Flybe inks Croatia Airlines interline

GLOBAL AVIATION NEWS

Qatar Airways posts $4.1 billion loss

Qatar Airways has announced that it suffered a more than $4 billion loss in revenues over the last fiscal year, as lockdowns triggered by the coronavirus pandemic slashed demand for long haul travel. The major loss, which the state-owned airline largely attributed to the grounding of its Airbus A380 and A330 wide-body jets, highlights the dramatic toll of the pandemic on the industry. Even so, the Doha-based airline reported an increase in earnings to $1.6 billion before taxes and other costs compared to the previous year - costs that dropped significantly as the airline saved on jet fuel, reduced salaries by 15% and cut some 13.400 employees from its workforce. The pandemic has hit international routes the hardest, dealing a heavy blow to super-connectors in the Persian Gulf that essentially lack domestic markets. In the last several months, the flagship carrier has received a boost from an end to a yearslong boycott that locked Qatar Airways out of the airspace of Bahrain, Egypt, Saudi Arabia and the United Arab Emirates. The embargo had forced the airline to take longer routes and consume more jet fuel, raising expenses. For the first time since 2017, the energy-rich state's airline reopened key routes to hubs like Dubai, Cairo and Riyadh as the political dispute eased in January. The long-haul carrier praised its resilience in the face of the fast-spreading virus variants still racing around the globe, noting that its operational loss of $288 million stood at 7% less than the year before. “Whilst our competitors grounded their aircraft and closed their routes, we adapted our entire commercial operation to respond to ever-evolving travel restrictions and never stopped flying”, Qatar Airways CEO, Akbar al-Baker, said in a statement. The airline acknowledged receiving a $3 billion lifeline from the Qatari government to keep operating as it struggled with virus restrictions. The carrier took just 5.8 million passengers to the skies in the last fiscal year, compared to 32.3 million the year before - a staggering 82% drop.
Reuters

Flybe inks Croatia Airlines interline

NEWS FLASH

British regional carrier Flybe has signed a new interline agreement with Croatia Airlines, opening up new connections via London Heathrow Airport and other European hubs. It follows similar partnerships Flybe has made in recent months with Air Serbia, Turkish Airlines, Thai Airways, Wideroe and LOT Polish Airlines. The move will allow agents to connect customers to and from various European destinations using the Zagreb-based airline. Alan Tune, Flybe's Director of Sales, Alliances and Strategic Partnerships, said, “We continue to increase our wide range of interline arrangements enabling our travel trade partners to issue more tickets to an even greater number of destination options. For our regional customers, interline travel booked through a travel agent gives them the opportunity to enjoy the ease of travelling on an interline ticket with their bags checked through to the final destination. It makes their transit through a Flybe hub airports a really convenient experience”.

Flybe boasts a fleet of 75 aircraft and was recently purchased by Connect Airways, a consortium comprising of Virgin Atlantic and Stobart Aviation. It will eventually operate under the Virgin brand.

Comments

Anonymous12:16
Nice! Considering they are owned by Virgin Atlantic, we might see VK CS soon cooperating as well.
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Anonymous12:37
Fly(may)be... Punctuality and interaction with delayed passengers are not their strong suits.
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Anonymous12:47
Flybe are not in a very good financial position at the moment.
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Anonymous11:15
Flybe should review their restrictive baggage policy first, then (may be) they will be more profitable
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