Finance and economy
1,604 news found
AirlinesRyanair reports full year loss of EUR 815 million
As traffic falls 81% due to Covid-19 travel restrictions
Ryanair Holdings plc today (17 May) reported a full year loss of €815m (excl. hedge ineffectiveness), compared to a PY profit of €1,002m. Features of FY21 included:FY21 traffic fell 81% from 149m to 27.... more
Finance and economyFincantieri: BoD approves 1Q2021 results
Total backlog at Euro 34.4 billion -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by Giampiero Massolo, has examined and approved the interim financial information at March 31, 2021.Consolidated Q1 2021 results2021 guidance confirmed:... more
AirlinesIta, negotiations with EU are still stalled
Two weeks from Vestager appeal
When it's necessary thinking of a recurring word that accompanies the updates relating to the air carrier Ita (Italy air transport), “stall” immediately comes to mind. In fact, negotiations with the... more
AirportsAir taxi, Guardia di Finanza discovers one million euros not paid
265 companies did not pay dues in Cagliari
Today, Thursday May 13, 2021, the Guardia di Finanza of Cagliari has completed an important operation that has uncovered almost one million euros of unpaid taxes for what concerns the transport of passengers... more
AirlinesAlitalia, Brussels approves economic aid of 13 million euros
For the damage suffered after the pandemic
Brussels has officially approved the economic aid of our country towards the air carrier Alitalia in extraordinary administration as regards the compensation for the damages suffered due to the coronavirus... more
AirlinesIsrael launches economic aid plan for aircraft
For El Al Airlines and Israir
Israel has not forgotten the difficulties of its air transport. Despite the good data recorded by Tel Aviv's "Ben Gurion" airport, the Middle Eastern country still has to deal with the crisis in the... more
AirlinesIATA. "Irresponsible" rise in Spanish airport charges
It will damage economic recovery and jobs
The International Air Transport Association (IATA) warned that proposals by AENA to increase user charges at the 46 airports it operates across Spain could damage Spain’s economic and employment recovery f... more
AerospaceLeonardo BoD approved results of 1Q2021
Order intake of € 3.4 billion -ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved results of the first quarter 2021. The highlights: Results in line with... more
AirlinesAircraft. Dassault Aviation up on stock exchange after order with Egypt
30 Rafale fighters for the African nation
An important rise in the stock market that was easily predictable in light of the latest announcements. Dassault Aviation, a French aeronautical company that deals with the design and production of aircraft,... more
AirlinesAircraft. 90 new carriers will be born by the end of 2021
The latest updates on the industry
The air transport crisis is chronic due to the coronavirus pandemic, although there are still some encouraging signs. As reported in the last hours by the Spanish media, in fact, in this 2021 there were... more
AirlinesAircraft and carriers. Portugal becomes Iberia's plan B
In Summer, the focus will be short range
Even plans that may seem perfect must have a viable alternative. It is for this reason that the air carrier Iberia is carefully evaluating the proverbial "plan B". What is it specifically about? The Spanish... more
AirlinesWizz Air, Varadi attacks unions: "They are harmful to our profits"
Controversial CEO interview
If the intent was to "conquer" new enemies, the CEO of the low-cost airline Wizz Air, Joszef Varadi, has succeeded very well. Although the image of the company has not come out at all well from the latest... more
Civil aviationAirplanes and helicopters. Airbus reports 1Q 2021 results
125 commercial aircraft delivered in a market environment that remains uncertain
Airbus reported consolidated financial results for its First Quarter (Q1) ended 31 March 2021.The highlights are:125 commercial aircraft delivered in a market environment that remains uncertain Strong... more
AirlinesAircraft and airlines. Colombia opens an investigation against 26 carriers
About various contractual clauses
Colombia has decided to focus its attention on 26 air carriers of different nationalities for a very specific reason: the clauses included in the contracts by these companies have damaged the passengers.... more
AirlinesAircraft and carriers. Lufthansa gives in to pressure and saves Condor
The end of the agreement was recently announced
Rivals, but until a certain point: air carrier Lufthansa, already struggling with its financial problems, succumbed to pressure keeping Condor, a German leisure company alive. In recent months there was... more
Finance and economyAircraft. Saab’s results January-March 2021
Continued good order and sales growth -DATA SHEET
Saab presents the results for January-March 2021.Key highlights Q1 2021Order intake up 22%, strengthening position in strategic markets.Sales growth of 13%, supported by a solid order backlog and activity... more
AirlinesCJ EU: mere diversion of a flight to a close-by airport does not grant a right to flat-rate compensation
The carrier must offer the passenger to bear the cost of transfer either to the destination airport for which the booking was made
An Austrian Airlines passenger is seeking from that air carrier flat-rate compensation of € 250 for the diversion of his flight between Vienna and Berlin. While the flight was initially supposed to land i... more
AirportsThree new airports will be built in Tibet
Infrastructure investments in the region are increasing
In the autonomous region of Tibet, preparations are underway to increase infrastructural availability (read also the article published by AVIONEWS). The growing trend was also recorded in recent months,... more
AirportsPrimoco UAV will make a secondary share offering
The Czech company plans to raise up to CZK 170 million for further growth
Primoco UAV, the Czech manufacturer of unmanned aerial vehicles, has today launched a secondary share offering of a total of 655,300 new shares, which corresponds to more than 13% of the company's... more
AirlinesCarriers. Delta Air Lines announces March quarter 2021 financial results
Could be reached in 2021
Delta Air Lines reported yesterday financial results for the March quarter 2021 and provided its outlook for the June quarter 2021. March Quarter Financial Results Adjusted pre-tax loss of $2.9 billion ex... more
AirportsFrankfurt Airport, passengers down in March
The comparison on annual basis has been hard
In March 2021, passenger traffic at Frankfurt Airport (FRA) continued to be severely impacted by the Covid-19 pandemic. Serving 925,277 passengers in the reporting month, FRA posted a 56.4 percent decline... more
Civil aviationAircraft. Boeing forecasts sufficient capital for aviation finance
According to the Cafmo 2021, the first published since 2019
Boeing projects global and diversified funding will continue to flow into the aircraft financing sector as the aviation sector navigates the global pandemic and vaccine deployment continues to accelerate.The... more
AirlinesRyanair-Finnair. EU JC: Finland’s guarantee in favour of the airline Finnair is compatible with EU law
To help it obtain a loan of €600 million to cover its working capital requirements following the pandemic
The guarantee was necessary in order to remedy the serious disturbance in the Finnish economy in view of the importance of Finnair for that economy more
AirlinesIta, Brussels sends letter with 40 points to be clarified
EU and carrier are still in talks
The comparison between the European Union and the air carrier Ita (Italy air transport) does not seem to have an end. In the last few hours, the EU Commission sent a letter to the Newco, 8 pages with 16... more
Finance and economyFincantieri: shareholders' meeting approves 2020 financial statements
Closed with a profit of EUR 963,328.57
Fincantieri SpA held its ordinary Shareholders’ Meeting today in Trieste on a single call. In consideration of the COVID-19 health emergency and taking into account the regulatory provisions issued for... more
DefenseMBDA: innovation for growth
The industry showed strong resilience in 2020 despite the global pandemic
MBDA showed strong resilience in 2020 despite the global pandemic. Revenues were at €3.6 billion in 2020, with a 50:50 split across domestic and export customers. Order intake during 2020 was €3.3 bil... more
AirlinesAircraft and carriers. New State aid for Air France is getting closer
Brussels is considering selling of slots
State aid to air carriers has been a constant for some time now and with the crisis triggered by the coronavirus pandemic they have increased dramatically. A clear example of this is Air France, a company... more
AirportsChina. Shenzhen airport returns to pre-covid levels
The flow of passengers is increasing
Air transport at Shenzhen-Bao'an international airport in China is returning to levels that can be defined as normal. As reported by local media in recent hours, the Asian airport was affected by a... more
AirlinesNew measures for the restructuring of Austrian Airlines
Carrier aims to reduce its fleet
It's time for restructuring for Austrian Airlines. The Austrian company is perfecting, week after week, its plan which is about to go live. In particular, the most complicated months of the health... more
AirportsFraport placed bond issue in two tranches for a total volume of 1.15 bn
High demand from investors
Fraport placed yesterday a corporate bond with a total volume of €1.15 billion and therefore one of the biggest unrated corporate bonds in Euro ever issued in the capital markets. Driven by strong investor d... more