All Strategy news – Page 17
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NewsAir Arabia reports Q3 revenue ahead of 2019 level as Fly Jinnah begins operations
Air Arabia Group’s third-quarter revenue of Dhs1.61 billion ($436 million) was 12% up on the same period of 2019, as the low-cost group benefited from the recovery in air travel demand. It outlined its July-September earnings on 9 November, days after its latest joint-venture operation, Pakistani carrier Fly Jinnah, commenced ...
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Analysis
Latin carriers re-emerge from crisis but with fresh uncertainties ahead
Passenger numbers are back to pre-pandemic levels in Latin America and financial restructurings are completed. Now attention is turning to consolidation and partnership to help airlines in the region better weather challenges ahead, be they familiar local issues like high taxes and inflation, or the fresh global economic headwinds.
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News
Cebu Pacific narrows quarterly loss as revenue jumps five-fold
Cebu Pacific trimmed its operating loss for the third quarter on the back of a significant increase in passenger travel revenue, despite it being a “lean season”.
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In depth
Latest Airline Business Index shows Q3 revenue matched pre-Covid level
The latest Airline Business Index shows the global airline industry’s revenue during the third quarter of 2022 matched that seen in the same month of 2019, marking the first time any of the four measures have achieved that milestone since Covid-19 hit.
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News
Avianca slams Colombian authorities for blocking plan for ‘rescuing’ Viva Air
Avianca has slammed an 8 November decision by Colombia’s civil aviation authority to block its planned tie up with financially struggling low-cost competitor Viva Air.
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News
LATAM cuts Q3 losses as revenues almost back to pre-pandemic levels
LATAM Airlines Group revenues moved to within 3% of pre-crisis levels in the third quarter as it posted an adjusted operating profit of $63 million for the period.
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News
Colombian regulators reject Avianca-Viva Air tie up
Colombia’s aviation regulator has rejected a tie-up between Avianca and financially strapped low-cost carrier Viva Air.
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News
IndiGo still cool on hedging despite fuel and currency challenges
IndiGo remains unconvinced that fuel and foreign exchange hedging would be beneficial to the business, despite such costs weighing heavily on its financial performance in its fiscal second quarter.
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News
Porter expands in Ottawa to service growing fleet
Canadian regional carrier Porter Airlines is expanding with a C$65 million ($48.2 million) facilities upgrade at Ottawa International airport.
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News
WestJet to use SAF for flights from San Francisco to Calgary
Canadian passenger carrier WestJet has committed to temporarily operating flights from San Francisco to Calgary using sustainable aviation fuel (SAF).
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News
IndiGo reels from currency impact as Q2 net loss hits Rs15.8 billion
Low-cost carrier IndiGo reported a net loss of Rs15.8 billion ($192 million) for the three month period ending 30 September, as currency losses and fuel costs weighed on the operator’s performance during what is seasonally its weakest quarter.
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News
Singapore Airlines reports highest-ever group operating profit and revenue for Q2
Singapore Airlines Group recorded its highest-ever operating profit and revenue for its fiscal second quarter, despite passenger capacity and traffic still being significantly down on pre-Covid levels.
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News
Turkish Airlines reports Q3 net profit of $1.5bn as passenger revenue surges
Turkish Airlines has reported a net profit of $1.5 billion for the third quarter of 2022, as capacity, traffic and yields – as well as costs – surged beyond pre-Covid levels.
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News
LATAM Airlines Group completes restructuring and exits Chapter 11
LATAM Airlines Group has completed its restructuring and has exited bankruptcy proceedings.
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News
Frontier Airlines eyes expansion in Dallas
Frontier Airlines plans to open a new crew base at Dallas-Fort Worth International airport in mid-2023 that would employ up to 120 pilots and 220 flight attendants.
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News
Atlas Air posts $60.1 million Q3 profit with acquisition looming
Third-quarter profits were down year-on-year for Atlas Air Worldwide Holdings, the parent of cargo and passenger carrier Atlas Air, as the airline grappled with “operational disruptions”.
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News
TAP chief welcomes acquisition interest as carrier reports record Q3 revenue
TAP Air Portugal’s chief executive has welcomed the interest from Air France-KLM – and potentially others – in acquiring a stake in the Star Alliance carrier as it reported its highest-ever third-quarter revenue and forecast a “good” full-year performance.
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News
Allegiant, hit hard by Hurricane Ian, reports third-quarter loss of $46.5m
Allegiant Travel Company, parent of Allegiant Air, reported a loss of $46.5 million in the third quarter as revenue – and costs – surged significantly.
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News
Aeroitalia signs for three 737 Max 8s from Air Lease
Aeroitalia is to take three Boeing 737 Max 8 jets on long-term placements from Air Lease, as the Italian start-up carrier seeks to expand its operations in the coming years.
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News
Virgin Atlantic sees growth path ahead after debuting A330neo
Virgin Atlantic expects to be operating five more aircraft in summer 2023 than it did this year after launching services with its first Airbus A330neo.
