December 1st 2022

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February

A slew of financial reports published during the month offered insights into the challenges airlines were facing from the pandemic as well as opportunities the operating environment had thrown up. Read More »

Japan’s two largest airline groups, All Nippon Airways (ANA) and Japan Airlines (JAL), respectively, announced reduced net losses for the nine months to December 31, 2021 against the same period a year earlier, and noted signs of industry recovery despite the near-term impact of Omicron.

In the month, ANA re-calibrated its order for 16 A320neo and two A321neoLR to 15 A320neo and three A321neo based on the “company’s business environment”.

In India, now retired IndiGo CEO, Ronojoy Dutta, said domestic air traffic in the LCC’s 2021 December quarter was “buoyant” supporting the airline’s prediction of future profits at India’s largest airline in passengers carried.

Singapore Airlines (SIA) returned to the black, announcing a net profit of S$85 million (US$62.8 million) for the three months to December 31 2021 following the launch of Vaccinated Travel Lane (VTL) flights that unlocked pent-up demand. It was a “game-changer” the airline group said. Prospects were not as rosy in Oceania where the region’s two largest airlines, Air New Zealand (Air NZ) and Qantas Group, recorded more losses. Air NZ’s preferred measure of financial performance, earnings before tax and other significant items, widened in the six months to December 31, 2021 compared with interim 2020. Qantas Group posted a larger underlying loss before tax for the half.

Qatar Airways was unveiled as Boeing’s 777-8X freighter’s launch customer with a firm order for 34 of the type and options for another 16, with first deliveries in 2027.

Embraer pushed back development of its E175-E2 jet by three years after discussions in the U.S. about scope clauses for aircraft up to 76 seats, market conditions and sustained customer interest in the OEM’s existing E175 variant. Entry into service of the E175-E2 jet is planned for 2027-2028.

Although delegate and exhibitor attendances were down at the Singapore Airshow, organisers said the biennial event still attracted 13,000 trade delegates from around the world.