All Strategy news – Page 61
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NewsIndiGo reports record Q4 profit as currency weighs on full-year result
Indian low-cost carrier IndiGo continued on a “path of profitability” in its fiscal fourth quarter, as it achieved a record net profit for the period of Rs9.19 billion ($111 million).
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Airline BusinessMerger gives Thai something to Smile about, but it must act fast
The merger of regional operator Thai Smile into parent Thai Airways International finally closes the chapter on regional airline units in Asia, and Thai must now act quickly to make up for lost ground, especially in the face of low-cost competition.
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NewsEasyJet narrows first-half losses
EasyJet cut pre-tax losses to £411 million for the first six months of its financial year on revenues 80% up year-on-year.
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NewsAirline Business Index shows industry close to 2019 size amid soaring revenue
The latest Airline Business Index shows the global airline industry’s revenue soared even further above 2019 levels in the first quarter of 2023, as the sector moved to within touching distance of its pre-Covid size.
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NewsPilots’ strike authorisation vote to have ‘no impact’ on operations: FedEx
US-based logistics specialist FedEx is downplaying its pilots’ vote to authorise a potential strike as a collective bargaining tactic that will have ”no impact on our service”.
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NewsTransavia cancels hundreds more flights as aircraft shortage persists
Dutch carrier Transavia has cancelled hundreds of flights through to the end of June as it grapples with a shortage of aircraft.
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NewsWestJet pilots threaten strike as airline responds with lockout notice
WestJet and its pilots are ratcheting up their labour conflict ahead of what is anticipated to be a busy travel weekend – the first of the upcoming travel season.
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Airline BusinessAirline Business performance tracker: Americas Q1 2023
Key data from the most-recent Americas earnings period – the January-March 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsSingapore Airlines Group swings to record S$2.7 billion annual profit
Singapore Airlines (SIA) Group has posted the highest full-year net profit in its history, on the back of what it says were “proactive strategic initiatives” and “pre-emptive preparation” it undertook during the pandemic.
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Airline BusinessAirline Business Covid-19 recovery tracker: May 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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NewsJapan’s Skymark Airlines turns profitable on ‘remarkable recovery’ in demand
Japanese operator Skymark Airlines rebounded to a full-year profit amid “remarkable recovery” in travel demand as Japan eased much of its pandemic curbs.
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NewsAzul posts record first-quarter revenue amid a ‘robust, sustained revenue’ recovery
Brazil’s Azul sees “robust, sustained revenue performance” for the rest of the year with passengers travelling in greater numbers as the global Covid-19 pandemic is largely in the rear-view mirror.
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NewsAvianca ditches Viva combination plan
Colombian airline Avianca has cancelled plans to combine with financially strapped ultra-low-cost carrier Viva Air, citing what it describes as onerous conditions required by Colombia’s aviation regulator.
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NewsAir Canada’s Q1 passenger revenue more than doubles
Air Canada achieved a first-quarter record revenue of C$4.9 billion ($3.6 billion), up 88% from the same period a year ago as travel demand boomed following the global pandemic.
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NewsNorwegian claims success in limiting Q1 losses as it eyes strong summer
Norwegian is expecting one of its strongest-ever summer seasons after a first quarter during which it claims to have successfully limited losses.
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NewsSouthwest Airlines pilots vote to authorise strike
Roughly 10,000 pilots represented by Southwest Airlines Pilots Association (SWAPA) have voted emphatically in favour of authorising a strike as negotiations with the airline on a new contract have stalled.
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NewsTurkish Airlines eyes June announcement for massive long-term order
Turkish Airlines is reportedly hoping to announce an aircraft order covering around 600 aircraft next month, which will support it’s recently disclosed ambition to double the size of its fleet to more than 800 over the next decade.
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NewsAir Baltic cuts first-quarter loss as it looks towards IPO
Air Baltic improved its revenue performance and significantly cut its net loss in the first quarter of 2023, as the business saw positive outcomes from its mixture of own-brand flying and deals to operate capacity for other carriers.
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NewsEmirates surges back to profit
Profits at Dubai-based Emirates Group have soared to record levels for the year ended 31 March 2023, hitting Dhs10.9 billion ($3 billion), reversing two consecutive years of pandemic-driven losses.
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News'Healthy demand' boosts Copa's first-quarter profit to $122 million
Copa Holdings, the parent of Panama’s Copa Airlines reported a profit of $122 million, up more than one-third from the same quarter in pre-pandemic 2019, driven by “healthy demand”.