All Strategy news – Page 17
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NewsEVA Air orders four more 787-10s
EVA Air has disclosed an agreement for four Boeing 787-10s, boosting its widebody orderbook.
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NewsGrupo Aeromexico seeks listing on US stock exchange
Grupo Aeromexico has filed to make an initial public offering, completion of which would see the parent company of Aeromexico traded on the New York Stock Exchange.
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Airline BusinessHow the US ‘struck out’ on the Aeromexico-Delta joint venture
A fight over the future of US-Mexico air service is ongoing in the corridors of Washington, DC, with the US Department of Transportation (DOT) objecting to new capacity limits at Mexico City’s Benito Juarez International airport by cracking down on airline partnerships.
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News‘Not our DNA’: Cebu Pacific rules out long-haul foray
Cebu Pacific chief Mike Szucs has ruled out venturing into long-haul operations, despite acknowledging that the “best fare growth” has been seen on these routes in the post-pandemic operating environment.
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NewsGol and Avianca owner Abra to invest in Spanish charter carrier Wamos Air
Abra intends to invest in Wamos Air under a deal both companies say will enable expension, though details remain unavailable
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NewsThai Airways to exit restructuring in 2024 as first-quarter profit shrinks
Thai Airways International expects to wrap up its restructuring this year, capping off close to four years of business rehabilitation following the Covid-19 pandemic.
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NewsCebu Pacific doubles first-quarter profit
Cebu Pacific saw its first-quarter profit double as a jump in revenue – driven by strong passenger travel demand – outpaced an increase in costs.
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NewsAlaska and Hawaiian agree not to consummate deal for 90-day period
Alaska Airlines cannot close its acquisition of rival US carrier Hawaiian Airlines until 5 August under an agreement with the US Department of Justice. During a 90-day waiting period that began on 7 May and will end on 5 August, the West Coast carriers cannot complete their proposed $1.9 ...
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NewsKorean Air to focus on ‘route profitability’ as capacity nears full recovery
Korean Air will prioritise “route profitability” in light of intensifying global competition, as it saw first-quarter profits improve on the back of strong passenger and cargo demand.
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Airline BusinessSun Country profitable as other US discounters slog through first quarter
As leading ultra-low-cost carriers in the USA embark on wholesale network changes in response to shifting market dynamics, one smaller airline is sticking to its guns.
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NewsBonza unlikely to see return of seized fleet, as grounding drags on
Bonza is unlikely to get its fleet of seized Boeing 737 Max 8 jets back from lessor AIP Capital, adding to the embattled low-cost carrier’s woes as its suspension of operations is extended for another week.
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Airline BusinessUS airline industry ‘evermore rigged game’ favouring major carriers: Spirit Airlines CEO
Now at liberty to talk freely about the defunct deal with JetBlue, Spirit Airlines’ chief executive Ted Christie alleges that the US airline system is “rigged” against smaller carriers.
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NewsUS government approves Frontier to use new trade name ‘Frontera’
US discount carrier Frontier Airlines has received approval to use the new trade name “Frontera” for at least some of its operations, though details about the plans remain unclear.
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NewsSpirit lost $143m in first quarter as airline pursues cost and capacity cuts
Spirit Airlines lost $143 million in the first quarter of 2024 amid heightened competitive pressures and other factors that have prompted the airline to shrink its operation and to seek out cost savings.
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NewsAlaska receives $61m Boeing credit for Max 9 grounding
US carrier Alaska Airlines has received an additional $61 million in credits from Boeing as compensation for the mid-flight blow-out of a door plug on Alaska flight 1282 and subsequent grounding of its 737 Max 9s
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NewsLATAM Airlines Group first-quarter profit reaches $258m
LATAM Airlines Group reported a first-quarter profit of $258 million, a record for the period, profiting of ongoing strong demand during Latin America’s high travel season.
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Airline BusinessWhy IndiGo believes time is right for widebody move with A350 order
IndiGo’s recently announced firm order for 30 Airbus A350-900s and 70 options marks the latest headline-grabbing move from an airline that is keen to make use of its unusually solid foundations in India’s often unforgiving airline market.
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NewsAeroflot claims lowest first-quarter net loss in five years
Russian flag-carrier Aeroflot has turned in a first-quarter net loss of Rb6.9 billion ($75.3 million), but states that this is its lowest loss for the period in five years. It says the result – under Russian accounting standards – illustrates a “trend of progressive improvement”. Aeroflot says it achieved the ...
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NewsJAL doubles full-year profit amid spike in LCC, international revenue
Japan Airlines’ full-year earnings soared past pre-pandemic levels, as the airline benefited from a surge in inbound travel demand, along with strict cost controls.
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NewsAir Canada lost C$81m in first quarter as costs rose
Air Canada lost C$81 million ($59 million) in the first quarter of 2024 as higher costs related to increased capacity, and less cargo revenue, weighed on the company.