All Strategy news – Page 39
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News2023 a 'turning point for recovery', domestic competition to be 'mitigated': Air China
Air China believes domestic airline competition “will be mitigated” in the near term, following a bruising year where travel demand collapsed under the pressures of China’s now-scrapped ‘zero-Covid’ policies.
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NewsAir India sees progress with comprehensive tech overhaul
Air India is making headway in a total overhaul of its digital capabilities under its Vihaan.AI transformation plan.
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NewsANA parent expects higher profits on cost-cutting
ANA Holdings, the parent company of Japanese carrier All Nippon Airways, has revised upwards its full-year profit forecast, amid cost reduction efforts and despite sluggish cargo performance.
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NewsletterUS carriers see revenues surge, but challenges remain
While US giants Delta Air Lines and United Airlines both reported small losses for the first quarter, it is their positive narrative on the demand and revenue picture that stands out.
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NewsSurging costs and slower demand leave Alaska with $142 million Q1 loss
Alaska Air Group on 20 April become the latest US airline to report a first-quarter loss, swinging $142 million into the red during the three months ending in March.
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NewsSilver Airways narrowly avoids lease termination at South Florida base
US regional carrier Silver Airways has struck a last-minute deal to avoid eviction from its base at South Florida’s Fort Lauderdale-Hollywood international airport due to owing more than $1.4 million in back rent and late fees.
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NewsCorporate customers are back: United Airlines
United Airlines executives say corporate travel has fully returned following an almost-three-year downturn due to Covid-19.
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NewsAustralian regulators re-allow Jetstar co-operation for five more years
The Australian Competition and Consumer Commission (ACCC) has granted authorisation to Qantas and Jetstar for the continued cooperation with Jetstar units in Singapore and Japan.
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NewsAirbus chief highlights importance of China market
Airbus chief executive Guillaume Faury has underlined the importance of the China airliner market, which he feels will continue to grow strongly.
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NewsUnited Airlines loses $194m in Q1, international travel demand returns
United Airlines lost $194 million during the first quarter of 2023, in line with previous estimates, as the carrier’s post-Covid-19 recovery continues.
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NewsWestJet pilots vote to strike as contract talks continue
WestJet pilots have voted to strike if needed as they continue to negotiate a new contract with the airline.
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News’Demand has never been higher’: Delta CEO Bastian
Delta Air Lines recorded its “10 highest sales days” over the past couple of months as the major US carrier anticipates a robust summer travel season.
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NewsAir France-KLM environmentally-tied credit line allows Dutch carrier to exit state loan
KLM has secured a new €1 billion ($1.1 billion) credit facility with a syndicate of 14 banks, replacing a credit facility guaranteed by the Dutch government put in place during pandemic.
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NewsMalaysia Airlines rebounds to profitability, eyes full capacity recovery
Malaysia Airlines expects to fully recover operations in China and North Asia by end-June, amid a ramp-up that will see its system-wide capacity fully recover to pre-pandemic levels.
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NewsTurkish Airlines aims to double in size under 10-year plan
Turkish Airlines aims to carry 170 million passengers and operate over 800 aircraft by 2033, under a newly unveiled strategic plan which will essentially double the size of the airline over the coming 10 years.
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NewsletterWhy European short-haul travel will become more expensive
Analysts at Bernstein this week became the latest industry observers to suggest that airlines will need to charge more for short-haul air travel as the decade progresses, in response to European Union measures aimed at reducing carbon emissions.
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NewsUnited and ground-service workers’ union tentatively agree to contract for 29,000 employees
United Airlines and the International Association of Machinists and Aerospace Workers (IAMAW), the union which represents 29,000 ground service workers, have come to a tentative agreement on a new contract.
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NewsCanada’s Air Transat now flying year-round to Marseille
Canada’s Air Transat is firming its foothold in France by extending its seasonal service to the Mediterranean city of Marseille to a year-round flight.
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NewsDelta expects ‘strong operational summer’ after misery of 2022: CEO
Delta Air Lines expects its operations during the Northern Hemisphere’s busy summer travel season will improve compared to last year, when airlines struggled with massive disruptions resulting from lower staffing coupled with unpredictable weather and strong demand following the Covid 19 pandemic.
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NewsDelta loses $363m in first quarter as revenue and costs surge
Delta Air Lines swung to a $363 million loss in the first quarter of 2023 amid surging costs and despite generating record-high revenue.