Finnair pilots to strike in December
November 26, 2024
Finnair has decided to cancel about 300 flights in response to the Finnish Air Line Pilots' Association strike planned for 9 and 13 December. The Oneworld carrier says the strike will also impact some individual flights in the days before and after these dates, and estimates that 33,000 customers will be affected. Customers will be rerouted but "it is not possible to offer everyone a rerouting that is close to the original", warns Finnair. "It is disappointing that the Finnish Air Line Pilots' Association has chosen to strike rather than negotiate," states chief operating officer Jaakko Schildt. "This unfortunately disrupts the travel plans of thousands of our customers during the pre-Christmas season."
Copa expects delivery of two more Max 8s this year and 11 in 2025
November 25, 2024
Copa Airlines' final two scheduled 737 Max 8 deliveries for this year have been postponed, but the carrier still expects to receive them by year-end. The Panamanian carrier took delivery of one Max 8 during the third quarter. Sources data shows that this year through 21 November, Copa has received from Boeing three Max 9s and one Max 8. It has 21 Max aircraft on order. "Due to delays in Boeing's delivery schedule, the arrival of our last two aircraft for the year was postponed by a few months," Copa chief executive Pedro Heilbron said on 21 November during an earnings call. "Nonetheless, we still expect to receive two 737 Max 8s before year-end, one at the end of this month, and one in December. These two deliveries will bring our fleet to a total of 112 aircraft by the end of the year." He adds that Boeing has updated its 2025 delivery schedule to account for the recent delays. "We now plan to receive 11 Max 8s next year, to end the year with a fleet of 123 aircraft. This delivery schedule has production ramp-up assumptions that will need to materialise, so actual aircraft deliveries could change." Heilbron notes that aircraft delivery delays and supply-chain issues encountered by aircraft and engine manufacturers, and by maintenance companies, is "a complicated matter" for the all-737 operator. "It's not like we have that many options," he says. "We have bought some aircraft off-lease. We're staying with some 737-700s we were expecting to return. And we have even bought spare engines ahead of time. We're very, very practiced in securing parts in the marketplace, even though we have contracts with OEMs that are supposed to cover us." Copa's fleet of 100 aircraft – all of which are in service – includes nine 737-700s with an average age of 21.1 years, sources data shows.
Air New Zealand engine woes to weigh on first half profit
November 25, 2024
Air New Zealand expects its first half profit to fall by up to 35% as the engine issues plaguing its Airbus A321neos and Boeing 787-9s continue to weigh on its bottom line and are expected to persist into 2026. The Star Alliance carrier issued guidance on 25 November that it expects its earnings before interest and tax for the six months to December 2024 to come in at NZ$120-NZ$160 million ($70.3-$93.8 million). That compares to a pre-tax profit of NZ$185 million for the corresponding six-month period a year ago. The guidance includes around NZ$10 million of unused travel credit breakage and NZ$30 million in compensation from engine manufacturers, plus a NZ$20 million gain on the sale-and-leaseback of four A320s. The carrier states that up to six A321neos have been out of service during the first six months of the 2025 fiscal year due to Pratt & Whitney's enhanced inspections of their geared turbofan engines, while up to four 787s have been grounded for maintenance on their Rolls-Royce Trent 1000 engines. "Based on current assumptions and recent discussions with engine manufacturers, the airline does not expect these availability issues to ease until early 2026. However, the airline continues to explore all options to improve capacity including further aircraft leases," it adds. More positively, the airline notes that there are "early signs of recovery in corporate travel" though government travel demand remains subdued. "Targeted reductions in competitive capacity on the North American market over the peak Northern Winter season have also been noted," it states. Air New Zealand did not provide full-year guidance, which is expected to be released when its half-year results come out in late February.