All Strategy news – Page 48
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Airline BusinessStrong 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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Airline BusinessRevenues 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.
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Airline BusinessAirline Business performance tracker: Asia-Pacific Q2 2023
Key data from the most-recent Asia-Pacific earnings period – the April-June 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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Airline BusinessStart-ups seek chance to find a niche in the market, despite challenges
The past couple of weeks have given ample reminder of both the opportunities and challenges when trying to enter the airline business. That is perhaps best illustrated by the faltering efforts to revive former UK leisure carrier Monarch Airlines. In mid-August a new iteration of the carrier emerged via a ...
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Airline BusinessAirline Business performance tracker: Europe Q2 2023
Key data from the most-recent European earnings period – the April-June 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsAllegiant decries DOT decision as favouring ‘oligopolistic’ carriers over discounters
Allegiant Air is railing against the US government’s decision to suspend review of the airline’s proposed joint venture with Mexican ultra-low-cost carrier (ULCC) Viva Aerobus.
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NewsBermudair delays service start due to Hurricane Franklin
Bermudair has delayed its inaugural flights to the USA due to severe weather and now plans to launch 1 September.
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NewsMonarch revival in doubt as funding runs out
An effort to revive UK leisure carrier Monarch Airlines has stalled, barely two weeks since its relaunch was announced.
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NewsRevenue jump helps privatisation target TAP swing to first-half profit
Privatisation target TAP Air Portugal turned a net profit of €22.9 million ($24.9 million) in the first half of the year, a marked improvement on losses at the same stage of 2022.
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NewsRex says pandemic’s ‘legacy effects’ to blame for full-year losses
Australia’s Regional Express (Rex) remained in the red in its full-year earnings, as it laid the blame on the “legacy effects” of the Covid-19.