DIRS.INFO The most relevant business & tech news

☆ Privacy breach at Australian airline Qantas gives access to other customers' details
▼ + stars: | 2024-05-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Qantas on Wednesday apologized after some customers using the Australian airline's app were shown the name, flight details and loyalty status of other passengers. Customers were not able to transfer or use other people's airline points, and there were no reports of customers boarding flights using incorrect details, Qantas said. During the incident, Qantas advised customers to log out and then back in to their frequent flyer app account. "We sincerely apologise to all customers impacted and continue to monitor the Qantas app closely," the airline said in a statement. The Qantas incident comes after other airlines experienced data breaches involving malicious actors in recent years.

Organizations: Qantas, Sydney International Airport, Spain's, Europa, Reuters, British Airways Locations: Sydney, Australia

Analysts said, however, that Asiana's greenlighting of the cargo unit sale did not necessarily ensure smooth sailing ahead for the deal. They noted the desired valuation for the air cargo unit of some 700 billion won ($520 million) including debt, as reported by local media, was probably too high. Approving the sale was a contentious issue at Asiana amid concerns that a takeover by Korean Air would lead to the loss of many Asiana jobs. Korean Air also said it will buy 300 billion won of convertible bonds issued by Asiana, part of fresh financial support to the smaller airline. The company accounts for about a fifth of South Korea's market for overseas air cargo.

Persons: Bae, Asiana, IAG, 1,342.9900, Joyce Lee, Heekyong Yang, Hyunsu Yim, Edwina Gibbs Organizations: Asiana Airlines, Korean Air Lines, Korean Air, country's, European, Analysts, Hi Investment, Securities, European Union, European Commission, Air, Lufthansa, ITA Airways, British Airways, Spanish, Korea Development Bank, Asiana, Thomson Locations: SEOUL, KS, Korean, Union, United States, Japan, Asiana, Iberia, Germany, Russia

☆ Spanish airline Air Europa hit by credit card system breach
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

An Air Europa customer service booth is seen at Gran Canaria airport, in Telde, Gran Canaria, Spain, February 21, 2023. REUTERS/Borja Suarez/File photo Acquire Licensing RightsMADRID, Oct 10 (Reuters) - Spanish airline Air Europa has suffered a cyberattack on its online payment system that let some of its customers' credit card details exposed, the company said on Tuesday. The airline emailed customers whose credit card details were affected and notified the relevant financial institutions, it added. Air Europa reported that incident 41 days after it happened, whereas companies are required to do so within 72 hours. Madrid-based Air Europa is in the process of being taken over by British Airways-owner International Consolidated Airlines Group (ICAG.L).

Persons: Borja Suarez, Corina Pons, Inti Landauro, Louise Heavens Organizations: Air Europa, Gran Canaria, REUTERS, Rights, Spanish, Reuters, Europa, British Airways, International Consolidated Airlines Group, Thomson Locations: Gran, Telde, Spain, Rights MADRID, Spanish, Madrid

☆ Which airlines have suspended Israel flights after Hamas attacks?
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +4 min

Here are airlines that have temporarily halted flights to and from Israel:AFRICARoyal Air Maroc cancelled flights to and from Tel Aviv on Saturday and Sunday. On Sunday, United Airlines (UAL.O) and American Airlines (AAL.O) suspended direct flights to Tel Aviv. EUROPEAll airlines owned by Germany's Lufthansa (LHAG.DE), including Austrian Airlines, Swiss International Airlines and Brussels Airlines, cancelled flights to and from Tel Aviv through Saturday. Norwegian Air (NAS.OL) cancelled flights from Copenhagen and Stockholm to Tel Aviv and return flights through Sunday. Portugal's TAP suspended flights to and from Tel Aviv without providing a time frame.

Persons: Amir Cohen, Britain's, Vueling, Alessandro Parodi, Joao Manuel Mauricio, Milla Nissi, Bernadette Baum 私 Organizations: Gaza, REUTERS, AFRICA Royal Air Maroc, Delta Air Lines, Sunday, United Airlines, American Airlines, Tel Aviv . United, Air Canada, ASIA Hainan Airlines, Cathay, HK, Korean, Germany's Lufthansa, Austrian Airlines, Swiss International Airlines, Brussels Airlines, Saturday, Ryanair, Air France KLM, Norwegian, TAP, Sunday . British Airways, IAG, Air Europa, Italy's ITA, Aegean Airlines, Bulgaria Air, Air Malta, Virgin Atlantic, EAST Etihad Airways, . Gulf Air Locations: Sderot, Israel, Tel Aviv, AFRICA, ASIA, China, Beijing, Shanghai, Shenzhen, Hong Kong, Incheon, EUROPE, Europe's, France, Copenhagen, Stockholm, Hungarian, Iberia, Spanish, London Heathrow, Abu Dhabi, Gdansk

☆ Factbox: Europe's ongoing strike-related travel disruptions
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +4 min

The travel industry is on high alert for disruption after Europe's peak season last year was hit by cancellations, causing chaos at airports. This summer, air traffic control issues are likely to be the weak spot, according to warnings from Eurocontrol, which manages European airspace. Heathrow Airport security workers on June 23 called off 31 days of strikes planned at Britain's busiest hub. At Birmingham Airport, around 100 security officers and terminal technicians will begin continuous strike action from July 18. The strikes will severely impact the airport's security and terminal maintenance, leading to flight delays, the Unite union said.

Persons: Hannah McKay, Tiago Brandao, Pierre John Felcenloben, Antonis Triantafyllou, Milla Nissi Organizations: British Airways, Heathrow Airport, REUTERS, BELGIUM Ryanair, BRITAIN, Heathrow, Birmingham Airport, Glasgow, FRANCE Air, ATC, Nantes, Ryanair, Reuters, SPAIN Pilots, Iberia Regional Air Nostrum, Air Nostrum, Air Europa, Swedish Transport Workers, Union, Geneva, Thomson Locations: London, Britain, BELGIUM, Belgium, Charleroi, Europe, Gatwick, France, Paris, Orly, Lyon, Marseille, Nice, Toulouse, Bordeaux, ITALY, PORTUGAL, Portugal, Iberia, Spain, SWEDEN

LONDON, Feb 24 (Reuters) - British Airways-owner IAG (ICAG.L) forecast 2023 profit could jump almost 90% after its financial performance improved substantially last year and it agreed a deal to buy all of Spain-based Air Europa. For 2023, the airline group, which also owns Iberia, Vueling and Aer Lingus, forecast operating profit in the range of 1.8 billion euros ($1.91 billion) to 2.3 billion euros, compared to the 1.22 billion euros it made last year. That result came in ahead of analyst expectations and represented an improvement of 4 billion euros from the previous year when COVID-19 travel restrictions made airlines across the world loss-making. IAG agreed on Thursday to pay 400 million euros ($423.84 million) to Spain's Globalia for the remaining 80% of Air Europa it did not already own, a deal aimed at expanding its position in the Latin American market. Looking ahead, chief executive Luis Gallego said IAG was seeing robust forward bookings, although it remained conscious of the global macro-economic uncertainties.

☆ IAG takeoff weighed down by debt dilemma
▼ + stars: | 2023-02-24 | by ( Aimee Donnellan | ) www.reuters.com time to read: +3 min

Its $11 billion net debt pile, a legacy of an epic collapse in revenue during the pandemic, is tangibly more than its $9.4 billion market capitalisation. While Friday’s 2022 results showed operating profit of only 1.22 billion euros, well below the 3.3 billion euros it delivered in 2019, the last few years have seen big operating losses. Operating profit could be as high as 2.3 billion euros in 2023, according to company forecasts. More holidaymakers mean revenue last year was over 23 billion euros, compared to less than 8.5 billon euros in 2021. IAG announced an operating profit of 1.22 billion euros for 2022 and forecast 2023 operating profit in the range of 1.8 billion euros to 2.3 billion euros.

☆ IAG agrees to buy 80% stake in Air Europa for 400 mln euros
▼ + stars: | 2023-02-23 | by ( Charlie Devereux | ) www.reuters.com time to read: +2 min

Air Europa, which will maintain its brand but will be managed by Iberia, owns 50 planes and has a further 15 on order, the company said. It said the first 200 million euros will be paid once the deal gets the go-ahead from antitrust authorities. Another 100 million euros will be paid in IAG shares while the final 100 million euros will be paid in cash. As the pandemic tipped the airline industry into crisis, hitting Air Europa particularly hard, shareholders in both companies agreed to cut the deal's price tag to 500 million euros. Negotiations had all but ground to a halt until March 2022 when IAG agreed to grant Air Europa a 100 million-euro loan convertible into a 20% stake.

Search resuls for: "Air Europa"

8 mentions found