All Strategy news – Page 19
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NewsAmerican turns $127m profit in 2022 as soaring expenses eat into record revenues
American Airlines made a $127 million profit in 2022 as surging expenses offset what was a record year of revenue for the Fort Worth-based carrier.
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Wizz sees strong summer ahead as currency gains boost third quarter
European budget carrier Wizz Air is confident of returning to profit and pre-Covid utilisation in the next financial year after more than doubling its revenues in its latest financial quarter.
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AirAsia Aviation units still below half pre-Covid traffic, despite ‘strong recovery path’ in 2022
AirAsia Aviation units were operating at less than half of pre-pandemic capacity – with total passenger volume also far from 2019 levels – despite seeing an “exceptional increase” in demand as international travel resumed in 2022.
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EasyJet expects to beat full-year profit expectations after cutting Q1 losses
EasyJet expects to beat current market expectations for full-year profits after narrowing losses in a stronger than expected first quarter of its financial year.
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United takes 10% stake in Mesa Air Group, valued at $10.5m
United Airlines has taken a 10% stake in Mesa Air Group, the parent of Mesa Airlines, valued at $10.5 million.
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Air India merger partner Vistara posts first quarterly profit
Vistara recorded a net profit before currency costs for the three months ending December, the first time the Indian carrier, a joint venture between Tata Sons and Singapore Airlines, has posted a profitable quarter since it began operations in 2015.
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Delta to begin Los Angeles-Auckland flights in October
Delta Air Lines intends in October to begin flying for the first time between Auckland and Los Angeles, becoming the only US carrier connecting the two cities.
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Cathay flags steeper full-year net loss, but ‘excited’ about 2023 outlook
Cathay Pacific Group expects to report a steeper net loss for the 2022 financial year on the back of “significant losses” from its associates, but remains “encouraged” about its recovery in the new year.
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Newsletter
Aircraft shortage emerging amid ‘endemic’ delivery delays
Lessor Avolon this week joined other stakeholders in warning that a shortage of commercial aircraft is a growing theme around the world amid “endemic” delays to the delivery of new jets.
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Hawaiian Airlines’ pilots to vote on new contract
Hawaiian Airlines’ pilots have come to a tentative agreement with the airline on a new four-year contract.
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Colombia’s Aerocivil to again review proposed Avianca-Viva tie up
Colombia’s civil aviation authority has annulled its earlier rejection of a proposed merger between Avianca and financially strapped discounter Viva Air, saying it will restart a review without forcing the companies to re-apply.
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Delta pilots’ union to ballot members after agreeing new contract terms
Pilots at Delta Air Lines are to vote on a new employment contract after union leaders backed a tentative new agreement.
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Ryanair chief encouraged by 737 Max ‘production ramp-up’ at Boeing
Ryanair has observed an improvement in Boeing’s output of 737 Max jets following issues with production delays last year, prompting the carrier to upgrade its delivery expectations for the coming months.
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Kenya Airways turnaround plan aims to end state support by end of 2023
Kenya’s government is aiming to end the requirement for further state financial support for Kenya Airways by the end of the year under a turnaround plan being implemented.
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Southwest pilots’ union president calls for vote to authorise strike
Casey Murray, president of the Southwest Airlines Pilot Association (SWAPA), is calling for a vote to authorise a potential strike in the wake of the carrier’s operational collapse during the peak of holiday air travel.
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Airline operating environment has changed ‘profoundly’: Kirby
United Airlines’ chief executive Scott Kirby believes the dramatic shift in operating environment for airlines following the Covid-19 pandemic requires new ways of doing business.
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Lufthansa submits bid for ITA Airways as it seeks exclusive talks
Lufthansa has submitted an offer for ITA Airways under which it aims to secure a deal to initially acquire a minority stake in the Italian carrier with an option to take full ownership at a later date.
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Air Serbia follows return to profit with Qatar Airways codeshare
Air Serbia will next month begin codesharing with Gulf carrier Qatar Airways, building on an existing interline agreement.
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Ryanair chief keener on organic growth than ‘pain in the arse’ acquisitions
Ryanair is likely to focus on organic growth in the coming years, having found its acquisitions to be “a pain in the arse”, according to group chief executive Michael O’Leary
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United reports first full-year profit since 2019
United Airlines earned a profit of $737 million in 2022, the first time since 2019 that it ended the year in the black.
