All Strategy news – Page 47
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NewsSpanish carriers lead IAG profit return in 2022
All four of IAG’s major airlines returned to the black in 2022, a year in which its Spanish carriers Iberia and Vueling came closest to matching pre-pandemic operating profitability.
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NewsIAG agrees deal to acquire full control of Air Europa
Iberia parent IAG has agreed a deal with Air Europa owner Globalia to acquire the remaining 80% of the Spanish carrier in a transaction it expects to take 18 months to clear regulatory approvals.
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NewsAmerican’s Smith will succeed Parker as chairman of the board
American Airlines has named current board member Greg Smith as its new chairman, succeeding Doug Parker, who is retiring.
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NewsQantas picks up used jets amid delivery delays
Qantas Group is to add used and wet-leased narrowbodies over the next two years, as part of near-term measures to mitigate aircraft delivery delays while boosting capacity.
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News‘Huge turnaround’: Qantas reports record half-year profit on strong demand, higher yields
Australia’s Qantas Group swung back to profitability on the back of “robust” travel demand and higher yields, despite being hit by a series of operational snags.
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NewsVolaris expects FAA’s Mexico safety upgrade in 'next six months’: CEO
Mexican ultra-low-cost carrier Volaris expects the Federal Aviation Administration to restore the country’s “Category 1” safety status later this year.
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NewsLufthansa shuffles management as commercial chief takes group role
German carrier Lufthansa has named Heiko Reitz as it new chief commercial officer, with incumbent Stefan Kreuzpainter taking up a Lufthansa Group role with responsibility for network alliance and partner management.
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Airline BusinessScoot’s Embraer deal: step-change or ‘low-risk’ experiment?
While Scoot’s deal to lease nine Embraer E190-E2s presents opportunity for its network, it remains to be seen if it will lead to more Southeast Asian operators taking in regional aircraft.
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NewsAirAsia X in talks for more A330s as quarterly profit rises
AirAsia X is in “varying degrees of engagement” with lessors to add at least three more Airbus A330s to its fleet, amid optimism about “ever-thriving” travel demand.
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NewsVolaris reports $28m fourth-quarter profit as it expands capacity
Mexico’s Volaris reported a profit of $28 million during the fourth quarter of 2022, as it expanded capacity and kept expenses flat.
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NewsStrong demand recovery helps SIA Group to record quarterly profit
A bullish Singapore Airlines Group smashed its earnings record for the fiscal third-quarter on the back of “robust” demand recovery, posting an operating profit of S$755 million ($564 million), its highest ever quarterly profit.
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NewsHans Airways' start-up struggles persist as AOC delays hit launch hopes
UK start-up Hans Airways is set to relinquish its only aircraft, an Airbus A330-200, and open talks with potential new investors after delays in securing its air operator’s certificate.
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NewsFlyArystan growth helps Air Astana to profits high in 2022
Kazakhstan’s Air Astana posted its highest after-tax profit of $78.4 million in 2022 on record passenger and revenue figures.
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Airline BusinessSriLankan Airlines chief talks ‘cautious’ recovery as airline eyes restructuring
SriLankan Airlines is emerging from the double whammy of a pandemic and political crisis with cautious optimism. Airline chief Richard Nuttall is looking to restructure the airline’s balance sheet, while working to restore its network and fleet.
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NewsAir Canada marks milestone in recovery, returns to profitability in Q4
Air Canada returned to profitability in the fourth quarter of 2022, reporting a C$168 million ($125 million) profit and marking a milestone in the flag-carrier’s long recovery from the Covid-19-related dropoff in air travel.
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NewsScoot to be Southeast Asia’s first Embraer E2 operator with nine-aircraft lease
Low-cost operator Scoot has committed to taking nine Embraer E190-E2 jets from lessor Azorra, making it Southeast Asia’s first E2 family operator.
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NewsAir France-KLM chief reiterates TAP interest as group prepares to exit M&A restrictions
The chief executive of Air France-KLM has reiterated the group’s interest in acquiring TAP Air Portugal as it moves to exit restrictions attached to Covid-era state aid.
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NewsAir France-KLM expects to exit state aid restrictions in April after swinging to full-year profit
Air France-KLM will in April exit restrictions linked to financial support received from the Dutch and French governments during the pandemic, under plans unveiled as it released its full-year earnings on 17 February.
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Airline BusinessWhat factors are driving Air India’s huge aircraft orders?
Confirmation this week that Air India plans to place bumper aircraft orders with Airbus and Boeing follows months of speculation about the flag carrier’s fleet plans under its new owners, Tata Group. But what factors underpin the need for such huge aircraft commitments?
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NewsAsiana Q4 profits down amid rising fuel costs
Asiana Airlines’ fourth-quarter profits fell despite a rebound in travel demand, as rising costs outpaced an increase in revenues.