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STOCKHOLM/AMSTERDAM, Oct 12 (Reuters) - Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with carriers including Dutch KLM cancelling flights while sister airline Air France mounted a special relief flight chartered by the French foreign ministry. Israel's parliamentary finance committee meanwhile approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines. The framework will grant Israeli airlines cover against war risks, thereby ensuring the continuity of air operations. Foreign airlines have struggled to find a common approach and the head of European budget giant Ryanair (RYA.I) said it was up to governments to plot the way forward. PATCHY RESPONSEGermany's Lufthansa (LHAG.DE) said it was sticking to its plans for evacuation flights on Thursday and Friday, while continuing to ground commercial flights to Israel.

Persons: Ben Gurion, Ben Smith, Ed Bastian, Sasha Gainullin, Rafael Schvartzman, Obama, Anna Ringstrom, Bart H, Meijer, Tim Hepher, Joanna Plucinska, Julia Payne, Carolyn Cohn, Steven Scheer, Rajesh Kumar Singh, Doyinsola, Terje Solsvik, Deborah Kyvrikosaios, Diane Craft Organizations: Airlines, Dutch KLM, Air France, Palestinian, Israel's, Norwegian Air, Insurance, Reuters, Foreign, Ryanair, KLM, Boeing, Lufthansa, Dubai's Emirates, Delta Air Lines, International Air Transport Association, Regulators, U.S . Federal Aviation Administration, Thomson Locations: STOCKHOLM, AMSTERDAM, Israel, Palestinian, Tel Aviv's, Ben, Gaza, Tel Aviv, Eilat, Emirates, United States, Europe, U.S, Ben Gurion

☆ London Luton Airport suspends flights after car park inferno
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 11 (Reuters) - Britain's London Luton Airport suspended all flights until 1400 GMT on Wednesday after a car fire triggered a wider blaze that led to a partial collapse of one of its multi-storey car parks. There were no known fatalities in the fire, which was first reported to emergency services late on Tuesday evening. "Our priority remains supporting the emergency services and the safety of our passengers and staff. [1/5]Flames are seen as emergency services respond to a fire in Terminal Car Park 2 at London Luton airport in Luton, Britain, October 10, 2023. Britain's easyJet (EZJ.L), whose flights operate from Luton airport, said "airlines are currently experiencing some disruption to their flying programmes."

Persons: Peter Cziborra, Britain's, Baranjot Kaur, William James, Mrinmay Dey, Chris Reese, Sonali Paul, Kate Holton, Paul Sandle Organizations: Luton Airport, London, REUTERS, Civil Aviation Authority, Ryanair, Wizz, Thomson Locations: London Luton, Luton, Britain, Heathrow, Gatwick, Stansted, Manchester, Bengaluru, London

☆ 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

U.S. air carriers United Airlines (UAL.O) and American Airlines (AAL.O) suspended direct flights to Israel after the Federal Aviation Administration urged airlines to exercise caution. Many European airlines have also cancelled flights. Norwegian Air (NAS.OL) cancelled its flights from Copenhagen and Stockholm to Tel Aviv this week and Ryanair (RYA.I) cancelled flights through to Wednesday. Lufthansa (LHAG.DE), also among the airlines most exposed to Israel according to Goodbody, cancelled flights to and from Tel Aviv through Monday. Hainan Airlines (600221.SS), the only Chinese airline to fly between China and Israel, and other airlines flying from Hong Kong and South Korea cancelled flights to Tel Aviv.

Persons: We've, Matt Berna, Benjamin Netanyahu, Amir Cohen, Britain's, Goodbody, . Virgin Atlantic, IAG, Sharon Singleton, Rosalba O'Brien Organizations: Tel, United Airlines, American Airlines, Federal Aviation Administration, Delta Air Lines, El Al, Fighters, Tourism, Royal, Intrepid Travel, Regulators, FAA, European Union Aviation Safety Agency, Israeli, Ben Gurion International, REUTERS, Delta, Air, Portugal's TAP, Norwegian, Ryanair, Sunday, Wizz, Lufthansa, . Virgin, British Airways, Hainan Airlines, Reuters, Thomson Locations: Tel Aviv, Russia, Israel, Gaza, Israel's, Jerusalem, Americas, U.S, New York, Chicago, Washington, Miami, Lod, Europe, Air France, Copenhagen, Stockholm, Hungarian, China, Hong Kong, South Korea, Hainan, Beijing, Shenzhen, Cairo

☆ Multiple airlines cancel flights across Israel after government declares war
▼ + stars: | 2023-10-09 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

CNN —Multiple airlines have canceled flights in and out of Tel Aviv, home to Israel’s largest international airport, after Israel formally declared war on Hamas. In a statement to CNN, American Airlines said it was suspending flights until Friday as it closely monitors the situation on the ground. US carriers have temporarily suspended flights to Israel,” according to the embassy. Hong Kong carrier Cathay Pacific canceled its Tuesday flight to and from Tel Aviv. Ireland’s Ryanair said Monday it was canceling flights in and out of Tel Aviv until October 11, citing operational restrictions.

Persons: Ed Sicher, Israel, Ben, Israel’s Ben, Yoav Gallant Organizations: CNN, American Airlines, Allied Pilots Association, Federal Aviation Administration, Ben Gurion, Cathay Pacific, Tel Aviv . Air Canada, Ryanair, Air India, Lufthansa, Norwegian Air, Korean Air, Israel’s Ben Gurion, Israel’s Locations: Tel Aviv, Israel, Hong Kong, Incheon, Gaza, Jerusalem

☆ More than 55 global airlines still fly over Russia, including to and from the US: 'a crisis in the making'
▼ + stars: | 2023-10-07 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementEven though Russian airspace is closed to US airlines, many Americans may still end up flying through Russian skies. This includes four European carriers: Air Serbia, Turkish Airlines, Pegasus Airlines, and Belarus' Belavia. Emirates' flight path from Dubai to Los Angeles on September 25 showed it flew over Russian airspace. Looking at the time of writing for mid-November, a ticket on Air India is nearly $2,000 cheaper than American. This was a particular concern earlier this year when Chinese airlines were using Russian airspace on routes to the US.

Persons: —, FlightRadar24, Robert Menendez, James Risch, Putin, Roman Protasevich, Scott Kirby, Kirby Organizations: Carriers, Air India, Service, Moscow, Air, Turkish Airlines, Pegasus Airlines, Ethiopian Airlines, Qatar Airways, Etihad Airways, US ., Los Angeles, Uzbekistan Airways, Reuters, Travelers, NBC News, White, Malaysian Airlines, Ryanair, United Airlines, overflying, Airlines, China Eastern Airlines, American Airlines, Google, Current, Delta Air Lines Locations: Europe, Russia, Ukraine, Asia, Emirates, Russian, Air Serbia, Turkish, Belarus, Moscow, Africa, Air China, US . Emirates, Dubai, Los, West Coast, FlightAware . Emirates, Los Angeles, Air India, New Delhi, New York, Chicago, San Francisco, Tashkent, Qatar, Doha, China, detouring, Uzbekistan, American, Belarusian, Australia, overflying Russia, America, India, United

Air France-KLM has tended to let airlines it invests in keep their operations and branding. With the process still in its infancy, Air France-KLM has a chance to make a pitch to TAP now off the back of SAS. LONG FIGHT AHEADThere are remaining challenges for Air France-KLM as it looks to clear regulatory hurdles with SAS, including approval from American and European policymakers. Europe's airline industry has a history of cultural and political barriers to smooth integration, even within Air France-KLM itself. Air France-KLM is a member of the rival SkyTeam alliance.

Persons: Paris Charles de, Charles Platiau, IAG, James Halstead, Jacob Gronholt, Pedersen, Tim Hepher, Matt Scuffham, Sharon Singleton 私 Organizations: Air France Boeing, Paris Charles, REUTERS, France, KLM, TAP, TAP Portugal, Lufthansa, LONDON, Air, Scandinavia's SAS, Ryanair, Wizz, Air France, IAG, Tuesday's SAS, SAS, Star Alliance, Reuters, Apollo Global Management, Union Locations: Paris, Paris Charles de Gaulle, Roissy, France, LISBON, Air France, Europe, Air, Danish, Swedish, Spanish, Portugal, Northern Europe, TAP's, Portuguese, U.S, Lisbon, Porto, Iberia, South America

☆ Boeing delivery delays disrupt Ryanair flights again
▼ + stars: | 2023-09-28 | by ( ) edition.cnn.com time to read: +2 min

However, production delays at the Spirit Fuselage facility in Wichita, Kansas, combined with Boeing’s repair and delivery delays in Seattle, meant the budget airline now expects to receive only 14 aircraft between October and December. “At this early date, we do not expect these delivery delays will materially affect our full-year traffic target of 183.5 million [passengers],” Ryanair chief executive Michael O’Leary said. Asked if it could confirm the delays and when deliveries would be up to date, a spokesperson for Boeing said that the planemaker valued its partnership with Ryanair and was committed to supporting the airline. Ryanair already trimmed its full-year passenger forecast from 185 million in July, citing potential Boeing delays, as well as the impact of air traffic control strikes. Ryanair executives had said deliveries had “significantly improved” before Boeing discovered a production flaw last month that has slowed deliveries of its best-selling 737 MAX aircraft.

Persons: Michael O’Leary, O’Leary Organizations: Ryanair, Boeing, East, Porto Locations: Wichita , Kansas, Seattle, Charleroi, Belgium, Dublin, Ireland, Bergamo, Naples, Pisa, East Midlands, Portugal, Cologne, Germany

☆ Ryanair to cut flights this winter due to Boeing delivery delays
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

Sept 28 (Reuters) - Ryanair (RYA.I) announced on Thursday cuts to its winter schedule due to delays in the delivery of Boeing (BA.N) aircraft, but Europe's largest airline by passenger numbers said its full-year traffic forecast was unaffected "as yet". Ryanair said in a statement that it had expected to receive delivery of 27 aircraft between September and December. But due to production delays at the Spirit Fuselage facility in Wichita, Kansas, combined with Boeing repair and delivery delays in Seattle, it now expects to receive only 14 aircraft during the three-month period. "At this early date, we do not expect these delivery delays will materially affect our full-year traffic target of 183.5 million,” Group Chief Executive Michael O'Leary said. Ryanair had expected delivery of 57 Boeing aircraft between September 2023 and May 2024.

Persons: Michael O'Leary, Yadarisa, Conor Humphries, Nivedita Bhattacharjee, Sharon Singleton, Susan Fenton Organizations: Ryanair, Boeing, ”, East, Porto, Thomson Locations: Wichita , Kansas, Seattle, Charleroi, Belgium, Dublin, Bergamo, Naples, Pisa, East Midlands, Portugal, Cologne, Germany, Bengaluru

The Treasury will issue new economic targets on Wednesday providing the framework for a budget in which Meloni will attempt to keep her tax-cutting promises while also lowering the fiscal deficit. "This budget is Meloni's first real economic test since she came to power last October," said Tim Jones, euro zone analyst for market consultancy firm Medley Advisors. Meloni has much less room for manoeuvre than when she hiked deficit targets in her first budget a year ago. Episodes targeting airlines and investors in Italy's 307- billion-euro ($326.74 billion) bad loan market have followed a similar pattern. Meloni subsequently said no measures were planned regarding non-performing loans, but her party's proposal is still before parliament and uncertainty persists.

Persons: Giorgia Meloni, Meloni, Tim Jones, she's, Morgan Stanley, Reuters.G Rome, Roberto Perotti, Meloni's, Valentina Za, Francesco Canepa, Giuseppe Fonte, Sara Rossi, Gianluca Semeraro, Ed Osmond, Giselda Organizations: Treasury, Advisors, European Central Bank, Reuters, Ryanair, Milan's, Bank of, ECB, Thomson Locations: ROME, Italy, Greece, Rome, Italian, Italy's, Brussels, EU, Milan

☆ Ryanair cuts routes from Dublin home base, says more incentives needed
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

Employees work on a Ryanair plane preparing to take off at the Rosalia De Castro airport in Santiago de Compostela, Spain June 24, 2022. The Irish airline, Europe's largest by passenger numbers, cited Dublin Airport Authority's increased passenger charges and a failure to deliver a "meaningful" environmental incentive scheme as motivation for the decision. The Dublin Airport Authority said in a statement that Ryanair was exaggerating the size of increased charges and that the authority was consulting with airlines about a proposed scheme to incentivise lower-emission aircraft in 2024. It said Dublin Airport's passenger numbers had recovered to pre-pandemic levels and that it had no need to incentivise new growth given a capacity limit under the airport's planning permission. Ryanair frequently cuts capacity from airports during disputes over charges and typically allocates aircraft to airports and regions offering the best growth incentives.

Persons: Rosalia De, Nacho, Eddie Wilson, Padraic Halpin, Conor Humphries, Kylie MacLellan Organizations: Ryanair, REUTERS, Rights, Boeing, MAX, Luton Airport, Irish, Dublin Airport Authority, Thomson Locations: Rosalia De Castro, Santiago de Compostela, Spain, Dublin, Italy

☆ Facing fares row, Ryanair hit by new antitrust probe in Italy
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

Ryanair said on Wednesday that internal Italian flights to Sicily would be cut by 10% in its latest winter schedule, blaming the government's planned price cap. Eddie Wilson, the chief executive of Ryanair DAC, the biggest airline in the Ryanair group, said the airline opposed the measure despite the modification. During a visit to Sicily, Wilson contrasted Ryanair's expansion of foreign flights to and from the island with the reduction on domestic routes. "Italian domestic growth has sadly been negatively impacted by the Italian government's unlawful price cap decree to restrict airlines’ freedom to set low air fares," Wilson said in a statement. Ryanair has already reduced its domestic schedule for flights to Sardinia over the winter.

Persons: International Eleftherios Venizelos, Alkis, Eddie Wilson, Wilson, Alvise Armellini, Keith Weir, Cristina Carlevaro, Jason Neely, Barbara Lewis Organizations: Ryanair, Company, Europe's, International Eleftherios, REUTERS, Ryanair DAC, Thomson Locations: Italy, Sicily, ROME, Athens, Greece, Sardinia

While a civil suit lodged against KLM (AIRF.PA) in the Netherlands is one of the most prominent, complaints and cases against other airlines have been mounting. Lockwood said the ASA would use machine learning tools to scan online advertising to catch potentially misleading wording. Separately, the Austrian advertising watchdog told Lufthansa's Austrian Airlines arm last year to stop making claims about a carbon neutral flight using biofuel. The lawsuit alleges that carbon offset programmes don't work as advertised and the company misled consumers. The company is investing in newer planes and sustainable fuel to "decarbonise" its operations, the person added.

Persons: Miles Lockwood, Lockwood, Joanna Plucinska, Mark Potter Organizations: KLM Airlines, Fossielvrij, Dutch, KLM, Airlines, Ryanair, Lufthansa, Etihad, Standards Authority, ASA, Reuters, Lufthansa Group, Austrian Airlines, Delta Air Lines, Delta, Thomson Locations: Netherlands, Amsterdam, Austrian, Los Angeles

☆ A passenger on budget airline Ryanair was awarded over $30,000 in damages after she fell on 'narrow and steep' plane steps and broke her leg in 2 places
▼ + stars: | 2023-09-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A Ryanair passenger fell down the aircraft steps while disembarking and broke her leg, per El Periódico. The budget airline has been ordered to pay her $33,000 in compensation. Local outlet Diario de Seville reported that the woman was holding the staircase handrail and carrying luggage when she suffered the "horrendous fall." That allows for the budget airline to save on airport fees for jet bridges or stair cars. But the judge at the Commercial Court of Seville said the Ryanair plane's staircase "was especially narrow and steep," per El Periódico.

Persons: El Periódico Organizations: Ryanair, Service, Irish, Spanish, Diario, Seville, Boeing, Europa Press, Montreal Convention Locations: El, Wall, Silicon, deplaning, Seville, Alicante, Spain

☆ Ryanair CEO pied in the face by climate activists in Brussels
▼ + stars: | 2023-09-07 | by ( Lauren Kent | ) edition.cnn.com time to read: +2 min

London CNN —The CEO of Ryanair, Michael O’Leary, was pied in the face during a Thursday visit to Brussels in a stunt by climate activists. Ryanair says it has so far collected 1.8 million signatures on its online petition from members of the public. The incident was captured on video, and the activists can be heard shouting: “Welcome in Belgium. O'Leary stands in front of a lifesize cardboard version of Ursula von der Leyen, the EU Commission president. After being pied, the head of Europe’s largest airline carried on talking to the media outside the EU building, saying, “We’re here to discuss the petition.

Persons: Michael O’Leary, O’Leary, “, Michael O'Leary, O'Leary, Ursula von der Leyen, ”, — Organizations: London CNN, Ryanair, European Commission, EU Commission, EU, RTL, Reuters, International Energy Agency, Twitter Locations: Brussels, Belgium, Ukraine

☆ Ryanair traffic hits new record in August, up 12% year on year
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

DUBLIN, Sept 4 (Reuters) - Ryanair (RYA.I) flew 12% more passengers in August than in the same month last year, it said on Monday, its latest all-time traffic record in what is typically its busiest month. Europe's largest airline by passenger volume said it flew 18.9 million passengers in August, up from 16.9 million a year earlier and up from 14.9 million in August 2019, before the COVID-19 pandemic hit. It achieved its previous record, 18.7 million passengers, in July. The Irish airline has said it expects traffic in the financial year to March 2024 to grow by 9%, to around 183.5 million passengers. Writing by Conor Humphries; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Conor Humphries, Jason Neely Organizations: DUBLIN, Ryanair, Irish, Citi, Thomson Locations: Western Europe, Eastern Europe

More than 1,500 flights were cancelled on Monday - a public holiday in parts of Britain, and one of the busiest travel days as the school holidays draw to close - when air traffic controllers were forced to switch to manual systems due to a technical problem. Ryanair, Europe's biggest airline, would be operating a normal schedule by Wednesday, said boss Michael O'Leary, as he criticised how Britain's National Air Traffic Services (NATS) had handled the situation. Harper chaired a meeting on Tuesday with NATS, the Civil Aviation Authority (CAA), airlines, airports, trade bodies and Border Force. EasyJet (EZJ.L) said that the knock-on impact meant some flights were cancelled on Tuesday morning. Heathrow Airport, Britain's busiest hub, told passengers to contact their airline before travelling to the airport on Tuesday.

Persons: Maria Ball, Charles De Gaulle, Mark Harper, Michael O'Leary, haven't, O'Leary, Raphael Satter, Rishi Sunak, Sunak, Harper, NATS, Cirium, Sarah Young, Padraic Halpin, Farouq Suleiman, Kate Holton, Alistair Smout, Alison Williams, Mike Harrison Organizations: British, Ryanair, Europe's, Air Traffic Services, REUTERS, Civil Aviation Authority, CAA, Border Force, Aviation, British Airways, Heathrow, Thomson Locations: Europe, Britain, Liverpool, England, Paris, Edinburgh, London, Stansted, NATS

Flight crew smelled smoke coming from the bathroom on a flight from Turkey to Leeds, UK, in 2021. On the flight from Turkey to Leeds, England, on October 12, 2021, the flight crew smelled smoke coming from the bathroom and suspected the passenger, Arshad Khan, of smoking a cigarette. When they confronted Khan, he denied it and became "more and more aggressive," prosecutor Harry Crowson told Leeds Crown Court. The outlet said Khan initially told officials he had no comment and then later claimed someone had planted the weapons. In May of this year, another passenger was also hauled off a flight in the UK after being caught smoking in the bathroom.

Persons: Arshad Khan, Khan, Harry Crowson, Robin Mairs Organizations: Border Force, Yorkshire Evening, Leeds Crown Court, Leeds Bradford Airport, UK Border Force, Ryanair, Manchester Evening News Locations: Turkey, Leeds, Yorkshire, England, Spain, Manchester

☆ A Ryanair flight was forced to divert mid-air after a drunk family argument erupted into violence, report says
▼ + stars: | 2023-08-06 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

A Ryanair flight to the Canary Islands was forced to divert mid-air after a brawl broke out. But the flight had to land in Portugal as two family members were "beating each other," police said. A Ryanair flight was forced to divert mid-air on Friday after a family fallout erupted into violence, officials said. The violent argument forced the pilot to divert the plane mid-air and make an emergency landing in Faro, Portugal — which is around 900 miles away, police said. It is unclear what their argument was about, though police confirmed they were both members of the same family.

Organizations: Ryanair, Canarian, Scottish Sun, Gran Canaria Locations: Portugal, Edinburgh, Scotland, Canary, Faro, Gran

[1/2] An Airbus A380 of German air carrier Lufthansa is seen at the airport in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach/File PhotoBERLIN, Aug 3 (Reuters) - The boom in holiday travel shows no signs of ending, German airline group Lufthansa (LHAG.DE) said on Thursday, as advance bookings for this winter and next year were already a double-digit percentage above the year-earlier level. "Demand will remain exceptionally strong for the foreseeable future," Lufthansa Chief Executive Carsten Spohr told journalists during a conference call as the group published better-than-expected quarterly profits. British Airways owner IAG (ICAG.L) said the outlook for summer travel was encouraging, although it was "mindful" of uncertainty in the wider economy. For the German airline, Spohr said an unimpeded trend towards more premium-class flights, especially among leisure travellers, has underpinned yields and he expected ticket prices to remain at current levels for the foreseeable future.

Persons: Kai Pfaffenbach, Carsten Spohr, Spohr, Maria Sheahan, Josephine Mason, Sharon Singleton Organizations: Airbus, Lufthansa, REUTERS, Ryanair, British Airways, IAG, Thomson Locations: Frankfurt, Germany, Europe's

☆ Lufthansa upbeat as leisure travel demand remains high
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

Lufthansa logo is seen displayed in this illustration taken, May 3, 2022. Lufthansa rival IAG (ICAG.L) last month said it was "mindful" of uncertainty in the wider economy, even as it reported consensus-beating quarterly profit, and Ryanair (RYA.I) was cautious on demand for the rest of 2023. In April to June, Lufthansa's adjusted earnings before interest and tax nearly tripled to 1.09 billion euros ($1.19 billion), slightly above consensus for 1.04 billion, from 341 million a year earlier. For the full year 2023, it now expects adjusted EBIT to come to more than 2.6 billion euros, having previously forecast a significant increase from last year's 1.5 billion. ($1 = 0.9148 euros)Reporting by Maria Sheahan Editing by Miranda Murray and Friederike HeineOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Maria Sheahan, Miranda Murray, Friederike Heine Our Organizations: Lufthansa, REUTERS, Deutsche Lufthansa, Airlines, IAG, Ryanair, Austrian Airlines, SWISS, Boeing, Airbus, Thomson Locations: BERLIN, Asia, China, Japan

Yet a sharp drawdown in the excess savings created by COVID-19 could be a curve ball that slams into bullish sentiment. U.S. excess savings have fallen to around $500 billion from around $2.1 trillion in August 2021, the San Francisco Federal Reserve estimates. In Europe, Deutsche Bank reckons excess savings in Sweden, struggling to contain a property slump, have dwindled. Reuters GraphicsRUNNING OUTDefinitions for excess savings differ, but economists generally agree that this means savings that went beyond trend levels during the pandemic. Cardano chief economist Shweta Singh said U.S. pandemic excess savings are likely to be depleted by year-end.

Persons: Rachel Adams, Janus Henderson, Oliver Blackbourn, Shweta Singh, Guy Miller, Jamie Dimon, Ben, Eren Osman, Arbuthnot Latham, Janus Henderson's Blackbourn, U.S . Russell, Russell, Goldman Sachs, Blackbourn, Zurich's Miller, Simon Bell, Guilluame Paillat, Paillat, Naomi Rovnick, Sharon Singleton Organizations: Oxford, REUTERS, San Francisco Federal, Deutsche Bank, Reuters, Insurance Group, Ryanair, JPMorgan, Unilever, U.S ., London's, Bank of, Aviva, Thomson Locations: Britain, London, China, Europe, U.S, Sweden, United States, downturns, Australia

☆ British Airways-owner IAG beats forecasts, mindful of uncertainty ahead
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: +1 min

IAG's quarterly profit beat analyst forecasts by 40% and the British Airways parent company said the outlook for summer travel was encouraging, although it warned it was "mindful" of uncertainty in the wider economy. IAG, which also owns Iberia, Aer Lingus and Vueling, did not on Friday provide an update on its full-year guidance. It had said in May it expected annual profit above the top end of a 1.8 billion euros to 2.3 billion euros range. IAG said in its statement that while there was no sign of weakness in forward bookings it was "mindful of wider uncertainties that might affect the full year." For the three months to the end of June, the group recorded an operating profit before exceptional items of 1.25 billion euros ($1.37 billion), compared to the 895 million euros analysts were on average expecting.

Persons: IAG Organizations: British Airways, Aer Lingus, Air France, KLM, Friday, Ryanair, British, Heathrow Locations: Iberia, Aer, Europe

But so far, IAG had not seen "any weakness into Q3 and Q4", finance chief Nicholas Cadbury added. In May, it said it expected annual profit above 2.3 billion euros ($2.5 billion), and analysts' consensus forecast stands at 2.8 billion euros. For the three months to the end of June, the group recorded an operating profit before exceptional items of 1.25 billion euros, compared to the 895 million euros analysts were on average expecting. "These numbers will help push expectations for this year strongly through the 3 billion euro operating profit level," Goodbody analysts said. ($1 = 0.9106 euros)Reporting by Sarah Young; Editing by Kate Holton and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Luis Gallego, IAG, Nicholas Cadbury, Sarah Young, Kate Holton, Mark Potter Organizations: British Airways, Air France, KLM AIRF.PA, Ryanair, Aer Lingus, Thomson Locations: Iberia, Aer, IAG, Europe

☆ Airlines report soaring profits amid travel demands
▼ + stars: | 2023-07-28 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

CNN —International airlines have reported significant profits this year, boosted by strong demand for leisure travel – and events, such as the World Cup, which gave Qatar Airlines an enormous lift. On Thursday, International Airlines Group, which includes Aer Lingus and British Airways, announced a record profit of about $1.4 billion for the first half of the year. “Customer demand remains strong across the Group, particularly for leisure travel, with around 80% of passenger revenue for the third quarter already booked. Qatar Airways reported a $1.2 billion profit for the past fiscal year, ascribing its strong performance to December’s FIFA World Cup. In its report, Qatar Airways said that, throughout the 2022 World Cup, the company operated around 140,000 flights to bring more than 1.4 million people to Qatar.

Persons: Luis Gallego, Benjamin Smith, Akbar Al Baker, Michael O’Leary, – CNN’s Mostafa Salem, Pierre Meilhan Organizations: CNN — International, Qatar, International Airlines Group, Aer Lingus, British Airways, KLM Group, Amsterdam Schiphol Airport, Olympic, Paralympic Games, Air, Qatar Airways, KLM, FIFA, Ryanair, Europe’s Locations: AirFrance, Amsterdam, France, Air France, Qatar

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