All Strategy news – Page 25
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NewsCebu Pacific flags supply chain, weather woes amid second-quarter profit
Cebu Pacific remained in the black for a second consecutive quarter, though it has acknowledged the “significant operational headwinds” which has “tempered” its recovery and growth outlook.
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NewsBrazil’s Azul breaks Q2 revenue record; sees demand trends continuing
Brazil’s Azul had a record-breaking quarterly revenue of R$4.3 billion, up 8.8% against the R$3.9 billion it reported in the same quarter last year, and 63% over the same quarter in pre-pandemic 2019 as passenger demand, including corporate travel, continues to bounce back.
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NewsTurkish Airlines set for fleet decision ‘soon’ after engine complications
Turkish Airlines expects to announce its major order for 600 aircraft ”soon” after receiving revised proposals from the OEMs and studying options around engines following supply issues.
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NewsCopa Q2 profit is $17.5m as demand remains strong, fuel cost drops
Copa Airlines posted a second-quarter profit of $17.5 million as demand remained strong and costs fell, driven by fuel prices, which declined by about one-third.
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NewsMesa posts $47.6m second-quarter loss due to lower block hours and ‘captain crunch’
Mesa Air Group lost $47.6 million during its fiscal third quarter, with the airline’s block hours plummeting during its transition to flying its Bombardier CRJ-900s on behalf of United Airlines.
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NewsGlobalX reports $7.5m Q2 loss as aircraft delivery delays take toll
South Florida start-up carrier Global Crossing Airlines (GlobalX) reports a second-quarter loss of $7.5 million as aircraft delivery delays and long turnaround times for aircraft maintenance continue hindering the airline’s operations.
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In depthNebraska-based start-up airline Red Way plans to ‘crawl, walk, run’: CEO
Red Way is betting that its model will revitalise air service from Lincoln and prove itself worth replicating in other parts of the USA.
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NewsAir Baltic swings to first-half profit despite A220 engine woes
Air Baltic overcame the impact of around 25% of its own fleet being grounded during the second quarter to report a profitable first half of 2023.
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NewsTurkish Airlines profit growth run continues into second quarter
Turkish Airlines continued its strong post-pandemic profits run by lifting second quarter operating profits by 50%.
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News‘We are on the right track’: Cathay posts first half-year profit in three years
Cathay Pacific Group rebounded to profitability in its half-year financial results, amid a strong rebound in passenger traffic following the reopening of Hong Kong’s borders.
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NewsNew business-class carrier Bermudair tentatively approved to fly to USA
New regional carrier Bermudair on 7 August received tentative approval of its foreign air carrier permit from the US Department of Transportation (DOT), clearing it to fly to the USA.
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NewsPakistan earmarks struggling PIA for privatisation
Cash-strapped Pakistan has announced its intention to privatise flag carrier Pakistan International Airlines, as the country works to stabilise its economy.
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NewsTurkish Airlines and Thai Airways eye Istanbul joint-venture operations
Star Alliance partners Turkish Airlines and Thai Airways have signed a preliminary agreement to deepen their relationship through plans to establish a joint venture on routes through Istanbul.
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InterviewHow agile Air Serbia is finding a profitable growth path
When it comes to examples of airlines exiting the Covid-19 crisis as bigger, more confident operations, Air Serbia is a compelling case, even as it grapples with the capacity constraints that are being felt across the industry.
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NewsCanada’s Chorus Aviation posts C$20m profit for second quarter
Canada’s Chorus Aviation reported a profit of C$20.3 million ($15.2 million) during the second quarter of 2023, boosted by aircraft leasing revenue, foreign exchange rates, parts sales, MRO activities and contract flying.
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NewsAvianca reports modest Q2 profit as it executes on post-restructuring business plan
Avianca posted a modest profit during the second quarter, benefiting from cost control, smooth operations and increased demand, rather than higher prices, the company says.
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NewsPhilippine Airlines appoints new finance chief
Philippine Airlines has appointed Anna Isabel Bengzon as its new chief financial officer.
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NewsSun Country Airlines achieves second-quarter profit of $20.6m
Sun Country Airlines reported a $20.6 million profit for the second quarter of 2023 as all three business segments – scheduled passenger service, charter and cargo – posted increases.
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AnalysisSpohr sees Lufthansa ready to leave operational buffer behind in 2024
Lufthansa will step up productivity and efficiency levels next year after a focus on stabilising operations this summer amid continued industry capacity challenges.
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NewsSpirit Airlines sees ‘softer’ summer demand; posts Q2 loss
Ultra low-cost carrier Spirit Airlines says summer travel demand was “softer than expected” as travellers chose more long-haul international destinations than domestic ones, while on-time performance suffered under air traffic challenges and instable summer weather.