All Strategy news – Page 15
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NewsEmirates surges back to profit
Profits at Dubai-based Emirates Group have soared to record levels for the year ended 31 March 2023, hitting Dhs10.9 billion ($3 billion), reversing two consecutive years of pandemic-driven losses.
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News'Healthy demand' boosts Copa's first-quarter profit to $122 million
Copa Holdings, the parent of Panama’s Copa Airlines reported a profit of $122 million, up more than one-third from the same quarter in pre-pandemic 2019, driven by “healthy demand”.
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NewsLong aircraft maintenance turnaround times contribute to GlobalX’s Q1 loss
South Florida start-up carrier Global Crossing Airlines (GlobalX) reported a modest first-quarter loss of $6 million as long turnaround times for heavy maintenance kept some of its aircraft grounded throughout the period.
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NewsJet2 puts first A321neo into service
Jet2’s first Airbus A321neo has entered service, marking the beginning of its shift away from operating a Boeing-dominated fleet.
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NewsAvianca will decide this week whether to pursue Viva buy: CEO
Colombian carrier Avianca could decide this week whether to continue pursuing its planned acquisition of low-cost domestic competitor Viva Air, which stopped flying in February due to financial difficulties.
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NewsAvianca’s first-quarter revenue jumps as overhaul continues
Colombian carrier Avianca continued its business transformation during the first quarter of 2023, with its revenue jumping 13.5% year-on-year.
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NewsVirgin Atlantic cuts losses but pushes profit return to 2024
Virgin Atlantic now does not expect to return to the black until 2024 after today disclosing a pre-tax loss of £206 million before exceptionals for 2022.
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NewsEU court annuls Lufthansa and SAS state aid approvals after Ryanair complaints
The European General Court has annulled the European Commission’s approval of state aid provided to Lufthansa and SAS during the Covid-19 crisis.
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NewsPhilippine Airlines selects nine A350-1000s for long-haul operations
Phillippine Airlines (PAL) has committed to nine A350-1000s that it will use on ultra-long-haul flights to North America and Europe.
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NewsMalaysia’s MYAirline picks Bangkok as first international point
Malaysian start-up MYAirline will launch twice-daily flights to Bangkok from end-June, marking its foray into international operations more than half a year after it launched.
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NewsAir NZ to make multi-billion dollar investments in new jets, refurbishments
Air New Zealand is set to make significant investments in its fleet, capacity and marketing over the next five years, as the airline closes in on pre-pandemic recovery.
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NewsMesa Airlines posts $35m fiscal Q2 loss amid ‘tough’ transition
US regional carrier Mesa Airlines reported a loss of $35.1 million during its fiscal second quarter of 2023, as the airline worked to cut ties with longtime partner American Airlines in favour of a new deal to fly on behalf of United Airlines.
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NewsChorus Aviation posts C$32m Q1 profit on strong demand for regional jets
Canada’s Chorus Aviation reported a profit of C$32 million ($23.9 million) during the first quarter of 2023, boosted by parts sales and strong demand for its regional aircraft leasing business.
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NewsAirlines criticise Biden Administration’s airline customer-rights plan
The air transport industry has criticised the US government’s plan to require compensation for flight delays and cancellations.
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NewsPilots flying for Canada’s Lynx Air request to join ALPA
An “overwhelming majority” of pilots with Canadian start-up carrier Lynx Air have filed membership cards requesting to join the world’s largest pilots’ union – the Air Line Pilots Association, International (ALPA).
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NewsUS seeks to require airlines compensate passengers for some delays and cancellations
The US Department of Transportation (DOT) wants to require airlines to provide certain accommodations to passengers affected by flight delays and cancellations caused by factors within airlines’ control.
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NewsJet Airways relaunch hits snag as CEO-designate bows out
The relaunch of India’s Jet Airways – already delayed because of legal woes – faces further uncertainty after CEO-designate Sanjiv Kapoor resigned from the airline.
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NewsNew regional carrier Bermudair plans to launch Bermuda-to-USA operation
Start-up regional airline Bermudair is planning to fly from Bermuda to three US cities in Florida, Massachusetts and New York, starting with two Embraer 175s.
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NewsAmerican Airlines vice-chair Derek Kerr to retire
American Airlines vice-chair and president of regional subsidiary American Eagle Derek Kerr will retire in September.
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AnalysisAir France-KLM upbeat over summer outlook but Schiphol cloud remains
Over the course of the shared years since Air France and KLM came together it has always been the French carrier whose challenges have dwarfed those of its Dutch partner.