All Strategy news – Page 44
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NewsTAP Portugal returns to net profit for first time since 2017
Privatisation-target TAP Portugal returned to the black last year after posting a net profit of €65.6 million ($70.3 million) for 2022.
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Airline BusinessCarsten Spohr on how Lufthansa is back on the front foot
If the impact of the pandemic continues to be felt by both its airlines and the wider industry this year, new product investments and acquisition moves underline Lufthansa Group chief executive Carsten Spohr’s determination that this should not prevent it from regaining the initiative.
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News‘We just refuse to die’: SpiceJet chief talks restructuring, fleet growth
India’s SpiceJet is to “significantly” restructure its balance sheet in the coming months, raise fresh equity, and embark on an “aggressive push” to grow its fleet.
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News‘Jet Airways 2.0’ to have new business model, ‘not a copy-paste’: CEO
The relaunch of India’s Jet Airways, which has faced legal hurdles in recent months, is still in progress, and will see the airline take a “new approach” to its business model.
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NewsWestJet to launch 737 freighter flights on 22 April
Canadian carrier WestJet intends to begin flying Boeing 737-800 cargi aircraft next month after having received the required regulatory approvals.
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NewsAkasa Air confirms international foray, ‘much larger’ aircraft order by year-end
Indian low-cost carrier Akasa Air plans to launch international flights by the end of the year, around 18 months after it started operations in 2022.
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NewsInvestment group completes Atlas Air acquisition
An investment group led by Apollo Global Management has completed its acquisition of US cargo and charter airline Atlas Air Worldwide Holdings, closing a deal announced last August.
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NewsJetSmart moves to purchase Colombian domestic carrier Ultra Air
Chilean ultra-low-cost carrier JetSmart has signed a memorandum of understanding to purchase Colombian domestic carrier Ultra Air.
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Airline BusinessPassenger demand steps up in encouraging start to 2023
Global demand for passenger travel has undoubtedly stepped up in the early months of 2023, as the recovery from Covid-19 continues.
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NewsPhilippine Airlines eyes more widebodies, expects profitable year
Philippine Airlines (PAL) expects to firm up a potential order for more widebody aircraft in the coming months, as the airline eyes a profitable year amid strong travel demand.
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NewsAir Canada pilots’ union to vote on combining with ALPA
The union representing more than 4,500 Air Canada pilots has reached an agreement in principal that would allow a combination with the much larger labour group, Air Line Pilots Association, International (ALPA).
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NewsAir France-KLM repays last of French Covid-19 state aid
Air France-KLM has today repaid the remaining €2.5 billion ($2.7 billion) from the €4 billion French state-backed loan it was granted during the Covid-19 crisis.
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NewsUS regulators approve deal to take Atlas Air private
US cargo carrier Atlas Air has received regulatory approval to be acquired by an investor group led by Apollo Global Management, which would de-list Atlas from the Nasdaq stock exchange.
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Airline BusinessAirline Business Covid-19 recovery tracker: March 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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Airline BusinessSaudi aircraft orders underscore home carrier ambitions
Any questions about the ambitions of Saudi Arabia’s newly established Riyadh-based national airline were quickly answered by an opening fleet commitment for up to 72 Boeing 787-9s.
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NewsYear-end reopening lifts South Korean LCC earnings
South Korean low-cost operator Jin Air posted its first quarterly operating profit in more than three years, helped by a rebound in travel demand that has also helped boost the earnings of compatriots Jeju Air and T’way Air.
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NewsDOT challenge to Spirit acquisition ‘unprecedented’: JetBlue chief executive
JetBlue’s chief executive Robin Hayes called the US Department of Transportation’s decision to get involved in its proposed acquisition of discount carrier Spirit Airlines “unprecedented”.
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NewsRiyadh Air to take up 72 Boeing 787s, Saudia to sign for 49 more Dreamliners
National start-up carrier Riyadh Air is take up to 72 Boeing 787-9s, including plans for firm orders for 39 Dreamliners, as part of a wider Saudi Arabian commitment which will see Saudia also sign for up to 49 more of the widebodies.
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NewsAir China appoints airline veteran as new president
Air China has promoted vice president Wang Mingyuan to its new president, executive director and vice chairman.
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NewsUnited cuts Q1 earnings expectation due to ‘seasonality shift’ in travel behaviour
United Airlines has reduced its revenue expectations for the first quarter of 2023 due to a “seasonality shift” in post-pandemic passenger travel behaviour.