All Strategy news – Page 85
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NewsFrontier Airlines turns $33m Q3 profit on strength of demand for leisure travel
Frontier Group Holdings, parent of Frontier Airlines, reported a profit of $33 million in the third quarter of 2022 – the second consecutive profitable quarter for the Denver-based ultra-low-cost carrier (ULCC).
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NewsAmid slow recovery, Spirit Airlines loses $36.4m in Q3
Buffeted by hurricane winds, higher fuel costs and operational constraints, Spirit Airlines reported a loss of $36.4 million in the third quarter of 2022.
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NewsSurging revenue returns Gol to Q3 operating profit
Brazilian low-cost carrier Gol posted record revenues of R$4 billion ($750 million) and the highest yields in its history during the third quarter.
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NewsIAG confirms order for 37 more A320neos after shareholder approval
British Airways and Iberia parent IAG has confirmed an order for 37 A320neo aircraft, after its shareholders approved the purchase on 26 October. The order was announced in late July and followed agreements earlier in the year for 22 A320neo-family jets, meaning IAG has now made firm commitments for 59 ...
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NewsShortage of 787 cockpit windows reflects industry-wide supply constraints: Lufthansa chief
Lufthansa Group chief executive Carsten Spohr continues to insist that the global aviation industry will see constrained capacity for the foreseeable future as it seeks to serve resurgent demand for air travel.
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NewsLufthansa earmarks three A380s for 2023 return and expects more to follow
Lufthansa is planning to return three Airbus A380s to its Munich base from June next year, but is also working on a plan to increase that number.
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NewsLufthansa Group reports strong forward demand as Q3 profit exceeds €1bn
Lufthansa Group is expecting strong demand for air travel to continue “into the coming months”, despite the economic and geopolitical headwinds faced by the airline industry and wider economies.
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NewsWestJet’s acquisition of Sunwing raises red flags from competition regulator
A Canadian business-competition regulator has raised concerns about WestJet’s proposed acquisition of rival Sunwing Airlines, citing a “substantial lessening or prevention of competition in the sale of vacation packages to Canadians”.
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NewsNorwegian saw historic-high unit revenue during profitable third quarter
Scandinavian carrier Norwegian achieved an operating profit of NKr1.03 billion ($100 million) during the third quarter of 2022, driven by high unit revenue.
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NewsHawaiian Airlines loses $9.3m in Q3 as ‘international network is still rebuilding’
Hawaiian Holdings, parent company of Hawaiian Airlines, reported a third-quarter loss of $9.3 million as the carrier continues its pandemic recovery.
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NewsJetBlue squeezes $57m profit in Q3
Positioning itself to consume a rival low-cost airline amid concerns from federal antitrust regulators, JetBlue Airways has reported a $57 million third-quarter profit.
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NewsAir Cote d’Ivoire orders two A330neos
Air Cote d’Ivoire has placed a firm order for two Airbus A330neos as it seeks to expand into long-haul markets
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Airline BusinessCan Argentina’s aviation sector tap growth potential?
Argentinian carriers young and old are seeking to take advantage of a post-pandemic tourism drive in the country, but the growth path ahead is far from certain.
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NewsVolaris keeps foot on growth pedal but fuel costs drag down Q3 profits
Mexican low-cost carrier Volaris lifted revenues a fifth in the third quarter as its strong growth continues, but higher fuel costs dragged down its profits for the period.
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NewsNorthern Pacific upgrades terminal space in Anchorage ahead of 2023 launch
Start-up US airline Northern Pacific Airways has almost completed a $6 million upgrade of the terminal space it is leasing at Anchorage International airport in Alaska.
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NewsRex sees domestic jet operations turn profit in September
Australia’s Regional Express (Rex) reported its first profitable month of domestic jet operations in September.
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NewsAeromexico’s Q3 revenue up from 2021
Newly restructured Grupo Aeromexico, the parent company of Mexico’s legacy carrier, Aeromexico, reports third-quarter profitability and a rebound from the lows of 2021.
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NewsHawaiian to operate 10 A330Fs for Amazon, grants retailer ownership rights
Hawaiian Airlines has agreed to operate at least 10 Airbus A330-300 Freighters for Amazon and has granted the online retailer rights to own 15% of Hawaiian Holdings’ stock.
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NewsEurocontrol assumes no end to Russia and Ukraine airspace restrictions by 2028
Eurocontrol’s baseline expectation is that there will be no return to normal routings through Russian or Ukrainian airspace by the end of its 2028 traffic forecast window.
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NewsAirlines warned lack of common ESG metrics could limit access to capital
The airline industry is putting its access to capital at risk by failing to adopt standardised sustainability metrics, according to speakers at the Aviation Carbon 2022 event in London on 17 October.