All Strategy news – Page 74
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NewsUS DOJ decision on proposed JetBlue-Spirit tie-up expected within a month
Spirit Airlines is expecting a decision from the US Department of Justice (DOJ) on its pending acquisition by rival low-cost airline JetBlue Airways within the next 30 days.
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NewsGlobal airline passenger traffic exceeded two-thirds of pre-Covid levels in 2022
Airline passenger traffic was just over two-thirds of 2019 levels last year, in a 12-month period marked by an initially strong recovery from the Covid-19 pandemic that then plateaued across the last few months of the year.
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NewsSpirit Airlines loses $271m in Q4, searches for ‘sustained profitability’
Spirit Airlines is still searching for “sustained profitability” after losing $271 million during the fourth quarter of 2022, compared with a $87 million loss during the same three months of 2021.
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NewsFAA approves US cargo operations for GlobalX
US carrier Global Crossing Airlines (GlobalX) has received approval from the Federal Aviation Administration (FAA) to begin cargo operations with its Airbus A321F aircraft.
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NewsGlobal air freight demand dropped below pre-Covid levels in 2022
Demand for air freight dropped below 2019 levels last year, as the sector experienced a comedown from the highs recorded in 2021 but still benefited from strong yields.
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NewsUpbeat IndiGo chief welcomes Tata consolidation of Indian airline industry
IndiGo chief executive Pieter Elbers believes Tata Group’s involvement in India’s airline industry is a positive development for all of the country’s carriers, given the maturity it will bring to the market
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NewsPilots seek to block Allegiant-Viva Aerobus joint venture
The union representing Allegiant Air’s pilots has come out against the carrier’s proposed joint business with Mexico’s Viva Aerobus, alleging that it is simply seeking access to cheaper flightcrew.
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NewsIndiGo reports profitable end to 2022 as revenue surges
Low-cost carrier IndiGo recorded record revenue during the three months ending 31 December 2022, helping it to its first net profit since the same period in 2021.
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NewsQantas boss Joyce defends ‘strong safety systems’; says service reliability on the up
Qantas CEO Alan Joyce has hailed the airline’s “strong safety systems” in his first public comments following a spate of mechanical issues to hit the airline at the start of the year.
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NewsUS regional SkyWest loses $47m in final quarter of 2022
In what Skywest Airlines’ chief executive Chip Childs called a “noisy” fourth quarter of 2022, the regional US carrier lost $47 million, compared with a $4 million profit in the same three months of 2021.
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NewsSouthwest names Lauren Woods as chief information officer to manage IT overhaul
Southwest Airlines has moved company executive Lauren Woods into the role of chief information officer to help manage the airline’s technology upgrades in the aftermath of its system-wide operational meltdown during peak of holiday travel.
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NewsSun Country Airlines 'prudently' grows as it posts $17.7m Q4 profit
Sun Country Airlines was able to “prudently” grow its operations in 2022, achieving a modest profit for both the fourth quarter and the full year.
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NewsTurkish Airlines to take ultra-high-density 777-300ERs for IndiGo wet-lease
Turkish Airlines has signalled its intent to operate two ultra-high-density Boeing 777-300ERs as part of a wet-lease deal with codeshare partner IndiGo
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NewsAllegiant posts $53m Q4 profit thanks to ‘robust demand’
Allegiant Travel Company, parent of Allegiant Air, rode high demand for leisure travel to a profitable fourth quarter of 2022, capping a year marked by significant operational challenges.
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NewsKorean Air flags cargo demand slowdown as Q4 profit down 26%
Korean Air has warned that cargo demand – its financial lifeline amid the pandemic – is likely to continue to weaken this year, as its quarterly profits fall despite a return of passenger travel.
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NewsJAL picks New York as first A350-1000 destination; hints at new ‘unprecedented’ cabins
Japan Airlines (JAL) has disclosed operational details for its first Airbus A350-1000s, as it teases “unprecedented” cabin products for its new flagship aircraft.
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NewsHawaiian narrows Q4 loss, reports slow recovery in Japanese demand
Hawaiian Holdings, parent company of Hawaiian Airlines, reports narrowing fourth-quarter losses as demand for air travel to the Pacific archipelago has largely rebounded – except from Japan.
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NewsNorway's Flyr ceases operations after financing fails
Struggling Norwegian carrier Flyr has ceased operations and is to file for bankruptcy on 1 February after failing to secure new financing.
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NewsALPA-represented JetBlue pilots win 21.5% pay raise with new contract
JetBlue Airways’ pilots approved on 30 January a two-year contract extension that includes a 21.5% pay increase over 18 months.
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NewsFrontier Airlines to expand Puerto Rican presence in May
Frontier Airlines plans in May to add several new routes to Puerto Rico as part of an expansion that will see the airline launch its first flights to the US territory’s city of Ponce.