All Strategy news – Page 5
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NewsLATAM improves earnings on strong international and domestic passenger demand
LATAM Airlines Group posted improved fourth-quarter and full-year earnings as international capacity surged and domestic demand also remained strong.
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NewsLynx Air to cease operations due to high costs and stiff competition
Canadian start-up carrier Lynx Air is ceasing operations on 26 February, citing financial pressure in the highly competitive low-cost segment.
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NewsThai rebounds to net profit in 2023
Thai Airways International swung back to the black in 2023, posting an annual net profit on gains from its debt restructuring, as well as a continued increase in passenger travel revenue.
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NewsSwiss CEO Vranckx to depart for Lufthansa Group executive board role
Swiss International Air Lines chief executive Dieter Vranckx will leave his post to join Lufthansa Group’s executive board, responsible for global markets and commercial steering hubs, in July.
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NewsJetBlue expects average of 11 grounded aircraft due to Pratt & Whitney engine issues: CFO
JetBlue Airways expects to have an average of 11 Airbus narrowbody aircraft grounded during 2024 due to inspections of the jets’ Pratt & Whitney PW1100G geared turbofan (GTF) engines.
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NewsEmirates hints at Clark succession options by naming deputy presidents
Emirates Group has added “deputy president” to the job titles of two of its senior executives, suggesting potential succession options for long-serving Emirates Airline president Tim Clark.
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AnalysisNew product enhancements lead Qantas charm offensive as first half profits slip
While underlying pre-tax profits fell 13% in the first half of its financial year, the more pressing challenges facing Qantas have less to do with its fiscal performance and more with improving its public image.
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NewsAircraft supplier delays push Qantas ‘Project Sunrise’ launch back six months
Aircraft delivery delays have forced Qantas to push back by six months plans to launch ultra-long-haul flights from Australia’s east coast to New York and London.
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NewsStarlux ‘will not miss’ opportunity to have cargo operations: chairman
The chairman of Starlux Airlines says the Taiwanese carrier “will not miss the opportunity” in cargo operations, given Taiwan’s importance as a cargo hub in the region.
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NewsStarlux orders five Airbus A350 freighters and three more A330neos
Taiwan’s Starlux Airlines has ordered five Airbus A350 freighters as well three more A330neo passenger aircraft at the Singapore air show today.
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NewsBreeze firms 10 Airbus A220 orders and will be profitable in 2024: CEO
Start-up carrier Breeze Airways has converted 10 Airbus A220-300 options to firm orders as the three-year old company is anticipated to be profitable for the first time in 2024.
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NewsSIA Group says yields under pressure as it reports profitable end to 2023
Singapore Airlines Group saw a “strong” performance in its fiscal third quarter but notes that passenger yields are being pressured by the return of capacity around the world.
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NewsSwiss CFO Markus Binkert to leave company in May
Swiss International Air Lines’ chief financial officer Markus Binkert will leave the company at the end of May.
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NewsCanadian ultra-low-cost carriers Lynx and Flair to combine: reports
Canadian media have reported that two of the country’s ultra-low-cost carriers – Lynx and Flair Airlines – are on the cusp of announcing a merger.
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NewsHawaiian’s shareholders accept Alaska’s $1.9bn takeover bid
Hawaiian Holdings’ shareholders have voted to accept the $1.9 billion acquisition offer from Alaska Air Group.
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NewsAir Canada turned profitable in 2023 on international travel growth
Canada’s flag carrier is optimistic about international travel in 2024 amid stagnant growth of its domestic-Canadian operation
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AnalysisNorwegian ‘very pleased’ about full-year profit and potential Wideroe impact
Scandinavian low-cost carrier Norwegian expects its recently completed acquisition of compatriot Wideroe to begin to have an impact on its earnings in 2024, amid signs that the latter might outperform earlier near-term forecasts
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NewsletterWill airlines get their hands on more new aircraft in 2024?
With the availability of new aircraft continuing to be a sore point for many airlines around the world, Airbus released its latest delivery targets this week.
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AnalysisFinnair ‘has made it through the crisis’ after capping profit return with strong end to 2023
Finnair’s interim chief executive Jaakko Schildt believes the company has demonstrated that it has made it through the double crisis of the pandemic and impact from the closure Russian airspace after confirming the airline’s first full-year profit since 2019.
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NewsFormer Batik Malaysia chief Chandran returns to the helm
Batik Air Malaysia has reappointed its former CEO Chandran Rama Muthy to helm the carrier.