All Strategy news – Page 86
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NewsAustralian competition watchdog seeks to block Virgin Australia-Alliance partnership renewal
Australia’s competition watchdog is proposing to reject an extension of a charter partnership between Virgin Australia and Alliance Aviation, citing concerns that it could “eliminate competition” in the lucrative Fly-In, Fly-Out (FIFO) market.
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NewsUS transportation chief squarely blames airlines for last summer’s operational meltdown
US transportation secretary Pete Buttigieg is insisting that airlines, not the Federal Aviation Administration, are primarily responsible for last summer’s US air travel meltdown, saying airlines scheduled more flights than they could staff.
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NewsAlaska Airlines posts Q3 profit despite higher fuel prices, new labour deals
Alaska Air Group turned a narrow profit in the third quarter, reporting income of $40 million for the three months ending 30 September.
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NewsAmerican earns nearly $500m in third-quarter profit
American Airlines turned a $483 million profit in the third quarter of 2022, more than double its profit in the same period last year and also up from the comparable 2019 pre-pandemic period.
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NewsLack of clarity on aviation’s non-CO2 effects ‘creates risk’ in net-zero push
Commercial aviation must monitor the science relating to the impact of non-CO2 factors on climate change, according to speakers at the Aviation Carbon 2022 conference in London on 17 October.
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NewsJetBlue-Spirit deal approved by Spirit shareholders
Shareholders of Spirit Airlines approved on 19 October JetBlue Airways’ $3.8 billion bid to purchase the low-cost carrier, potentially signalling a dramatic shift in the North American discount airline market.
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NewsCanadian start-up Lynx Air charts course with new chief operating officer
Canadian start-up airline Lynx Air named Jim Sullivan as its new chief operating officer on 18 October as the company seeks to carve out a place among North American discount carriers.
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NewsSouth Korea’s T’way Air enters long-haul market with Sydney launch
South Korean low-cost operator T’way Air is to launch flights to Sydney in December, marking its foray into the long-haul market months after adding widebody aircraft into its fleet.
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NewsUnited upbeat on profits path after revenues surge in strong third quarter
United Airlines expects its adjusted operating margin to top 2019 levels for the first time in the fourth quarter after reporting a strong three months ending 30 September in which revenues were 13% above pre-pandemic levels.
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NewsFlyExclusive to become public company by joining with EG Acquisition
Private charter jet operator FlyExclusive is the latest aviation company hoping to benefit from a merger with a special purpose acquisition company (SPAC).
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NewsDoes recession threaten Latin American airlines’ hard-won successes?
Successfully navigating their airlines through Covid-19 was a major accomplishment, but Latin American CEOs remain wary of what lies ahead.
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NewsMexican antitrust authority approves Allegiant-Viva Aerobus joint venture
North American ultra low cost carriers Allegiant Air and Viva Aerobus were authorized 17 October by Mexico’s Federal Economic Competition Commission (COFECE) to move forward with a proposed transborder commercial alliance.
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NewsAerolineas Argentinas aims for 10 more 737 Max jets over next three years
Aerolineas Argentinas hopes to add 10 more Boeing 737 Max jets over the next three years under a fleet growth plan.
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NewsCathay’s network recovery ‘on course” as traffic improves on easing of curbs
Cathay Pacific is set to ramp up flying through the end of the year – with flights to more points in its network restored – as it confirms that it is “on course” for recovery.
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NewsCargo remains essential to health of Latin American airlines: ALTA president
Cargo remains essential to the financial health of the Latin American aviation industry in the post-pandemic environment, according to the region’s airline executives.
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Airline BusinessStrong demand trends for Latin region but economic concerns ahead
Delegates are set to gather in Buenos Aires on 16 October for the 18th edition of the ALTA AGM & Airline Leaders Forum – an event that takes place against a backdrop of positive developments relating to Covid-19 but with challenges emerging elsewhere.
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NewsLATAM Airlines Group set to exit Chapter 11 in November after securing funds
LATAM Airlines Group expects to exit the Chapter 11 bankruptcy process in the first week of November, having secured the required financing.
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NewsLufthansa to install enclosed first-class suites in new group-wide long-haul cabin
Lufthansa Group has launched the ‘Allegris’ cabin product for its long-haul fleet, which will see its first-class passengers benefit from enclosed suites for the first time.
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NewsFlydubai to wet-lease 737-800s from Smartwings
Flydubai is again looking to Smartwings for leased capacity going into the busy seasonal travel period.
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NewsDelta has ‘plan B’ in case Boeing 737 Max 10 misses critical FAA deadline
Delta Air Lines is still counting on the US aviation regulator to certificate the Boeing 737 Max 7 and 10 models without extensive and expensive cockpit modifications, even though those certifications are delayed and may miss a critical deadline.