All Strategy news – Page 3
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News‘Infuriating’: Hawaiian’s CEO blasts Pratt’s PW1100G response as airlines plan to ground more jets
Hawaiian Airlines’ chief executive has taken issue with how RTX and subsidiary Pratt & Whitney (P&W) apparently plan to handle its massive recall of PW1100G geared turbofans (GTFs), which power Hawaiian’s Airbus A321neos.
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NewsSpirit reduces Q3 revenue forecast due to fuel cost bump
Ultra-low-cost carrier Spirit Airlines has become the latest US airline to lower its third-quarter revenue forecast based on higher-than-expected fuel costs.
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NewsInflation's 'biggest spike is behind us': Alaska Airlines CFO
Still facing cost increases on some fronts, Alaska Air Group's leadership believes it has successfully navigated the worst of industry-wide inflation related to the Covid-19 pandemic.
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In depthAirline Business Covid-19 recovery tracker: September 2023 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsJetBlue decries ‘startling switch in positions’ in federal antitrust lawsuits
JetBlue Airways has accused the US Department of Justice of “taking inconsistent positions” in respective lawsuits to break up JetBlue’s Northeast Alliance with American Airlines and block its proposed acquisiton of Spirit Airlines.
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NewsJetBlue commits some Spirit assets in Northeast USA and South Florida to Allegiant
JetBlue Airways has entered a second divestiture agreement with a rival low-cost carrier – this time, Allegiant Air – as part of its bid to acquire Spirit Airlines.
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NewsNorthern Pacific Airways to rebrand itself as New Pacific Airlines
US start-up carrier Northern Pacific Airways plans to rebrand itself as New Pacific Airlines rather than fight a trademark lawsuit.
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NewsGlobalX lands deal for financing and construction of new South Florida MRO hangar
US charter carrier GlobalX has reached an agreement with Sheltair Aviation for the financing and construction of a new maintenance facility in South Florida that will support the airline’s fleet growth plan.
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NewsletterStrong air travel recovery tainted by government capacity caps: IATA
IATA’s latest data for the peak northern hemisphere travel month of July reflects the industry’s continued strong recovery from the Covid-19 pandemic, but it came with a warning about the impacts of government moves to cap capacity at several airports.
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NewsAegean Airlines eyes full-year profits high after strong second quarter
Greek carrier Aegean Airlines expects to post record full-year profits for 2023 after disclosing pre-tax earnings for the second quarter of €67.3 million ($72.2 million).
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NewsWestJet appoints board members Cruz and Smith as vice-chairs
The WestJet Group has appointed longtime airline executives Alex Cruz and Ben Smith as vice-chairs of its board.
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NewsUS carriers adjust Q3 expectations due to surging fuel costs and extreme weather
US airlines are adjusting their third-quarter financial expectations in response to higher-than-anticipated fuel costs and extreme weather events that have disrupted operations throughout North America.
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NewsHawaiian revises Q3 earnings expectations down due to engine issues and Maui wildfire
Hawaiian Airlines has adjusted its third-quarter earnings expectations down following issues with its Pratt & Whitney engines and a devastating wildfire on the island of Maui that reversed the carrier’s third-quarter earnings trends.
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NewsUnited briefly grounds departures nationwide due to ‘technology issue’
A “technology issue” halted the departure of all United Airlines flights nationwide on the last day of the traditionally busy Labour Day holiday long weekend, and the end of the northern hemisphere’s summer travel season.
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NewsLufthansa plots growth for rebranded leisure unit Discover Airlines
Lufthansa Group has dropped the Eurowings name from its newest leisure unit as part of a rebranding which will support Discover Airlines’ growth with six more aircraft over the coming year and expansion at Munich airport.
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PodcastAirline Business Podcast: Strong financials, market ‘normalisation’ and start-up stories
Graham and Lewis look back on another strong set of quarterly results from the global airline industry, while considering whether the coming months will see ‘normalisation’ in more markets.
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NewsJet2 appoints chair to succeed Meeson
UK leisure carrier Jet2 has named existing director Robin Terrell as non-executive chairman, as long-standing leader Phillip Meeson steps down after four decades with the airline.
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NewsChina’s ‘Big Three’ on track for profits in Q3 amid ‘positive’ international recovery: HSBC report
China’s three largest carriers could all turn profitable in the second half of the year on the back of improving revenue and passenger travel demand, according to a HSBC Global Research report.
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NewsQantas CEO Joyce announces early exit amid string of controversies
Qantas chief Alan Joyce will step down from the airline effective immediately – two months earlier than planned – amid mounting public anger over a string of controversies in recent weeks.
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In depthRevenues power airlines above 2019 benchmark despite lagging traffic and capacity
The latest Airline Business Index shows the second quarter of this year was marked by soaring revenue and a jump in passenger numbers, as the industry exceeded the 2019 benchmark index score for the first time since the pandemic.