All Strategy news – Page 34
-
News
Icelandair achieves record quarterly revenue despite weak cargo results
Icelandair achieved its highest-ever quarterly revenue during the seasonally strong July-September period, even as the weakness of cargo markets weighed on its results.
-
News
AirAsia X hits roadblock in bid to shed financially distressed status
Malaysian stock exchange Bursa Malaysia has rejected AirAsia X’s application to officially exit its status as a financially distressed entity, dealing a blow to the carrier’s recovery plans.
-
News
Frontier names former CFO James Dempsey as president
Frontier Group Holdings has named longtime chief financial officer James Dempsey to president of the company.
-
News
Alaska Air Group increases Q3 profits while business travel lags
Alaska Air Group reports increased profits and generated about $2.8 billion of revenue during the third quarter, which company executives attribute to strong operational performance and “cost discipline”.
-
News
American posts $545m Q3 loss as operating expenses rise almost 10%
American Airlines posted a $545 million loss for the third quarter of 2023 as its expenses jumped 9.4% year-on-year, including an almost 17% increase in jet fuel prices and a one-time charge related to its new pilot contract.
-
News
American orders four E175s with 2024 deliveries
American Airlines has ordered another four Embraer 175 regional jets, which it intends to deploy into the fleet of its subsidiary regional carrier Envoy Air.
-
News
United sees Dreamliner order giving it control of fleet growth plan
United Airlines’ recent order for more Boeing 787-9s reflects the airline seeking to lock in its growth opportunity amid a backdrop of sliding aircraft deliveries.
-
Airline Business
Top 100 airline groups traffic rankings 2022
Passenger traffic among leading global carriers sharply recovered last year, outpacing the additional capacity they restored and helping load factors climb back above 80%. FlightGlobal’s analysis of the airline industry traffic performance in 2022 based on the top 100 airline groups by revenue passenger kilometre (RPKs).
-
Airline Business
United banks on international gains amid fourth quarter headwinds
United Airlines executives struck a bullish tone about the strength of international markets, even if the disruption to its Tel Aviv services was a key contributor to a weaker fourth quarter outlook.
-
News
Qantas axes plans to acquire charter operator Alliance Aviation
Qantas has scrapped plans to acquire resources charter operator Alliance Aviation – months after competition regulators opposed the deal – noting that “there is no reasonable path forward” for the merger now.
-
News
Air India Express rebrands and sets 170-aircraft target as 737 Max jets arrive
Air India Express has launched its new branding, weeks after taking delivery of its first two Boeing 737 Max jets, as Air India Group continues its transformation and growth under Tata Group ownership.
-
News
Transavia to pick up routes as Air France signals end to Paris Orly flights by 2026
Air France has outlined plans to transfer operations of its domestic flights from Paris Orly airport to its leisure unit Transavia citing a “structural fall” in demand for the network carrier’s services.
-
News
United lifts Q3 profits a fifth on strong international demand
United Airlines’ net profits climbed by one-fifth in the third quarter to reach $1.1 billion, in part driven by a strong performance on its international routes in the Atlantic and Pacific regions.
-
Airline Business
Air Nostrum chief on why CityJet tie-up still has compelling rationale
Even though it has taken almost five years to get the deal over the line, the coming together of European regional carriers Air Nostrum and CityJet still has a compelling rationale, in the view of the Spanish carrier’s chief executive Carlos Bertomeu.
-
News
Air Nostrum and CityJet finally join forces in European regional alliance
Regional carriers Air Nostrum and CityJet have formally joined forces to create a European regional airline alliance, nearly five years after a tie-up was first proposed.
-
News
KLM Cityhopper chief warns Schiphol transfer tax could ‘kill the network’
The chief executive of regional carrier KLM Cityhopper has warned of the potentially serious impact of introducing a transfer tax at Schiphol airport, while stating his belief that the commercial aviation sector and the Dutch government will “find each other again” and achieve better outcomes at the hub.
-
News
Malaysia’s MYAirline gets AOC revoked, as airline claims ‘multiple’ offers in revival bid
Malaysian regulators have suspended the air operator certificate (AOC) of start-up low-cost operator MYAirline, dealing a blow to the carrier’s revival plans.
-
News
Qantas hit by another executive departure as loyalty chief resigns
Qantas’ loyalty programme chief Olivia Wirth has announced her departure, the latest in the string of high-ranking executive resignations to hit the embattled carrier.
-
News
Air Wisconsin pilots ratify three-year contract with 38% pay bump for captains
The deal boosts Air Wisconsin pilots’ combined pay by nearly $48 million over the life of the agreement and concludes negotiations that began in August 2022.
-
Airline Business
EasyJet banks on basics in push for new profit heights
Aircraft upgauging, reducing winter losses and boosting profits from its holiday business are key parts to EasyJet’s plan to lift full-year pre-tax profitability to more than £1 billion annually