All Strategy news – Page 15
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NewsBaffled Ryanair vows to appeal EU ruling on €8.4m in ‘illegal’ state aid
Low-cost group Ryanair has vowed to appeal what it describes as a “bizarre” ruling by the European Commission that it benefited from illegal state aid relating to France’s La Rochelle airport between 2003 and 2010. In approving the financial aid provided by the French government to La Rochelle and Beauvais ...
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News
Lufthansa cancels more than 1,000 flights as ground staff strike
Lufthansa has cancelled more than 1,000 flights on and around 27 July in response to a “warning strike” by members of the Verdi trade union over a pay dispute. The action involves around 20,000 ground staff from across the Lufthansa Group’s German units and comes with the mainline carrier already ...
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News
EasyJet takes £133m disruption hit but says operations now ‘normalised’
EasyJet recorded a loss before tax of £114 million ($137 million) for the three months ending 30 June 2022, as operational disruption had a £133 million cost impact. Providing a fiscal third-quarter trading update on 26 July, the UK-based low-cost carrier lamented capacity caps imposed by London Gatwick and Amsterdam ...
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News
US lawmakers propose hiking pilot retirement age to 67
US lawmakers have proposed hiking the mandatory retirement age for US airline pilots to help alleviate what airlines say is an increasingly acute pilot shortage.
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Condor orders 41 Airbus A320neo-family jets
German leisure carrier Condor has ordered 41 Airbus A320neo-family aircraft as its fleet renewal focus shifts to short- and medium-haul jets. The announcement marks another Airbus order win from the carrier, which is already set to receive its first A330neos from late 2022 as it replaces its previous-generation A330s and ...
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News
Alaska Air Group posts second-quarter profit of $139m
Alaska Air Group, the parent company of Alaska Airlines, says strong post-pandemic demand for air travel supported record revenues during the second quarter of 2022.
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Mexico’s Volaris boosts revenue during second quarter
Mexican ultra-low-cost carrier Volaris boosted sales in the second quarter of the year as capacity climbed and load factors remained “healthy”.
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American bounces back to profitability in Q2
American Airlines earned a profit in the second quarter of the year – its first quarterly profit since the Covid-19 pandemic – as passenger demand bounced back
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Interview
‘Cathay is back’: Airline chief Tang strikes confident tone after tumultuous period
Few airlines have been hit harder by outside factors in the recent past than Cathay Pacific. But chief executive Augustus Tang is confident that good times will return
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Kenya Airways and SAA seal codeshare as partnership plans begin
Kenya Airways and South African Airways have struck a codeshare agreement, marking a first step in wider partnership plans between the two African carriers.
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ITA Airways set to welcome A220s and A320neos in Q4, A330neos in 2023
Italian carrier ITA Airways expects to receive its first Airbus A220s and A320neos in the fourth quarter, as it continues to ramp-up operations following its October 2021 launch. The Alitalia successor’s chief executive Fabio Lazzerini outlined the carrier’s fleet plans during a briefing at the Farnborough air show on 19 ...
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ITA Airways has ‘very nice and creative ideas’ for Alitalia brand
Italian carrier ITA Airways insists it is committed to establishing its brand on the international stage, even as it develops plans to leverage ownership of its predecessor operation’s name. ITA – which now says its name is pronounced as ‘eeta’, rather than being an abbreviation of Italia Trasporto Aereo – ...
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UK transport secretary says ’permission to fly’ at stake as he launches net-zero strategy
UK secretary of state for transport Grant Shapps has warned that the aviation industry will lose its “permission to fly” if it does not act to address its environmental footprint. Shapps was speaking at the Farnborough air show on 19 July, where he launched the UK government’s “pitch to get ...
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Interview
How JetSmart chief Estuardo Ortiz intends to transform the way Latin America travels
Almost half of ultra-low-cost carrier JetSmart’s existence has been within the Covid-19 pandemic, but chief executive Estuardo Ortiz says the Chile-based operator is back on the growth path and hopes to persuade one bus passenger at a time to try its services
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News
Lufthansa Group expects to report Q2 profit despite passenger airline loss
Lufthansa Group expects to report an operating profit for the second quarter of 2022, driven by the performance of its cargo and MRO units.
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Interview
AirAsia X chief charts cautious recovery after restructuring
Malaysia-based AirAsia X is “treading cautiously” after its restructuring, as it looks to building back its operations in an environment that is slowly reopening after two years of the pandemic.
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News
Delta posts $735m profit as leisure and international travel come back strong
Delta Air Lines posted a $735 million profit for the second quarter of 2022, with its post-Covid-19 recovery still driven by leisure-travel demand and as international travel returns slowly to pre-pandemic levels.
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Spirit again postpones Frontier acquisition vote
Spirit Airlines has again delayed a planned shareholder meeting as it seeks to garner more stockholder support for a planned acquisition by Frontier Airlines.
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EU considers return to 80:20 airport slot rule but with relief tool
The European Commission has proposed a return to the pre-Covid 80:20 ‘use it or lose it’ airport slot rule in the coming winter season, but with exceptions in the case of significant air-travel disruption.
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News
Heathrow airport caps daily passengers and tells airlines to halt ticket sales
London Heathrow airport has announced a capacity cap for the peak summer travel season and requested that its airline customers stop selling tickets for the period, citing the challenges posed by the “legacy of Covid”.
