All Strategy news – Page 15
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NewsAir Arabia posts record profit as traffic surged back in 2022
Air Arabia posted record net profits for 2022 as strong demand and expansion into new markets helped the low-cost operator surpass pre-pandemic passenger levels.
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News
Japan’s Skymark Airlines returns to nine-month profit
Skymark Airlines returned to profitability in its nine-month earnings, buoyed by a return of leisure domestic travel demand.
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News
Hawaiian Airlines pilots accept new contract with 32% pay raise
Pilots at Hawaiian Airlines have approved a new contract which will give them an average pay raise of 32% over four years.
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Podcast
Airline Business Podcast: Do airline failures belie brighter outlook?
Graham and Lewis discuss the recent collapses of European carriers Flybe and Flyr, asking whether those developments belie a much brighter outlook for the industry in 2023.
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Newsletter
Investors see value in airlines as 2023 outlook improves
Our latest airline share-price tracker reflects positive sentiment towards an industry that has plenty of reasons for optimism heading towards the northern hemisphere summer.
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News
SIA, Vietnam Airlines eye commercial cooperation
Singapore Airlines and Vietnam Airlines are looking to deepen their relationship, following the signing of a memorandum of understanding (MOU) on commercial collaboration.
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News
Mesa Airlines reports fiscal Q1 loss, braces for breakup with American Airlines
Mesa Airlines Group, parent of US regional carrier Mesa Airlines, reports a modest loss in the first quarter of its fiscal year as it prepares to separate from longtime partner American Airlines in favour of a new deal with United Airlines.
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News
‘We messed up’: Southwest executive testifies on airline’s holiday meltdown
A Southwest Airlines executive faced grilling from Washington lawmakers regarding the carrier’s system-wide operational meltdown that resulted in the cancellation of 16,700 flights and stranded hundreds of thousands of air travellers at the end of 2022.
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In depth
Airline Business Covid-19 recovery tracker: February 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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News
Malaysia Airlines parent rejigs leadership team, group structure
Malaysia Aviation Group (MAG) – the parent company of Malaysia Airlines – has reshuffled its senior leadership team and operating structure, as it hopes to break even by this year.
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News
Frontier reports $40m profit in Q4, capitalises on ‘strong leisure market’
Ultra-low-cost carrier Frontier Airlines reports a $40 million profit in the fourth quarter of 2022 as it continues to see strong demand for leisure travel.
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News
Spirit names CFO Scott Haralson as executive vice-president following lacklustre Q4
Shortly after reporting a hefty fourth-quarter loss, Spirit Airlines has moved Scott Haralson into the role of executive vice-president and chief financial officer.
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News
Canada Jetlines appoints Rossen Dimitrov to board of directors
Start-up leisure carrier Canada Jetlines has appointed longtime airline executive Rossen Dimitrov to its board of directors.
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News
British Airways fills South African partner gap with Airlink codeshare
British Airways has sealed a codeshare agreement with South African carrier Airlink, helping to fill the void left by the collapse of long-standing franchise partner Comair last summer.
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News
‘Right decision’: AirAsia eyes return of jet operations at Subang airport
AirAsia Aviation has applied to operate up to 10 aircraft at Kuala Lumpur Subang airport, marking an “emotional” return to where it first launched operations, amid government plans to redevelop the airport for jet operations.
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News
AirAsia teases two new Southeast Asia units; eyes lease of 15 new A321neos
AirAsia Aviation has confirmed plans to lease 15 Airbus A321neos – its first major fleet expansion since the start of the Covid-19 pandemic – as the group looks to launch two more units in Southeast Asia.
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News
US DOJ decision on proposed JetBlue-Spirit tie-up expected within a month
Spirit Airlines is expecting a decision from the US Department of Justice (DOJ) on its pending acquisition by rival low-cost airline JetBlue Airways within the next 30 days.
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News
Global airline passenger traffic exceeded two-thirds of pre-Covid levels in 2022
Airline passenger traffic was just over two-thirds of 2019 levels last year, in a 12-month period marked by an initially strong recovery from the Covid-19 pandemic that then plateaued across the last few months of the year.
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News
Spirit Airlines loses $271m in Q4, searches for ‘sustained profitability’
Spirit Airlines is still searching for “sustained profitability” after losing $271 million during the fourth quarter of 2022, compared with a $87 million loss during the same three months of 2021.
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News
FAA approves US cargo operations for GlobalX
US carrier Global Crossing Airlines (GlobalX) has received approval from the Federal Aviation Administration (FAA) to begin cargo operations with its Airbus A321F aircraft.
