All Strategy news – Page 15
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NewsIcelandair sees second-quarter profit fall as seismic activity hits demand
Icelandair Group eked out a small profit during the second quarter as it shifted more of its network towards lower-yielding transatlantic connections amid the impact of seismic activity on demand for travel to Iceland.
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NewsAlaska avoids US airline industry’s second-quarter stumbles
With much of the US airline industry seeking but not finding profitability, Alaska Air Group reports a second-quarter profit of $220 million as the carrier’s premium offerings set it apart from struggling discounters.
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NewsUnited’s second-quarter profits soar as competitors struggle
The major US carrier’s profits increased 23% to $1.32 billion during the second quarter, driven by diverse revenue sources and what it expects to be the “best unit revenue performance” among its major airline peers.
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NewsAlaska and Hawaiian request transfer of international route authority
The carriers are requesting the transfer of Hawaiian’s international route authority to potential parent company Alaska Air Group.
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NewsRex ex-boss mounts bid to clear airline board
The former boss of Australia’s Regional Express (Rex) is attempting to oust most the airline’s board, in a surprise move that comes a month after he stepped down from its leadership team.
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NewsDelta and Riyadh Air reveal intention to build intercontinental joint venture
Delta Air Lines has a formed a new strategic partnership with Saudi Arabia’s Riyadh Air, with the major US airline and yet-to-launch carrier building toward an eventual joint venture.
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NewsSouthwest adds Rakesh Gangwal as board director in face of leadership criticism
Facing investor criticism for having a too-insular board of directors, Southwest Airlines has added longtime airline executive Rakesh Gangwal to the group it believes will guide it back to “enduring profitability”.
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NewsSingapore approves SIA-Garuda commercial joint venture
Singapore’s competition regulators have allowed Singapore Airlines and Garuda Indonesia to deepen their strategic partnership as part of a commercial joint venture agreement.
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NewsITA performance ahead of business plan: Spohr
Italian carrier ITA Airways is performing ahead of the business plan drawn up last year as Luthansa Group prepares to take a stake in the airline.
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NewsAirAsia’s A321neo deliveries resume after pandemic hiatus
Thai AirAsia has taken delivery of a new Airbus A321neo, marking the resumption of aircraft deliveries for the AirAsia Group after a hiatus of close to four years.
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NewsLufthansa aims to close ITA deal in fourth quarter
Lufthansa Group expects to close its deal to acquire a 41% stake in ITA Airways in the fourth quarter after securing conditional European Commission clearance for the transaction.
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NewsLufthansa secures conditional regulatory clearance for ITA deal
Lufthansa Group has secured approval from the European Commission for its proposed progressive acquisition of ITA Airways after agreeing concessions to satisfy the regulator’s competition concerns over the tie-up.
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NewsTarom to lease pair of Max 8s from CDB Aviation
Romanian carrier Tarom has agreed to lease a pair of Boeing 737 Max 8s from Irish lessor CDB Aviation, with the initial aircraft to arrive in late 2025.
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NewsSpirit Airlines adds Fred Cromer as chief financial officer
US ultra-low-cost carrier Spirit Airlines has named Fred Cromer as its chief financial officer, tasking him with helping the company chart a profitable course forward.
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NewsNew Pacific Airways chief executive Rob McKinney abruptly leaves post
Rob McKinney, chief executive of Alaskan regional airline Ravn Alaska and floundering start-up carrier New Pacific Airways, has left the group effective immediately.
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NewsWestJet maintenance workers withdraw strike action
WestJet’s mechanics and technical employees have agreed to withdraw strike action and return to work while their union, the Aircraft Mechanics Fraternal Association (AMFA), negotiates a new contract with the company.
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PodcastAirline Business Podcast: Is the airline industry recovery still on track?
In the latest episode – sponsored by Panasonic Avionics – Graham and Lewis discuss the industry outlook following the recent IATA AGM in Dubai, including an improved profit forecast from the association.
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NewsSwiss names Lufthansa Group manager Jens Fehlinger as its new CEO
Swiss International Air Lines has named Lufthansa Group manager Jens Fehlinger as its new chief executive beginning on 1 October.
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News‘Sporadic, delayed’ funding doomed Bonza, administrator’s report finds
Bankrupt Australian carrier Bonza received funding from parent company 777 Partners “sporadically” even as it racked up significant losses in its first year of operations, the firm’s administrators have disclosed.
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NewsSlow-to-pivot Southwest lowers second-quarter revenue outlook
Major US carrier Southwest Airlines lowered its revenue outlook for the second quarter on 26 June as it seemingly acknowledged that it did not react to the current demand environment quickly enough.