including a plush new pillow and warm quilt, new amenity kits and an enhanced service and an improved dining experience. The World Traveller (economy) cabin offers 219 seats. Customers will also benefit from high-speed WiFi, allowing
travellers to browse the internet on their personal electronic devices.
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