All Strategy news
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News
SIA Group has ‘levers we can pull’ to manage delivery delays: CEO
Singapore Airlines Group has contingency plans in place in light of aircraft delivery delays, such as with Boeing’s 777X programme, says chief executive Goh Choon Phong.
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News
Yield and competition pressure hits SIA Group profits in first half
Singapore Airlines Group reported a significant drop in its half-year profit – from the previous year’s record high – as it flags a “moderation” in passenger yields from “strong” competition.
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Airline Business
New chief Greg Anderson wants to restore ‘Allegiant of old’ and grow out-and-back network
Recently installed chief executive Greg Anderson, who has stepped into the shoes of longtime CEO Maurice Gallagher, recently told Airline Business in Las Vegas that the carrier finally sees a path forward.
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News
Dutch challenges evident as Air France-KLM profits fall
Air France-KLM saw its third-quarter earnings impacted by a higher-than-expected cost increase at its Dutch operation, as it gave further details on the “firm measures” it is taking to tackle what it describes as a “structural” challenge
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News
Gol reaches debt-equity deal with Abra Group for Chapter 11 exit plan
Brazil’s Gol and Abra group, the airline’s majority investor, have reached an agreement that will eliminate up to $2.55 billion in debt from the carrier’s books.
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News
LATAM Airlines Group lifts outlook after third-quarter profit rises to $301m
LATAM Airlines Group profit during the third quarter of 2024 rose to $301 million as the company managed to hold costs in check and profited from greater demand for air travel.
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News
Korean Air sees 19% profit jump amid cargo, passenger revenue boost
Korean Air significantly bettered its quarterly profit after “successful” passenger capacity expansion, with its cargo operations again providing a significant boost to its earnings.
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News
Southwest appoints Rakesh Gangwal as board chair
Southwest Airlines on 4 November disclosed the appointment of Rakesh Gangwal as independent chair of the company’s board of directors, filling the role left vacant by former executive chairman Gary Kelly.
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News
Investment firm to acquire air cargo company ATSG for $3.1 billion
New York investment firm Stonepeak has signed an agreement to acquire US air cargo and aircraft leasing company Air Transport Services Group (ATSG) for $3.1 billion under a deal that would make ATSG a private company.
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News
ANA parent sticks to full-year outlook despite dip in six-month profit
ANA Holdings has maintained its full-year earnings forecast amid strong inbound and domestic passenger travel demand, even as its half-year profit slipped.
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News
Higher fares ‘inevitable’ as KLM slams Schiphol charges increase
Home carrier KLM has hit out at a hike in fees at Amsterdam Schiphol airport, increases it says will make it inevitable that ticket prices will rise.
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News
Spirit Airlines to furlough further 330 pilots to match drastic capacity cuts
Spirit Airlines plans to furlough a further 330 pilots early next year as it navigates a period of severe financial turbulence.
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News
Walsh warns aviation supply chain issues could last up to five more years
IATA director general Willie Walsh says that supply chain issues in the aviation industry will continue for up to five more years, causing frustration among airline managers and further pushing back a full post-Covid-19 recovery.
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News
‘Frustrating’: JetBlue executives unable to finalise post-2025 plan due to P&W recall
JetBlue Airways has yet to finalise its business plan after 2025 due to what executives describe as a frustrating lack of detail about the long-term operational impact of Pratt & Whitney’s (P&W) ongoing recall of PW1000G engines.
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News
Frontier’s network and capacity changes start to show in profitable third quarter
Company executives say Frontier Airlines’ network and passenger-capacity pivots are already paying off as parent Frontier Group Holdings posted a modest third-quarter profit of $26 million.
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News
JetBlue swings to $60m third-quarter loss but points to improving financial trends
JetBlue Airways lost $60 million in the third quarter of 2024 but insists its turnaround plan is yielding results, citing improving cost and revenue trends.
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News
Emirates to explore wider partnerships with Vietnam Airlines, Vietjet
Emirates has signed two separate memorandums of understanding with Vietnamese operators Vietnam Airlines and Vietjet, as it looks to grow its presence in the Southeast Asian nation.
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Airline Business
IndiGo chief points to GTF peak and 2030 progress after first loss in two years
Two years into his tenure at IndiGo and Pieter Elbers is back where he started, describing a loss-making fiscal second quarter for the Indian low-cost carrier.
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News
Loss-making IndiGo calls peak of GTF groundings
IndiGo believes groundings of its Airbus A320neo-family aircraft for inspections of their Pratt & Whitney geared turbofan (GTF) engines is likely to have peaked in the mid-70s during its fiscal second quarter.
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News
Norwegian growth plans hit as Boeing delivery delays lengthen
Norwegian has cut its forecast capacity growth for 2025 as it recalibrates its plans to absorb the impact of worsening Boeing delivery delays.