August 11, 2023

More articles from the category

August 11, 2023

Air Baltic: Convincing half year

Latvia's state-owned airline Air Baltic was more than convincing in the first half of the year. The airline recorded a net profit of 14,6 million euros, which corresponds to an improvement of 105,7 million euros. The Latvian airline Air Baltic had a successful first half of the year. This thesis is supported by the following key figure, for example: The airline recorded a net profit of 14,6 million euros in the first half of the year, which corresponds to an increase of 105,7 million euros. The EBITDAR for the entire first half of the year speaks for itself: Latvia's carrier achieved an EBITDAR of almost 57 million euros, which equates to an increase of 50 million euros compared to the same period last year. The EBITDAR for the second quarter, however, is record-breaking, at 53,8 million euros. In addition, air Baltic had its strongest first half of the year in terms of revenue, with the airline achieving revenue of EUR 291 million, an improvement of around 52 percent compared to the previous year. The airline also improved revenues compared to the pre-Corona year of 2019, as can be seen from the increase of around 33 percent. Martin Gauss, President and CEO of airBaltic, says: “The exceptional results of the first half of the year have exceeded our expectations. Our business is going well and operating cash flow is higher than ever. Looking back at the first six months of 2022 and even 2019, we have experienced significant growth - we have achieved the highest profit in history, a

Continue reading "

Lufthansa was able to agree on a long-term wage agreement

The Lufthansa Group and the Vereinigung Cockpit recently agreed on a long-term collective agreement. The collective wage agreement (VTV) and the framework collective agreement (MTV) were adopted for pilots of Lufthansa Airline and Lufthansa Cargo. The Lufthansa Group and the Vereinigung Cockpit recently made further progress: They recently agreed on a long-term collective agreement. The VTV and the MTV were under discussion, which together mean 18 percent more basic pay for pilots. They are also intended to enable improved working conditions. The VTV runs until December 31, 2026, while the MTV runs until December 31, 2027. However, the two will not collide, as a peace obligation has been agreed. The key points of the agreements: "The collective agreement with the VC creates additional stability in our operations and thus more reliability for our customers," says Group Executive Board member and Labor Director Michael Niggemann. "In addition to remuneration, we are also improving the work-life balance for our pilots. From an economic perspective, this is not an easy deal for us. However, the long term creates planning security for Lufthansa Airline in the coming years, especially for the intended growth on long-haul routes. In addition, the collective agreement reached peacefully at the negotiating table strengthens the social partnership," the German carrier reports.

Continue reading "

Cracks: FAA has all Boeing 747-8s checked

A few days ago, the US Civil Aviation Authority (FAA) issued an airworthiness directive for the Boeing 747-8 aircraft. This concerns possible cracks in the area of ​​the rear bulkhead on the fuselage. The FAA currently assumes that all aircraft could be affected. According to Boeing, the cracks are caused by excessive and sustained internal tensile stresses during the assembly of the aircraft. Ultimately, this later leads to stress cracks. The FAA directive stipulates that all B747-8I and B747-8F aircraft must be checked for possible cracks. If necessary, appropriate repairs must be carried out, according to the US Civil Aviation Authority, under whose supervision the aircraft manufacturer Boeing is.

Continue reading "

Half-year figures: Lufthansa Technik with strong profit plus

Lufthansa Technik, the maintenance division of the crane group, was able to increase revenue by around 2023 percent in the first half of 20. The second quarter of the current financial year proved to be particularly strong. Adjusted EBIT improved by 50 million euros to 291 million euros. This means that the group was able to grow by around 20,7 percent in direct comparison with the same period last year. Revenue rose by 20,8 percent to 3,1 billion euros.

Continue reading "

July 2023: Airbus delivers 65 aircraft

The European aircraft manufacturer Airbus has delivered a total of 381 commercial aircraft since the beginning of the year. This represents an increase of around eleven percent. Most recently in July 2023, the manufacturer was able to land 60 new orders. At the same time, 65 aircraft of various types were handed over to numerous customers.

Continue reading "

Summer 2024: Sunexpress returns to Graz

After years of absence, the Turkish holiday airline Sunexpress is planning its comeback at Graz Airport in the 2024 summer flight schedule. The plan is to connect Styria with Antalya up to four times a week. It has been a long time since Sunexpress offered scheduled flights to/from Graz. Effective April 2, 2024, the joint venture between Turkish Airlines and Lufthansa will initially offer three weekly Antalya rotations. The flights are to be operated on Tuesdays, Thursdays and Saturdays. During the 2024 summer holidays, Sunexpress will increase its offering. In addition to the days mentioned, the company also plans to fly on Sundays from June 30, 2024 until the end of the flight schedule period. For the time being, the connection between Graz and Antalya is limited to the end of October 2024. It has not yet been decided whether this will also be offered in winter 2024/25. 

Continue reading "

Jetblue and Air Serbia launch codesharing

The airlines Air Serbia and Jetblue have been working together since the end of July 2023 as part of a codeshare partnership. The US company has placed its code on the routes from New York and Chicago to Belgrade. The next step will be to position the Jetblue code on other Air Serbia routes. In return, the Serbian airline's code will be placed on 25 routes of the US airline.

Continue reading "

Lawsuit dismissed: Passport is a “matter of course”

Package tours offer passengers many advantages, but they are not "fully comprehensive insurance" against failure to inform. The Munich District Court ruled in the first instance that tour operators are not obliged to inform passengers that they must carry their passports. While in Austria possession of a passport is the norm and only a few people have an identity card, the situation is different in Germany. Many residents only have the latter document because they believe they do not need a passport. However, this can lead to people not being allowed to travel to many countries. This happened in November 2022: The plaintiff, who was now defeated, wanted to fly to Dubai with a companion and could not produce a valid passport. The long-distance trip thus ended at the airport. He then sued for reimbursement of the travel price and argued that the tour operator had not informed them that this document was necessary for entry into the United Arab Emirates. It was also argued in court that the tour operator or the travel agency, which acted as a vicarious agent, had not informed the traveller about the entry requirements of the UAE. In particular, the need to have a passport and any deadlines for obtaining a visa were not discussed. A claim was therefore filed for reimbursement of the travel price of 2.200 euros. The Munich District Court ruled in the first instance in favour of the tour operator under the reference number 171 C 3319/23. The judge does not see any violation of the duty to provide information, as tour operators and travel agencies only have to provide information about general passport and visa requirements and give approximate, but not binding, deadlines.

Continue reading "

Schauinsland-Reisen obtains a creditworthiness certificate

The German tour operator Schauinsland-Reisen was awarded a certificate for good creditworthiness by the creditors' protection association Creditreform. The tour operator achieved 131 points. Schauinsland-Reisen managing director Gerald Kassner personally accepted the "CrefoZert" creditworthiness seal. "This is a special recognition for me and my team. We are characterized by economic solidity," said Gerald Kassner. "We emerged from the crisis last year stronger and our thanks go above all to my employees, whose efforts made this award possible."

Continue reading "

Engine Checks: Wizz Air needs to thin flight plan

The Wizz Air Group will have to reduce its flight schedule in September and October 2023. The service from the United Kingdom will be particularly affected. The reason for this is that unscheduled checks on the engines have to be carried out. "Wizz Air announces that due to the accelerated inspections of several of our GTF engines ordered by Pratt & Whitney, we have made adjustments to the route network that will result in the cancellation of some flights on selected days between certain destinations," the company said in a statement. All aircraft equipped with engines from the manufacturer Pratt & Whitney are affected. Since many aircraft in the pink low-cost group are powered by IAE engines, not the entire fleet is affected. Nevertheless, the unscheduled inspections have an impact because capacity is temporarily lost. This inevitably means that the flight schedule has to be reduced in some places. Although WIzz Air plans to carry out the necessary checks as quickly as possible, flight cancellations on individual days cannot be ruled out. The company is trying to communicate any changes to the flight schedule to the affected passengers as early as possible. Travelers should be offered free rebookings and refunds. In principle, passengers whose flights are cancelled by the airline are entitled to alternative transport even outside the 14-day period, which is only relevant for the claim to any compensation. Wizz Air makes it particularly complicated here, because contrary to supreme court rulings that clearly state that rebookings must also be made to other airlines and modes of transport, the budget airline insists on a clause in its general terms and conditions that states that passengers are only entitled to

Continue reading "