Air Italy A330
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Qatar Airways backed Air Italy ceases operations

Italian airline Air Italy has today ceased operations and entered liquidation following a meeting of shareholders earlier today. The airline is 49% owned by Qatar Airways with the other 51% being owned by Alisarda, a holding company formed from another former Italian airline. Air Italy was formerly known as Meridiana [read more]

High over the North Sea on a Ryanair 737-800
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Ryanair cuts Carbon Emissions to 69g

Irish budget airline Ryanair (FR/RYR) has cut its carbon emissions for January down to 69g per passenger, per km. Substantially lower than many of its competitors. The airline has achieved this primarily by maintaining high load factors and having one of the youngest fleets in the industry. The figures make [read more]

Ryanair Head Office
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Ryanair posts £88m net profit in Q3

Irish budget airline Ryanair (FR/RYR) has reported a net profit of €88m in Q3 according to its latest financial report boosted by better than expected fare prices for bookings in the Christmas and New Year period. The rise comes from a growth in traffic, up 6% to 36m passengers in [read more]

Ryanair Boeing 737 aircraft
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Ryanair profits flat despite traffic growth

Ryanair (FR/RYR) has reported zero profit growth for the year on year period up to September 2019. The budget airline reported a Profit after Tax (PAT) of €1.5bn despite traffic being up 11% to 86m passengers from the previous period. Ryanair’s revenue per passenger also climbed one per cent, as a [read more]

Norwegian 787 takes-off from Gatwick
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Norwegian reports strong traffic for September

Low-cost carrier Norwegian.com has reported strong passenger traffic and revenue numbers for September in its latest financial releases. The airline says it flew 3.3 million people in September which is an increase of 2% with an average load factor of 90%. The growth comes as the airline works through its [read more]