All Strategy news – Page 19
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NewsLufthansa submits bid for ITA Airways as it seeks exclusive talks
Lufthansa has submitted an offer for ITA Airways under which it aims to secure a deal to initially acquire a minority stake in the Italian carrier with an option to take full ownership at a later date.
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Air Serbia follows return to profit with Qatar Airways codeshare
Air Serbia will next month begin codesharing with Gulf carrier Qatar Airways, building on an existing interline agreement.
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Ryanair chief keener on organic growth than ‘pain in the arse’ acquisitions
Ryanair is likely to focus on organic growth in the coming years, having found its acquisitions to be “a pain in the arse”, according to group chief executive Michael O’Leary
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United reports first full-year profit since 2019
United Airlines earned a profit of $737 million in 2022, the first time since 2019 that it ended the year in the black.
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Southwest downplayed ‘serious issues with technology’ to shareholders: class-action lawsuit
A class-action lawsuit has been filed on behalf of shareholders of Southwest Airlines based on allegations that the company downplayed the potential for its ageing crew-scheduling software to derail its nationwide operations.
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Bookings and fares strong despite consumer spending concern: Ryanair chief
Bookings and fares are proving resilient to Europe’s economic challenges, according to Ryanair group chief executive Michael O’Leary
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Government sale concerns put Mango rescue deal at risk
Administrators at grounded South African budget carrier Mango Airlines have warned that a deal to secure new investors may have to be abandoned after concerns raised by the national government.
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Chinese majors to delist from NYSE in February
Two of China’s three largest carriers are to delist from the New York Stock Exchange (NYSE), citing the limited number of shares traded and the sufficiency of its existing listings in Shanghai and Hong Kong.
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US lawmakers ’seeking answers’ for Southwest’s holiday ‘debacle’
Southwest Airlines is still in hot water, as 15 Democratic senators have signed a 13 January letter to CEO Bob Jordan demanding a detailed explanation of the carrier’s performance during the 2022 holiday travel period.
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Delta ‘not going to get ahead of ourselves’ on China routes: CEO
Delta Air Lines plans to hold back on restoring its flight network to China as it assesses demand following that country’s lifting of all Covid-19-related travel restrictions earlier this month.
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Delta turns $1.3bn profit in 2022 as expenses balloon
Delta Air Lines’ profit surged in 2022 to $1.3 billion, up significantly year-on-year but still depressed from the Atlanta-based carrier’s profit in pre-pandemic 2019.
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Newsletter
Aircraft maintenance delays threaten to become 2023 theme
Kenya Airways this week became the latest airline to bemoan the impact of MRO delays on its ability to operate a full schedule – a global trend that could weigh on airline capacity in 2023.
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Air Canada shakes up senior management team
Lucie Guillemette plans to retire from her position as executive vice-president of Air Canada at the end of April, marking the end of a 36-year career with the carrier.
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Australian LCC startup Bonza awarded AOC
Australian low-cost operator Bonza has been awarded its air operator’s certificate, paving the way for an imminent launch after lengthy delays.
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Optimistic Hong Kong Airlines targets return to pre-pandemic capacity by 2024
Hong Kong Airlines (HKA) expects to return to pre-pandemic capacity by mid-2024, as it restarts hiring following what it calls a “rapid recovery” in air travel demand.
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Alaska Airlines plans to add 3,500 employees in 2023
Alaska Airlines plans to hire some 3,500 employees for a variety of roles in 2023 – including pilots, flight attendants and customer service agents – to keep pace with its rapidly growing fleet.
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Spirit pilots approve new two-year deal with $463m pay gain
Spirit Airlines pilots voted on 10 January to approve a new two-year union contract that could be renegotiated if the airline’s pending acquisition by rival discount carrier JetBlue Airways collapses.
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Play picks secondary Toronto airport for first Canada flights
Icelandic low-cost carrier Play will serve its first Canadian destination from June, when it launches service to one of Toronto’s secondary airports.
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Global demand for air cargo tailing off: IATA
Global demand for air cargo “softened” in November 2022, the most recent month of data, as carriers continued facing economic headwinds and the pandemic-related cargo boom lost steam.
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Southwest estimates loss of at least $725m from holiday meltdown
Southwest Airlines estimates losing between $725 million and $825 million due to its nationwide operational meltdown over the busy end-of-year travel period, and warned investors that it anticipates a net loss in the fourth quarter of 2022.
