All Strategy news – Page 24
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News
Avianca’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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News
Virgin 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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News
EU 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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Philippine 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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News
Malaysia’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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News
Air 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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News
Mesa 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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News
Chorus 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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News
Airlines 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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News
Pilots 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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News
US 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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News
Jet 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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News
New 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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News
American 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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Analysis
Air 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.
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News
Air France-KLM keeping partner options open for Latin market
Air France-KLM is still studying long-term partnership options in both Europe and South America to bolster its position in the Latin American market.
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News
IAG reports Q1 operating profit as leisure demand gives it summer confidence
British Airways and Iberia parent IAG saw stronger-than-expected performances from all of its airlines in the first quarter of 2023, as buoyant leisure demand helped the European group to achieve a small operating profit during what is a seasonally weak three months.
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News
Iberia names temporary chief executive
Spanish airline Iberia has named Fernando Candela Perez as its new chairman and chief executive, effective from July through to the end of 2023, following Javier Sanchez-Prieto’s decision to step away from the business.
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News
Air France-KLM narrows loss as revenues surge in first quarter
Air France-KLM posted an operating loss of €306 million ($338 million) for the first quarter on revenue 42% higher than the same stage of last year at €6.33 billion.
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News
Australian watchdog blocks Virgin Australia-Alliance partnership renewal
Australia’s competition watchdog has rejected an extension of a charter partnership between Virgin Australia and Alliance Aviation, following a six-month consultation period in which it found low support for a continued alliance.