All Strategy news – Page 18
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NewsBlacklisted Iraqi Airways seeks wet-leased aircraft for European flights
Iraqi Airways has issued a request for proposals for wet-leased or ACMI aircraft for operations to Europe amid a continued blacklisting of the carrier by the European Commission. Hoping to take advantage of a provision in the blacklisting that allows banned carriers to undertake operations via wet-lease agreements with other ...
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News
Former Ryanair executive returns to Malta with Wizz Air
Wizz Air has announced that its new Maltese subsidiary will be led by former Ryanair executive Diarmuid O Conghaile. The low-cost group expects to launch the new unit “later this year”, it said on 15 August, with O Conghaile becoming managing director from 1 November, having stepped down from his ...
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News
Thai Airways narrows Q2 losses as travel recovers
Thai Airways narrowed its second-quarter loss, as passenger travel demand soared with the reopening of borders.
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Analysis
Cathay’s shift in tone underscores intent to show it’s back in business
Cathay Pacific has arguably been among the hardest hit of airlines by Covid travel limitations over the past two years. However the Hong Kong carrier in its half-year results now appears to be cautiously positive about its future prospects, though travel restrictions remain a challenge.
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Newsletter
Dreamliner deliveries resume but capacity constraints remain
Boeing’s much-awaited resumption of 787 deliveries on Wednesday provided a welcome boost for the manufacturer and Dreamliner customers who have been facing operational headaches caused by the aircraft delays. American Airlines became the first airline to take delivery of a 787 since US regulators gave Boeing the green light to ...
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News
Azul reports record Q2 revenue as cargo, corporate demand rise
Brazil’s Azul has posted record second-quarter revenue as it profited from increased demand for corporate travel and freighter services.
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News
Turkish Airlines boosts first half profits on strong passenger returns
A strong second quarter helped Turkish Airlines post an operating profit of $786 million for the first half of the year on a near doubling in revenues compared with the same period last year.
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News
Emirates rolls out cabin refresh in $2 billion soft product upgrade
Emirates is to embark on an “extensive and record-breaking” aircraft interior refurbishment, as part of a $2 billion investment into improving its inflight cabin experience.
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News
LATAM benefits from easing of travel restrictions in Q2
LATAM Airlines Group benefited from increased passenger demand during the second quarter of 2022 as numerous Latin American countries relaxed travel restrictions, making travel easier than it has been for two years.
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In depth
Airline Business Covid-19 recovery tracker: August 2022 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
Mesa posts fiscal Q3 loss amid increasing pilot shortage issues
Mesa Air Group, the parent company of Mesa Airlines, posted a loss for its fiscal third quarter as the company’s block hours fell and it continues to suffer from the pilot shortage.
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News
Sun Country sees higher leisure demand, struggles with ‘training challenges’
Sun Country Airlines notched higher revenue during the second quarter of 2022, as leisure travel demand rose. However, the Minneapolis, Minnesota-headquartered carrier joins its airline peers across the USA in struggling with ensuring it has enough qualified and current flight crew to cover all of its needs.
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News
Titan cuts losses and sees profits ahead after freight expansion
UK carrier Titan Airways highlights the diversification of its activities, including the introduction of Airbus A321 converted freighter operations, as driving a sharp cut in losses for the year ending March 2022 and bright prognosis for the coming year.
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News
New Ethiopian Airlines chief aims for near-doubling of fleet under 2035 roadmap
Recently appointed Ethiopian Airlines chief executive Mesfin Tasew has embraced the ‘Vision 2035’ roadmap introduced by his predecessor Tewolde GebreMariam in 2019, as he aims to keep the carrier on an aggressive growth path.
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Analysis
Airlines report profits amid troublesome geopolitical and economic outlooks
The current financial results season has seen more airline groups return to profit for the quarter ending 30 June, with many reporting higher-than-expected demand and strong yields in passenger and cargo markets. The latest to report is Lufthansa Group, which today cited a “boom in demand for airline tickets” as ...
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News
Canada Jetlines delays first revenue flights to 29 August
Start-up leisure carrier Canada Jetlines has pushed back its launch date less than two weeks before it was due to operate its inaugural flight.
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News
Atlas Q2 revenue climbs to $1.2b due to greater cargo demand
Atlas Air Worldwide Holdings, the parent of cargo and passenger carrier Atlas Air, profited from greater cargo volumes amid restricted capacity in the second quarter of 2022.
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News
Apollo-led investor group to acquire Atlas Air Worldwide for $5.2bn
US freight and passenger carrier Atlas Air Worldwide Holdings has agreed to be acquired by an investor group led by Apollo Global Management in an all-cash deal worth $5.2 billion.
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News
Airbus and Boeing delays add to ‘global supply bottleneck’: Lufthansa chief
Aviation is facing a “global supply bottleneck”, in the view of Lufthansa Group chief executive Carsten Spohr, which will constrain capacity going into 2023 and support “sustainable” yields at the European airline group. “The times of overcapacity as we have seen, for example, right before the pandemic, we believe are ...
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News
IndiGo’s international market rests on domestic strength
Indian low-cost carrier IndiGo views its dominance in India’s domestic market as a key element in its international growth strategy.
