All Strategy news – Page 26
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NewsQantas appoints finance chief as new CEO
Qantas has appointed finance chief Vanessa Hudson as its new airline CEO, making her the first female leader in its 103-year history, and ending months of speculation over the carrier’s leadership succession plans.
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NewsCanada’s Cargojet posts $30.5m Q1 profit amid ‘softer economic conditions’
Canadian operator Cargojet Airways posted a C$30.5 million ($22.5 million)profit amid “softer economic conditions” during the first three months of 2023, compared with a C$56.4 million loss during the first quarter of last year.
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NewsAir Canada’s pilots vote to join pilot union ALPA
Air Canada’s pilots have decided to join much larger pilot union Air Line Pilots, International (ALPA).
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NewsWestJet completes acquisition of competitor Sunwing
Canadian airline company WestJet Group has acquired competing discount carrier Sunwing Airlines, completing a deal that had raised competitive concerns but that WestJet insists will benefit travellers.
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NewsChina’s ‘Big Three’ shave Q1 losses as ‘zero-Covid’ eases
China’s three largest carriers dramatically slashed their red ink in their first quarterly earnings since Beijing eased much of its ‘zero-Covid’ curbs.
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NewsPortugal mandates TAP assessments ahead of privatisation push
Portugal’s government is commissioning two independent assessments of TAP Air Portugal as a precursor to the formal launch of the flag carrier’s privatisation.
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NewsStarlux marks long-haul foray with inaugural Los Angeles flight
Taiwanese operator Starlux Airlines has begun trans-pacific flights to Los Angeles, as it eyes opportunities in the North America-Asia transit market.
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NewsSkyWest misses Q1 profit, ‘making good headway’ on pilot shortage
The carrier may have turned a corner on losing pilots to major US carriers – many of which it contracts with.
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NewsCharter business helps drive Sun Country's first-quarter profit
Sun Country Airlines posted a $38 million profit in the first quarter of 2023, driven partly by the increasing strength of its charter business.
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NewsSouthwest loses $159m in Q1, cuts 2023 capacity expectations
Southwest Airlines still feels lingering effects from its December 2022 operational meltdown and is now feeling squeezed by Boeing aircraft delivery delays.
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NewsAmerican posts Q1 profit of $10m amid ‘dynamic’ air travel demand
American Airlines posted a profit of $10 million – its first first-quarter profit in four years – as demand for air travel remained “dynamic”.
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NewsletterWill there be enough clean energy to produce future fuel for airlines?
A report published this week highlights the huge amount of new infrastructure and investment required to ensure there will be enough clean energy to produce the alternative fuels that will power the aviation sector towards decarbonisation.
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NewsAgeing freighters face fallout from reduced air cargo demand
Older freighters are being grounded as a result of ongoing reduced demand and increased capacity in the air cargo sector, according to Sander Schuringa, manager of market intelligence at Seabury Cargo.
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NewsFinnair cautious on post-summer demand as it welcomes small Q1 profit
Finnair highlighted uncertainty about the durability of high passenger demand as it reported its third consecutive quarterly operating profit amid a strategic overhaul of the business.
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NewsAirlines are maintaining focus on air cargo: IATA chief
Airlines are maintaining the focus on air cargo that they gained during the Covid-19 pandemic, according to IATA director general Willie Walsh.
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NewsAir China to sell eight A330s to cargo unit in fleet rejig
Air China is to sell eight Airbus A330-200s to its cargo unit Air China Cargo in a deal worth up to $114 million, as part of fleet optimisation efforts and to “improve the economic benefits” of aircraft disposal.
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NewsAirAsia units ramp up international capacity amid ‘sustained demand’
AirAsia Aviation carriers see “sustained demand” in international travel demand amid a significant capacity ramp-up in the first quarter of the year, including resuming flights to Mainland China.
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NewsHong Kong Airlines restructuring gets underway; network, fleet ‘realignment’ to come
Hong Kong Airlines (HKA) expects to undertake a network and fleet “realignment” in the near term, as part of business recovery efforts after it secured investment for its restructuring.
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NewsAvianca fires back at Aerocivil for ‘unfeasible conditions’ on Viva acquisition
Colombian airline Avianca has sharply criticized a decision by the country’s civil aviation regulator on it’s planned acquisition of now-defunct Viva Air.
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NewsSpirit loses $104m as first quarter costs outpace surging revenue
US low-cost carrier Spirit Airlines reports a $104 million loss for the first quarter of 2023, compared with a $195 million loss during the same period last year.