All Strategy news – Page 8
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NewsEasyJet outlines £1bn profit target after strong summer confirms return to the black
Carrier expects to post a pre-tax profit in the range of £440-460 million ($541-566 million) for the 12 months ending 30 September 2023, driven by a record headline profit over the second half of its financial year.
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NewsAir NZ expects slimmer profits amid ‘uncertain’ economic environment
Air New Zealand expects to report a lower half-year profit, as it flags “volatile” fuel prices, increased competition, as well as uneven travel demand.
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NewsMalaysia’s MYAirline suspends operations, citing ‘significant financial pressures’
Malaysian start-up MYAirline has abruptly suspended operations indefinitely – days after its founding CEO stepped down – citing “significant financial pressures”.
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NewsVolaris revises earnings expectations due to P&W engine issues
Mexican low-cost carrier Volaris has revised its full-year capacity and earnings expectations due to additional inspections of its Pratt & Whitney geared turbofan (GTF) engines.
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PodcastAirline Business Podcast: SAS stakes, sustainability and sweet spots
Graham and Lewis discuss the latest consolidation moves in Europe, as Air France-KLM announces plans to take a minority stake in SAS.
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NewsQantas board shake-up sees departure of chairman
Qantas chairman Richard Goyder is to step down in late 2024, in the latest leadership shake-up at the embattled carrier as it works to repair its tattered reputation.
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NewsBermudAir pivots away from all-premium seating strategy
Several weeks into operating flights to the East Coast of the USA, BermudAir no longer plans to configure its cabins exclusively with business-class seats.
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NewsAvelo bumps pilot pay in anticipation of ‘at least five’ 737 deliveries
US start-up Avelo Airlines has raised its pay rates in an effort to attract qualified pilots and support fleet-expansion plans in 2024.
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News‘Important milestone’: Virgin Australia posts first profit in 11 years
Virgin Australia has reported its first annual profit in 11 years on the back of record leisure travel demand, and as business transformation efforts continue to bear fruit.
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NewsBonza sees first high-profile executive departure as commercial chief steps down
The commercial chief of Australia’s Bonza will leave the carrier at the end of the year, marking the start-up’s first high-profile departure since it began operations in January.
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NewsMesa seeks to streamline pilot training with ‘pay-as-you-go’ programme
US regional carrier Mesa Airlines launched on 9 October a pilot-training programme built around the company’s recently acquired Pipistrel Alpha 2 light aircraft.
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In depthAirline Business Covid-19 recovery tracker: October 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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NewsLOT and JetBlue to begin codesharing on US and European flights
JetBlue Airways and Polish carrier LOT intend to begin a codeshare arrangement under which they will jointly sell flights from Europe and the USA.
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NewsLoganair owners halt moves to sell carrier
Scottish regional carrier Loganair’s shareholders Stephen and Peter Bond are to remain as owners of the company “for the foreseeable future”, a year after detailing plans to look to sell their stake.
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AnalysisEuropean consolidation wave spreads north with Air France-KLM move for SAS
Consolidation within Europe post-pandemic has largely focused on opportunities for the big three airline groups to bolster their presence in the south of the continent.
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NewsPilot shortage ‘very real’ for US regional carriers struggling to keep aircraft flying
The pilot-supply outlook remains gloomy for regional airlines as hundreds of aircraft are parked – and the shortfall looks likely to reverberate into the 2030s.
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News‘Airline sweet spot may have got sweeter’: IATA chief economist
The global airline industry’s fortunes have improved since IATA’s mid-year financial forecast for the industry, according to the association’s chief economist Marie Owens Thomsen, with positive factors continuing to more than offset negative ones.
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NewsRiyadh Air eyes key partnerships ahead of launch
Ambitious Saudi Arabian start-up Riyadh Air is likely to announce a number of key airline partnerships ahead of its planned launch in 2025.
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NewsMalta puts hopes on higher load factors and profitable routes for successor carrier
Malta’s government believes an eight-strong fleet together with a right-sized network and staff levels will enable its planned successor carrier to Air Malta to be profitable.
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NewsBrunei start-up Gallop Air targets Q3 2024 launch in search for investors, partners
China-backed Bruneian start-up Gallop Air is hoping to launch services in the third-quarter of 2024, as it looks to find backers and “local partners” – in addition to securing its air operator’s certificate (AOC).