Aviation Daily Roundup: August 23, 2022

August 24, 2022

TAP Feels Dollar Headwinds As Restructuring Plan Kicks In

TAP Air Portugal (TAP) is tracking close to pre-pandemic unit revenue and costs, despite higher fuel costs and a smaller fleet, but interest costs and unfavorable dollar exchange rates pushed the company to a €202 million ($201.7 million) first-half net loss. Credit: Airbus SAS 2020 Alexandre Doumenjou - Master Films

Middle East Faces Imminent Pilot Shortage, Report Says

The Middle East could face a shortage of 3,000 pilots as early as next year, according to a new report by consultancy Oliver Wyman. Credit: Dubai Airports

American Airlines Sees Passenger Demand ‘Normalcy’ Returning

Passenger demand is showing signs of normalizing after an historic downturn followed by the current peak-season surge, and new customer preference patterns are beginning to emerge, American Airlines Chief Commercial Officer Vasu Raja said. Credit: Boeing

Bidders Submit Improved Offers In Delayed ITA Airways Sale

Bidders for a majority stake in ITA Airways have submitted improved offers to the Italian government in advance of a deadline that expired Aug. 22, but industry sources fear political uncertainty in Italy could once again hold up the long-drawn out sale process. Credit: Trevisan Aviation Images / Alamy Stock Photo

Icelandic LCC PLAY Expects ‘Operational Profit’ Later This Year

Icelandic LCC PLAY anticipates turnover of $150-160 million for 2022, the startup’s first full year of operations. Credit: PLAY

Air New Zealand Brings More 777s Out Of Storage

Air New Zealand is reactivating some of its parked Boeing 777-300ERs, as it looks to boost its long-haul capacity. Credit: Rob Finlayson

Daily Memo: The Long View For Air Cargo

Infrastructure investments in air freight highlight the steps operators are taking to ensure they can meet expected long-term demand. Credit: Lödige Industries

Nigeria Working To Solve Airline Funds Situation, Minister Says

A Nigerian government minister has said that the country’s administration is actively working to solve the problem of airline funds trapped in the country. Credit: Emirates Airline

British Airways Makes More Schedule Cuts Over Winter

British Airways has signaled its intention to cut 5,000 return flights from its London Heathrow schedules over the winter season, as the airport and carrier struggle to return to a pre-pandemic equilibrium. Credit: Mark Kerrison / Alamy Stock Photo

KLM Appoints New Chief Operating Officer Amid Schiphol Disruption

KLM Royal Dutch Airlines has appointed Maarten Stienen as its new chief operating officer effective Sept. 1 as the airline, like others in Europe, faces ongoing operational challenges. Credit: Ramon van Flymen/ANP/AFP/Getty Images

Air Canada Plans To Operate A Dozen Cargo Aircraft By Year-End 2024

Air Canada plans to have 12 dedicated freighters in its fleet by the end of 2024, part of an effort to build greater revenue diversification into its operation. Credit: Air Canada

TAP feels dollar headwinds as restructuring plan kicks in, Middle East faces imminent pilot shortage, report says, and more. Take a look at the daily roundup of air transport news.

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