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airline

Delta to spend $30mn to offset most of its 2020 impact on climate
Business & Finance

Delta to spend $30mn to offset most of its 2020 impact on climate

  • The Atlanta-based company said its medium-term goal is to replace 10% of its jet fuel, which is currently refined from fossil fuel, with sustainable aviation fuel by the end of 2030.
  • That followed moves in Europe by easyJet to offset emissions on all its flights and by British Airways and Air France to do the same on their domestic flights.
Updated 04 Mar, 2021 09:52pm
Ryanair hopes for 60-70pc of normal traffic this summer
Business & Finance

Ryanair hopes for 60-70pc of normal traffic this summer

  • "We would be hopeful that we could fly maybe 60, 70% of our normal traffic volumes during the peak summer months ... June, July, August and September," he said. "That's about as optimistic as its going to get."
  • "We don't need a taskforce, we just need action," O'Leary said. "The real challenge is timing here ... we need to give them the clarity to book their summer holidays."
Published 03 Mar, 2021 06:39pm
Easyjet to hold investor calls for euro bond as travel hopes rise
Business & Finance

Easyjet to hold investor calls for euro bond as travel hopes rise

  • No details were provided on how much the airline is looking to raise from the sale, but a "benchmark" euro bond issue typically has a deal size of about 500 million euros or more.
  • EasyJet said that bookings for flights for this summer had soared over 300% since Britain's announcement, and holidays by more than 600%, compared to their levels last week.
Published 23 Feb, 2021 08:21pm
Irish court grants extension to Norwegian Air's debt restructuring
World

Irish court grants extension to Norwegian Air's debt restructuring

  • The extension to Feb. 25 was granted after a lawyer representing the Irish examiner told the court that the examiner believed the budget carrier had a reasonable prospect of survival.
  • I will grant that application and extend the time for reporting... to the 25th of February.
Published 22 Jan, 2021 07:18pm
Abu Dhabi's Etihad to resume Qatar flights next month
Business & Finance

Abu Dhabi's Etihad to resume Qatar flights next month

  • Flights between the UAE and Qatar, both major air transport hubs, had been suspended since mid-2017 when the UAE, Saudi Arabia, Bahrain and Egypt.
  • Etihad, owned by the government of Abu Dhabi, said daily flights to the Qatari capital would resume from Feb. 15.
Published 20 Jan, 2021 08:44pm
Mnuchin says US Treasury cannot act on own to avert airline layoffs
Markets

Mnuchin says US Treasury cannot act on own to avert airline layoffs

  • Airlines have been pushing Congress for months to back a new $25 billion bailout and extend payroll assistance to prevent passenger airline layoffs for another six months.
  • "Unfortunately there is not," Mnuchin said. He added the funding from Congress approved in March "literally saved the entire industry."
Published 24 Sep, 2020 11:55pm