All Strategy news – Page 20
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Airline Business
Why growing Ryanair expects European short-haul capacity to fall this summer
Ryanair believes that European short-haul capacity will be down year on year in the coming summer season, leaving it significantly below pre-Covid levels, in a development that will support higher fares.
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News
ANA delays Nippon Cargo takeover again
All Nippon Airways parent ANA Holdings has postponed its takeover of Nippon Cargo Airlines for a second time, saying that anti-trust authorities need more time to review the deal.
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News
US regional carrier Silver Airways expands reach through codeshare with Brazil’s Azul
US regional carrier Silver Airways has entered a codeshare agreement with Brazil’s Azul, through which the carriers will sell each other’s flights as their own.
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News
Mesa seeks to dodge de-listing from stock exchange with late fiscal Q4 filing
Mesa Air Group on 26 January filed its fiscal fourth-quarter earnings report, potentially helping it avoid being de-listed from the US Nasdaq stock exchange.
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Airline Business
What does Red Sea shipping crisis mean for air cargo?
When discussing the air cargo sector’s fortunes in recent months, the advice for anyone of a nervous disposition was often to “look away now”.
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News
Brazil’s Gol files for Chapter 11 bankruptcy protection in US court
Brazilian low-cost carrier Gol has filed for Chapter 11 bankruptcy protection in the USA so it can “address ongoing challenges” posed by the Covid-19 pandemic.
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News
Alaska’s 2024 growth plan takes hit from 737 Max 9 troubles
Alaska Air Group has trimmed its 2024 capacity expectations and expects to take a $150 million hit this year due to the 737 Max 9 door-plug issue, which Alaska’s chief executive has now squarely pinned on Boeing.
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News
American upbeat on short-haul business after posting $822m 2023 profit
American Airlines posted an improved full-year 2023 profit of $822 million on record revenue.
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Airline Business
How is Wizz Air handling impact of Middle East war and GTF groundings?
Few airlines in Europe were more exposed to two of the industry’s biggest headwinds in the final three months of 2023 than Wizz Air.
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News
Royal Jordanian receives first two E195-E2s
Royal Jordanian has taken delivery of its first two Embraer 195-E2 aircraft from a commitment for eight of the regional jet family.
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News
Wizz Air swings to loss in ‘tricky’ final quarter of 2023
European budget carrier Wizz Air swung to a net loss in the October-December 2023 quarter, as geopolitical and supply chain challenges weighed on its financial performance.
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News
EasyJet loses more than £40m to Middle East war but confident on summer
EasyJet reports bookings and yields for its key summer season are trending higher year on year, after its losses during the October-December quarter were exacerbated by the Israel-Hamas war.
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News
Norwegian expects full-year profit to beat forecast
Scandinavian carrier Norwegian expects to exceed the range it had forecast for its full-year operating profit, partly thanks to stronger-than-expected travel demand in November and December.
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Airline Business
Why United chief Kirby is unfazed by more operational and cost pressures in 2024
United Airlines chief executive Scott Kirby reflected during the carrier’s earnings call on 23 January that he mostly called 2023 right.
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News
Ben Gurion airport traffic hit hard by Israel-Hamas war
The latest traffic data for Ben Gurion International airport reflects the significant impact of the Israel-Hamas war on airline connectivity at Tel Aviv, despite the airport remaining open since the conflict began.
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News
United posts 28% lower fourth-quarter profit as expenses rise almost 15%
United Airlines posted a $600 million profit for the fourth quarter of 2023, down almost one-third from last year’s profit in the same period, as expenses such as salaries and maintenance costs rose.
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Airline Business
‘Just didn’t work’: Mesa chief describes financial troubles under previous deal with United
Phoenix-based regional carrier Mesa Airlines has been manoeuvring to reduce debt and improve profitability, largely through new agreements with partner United Airlines.
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News
Spirit and JetBlue appeal court ruling blocking acquisition
JetBlue and Spirit Airlines are appealing the court ruling earlier this week that denied the airlines’ $3.8 billion tie-up.
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News
Ryanair and Transavia among growing list of airlines making Tel Aviv return
Ryanair and Transavia France are among carriers to have announced in the past few days that they will resume flights to Tel Aviv on 1 February, as more operators reverse the suspension of operations that followed the outbreak of war between Israel and Hamas.
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News
Spirit working to steady itself after JetBlue deal is blocked
Following a US judge’s decision to block JetBlue Airways’ acquisition of rival low-cost carrier Spirit Airlines, Spirit has told investors that it is moving to shore up its financial position.