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International Airlines Group sees profits slip as fuel prices rise

International Airlines Group sees profits slip as fuel prices rise

International Airlines Group has reported profit after tax before exceptional items of €70 million for the first quarter of 2019. The figure is down 62.6 per cent on the same period last year, while adjusted earnings per share were down 57.5 per cent on a pro forma basis.

Easter drives Heathrow to record breaking April

Easter drives Heathrow to record breaking April

Figures reveal the UK’s busiest airport welcomed 6.79 million passengers last month (up 3.3 per cent on last April) - averaging 226,600 daily passengers or the equivalent of the population of Aberdeen.

UK airline insolvency review recommends new levy on passengers

UK airline insolvency review recommends new levy on passengers

The department for transport has recommended a levy of 50 pence per person on all flights to insure against the future collapse of UK-based airlines. The news comes as the government body publishes the final report from the independent airline insolvency review, which was chaired by Peter Bucks.

Higher oil prices take toll on Emirates profits

Higher oil prices take toll on Emirates profits

Emirates Group has seen profits fall by nearly half as the rising price of oil and strong US dollar took a toll on annual results. The Dubai-based group posted a profit of AED2.3 billion (US$631 million) for the financial year ended March 31st, down 44 per cent from last year.

American Airlines to launch new route to Guyana

American Airlines to launch new route to Guyana

American Airlines is providing travellers with more access to Guyana. The airline will begin a direct service from John F. Kennedy International Airport in New York to Cheddi Jagan International Airport in Georgetown, Guyana, from December.

Emirates unveils pavilion For Expo 2020 in Dubai

Emirates unveils pavilion For Expo 2020 in Dubai

Emirates has unveiled the design and visitor experience concepts of its pavilion at the upcoming Expo 2020 in Dubai. The pavilion’s design and visitor experience will utilise interactive technologies and thinking focusing on the future of commercial aviation.

Manchester Airports Group raises £350m in new bond issue

Manchester Airports Group raises £350m in new bond issue

MAG has successfully raised £350 million in the UK capital markets through the issuance of a 25-year bond, issued at an interest rate of 2.875 per cent. The company has disclosed that the order book for the bond was four times oversubscribed.