All Strategy news – Page 32
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Airline BusinessCathay Pacific chair predicts China SAF policy will improve ‘pretty dire’ outlook
The chairman of Cathay Pacific believes China will eventually release a sustainable aviation fuel (SAF) policy that will provide a much-needed catalyst for investment in the nascent sector amid a “pretty dire” outlook for availability today.
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Airline BusinessJetSmart zeroes in on another Latin American jewel: Colombia
Start-up ultra-low-cost carrier JetSmart is on the cusp of securing an air operator certificate (AOC) in a fourth country, Colombia. That will allow the airline to fly domestic routes in nations from the very north of the South American continent to its southern tip.
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NewsJAL posts half-year profit as recovery surpasses expectations
Japan Airlines returned to profitability in its half-year earnings, as international passenger revenues soared past pre-pandemic levels.
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NewsAsiana cargo unit sale decision delayed, dealing blow to merger plans
Asiana Airlines has failed to come to a decision on whether to divest its cargo unit – a crucial factor in winning regulatory approval for a merger with compatriot Korean Air – adding uncertainty to the drawn-out acquisition process.
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NewsWestJet completes integration of discount subsidiary Swoop
Canadian airline company WestJet Group recently completed the integration of former low-cost subsidiary Swoop into its primary WestJet operation.
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NewsFinally steady Air Canada makes C$1.25 billion third-quarter profit
Air Canada’s slow and painful recovery from the Covid-19 pandemic appears mostly in the rear-view mirror as the carrier reports reaching more stable ground during the third quarter.
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NewsIAG positive on outlook but ‘mindful’ of geopolitical issues
While IAG gave relatively little away in terms of its full-year guidance after posting a strong set of third-quarter profits, this perhaps reflects confidence in the return of the fundamentals of the business more than a lack of visibility. IAG lifted operating profits 43% to €1.75 billion ($2.05 billion) in ...
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NewsQantas refutes regulator’s ‘ghost flights’ allegations in lawsuit defence
Qantas has refuted claims by Australia’s competition watchdog that it misled its customers by selling seats on flights that never took off, charging that the regulator’s lawsuit “ignores the realities” of the airline sector.
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NewsAir France going CDG-only as Orly exit frees space for Transavia expansion
Air France’s recent announcement that it will end domestic flights at Paris Orly airport by 2026 marks what could be the final step towards the Air France-KLM Group having clearly differentiated operations at the Paris capital’s two main airports.
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NewsClarity on Lisbon airport important in TAP bid decision: Air France-KLM chief
Air France-KLM is seeking clarity on plans for new airport capacity in Lisbon, as it considers its involvement in the privatisation of flag-carrier TAP Air Portugal
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NewsAir France-KLM foresees ‘biggest benefits’ from SAS joining transatlantic JV
Air France-KLM sees SAS’s eventual membership of its transatlantic joint venture as the “biggest benefit” from its investment in the carrier, arguing that the Scandinavian operator has been “held back” from from fully capitalising on its strengths.
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Airline BusinessWhy Latin American airline sector struggles to make money
While it is hardly unusual to hear airline leaders calling for lower taxes and better infrastructure, the frustrations voiced by Latin American airline leaders come against a backdrop where region-wide profitability remains elusive despite traffic and revenue highs.
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NewsAir France-KLM cites strong summer demand as Q3 operating profit hits €1.3bn
Air France-KLM saw its operating performance hit record levels during the peak summer months amid strong passenger demand, prompting it to maintain a positive outlook for the rest of the year.
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NewsMexico’s VivaAerobus posts $56m profit during third quarter
Mexican low-cost carrier VivaAerobus earned $56 million during the third quarter of 2023, its second consecutive quarter with a profit, as demand was high and fares improved.
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NewsSkyWest profitable in Q3 as block hours fall
US regional carrier SkyWest Airlines earned $23.5 million during the third quarter, down from $48.3 million last year as it flew 10% fewer block hours.
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NewsSouthwest third-quarter profit falls 30% to $193m as expenses rise
Southwest Airlines reported a 30% decline in profit as increasing costs outweighed strong leisure demand and additional ancillary and loyalty programme revenue during the summer travel season.
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NewsFrontier reports lacklustre Q3 results as it struggles in ‘over-saturated’ core markets
Frontier Group Holdings struggled with soft third-quarter demand in its core markets and operational difficulties that company executives attribute to air traffic controller shortages.
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NewsFrontier adopting European ultra-discounter strategies amid ATC-related disruptions
Biffle describes how the Denver ultra-low-cost carrier is shifting its network and capacity strategy partly in response to ongoing operational difficulties it attributes to ATC staffing shortages.
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NewsSpirit Airlines posts ‘disappointing’ third-quarter results on price weakness
Spirit Airlines lost $158 million in the third quarter of 2023 as the carrier experienced price weakness in its core markets.
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Airline BusinessAir France chief outlines €1bn SAF cost challenge
Air France would face an annual cost increase of around €1 billion if it were to reach 10% sustainable aviation fuel useage by 2030 at today’s prices, according to the carrier’s chief executive Anne Rigail.