Airlines use hedging, fuel surcharges to offset some pain as oil surges
The price of oil has surged to its highest level since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when...
airlines
Commission approves €6.13m Cypriot incentive scheme for airlines affected by pandemic
The European Commission has approved a €6.13 million Cypriot incentive scheme geared to support airlines affected by the coronavirus pandemic, having found it to be...
Wizz Air warns of more losses before recovery takes off
Budget airline Wizz Air (WIZZ.L) warned its fourth-quarter loss would likely top the 213.6 million euros ($241.2 million) third-quarter hit reported on Wednesday, before an...
TUS doubles number of Paphos-Athens flights
TUS Airways has decided to expand and increase the number of flights from Paphos to Athens, the transport ministry said on Tuesday welcoming this move...
Cabinet extends airline incentive plan
The cabinet on Tuesday extended an incentive scheme for airlines aimed at addressing the effects of the pandemic on the island’s air links. Transport Minister...
Airbus lands Air France-KLM jet order, capping trio of deals
Airbus (AIR.PA) completed a triple crown of aircraft orders at the expense of rival Boeing (BA.N) on Thursday with a deal to supply 100 narrowbody...
Qantas to switch domestic fleet to Airbus in blow to Boeing
Australia’s Qantas Airways Ltd (QAN.AX) said on Thursday it has chosen Airbus SE (AIR.PA) as the preferred supplier to replace its domestic fleet, switching from...
Transport ministry says flight incentives proved a success
The ministry of transport on Wednesday said a programme to offer incentives to passenger airlines was a success as Cyprus showed one of the smallest...
New Saudi airline plan takes aim at Emirates, Qatar Airways
Saudi Arabia plans to target international transit passenger traffic with its new national airline, going head-to-head with Gulf giants Emirates and Qatar Airways and opening...
Cabinet extends airline incentive plan
The cabinet on Wednesday approved the extension of the incentive plan to airlines to address the consequences of the pandemic amounting to €8.8 million for...
