All Strategy news – Page 17
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Airline BusinessAir Transat hopes for additional lift with ‘Elevation’
Facing a host of issues, Air Transat has launched a new strategic programme that promises to improve pre-tax earnings by C$100 million
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NewsAir Canada asks labour minister to block pilot strike as government pushes back
Air Canada is calling on Canada’s minister of labour to prohibit the airline’s pilots from walking off the job, though the minister insists the parties should reach an agreement without government interference.
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NewsAir Transat CEO blasts Air Canada request to government to prevent pilot strike
Air Transat chief executive Annick Guerard blasted competitor Air Canada for asking the Canadian government to intervene in a conflict with its pilots to avoid a strike set to begin later this week.
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NewsTransat struggles in fiscal third quarter amid lower yields and aircraft groundings
Transat AT, the parent of Canadian leisure operator Air Transat, has posted lower fiscal third-quarter earnings as aircraft availability due to Pratt & Whitney engine issues and lower yields put pressure on the company.
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NewsAegean boosts first-half revenue during busy European summer travel season
Aegean Airlines boosted revenue for the first half of the year as both international and domestic networks delivered higher results during the European summer travel season.
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Airline Business‘Battered’ by operational woes, Malaysia Airlines parent ready to move on
Launching a new route amid a well-publicised series of operational snags might seem like an odd juxtaposition, but to Malaysia Aviation Group chief executive Izham Ismail it was the perfect opportunity to “clear the air” and show the airline’s commitment to safe operations.
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NewsIndonesia AirAsia ‘in final stages’ of Garuda co-operation, eyes fleet expansion
Indonesia AirAsia says it is finalising a co-operation agreement with compatriot Garuda Indonesia and is targeting a significant fleet expansion in the near term.
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NewsGary Kelly and six of Southwest’s board members to resign at Elliott’s behest
Pressure from Elliott Investment Management has forced change at Southwest Airlines, which is now planning a major overhaul of the company’s board of directors.
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NewsAir Canada prepares to shut down ahead of potential pilot strike
Air Canada is preparing to suspend “most of its operations” as a pilot strike looms amid ongoing negotiations with union the Air Line Pilots Association, International (ALPA) over a new contract.
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NewsMalaysia Airlines parent braced for earnings hit from operational woes
Malaysia Aviation Group – the parent company of national carrier Malaysia Airlines – expects its profitability to “take a beating” following a spate of operational woes, though the full financial impact remains to be seen.
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NewsAllegiant’s chief marketing officer Scott DeAngelo resigns
Allegiant Travel Company, parent of ultra-low-cost carrier Allegiant Air, has disclosed the resignation of chief marketing officer Scott DeAngelo, effective 30 September.
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NewsJetBlue’s revenue boosted by IT disruptions at major US airlines
JetBlue Airways effectively capitalised on the IT-related struggles of major US airlines that were forced to cancel thousands of flights starting in late July, boosting its third-quarter revenue projections.
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NewsAegean positions to become Volotea shareholder with €25m investment
Greek carrier Aegean Airlines intends to take a stake of up to 21% in Spanish low-cost carrier Volotea after it participated in a round of fundraising with the latter’s shareholders.
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NewsChina Eastern to absorb low-cost unit OTT Airlines
China Eastern Airlines is to merge its OTT Airlines subsidiary into mainline operations, marking an end to the low-cost operator’s short-lived stint.
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NewsAzul in ‘active negotiations’ with stakeholders to return to profitability
Brazil’s Azul has clarified that it is developing a new plan to return to profitability following a media report that it was weighing options for its future, ranging from additional equity support to Chapter 11 bankruptcy protection.
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NewsAirAsia eyes significant network expansion as Q2 earnings improve
The AirAsia Aviation Group intends to launch 23 new routes across its five units in Southeast Asia by end-September, a significant expansion that comes amid an improvement in earnings.
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NewsUnited uneasy with implications of Alaska-Hawaiian tie-up
United Airlines is wary of how it stands to be affected by Alaska Airlines’ proposed acquisition of Hawaiian Airlines, it has told the US Department of Transportation (DOT).
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NewsBrazilian legislature approves R5bn in credits for the country’s airline sector
The Brazilian legislature has passed a bill that will provide R5 billion ($914 million) in credits for its struggling airlines.
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NewsQantas expects first A321XLR in April 2025
Qantas has confirmed it will receive its first Airbus A321XLR aircraft in April 2025, a delivery delay of a few months caused by ongoing supply chain issues.
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NewsQantas full-year profit down 16% as yields moderate
Australia’s Qantas Group saw a decline in its full-year earnings, amid falling passenger yields and higher spending to improve its reputation.