All Strategy news – Page 12
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NewsRevenue jump helps privatisation target TAP swing to first-half profit
Privatisation target TAP Air Portugal turned a net profit of €22.9 million ($24.9 million) in the first half of the year, a marked improvement on losses at the same stage of 2022.
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NewsRex says pandemic’s ‘legacy effects’ to blame for full-year losses
Australia’s Regional Express (Rex) remained in the red in its full-year earnings, as it laid the blame on the “legacy effects” of the Covid-19.
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InterviewBorn during the pandemic, Taiwan’s Starlux now makes up for lost time
Few airlines share their launch date with known global events – let alone a pandemic. For Taiwan’s Starlux Airlines, it is now making up for lost time, aiming to reap the benefits of its transit-centric business model.
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News‘Confident’ AirAsia Aviation targets network recovery by year-end amid Q2 profits
AirAsia Aviation Group targets to fully recover its network by the end of this year on the back of strong leisure travel demand, which it expects to peak in the coming months.
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NewsUnion accuses Air Canada, Jazz of not honouring ‘pilot flow’ agreements
The union representing Jazz Aviation pilots has accused the Canadian regional airline – along with mainline partner Air Canada – of engaging in unfair labour practices during recent contract negotiations.
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NewsJetBlue seeks ‘serious sanctions’ following redaction error in Spirit-merger lawsuit
JetBlue Airways continues fiercely pushing back against claims that it intends to hike prices by up to 40% on Spirit Airlines’ aircraft after its proposed acquisition of the rival carrier is finalised.
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NewsAirAsia X marks a year of profitability, eyes China’s ‘massive potential’
AirAsia X expects a three-fold jump in flights to China by the end of the year, amid optimism of the market’s “massive potential”, and as the carrier posts its fourth consecutive quarterly profit.
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NewsUS DOT fines American Airlines $4.1m for tarmac delay violations
The US Department of Transportation (DOT) has fined American Airlines $4.1 million for violations associated with lengthy tarmac delays, the largest civil fine ever issued for these kinds of transgressions.
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NewsJetBlue pushes back on reports that it plans to hike fares 40% after acquiring Spirit
JetBlue Airways is pushing back on media reports that it plans to raise fares after completing its proposed $3.8 billion acquisition of Spirit Airlines.
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NewsletterIs Ryanair right about competition in Germany’s airline market?
Although Ryanair and its chief executive Michael O’Leary have a long history of criticising Lufthansa’s market dominance, the Irish carrier’s latest complaints regarding German airport fees highlight some noteworthy market dynamics in the country at this stage of the Covid-19 recovery.
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NewsCourt filing reveals JetBlue plan to hike fares after acquiring Spirit: report
A failure to properly redact sections of court documents has seemingly revealed JetBlue Airways’ plans to hike fares as high as 40% on Spirit Airlines aircraft following its proposed acquisition of the ultra-low-cost carrier.
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NewsNorwegian having ‘one of the best summers ever’ as bookings stay strong
Norwegian is seeing no slowdown in the strong bookings trends it has experienced so far this summer, with its profitable second-quarter performance expected to extend into the current three-month period.
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NewsNorwegian evaluating 737 Max 10 after receiving ‘new information’ on range
Norwegian is “seriously evaluating” converting some of its Boeing options into a 737 Max 10 order, with the variant potentially suitable for destinations such as the Canary Islands and an unannounced new base.
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In depthNew business-class carrier Bermudair ‘akin to a private jet’ service: CEO
Bermudair is betting that Bermuda’s sizeable business community will sustain its planned flight frequencies and allow for potential network and fleet expansions.
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News‘Remarkable turnaround’: Qantas swings to record annual profit after three years of losses
Australia’s Qantas Group swung back to its first full-year profit since 2019, on the back of “significantly higher” revenues from strong travel demand.
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NewsUS start-up carrier Red Way to cease operations two months after launch
Start-up carrier Red Way is ceasing operations roughly two months after launching out of Lincoln, Nebraska, ending an experiment that involved a unique low-cost business model.
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In depthAir Cahana’s CEO details plan to ‘clean up’ aviation with hydrogen power
Southern California start-up Air Cahana has an ambitious plan to establish and expand hydrogen-powered regional air service in the Southwest USA this decade.
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NewsAmerican Airlines pilots accept new deal that will boost pay up to 46%
American Airlines’ pilots have voted to accept a new contract proposal that promises pay raises of up to 46%, according to the Allied Pilots Association (APA).
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NewsAustralian competition watchdog extends Qantas-Emirates partnership
The Australian Competition and Consumer Commission (ACCC) has allowed Qantas and Emirates to continue coordinating their operations for another five years.
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NewsSurf Air forecasts ‘rapid growth’ in first quarterly disclosure since public listing
California start-up Surf Air Mobility has disclosed second-quarter results reflecting its recent acquisition of regional carrier Southern Airways.