All Strategy news – Page 28
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NewsRex sees domestic jet operations turn profit in September
Australia’s Regional Express (Rex) reported its first profitable month of domestic jet operations in September.
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News
Aeromexico’s Q3 revenue up from 2021
Newly restructured Grupo Aeromexico, the parent company of Mexico’s legacy carrier, Aeromexico, reports third-quarter profitability and a rebound from the lows of 2021.
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News
Hawaiian to operate 10 A330Fs for Amazon, grants retailer ownership rights
Hawaiian Airlines has agreed to operate at least 10 Airbus A330-300 Freighters for Amazon and has granted the online retailer rights to own 15% of Hawaiian Holdings’ stock.
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News
Eurocontrol assumes no end to Russia and Ukraine airspace restrictions by 2028
Eurocontrol’s baseline expectation is that there will be no return to normal routings through Russian or Ukrainian airspace by the end of its 2028 traffic forecast window.
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News
Airlines warned lack of common ESG metrics could limit access to capital
The airline industry is putting its access to capital at risk by failing to adopt standardised sustainability metrics, according to speakers at the Aviation Carbon 2022 event in London on 17 October.
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News
Australian competition watchdog seeks to block Virgin Australia-Alliance partnership renewal
Australia’s competition watchdog is proposing to reject an extension of a charter partnership between Virgin Australia and Alliance Aviation, citing concerns that it could “eliminate competition” in the lucrative Fly-In, Fly-Out (FIFO) market.
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News
US transportation chief squarely blames airlines for last summer’s operational meltdown
US transportation secretary Pete Buttigieg is insisting that airlines, not the Federal Aviation Administration, are primarily responsible for last summer’s US air travel meltdown, saying airlines scheduled more flights than they could staff.
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Alaska Airlines posts Q3 profit despite higher fuel prices, new labour deals
Alaska Air Group turned a narrow profit in the third quarter, reporting income of $40 million for the three months ending 30 September.
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American earns nearly $500m in third-quarter profit
American Airlines turned a $483 million profit in the third quarter of 2022, more than double its profit in the same period last year and also up from the comparable 2019 pre-pandemic period.
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News
Lack of clarity on aviation’s non-CO2 effects ‘creates risk’ in net-zero push
Commercial aviation must monitor the science relating to the impact of non-CO2 factors on climate change, according to speakers at the Aviation Carbon 2022 conference in London on 17 October.
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JetBlue-Spirit deal approved by Spirit shareholders
Shareholders of Spirit Airlines approved on 19 October JetBlue Airways’ $3.8 billion bid to purchase the low-cost carrier, potentially signalling a dramatic shift in the North American discount airline market.
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Canadian start-up Lynx Air charts course with new chief operating officer
Canadian start-up airline Lynx Air named Jim Sullivan as its new chief operating officer on 18 October as the company seeks to carve out a place among North American discount carriers.
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South Korea’s T’way Air enters long-haul market with Sydney launch
South Korean low-cost operator T’way Air is to launch flights to Sydney in December, marking its foray into the long-haul market months after adding widebody aircraft into its fleet.
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United upbeat on profits path after revenues surge in strong third quarter
United Airlines expects its adjusted operating margin to top 2019 levels for the first time in the fourth quarter after reporting a strong three months ending 30 September in which revenues were 13% above pre-pandemic levels.
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FlyExclusive to become public company by joining with EG Acquisition
Private charter jet operator FlyExclusive is the latest aviation company hoping to benefit from a merger with a special purpose acquisition company (SPAC).
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Does recession threaten Latin American airlines’ hard-won successes?
Successfully navigating their airlines through Covid-19 was a major accomplishment, but Latin American CEOs remain wary of what lies ahead.
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Analysis
The AAM revolution is here. Will the public get on board?
If the vision presented by the advanced air mobility (AAM) industry becomes reality, revolutionary aircraft will soon fill the skies over cities, suburbs and rural areas. But AAM companies face a major challenge before taking off – earning the public’s trust.
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News
Mexican antitrust authority approves Allegiant-Viva Aerobus joint venture
North American ultra low cost carriers Allegiant Air and Viva Aerobus were authorized 17 October by Mexico’s Federal Economic Competition Commission (COFECE) to move forward with a proposed transborder commercial alliance.
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Aerolineas Argentinas aims for 10 more 737 Max jets over next three years
Aerolineas Argentinas hopes to add 10 more Boeing 737 Max jets over the next three years under a fleet growth plan.
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Cathay’s network recovery ‘on course” as traffic improves on easing of curbs
Cathay Pacific is set to ramp up flying through the end of the year – with flights to more points in its network restored – as it confirms that it is “on course” for recovery.
