The Oneworld alliance and Bill Gates-backed Breakthrough Energy Ventures (BEV) have launched an investment arm through which they intend to raise funds to hasten the development of aviation fuel that emits less CO2 than conventional jet fuel. Oneworld members American Airlines and Alaska Airlines are set to be the "cornerstone investors" in the Oneworld BEV Fund, the alliance says. Breakthrough Energy Ventures – a capital fund founded by Gates – will be the fund's investment manager. The Oneworld BEV Fund aims to invest in "novel, next-generation sustainable aviation fuel technologies" and expand alternative fuel markets. "By investing in the SAF technologies of the future, American and our Oneworld partners are making a business decision to accelerate the development of novel technologies with the potential to reach larger scale at lower prices than current technologies can achieve," states American chief executive and Oneworld chair Robert Isom. Eric Toone, chief technology officer at Breakthrough Energy and managing partner at Breakthrough Energy Ventures, adds: "The Oneworld BEV Fund is built to identify and scale breakthrough SAF technologies that can deliver real emissions reductions for jet fuel, compete with fossil-based fuels on cost, and integrate seamlessly with today's aviation infrastructure. "These are complex systems-level challenges that will take time to solve, and the fund is built with the long-term vision and staying power to help bring solutions to market."

Greece's Aegean Airlines has reported strong financial results for the first half of 2025, overcoming geopolitical headwinds and intensifying competition from rival carriers that have recently expanded in the Greek market. EBITDAR rose by 6% to €156 million ($185 million) compared to 2024's first half, on revenue up 5% to €787 million. Net profit after tax more than doubled to €47.9 million, supported in part by a more favourable euro/dollar exchange rate that helped reduce operating costs and the value of future aircraft leases. Passenger traffic grew by 4%, with domestic growth outpacing international performance. The airline cited a "significant impact" from the suspension of flights to Israel, Lebanon and Jordan during May and June due to regional instability. Despite these challenges, demand for travel to and from Greece "remains strong", says chief executive Dimitris Gerogiannis, with bookings gradually strengthening even during traditionally quieter winter months. Operational improvements also contributed, including more effective network management and increased capacity through the continued deployment of A321neo aircraft. Gerogiannis describes the rollout of the type as being one of the "key factors in strengthening our competitiveness", with 26 A321neos expected to arrive over the next few years. These will, the carrier adds, enable longer-range operations to "more distant markets and destinations", starting with India early next year. Aegean has also previously identified the Seychelles, the Maldives, Nairobi, Almaty and Lagos as potential destinations. This year, the carrier is set to receive six new aircraft, with three A320/321neos already delivered, plus two more A320/321neos and one ATR 72-600 expected before year-end. Over the next 24-28 months, it also expects the cycle of accelerated inspections of its Pratt & Whitney GTF engines to end, gradually returning all the new aircraft it has received to full operational capacity. Fleets data lists it as having 12 A320neo aircraft in storage. Returning to its full fleet should positively impact its unit costs and growth potential, Aegean notes. "Our approach remains careful and consistent," Georgianna's adds, "preserving both the momentum and creativity of our organisation, while ensuring stability and delivering value to our shareholders, employees, and, of course, our passengers."

Qantas and Malaysia Airlines have announced a new two-way codeshare deal that will increase passenger connectivity between Australia, Malaysia and Singapore. Under the deal Qantas will apply its code on Malaysia Airlines services from Australia to Kuala Lumpur, between Singapore and Kuala Lumpur, and on selected domestic flights within Malaysia. The Australian carrier adds that the Kuala Lumpur-Singapore codeshare restored "connectivity between the cities for Qantas customers following the closure of Jetstar Asia". In turn, Malaysia Airlines will add its code on some Qantas domestic services to destinations including Canberra, Darwin, Hobart and Launceston. The codeshare is expected to commence from 26 October, subject to regulatory approvals. Malaysia Aviation Group managing director Izham Ismail says that the partnership is an important step forward in the development of its Australian market. “Australia has long been a core part of our network, and our recent investments – including the deployment of the A330neo, increase in flight frequencies, and the resumption of services to Brisbane – reflect our commitment to meeting growing demand while enhancing our premium offering in this market," he says. Both Qantas and Malaysia Airlines are Oneworld alliance members.