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2023-08-11 07:42:21 ET TD Asset Management highlighted that travel demand has hit pre-pandemic levels and international demand is outpacing domestic travel as airlines look to capitalize on the growing travel trend. The financial firm also highlighted that the revenue growth that is project...
2023-08-03 15:59:25 ET Summary British Airways owner International Consolidated Airlines Group S.A.'s half-year results were well-received last week, with a 6.7% increase in stock price, driven by increased revenues and improving margins as fuel prices cooled off. With strong forw...
2023-07-28 11:32:06 ET International Consolidated Airlines Group S.A. (ICAGY) Q2 2023 Earnings Conference Call July 28, 2023 04:30 AM ET Company Participants Luis Gallego - CEO Nicholas Cadbury - CFO Sean Doyle - Chairman and CEO, British Airways Conference...
2023-07-28 07:57:10 ET International Consolidated Airlines press release ( OTCPK:ICAGY ): 1H GAAP EPS of €18.60 beats by €18.34 . Revenue of €13.58B (+45.2% Y/Y) misses by €1.35B . For further details see: International C...
2023-07-18 15:42:39 ET Summary Norwegian Air Shuttle is set to acquire domestic carrier Widerøe for NOK1,125 million ($112 million), enhancing its connectivity and network efficiency. Widerøe, with its fleet of turboprops and small single aisle jets, will provide the fee...
2023-07-12 08:19:19 ET Deutsche Bank turned cautious on the European airline sector on Wednesday with a series of rating downgrades and price target cuts. Analyst Jaime Rowbotham pointed to some weakness in the firm's fares data, with 60-day out prices for travel in August having screen...
2023-07-10 13:30:59 ET Summary Airbus booked more than 900 orders in June. Order inflow consisted of the anticipated Air India and IndiGo orders. Deliveries are showing an upward trajectory and could be indicative of supply chain issues becoming more manageable. I pr...
2023-06-29 06:03:00 ET Summary Demand for air travel is proving resilient despite higher ticket prices. Passengers returned rapidly in 2022 and the recovery will continue this year and next. This is primarily being driven by leisure, but business travel is picking up too. Mean...
2023-06-07 13:57:22 ET The Federal Aviation Administration on Wednesday issued a ground stop LaGuardia Airport in New York due to clouds of smoke obscuring the skies over the Northeast. A ground stop was instituted at 12:50PM ET at the New York hub for domestic flights and is du...
2023-06-05 08:09:27 ET The global airline sector received a shot of confidence from the International Air Transport Association, which announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. IATA forecast airline industry net prof...
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