All Strategy news – Page 93
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NewsTitan cuts losses and sees profits ahead after freight expansion
UK carrier Titan Airways highlights the diversification of its activities, including the introduction of Airbus A321 converted freighter operations, as driving a sharp cut in losses for the year ending March 2022 and bright prognosis for the coming year.
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NewsNew Ethiopian Airlines chief aims for near-doubling of fleet under 2035 roadmap
Recently appointed Ethiopian Airlines chief executive Mesfin Tasew has embraced the ‘Vision 2035’ roadmap introduced by his predecessor Tewolde GebreMariam in 2019, as he aims to keep the carrier on an aggressive growth path.
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Airline BusinessAirlines report profits amid troublesome geopolitical and economic outlooks
The current financial results season has seen more airline groups return to profit for the quarter ending 30 June, with many reporting higher-than-expected demand and strong yields in passenger and cargo markets. The latest to report is Lufthansa Group, which today cited a “boom in demand for airline tickets” as ...
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NewsCanada Jetlines delays first revenue flights to 29 August
Start-up leisure carrier Canada Jetlines has pushed back its launch date less than two weeks before it was due to operate its inaugural flight.
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NewsAtlas Q2 revenue climbs to $1.2b due to greater cargo demand
Atlas Air Worldwide Holdings, the parent of cargo and passenger carrier Atlas Air, profited from greater cargo volumes amid restricted capacity in the second quarter of 2022.
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NewsApollo-led investor group to acquire Atlas Air Worldwide for $5.2bn
US freight and passenger carrier Atlas Air Worldwide Holdings has agreed to be acquired by an investor group led by Apollo Global Management in an all-cash deal worth $5.2 billion.
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NewsAirbus and Boeing delays add to ‘global supply bottleneck’: Lufthansa chief
Aviation is facing a “global supply bottleneck”, in the view of Lufthansa Group chief executive Carsten Spohr, which will constrain capacity going into 2023 and support “sustainable” yields at the European airline group. “The times of overcapacity as we have seen, for example, right before the pandemic, we believe are ...
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NewsIndiGo’s international market rests on domestic strength
Indian low-cost carrier IndiGo views its dominance in India’s domestic market as a key element in its international growth strategy.
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NewsLufthansa Group reports Q2 profit despite disruption keeping airlines in red
Lufthansa Group achieved an operating profit of €393 million ($400 million) in the second quarter of this year and is “optimistic” for the full year, even as disruption-related costs kept its airlines unit in the red. The group’s cargo business was a standout performer for the three months to 30 ...
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NewsAllegiant posts higher Q2 revenue as costs also soar
Allegiant Travel Company, the parent of low-cost carrier Allegiant Air posted higher revenue and a small profit during the second three months of 2022 as expenses climbed.
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NewsCopa Airlines boosts second-quarter revenue to $693m
Panama-based Copa Holdings, the parent of Copa Airlines, reported higher second-quarter profit and revenue amid a difficult operating environment.
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NewsAmerican Airlines teams up with ZeroAvia to develop regional jet engine
American Airlines and zero-emissions propulsion specialist ZeroAvia have teamed up on a project to develop an engine for regional jet aircraft.
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NewsRyanair exceeded pre-Covid passenger numbers by 2 million in July
Ryanair continued to reach new traffic highs in July, as it served 16.8 million passengers – some two million more than it recorded for the same month of 2019 and 0.9 million up on the previous all-time record seen in June this year. The Irish carrier and budget rival Wizz ...
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NewsJetBlue Q2 revenue and costs rise, plans to integrate Spirit underway
JetBlue Airways boosted revenue in the second quarter of 2022 and has begun making preparations to swallow its newest prize, ultra-low-cost carrier Spirit Airlines.
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NewsAir Canada Q2 revenue surges as it experiences rapid ramp-up
Air Canada slashed its quarterly loss as travel demand soared, and the company experienced “one of the steepest ramp-ups compared to any other airline in the western world”.
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NewsBritish Airways temporarily limits Heathrow short-haul ticket sales
British Airways is limiting sales of tickets for its short-haul flights from London Heathrow Airport for at least one week, citing an earlier request from the hub to restrict new bookings. Heathrow announced in mid-July that it would cap daily departing passenger numbers for the summer peak season at 100,000, ...
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NewsANA outlines plans to achieve net-zero C02 emissions by 2050
ANA Holdings has announced its strategy to reduce carbon emissions with the aim of achieving net-zero C02 emissions by 2050.
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NewsTransat secures up to C$150m more federal financial aid
Transat AT, the parent of Canadian leisure airline Air Transat, has secured an additional payroll loan worth up to C$150 million ($117 million) from the Canadian federal government.
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Airline BusinessJetBlue is last Spirit suitor standing but hurdles still ahead
When it was announced in February that Frontier Airlines intended to buy Spirit Airlines, analysts saw plenty of logic in the move. The airlines share similar business models and fleets, they observed, and might be small enough to avoid too many complications when it came to competition oversight. Crucially, Spirit’s ...
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NewsAir France-KLM records Q2 net profit in ‘very exceptional times’
Air France-KLM recorded a quarterly net profit for the first time since 2019 in the second three months of this year, driven by resurgent revenues and high yields as Covid-related travel restrictions fell away. The result comes despite the “severe operational disruption” being seen in the group’s markets, it says, ...