Monday, 19 August, 2019

TUI profits collapse as Boeing 737 MAX ban bites

TUI says robust business outweighs 737 MAX grounding upholds outlook The TUI logo is displayed on a computer screen in LondonMore
Russell Knight | 14 August, 2019, 02:28

Norwegian announced Tuesday that it is discontinuing transatlantic routes originally operated by the Boeing 737 Max aircraft this September - which includes T.F. Green Airport and multiple locations in the northeast.

"Since March, we have tirelessly sought to minimise the impact on our customers by hiring, so called wet leasing, replacement aircraft to operate services between North America and Ireland". The strong passenger numbers that used these services at Shannon, however, proved once again the vibrant market there is for transatlantic flights in and out of this region.

"The ITAA is extremely disappointed by the news that three transatlantic routes to Ireland are being discontinued", he said.

Underlying third quarter core earnings fell 46% year-on-year to €100.9m (£93.7m), with a charge of €144m relating to costs from groundings of Boeing's 737 MAX jet after two fatal crashes this year.

Responding to the announcement Mary Considine, acting CEO of the Shannon Group, said: "We are disappointed that Norwegian Air International will cease all transatlantic services into Irish airports, including Shannon, from September 15".

Following two airplane crashes within months in Indonesia and Ethiopia caused by software problems of the 737 Max 8's emergency system leaving 346 people killed, all aircraft of this type were banned from flying by countries around the world.

Iranian reports claim tanker seized by British marines will be released TODAY
Tehran responded to the move in tit-for-tat fashion, detaining a British-flagged tanker in the Strait of Hormuz two weeks later. But Iran's semi-official Fars news agency quoted unidentified Gibraltar authorities as saying that it will be freed tonight.

Perseid Meteor Shower Can Be Observed Tonight
According to NECN , the sky can flaunt from 50-100 meteors per hour, but the moon will adversely affect this year's show. Perseid meteors often leave long "wakes", or trails of light and color, behind them, making for a spectacular show.

Remove false teeth before general anesthetic, doctors warn
A "metallic semicircular object" was covering his vocal cords, "completely obstructing their view", the report said. As tests revealed the bleeding had stopped, he was sent home, only to reappear 10 days later with the same problem.

The temporary measure to ground planes will now become permanent as Norwegian Airlines attempts to reduce flights that create losses and increase profitability. The decision put in doubt any hope that Norwegian would add a Cork to NY flight. "Fly has already leased all of its B737s this year so we don't have any available", Barrington said, "Based on airline inquires, we are seeing strong demand for B737-800s in particular, which is likely to be reflected in higher re-lease rates for the type this year".

The airline said it would refund customers who no longer wished to travel from Ireland to the United States and Canada via other destinations.

Norwegian Air is in discussion with its 48 pilots and 86 cabin crew, at its Dublin base, about their future.

In a statement, Cork Airport said they were disappointed with the news.

NA became an innovative company due to operating low-priced long-haul transatlantic travel in 2014.

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