All Strategy news – Page 33
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Airline BusinessFinnair ‘has made it through the crisis’ after capping profit return with strong end to 2023
Finnair’s interim chief executive Jaakko Schildt believes the company has demonstrated that it has made it through the double crisis of the pandemic and impact from the closure Russian airspace after confirming the airline’s first full-year profit since 2019.
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NewsFormer Batik Malaysia chief Chandran returns to the helm
Batik Air Malaysia has reappointed its former CEO Chandran Rama Muthy to helm the carrier.
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NewsVolotea secures three A320s for summer expansion
Barcelona-based Volotea has secured three more leased Airbus A320s as it aims to boost capacity for the coming summer season by around 15%.
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PodcastAirline Business Podcast: Safety and consolidation under the spotlight
In the latest episode – sponsored by Panasonic Avionics – Graham and Lewis look back on an inauspicious start to 2024 in terms of airline safety and consolidation moves.
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NewsMexican start-up Awesome Cargo eyes expanded international flights
Mexican start-up carrier Awesome Cargo is requesting authority to expand its Airbus A330 operations to the USA.
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NewsDelta asks US to reconsider decision to break up joint venture with Aeromexico
Delta Air Lines is urging the US government to reverse a January order requiring it and Aeromexico wind down their joint venture, saying the airlines played no part in a decision based on a treaty dispute.
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Airline BusinessIceland’s Play looks to bolster equity after seismic disruption to profit plan
Icelandic budget carrier Play aims to strengthen its equity through a move onto Iceland’s main stock market as it seeks to build a financial buffer and fuel future growth after a tough end to 2023 as travel demand to Iceland dipped amid concerns around increased seismic activity.
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NewsITA Airways on growth path as EU scrutinises Lufthansa deal
ITA Airways plans to offer summer capacity some 24% higher year on year, with a particular focus on international expansion, as it awaits the European Commission’s ruling on a potential investment from Lufthansa Group.
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NewsSAS chief looks to SkyTeam gains to outweigh ‘emotionally difficult’ Star Alliance exit
The chief executive of Scandinavian carrier SAS, Anko van der Werff, acknowledges that leaving Star Alliance – which it co-founded – is an emotionally difficult decision, but believes the potential for tighter co-operation with partners within SkyTeam provides greater opportunities.
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Airline BusinessCosts still in sharp focus for USA’s short-haul carriers
The recent suggestion from Wizz Air chief executive Jozsef Varadi that short-haul air travel “is a cost game, not a revenue game” has pertinence beyond that airline’s markets.
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NewsPorter Airlines names Rob Palmer new finance chief
The Toronto-headquartered carrier said Palmer had joined the company as of 7 February, after most recently working as CFO of the Calgary Airport Authority.
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NewsSpirit pushes back on ‘misguided narrative’ about stability without JetBlue
Spirit Airlines executives maintain that the company has the financial resources necessary to succeed in the absence of a tie-up with JetBlue Airways.
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NewsSpirit Airlines lowers Q1 capacity expectations on GTF engine woes
Spirit Airlines has reduced its capacity forecast for the first quarter as the scope of its Pratt & Whitney geared turbofan (GTF) engine issues come into focus.
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NewsCopa forecasts healthy Latin American air-travel demand through 2024
Copa Airlines expects the robust travel demand and profits it saw last year to continue through 2024, even as its growth takes a hit from the Boeing 737 Max 9 grounding.
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NewsGlobalX seeking new chief executive following Ed Wegel’s resignation
Global Crossing Airlines is searching for a new chief executive after the resignation of founding leader Ed Wegel.
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NewsMartin St George returns to JetBlue amid financial turbulence
JetBlue Airways is turning to a familiar figure during a turbulent period, appointing Martin St George president of the company, effective 26 February.
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NewsAlaska Airlines executive Nathaniel Pieper to become CEO of Oneworld Alliance
Airline industry veteran Nathaniel Pieper is in line to become chief executive of Oneworld Alliance starting on 1 April.
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NewsPeter Gerber takes role as Condor’s chief executive
Former long-time Lufthansa Group manager Peter Gerber has taken up his role as chief executive at German low-cost carrier Condor.
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NewsJapan Airlines maintains full-year guidance after Y17bn hit from A350 crash
Japan Airlines beat its 2019 revenue and profit performance in the nine months to 31 December 2023, despite international traffic still being down significantly on that pre-Covid year.
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Airline BusinessHow Pieter Elbers is making his mark at emboldened IndiGo
As demonstrated by the airline’s fiscal third-quarter earnings announcement, there is increasingly substance to the predictions about India being a growth engine for the global aviation industry