All Strategy news – Page 54
-
NewsAir France-KLM doubles profit in second quarter
Air France-KLM doubled operating profits in the second quarter to €733 million ($810 million) on revenues up 14% on the same period last year.
-
Airline BusinessWhy some airlines are relieved to be flying older aircraft
A notable dynamic of the current aircraft maintenance and reliability issues being experienced by carriers around the world is that the problems have been more acute among the latest-generation technologies.
-
NewsSIA Group profit jumps in first quarter but warns of increasing competition
Singapore Airlines Group improved its first-quarter operating profit on the back of strong travel demand, though it warns that competition “is expected to intensify” in the coming months as international capacity grows.
-
NewsBamboo Airways hints at schedule cuts amid ‘resource optimisation’
Bamboo Airways will trim its operating schedule in a bid to “optimise resource allocation” and restructure operations, even as it downplays rumours of its survivability.
-
NewsHawaiian posts $12.3m Q2 loss, reports delivery delay of first Boeing 787
Hawaiian Holdings reports losing $12.3 million during the second quarter of 2023 as the company looks to capitalise on rebounding air travel between Hawaii and Japan.
-
NewsVolaris turns modest Q2 profit as fuel costs slide
Mexico’s Volaris reports a second-quarter profit of $6 million as its leisure-focused operation benefited from significantly lower fuel costs compared with last year.
-
NewsAlaska rides international travel surge to ‘record’ quarterly revenue
Alaska Air Group on 25 July reported a second-quarter profit of $240 million thanks to steady leisure travel and an “unprecedented surge in international demand” during the three months ending in June.
-
NewsIberia enters BA and Qatar Airways joint venture
Iberia has become part of the joint venture between by fellow Oneworld carriers British Airways and Qatar Airways, expanding what had already been described by its founders as “the world’s largest airline joint business”.
-
NewsFedEx pilots reject tentative contract
The union representing FedEx pilots on 24 July rejected a tentative contract with the logistics giant, setting back negotiations on a five-year deal that would have taken effect next month.
-
NewsIATA opposes ban on night flights at Brussels airport
IATA has voiced its opposition to proposals that would see night flights banned at Brussels airport on the grounds of reducing noise, claiming such a move would ignore Belgium’s international obligations.
-
NewsFinnair swings to profit in Q2 citing adjustment to Russia airspace closure
Finnair has reiterated its guidance for a stronger-than-expected full-year performance, saying its positive second-quarter results reflect its successful adjustment to the closure of Russian airspace.
-
NewsAirAsia X seeks to shed financially distressed status
AirAsia X is seeking to officially exit its status as a financially distressed entity, citing a “more sound and viable financial position” since undertaking a wide-ranging business restructuring.
-
NewsJet Airways names new directors, but vacant CEO post looms large
Jet Airways has appointed three directors to its board – including naming a new chief financial officer – but has not disclosed a new airline chief.
-
NewsAmerican reports ‘outstanding’ Q2 with $1.3bn profit
American Airlines reported a $1.34 billion second-quarter profit as passenger demand continues to rise and fuel prices fell by more than one-third since last year.
-
Airline BusinessAirline Strategy Awards recipients reflect resurgent industry
The Airline Strategy Awards, which were held in London on the evening of 16 July, came with the global industry at a point where traffic and capacity are about to reach parity with 2019 levels after a painful few years for most carriers.
-
NewsUnited posts three-fold rise in second-quarter profit as demand surges
United Airlines posted a second-quarter profit of $1.08 billion, as passenger demand for travel at the beginning of the Northern Hemisphere’s summer travel season surged.
-
NewsIATA slams North American air traffic control chaos
The International Air Transport Association has slammed North American aviation regulators for dragging their feet on increasing staffing at air traffic control centres.
-
NewsSouthwest adds former US senator Roy Blunt to board of directors
Blunt joined the 15-member board on 16 July, and will apply his “broad experience spanning health care, infrastructure and national security” to the role.
-
NewsTurkish Airlines establishes subsidiary to run AnadoluJet
Turkish Airlines has formally established a wholly-owned subsidiary to run low-cost operation AnadoluJet.
-
NewsFlight attendant union schedules strike vote against American Airlines
American Airlines’ flight attendants are set to vote starting late this month on whether to approve a strike against the carrier, a move coming as the airline and union continue battling over a new contract.