All Strategy news – Page 37
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News
American appeals court ruling against collaboration with JetBlue
American Airlines has appealed a court ruling that struck down its so-called ”Northeast Alliance” (NEA) with JetBlue Airways, the Fort Worth-based airline said on 25 September.
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Rex to add more 737s by end-June, amid cuts to regional network
Australia’s Regional Express (Rex) intends to add two more Boeing 737-800s by end-June 2024, as it expands its mainline domestic operations.
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JetBlue-Spirit trial could be delayed by looming US government shutdown
The US Department of Justice’s antitrust trial to block low-cost carrier JetBlue Airways’ acquisition of Spirit Airlines could be delayed if the federal government shuts down for more than two weeks.
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United’s Leskinen will succeed Laderman as CFO
United Airlines has named former vice-president of investor relations Michael Leskinen as its next chief financial officer, effective immediately, succeeding Gerry Laderman, who is scheduled to retire from the company in September 2024
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Airline Business
Fresh airframe and engine woes exacerbate supply challenges
It seems crazy to think that only a couple of years ago ample aircraft availability was one reason why the industry was seen as favourable to start-up carriers.
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Air Transat and CAE to build pilot pipeline with new Ascension Academy
Canadian leisure carrier Air Transat and CAE have created a new cadet academy to help the airline meet soaring demand for pilots.
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Airline Business
How humility and trust helped Topi Manner lead Finnair out of a double-crisis
When Finnair chief executive Topi Manner makes his recently announced departure from the Oneworld carrier by March 2024, he will step away from the airline industry with a whole new appreciation of crisis management and business transformation.
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AirAsia Cambodia to launch in November, with MRO unit to follow
AirAsia’s Cambodia unit will begin operations in November, as sister company Asia Digital Engineering (ADE) looks to set up an MRO joint venture in the country.
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IAero Group files for Chapter 11 bankruptcy protection
IAero Group, formerly Swift Air, has voluntarily filed for Chapter 11 bankruptcy protection in Florida.
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UPS names Bill Moore as next president of UPS Airlines
UPS has named Bill Moore as the next president of UPS Airlines, effective next month.
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Bamboo Airways vows restructuring amid challenging year
Embattled Vietnamese carrier Bamboo Airways says work to restructure its operations is ongoing, as it targets improvements in its financial performance.
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Airline Business
How airlines are investing in their digital futures
While battling antiquated IT systems and legacy practices remains a significant barrier, most carriers are investing in their digital futures, cognisant of the big revenue and cost benefits
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Airline Business
How Mesfin Tasew is delivering the next phase of growth at Ethiopian Airlines
Drawing on almost four decades of experience with the business, Ethiopian Airlines chief executive Mesfin Tasew is guiding Africa’s stand-out performer into its next growth phase
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Malaysia Airlines, Cathay axe joint-business plans
Cathay Pacific and Malaysia Airlines will not proceed with plans for a joint-business, after regulators in Malaysia expressed concern over the “significant reduction” in competition.
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Australian competition regulator proposes to deny Qantas-China Eastern partnership
The Australian Competition and Consumer Commission (ACCC) is proposing to block Qantas’ plans to renew its partnership with China Eastern Airlines, citing price hike concerns amid a return of Chinese travellers to Australia.
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News
Transat AT posts first profitable quarter since 2019 due to strong leisure demand
The parent of Canadian carrier Air Transat reports on 14 September making C$57.3 million ($43.5 million) during its fiscal third quarter – its first quarterly profit since late 2019.
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Airline Business
Early signs of ‘normalisation’ effects at airlines
Many airline leaders continue to argue that although visibility is limited, strong demand and yields are persisting into the northern hemisphere winter months. But there are also significant players highlighting signs of market ‘normalisation’
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News
Mesa Airlines CFO Zubeck to leave US regional carrier
After working for nearly two years as chief financial officer of US regional carrier Mesa Airlines, Daniel Torque Zubeck is resigning from the company effective 15 September.
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United’s bookings remain high as hub strategy pays off: Leskinen
As numerous US airlines revised their third-quarter results estimates due to higher fuel prices and lower-than-expected bookings, United Airlines remains committed to the financial guidance it published in July, touting its hub-and-spoke network as well as its United Next strategy.
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‘Canary in the coal mine’: Frontier cuts Q3 capacity forecast as bookings sag
Frontier Airlines has cut its capacity forecast for the third quarter based on lower bookings and higher fuel prices, making it the latest North American carrier to lower expectations for the period.