All Strategy news – Page 14
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NewsClark still gets ‘real buzz’ from leading Emirates after delaying retirement
Long-serving Emirates president Tim Clark still gets a “real buzz” from the ”herculean project” of running the Middle Eastern giant, years after he delayed his retirement.
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News‘Finally out of the woods’: AirAsia X sheds financially distressed status as profits double
AirAsia X has shed its financially distressed status following an appeal, as it improved its third-quarter earnings on the back of strong passenger recovery.
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NewsUS Court approves SAS’ investment agreement with Castlelake consortium
A US court has approved Scandinavian operator SAS’ entry into a formal investment agreement with Castlelake, Air France-KLM, the Danish government and financing company Lind Invest.
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NewsFrontier seeks further foothold in Midwest USA with trio of planned crew bases
Seeking to bolster its presence in the Midwest USA, ultra low-cost carrier Frontier Airlines plans to open crew bases in Chicago, Cleveland and Cincinnati early next year.
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In depthBattered but not beaten: air cargo’s turbulent descent from Covid-era highs
Less than two years ago the air cargo sector was still enjoying its Covid-era high, with executives keen to embrace the chance to leverage its elevated status against the struggling passenger side of the industry. But things feel very different as 2023 comes to a close.
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NewsIAG eyes operating margin of 12-15% in medium-term
British Airways and Iberia parent IAG has set itself a medium-term profits target of delivering an operating margin of 12-15%.
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NewsHeathrow ‘actively reviewing’ expansion options under new CEO
London Heathrow airport is reviewing its long-term expansion options, including the possibility of building of a third runway.
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NewsConnect Airlines vows to appeal DOT decision to revoke certificate
The US Department of Transportation (DOT) has revoked certificate authority from Waltzing Matilda Aviation, the Massachusetts company that owns start-up regional carrier Connect Airlines.
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NewsCompetition regulator warns Norwegian it is considering blocking Wideroe merger
Norway’s competition regulator has notified Norwegian that it is considering blocking its planned acquisition of domestic carrier Wideroe.
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NewsletterDubai air show underlines Middle East carrier growth ambitions
While Emirates and Flydubai made headlines with a series of major expansion announcements at the event, the Dubai air show underlined that growth is on the agenda for operators across the region – even those that did not order new metal over this week.
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In depthAirline Business Covid-19 recovery tracker: November 2023 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsSouth Korean LCCs swing to Q3 profit as international travel demand climbs
South Korean low-cost operators T’way Air, Jin Air and Jeju Air continued a profitable streak in their third-quarter earnings, helped by strong international travel demand.
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NewsCopa posts 61% higher Q3 profit as demand climbs
Copa Holdings, the parent company of Copa Airlines, reported a third-quarter profit on higher demand and stable expenses, as the cost of jet fuel fell by one-fifth.
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AnalysisEtihad chief sees carrier entering third decade with renewed growth opportunity
While Etihad Airways has kept a relatively low profile in terms of aircraft orders at this week’s Dubai air show, the long-awaited opening of a brand-new terminal at its Abu Dhabi home and a renewed growth mandate means the airline is back on the front foot after a period of consolidation
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NewsSingapore Airlines, Philippine Airlines enter into codeshare agreement
Singapore Airlines has entered into a codeshare agreement with Philippines Airlines, adding to its growing list of regional partners.
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NewsKorean Air, Asiana see drop in profit amid rising costs, cargo weakness
South Korea’s two largest carriers reported a decline in their third-quarter profits, as a jump in operating costs outpaced a rise in revenues from increased passenger traffic.
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NewsCargojet names co-chief executives to succeed Ajay Virmani
Canada’s Cargojet has named two long-time members of its C-suite team as co-chief executives, with current CEO Ajay Virmani to become executive chairman.
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NewsAzul reports record adjusted profit as fleet transition pays off
Brazil’s Azul earned a R1.6 billion ($319 million) adjusted third-quarter operating profit as passenger and cargo demand remained strong during the traditionally weaker southern hemisphere winter season.
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InterviewWhy start-up Play is not rushing for growth despite reaching profit landmark
Icelandic budget carrier Play turned its first profit in the third quarter after a bright summer, but two and half years into the project, chief executive Birgir Jonsson is making sure the airline does not drift away from the basics
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NewsEtihad’s Neves sees aircraft shortage as key challenge
Etihad Airways chief executive Antonoaldo Neves believes supply chain challenges are likely to remain an issue impacting aircraft availability for the next two or three years, as the Abu Dhabi carrier embarks on its third decade with a fresh growth vision.