News
EasyJet reported Q3 headline profit before tax of £85mn, down 70% year-on-year, as fuel costs rose £105mn. Holidays contributed £84mn of the total, ancillary revenue per seat rose 14% and cash stood at £3.6bn.
News
AirBaltic bondholders approved debt restructuring on 17 August 2026, capitalising two interest payments as the carrier pursues a €325mn recapitalisation and cuts its fleet from 54 to 36 aircraft. The Pratt and Whitney GTF crisis is the root cause.
News
Global airline passenger demand fell 1.7% year-on-year in June 2026, the second consecutive monthly decline. Middle Eastern carriers posted a 14% drop. European load factors hit 87.1%. Cargo rose 8.5% as the passenger-cargo divergence widened.
Analysis
Boeing completed MAX 7 and MAX 10 flight testing on 28 July. Development assurance reviews and system safety assessments still outstanding. A Pro analysis of what remains, what it means for the certification timeline and what it implies for the 777X queue at the FAA.
News
The DOT issued a final rule on 1 July 2026 rolling back the requirement for airlines to disclose bag fees at the point of fare search. A Pro analysis of who benefits, the US-EU split and what the further proposed change could mean.
News
Korean Air posted record Q2 revenue of $3.26bn, up 26%, while swinging to a net loss of $63.2mn as fuel costs nearly doubled. Cargo surged 46% on AI and K-beauty demand; passenger revenue rose 19% on transit growth through Incheon.
News
Norwegian posted a $61.7mn operating loss in Q2 2026, swinging from a $128.5mn profit a year earlier. Fuel costs rose 33% and a Supreme Court ruling on 2020 EU ETS obligations triggered a one-off $75.3mn charge.
News
Apollo Global Management has outbid Castlelake for easyJet with a £7.15 ($9.61) per share offer valuing the airline at £5.7bn ($7.7bn). The easyJet board switched its recommendation on 10 July and is no longer minded to recommend the Castlelake proposal.
News
Anko van der Werff will leave SAS at the start of 2027 to become Air Canada's next chief executive, replacing Michael Rousseau, whose retirement follows a French-language controversy. The departure leaves SAS mid-fleet order and mid-ownership transition.
News
Mount Etna's eruption has kept Catania Airport closed for a third consecutive day, cancelling approximately 130 flights and diverting 50 more to Palermo. Ryanair, easyJet, British Airways, Wizz Air and ITA Airways are among the carriers affected.
News
EasyJet's board agreed in principle on 5 July to Castlelake's fifth takeover bid at $9.20 (£6.90) per share, valuing the airline at $6.9bn (£5.2bn). A formal offer is due by 3 August. Bernstein expects a break-up and sale of assets to European network carriers.
News
SAS has placed the largest order in its history, committing to up to 40 Airbus A330 widebody aircraft in a $10bn deal signed 30 June 2026. The order follows the carrier's emergence from Chapter 11 bankruptcy two years ago.