All Strategy news – Page 36
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NewsChorus Aviation posts C$32m Q1 profit on strong demand for regional jets
Canada’s Chorus Aviation reported a profit of C$32 million ($23.9 million) during the first quarter of 2023, boosted by parts sales and strong demand for its regional aircraft leasing business.
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NewsAirlines criticise Biden Administration’s airline customer-rights plan
The air transport industry has criticised the US government’s plan to require compensation for flight delays and cancellations.
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NewsPilots flying for Canada’s Lynx Air request to join ALPA
An “overwhelming majority” of pilots with Canadian start-up carrier Lynx Air have filed membership cards requesting to join the world’s largest pilots’ union – the Air Line Pilots Association, International (ALPA).
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NewsUS seeks to require airlines compensate passengers for some delays and cancellations
The US Department of Transportation (DOT) wants to require airlines to provide certain accommodations to passengers affected by flight delays and cancellations caused by factors within airlines’ control.
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NewsJet Airways relaunch hits snag as CEO-designate bows out
The relaunch of India’s Jet Airways – already delayed because of legal woes – faces further uncertainty after CEO-designate Sanjiv Kapoor resigned from the airline.
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NewsNew regional carrier Bermudair plans to launch Bermuda-to-USA operation
Start-up regional airline Bermudair is planning to fly from Bermuda to three US cities in Florida, Massachusetts and New York, starting with two Embraer 175s.
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NewsAmerican Airlines vice-chair Derek Kerr to retire
American Airlines vice-chair and president of regional subsidiary American Eagle Derek Kerr will retire in September.
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AnalysisAir France-KLM upbeat over summer outlook but Schiphol cloud remains
Over the course of the shared years since Air France and KLM came together it has always been the French carrier whose challenges have dwarfed those of its Dutch partner.
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NewsAir France-KLM keeping partner options open for Latin market
Air France-KLM is still studying long-term partnership options in both Europe and South America to bolster its position in the Latin American market.
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NewsIAG reports Q1 operating profit as leisure demand gives it summer confidence
British Airways and Iberia parent IAG saw stronger-than-expected performances from all of its airlines in the first quarter of 2023, as buoyant leisure demand helped the European group to achieve a small operating profit during what is a seasonally weak three months.
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NewsIberia names temporary chief executive
Spanish airline Iberia has named Fernando Candela Perez as its new chairman and chief executive, effective from July through to the end of 2023, following Javier Sanchez-Prieto’s decision to step away from the business.
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NewsAir France-KLM narrows loss as revenues surge in first quarter
Air France-KLM posted an operating loss of €306 million ($338 million) for the first quarter on revenue 42% higher than the same stage of last year at €6.33 billion.
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NewsAustralian watchdog blocks Virgin Australia-Alliance partnership renewal
Australia’s competition watchdog has rejected an extension of a charter partnership between Virgin Australia and Alliance Aviation, following a six-month consultation period in which it found low support for a continued alliance.
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NewsAir Canada raises profit expectations for 2023
Air Canada has raised its earnings expectations for the full year as passenger demand remains strong and jet fuel prices fall.
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NewsletterQantas CEO succession a fitting outcome after Joyce’s diversity focus
It is Alan Joyce’s exit from Qantas that has perhaps brought the most high-profile evidence of his diversity and inclusion efforts, with the appointment of chief financial officer Vanessa Hudson as his successor.
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NewsAtlas CEO Dietrich retires; to be replaced by CCO Michael Steen
Atlas Air Worldwide Holdings has said chief commercial officer Michael Steen will succeed retiring CEO John Dietrich next month.
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NewsMexico plans to launch state-run airline with Mexicana assets
Mexico plans to launch a state-owned airline under the currently-defunct Mexicana de Aviacion brand later this year.
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NewsLATAM posts profitable quarter, as passenger revenue jumps
LATAM Airlines Group posted another profitable quarter, driven by a strong rise in passenger revenue, after emerging from bankruptcy protection late last year.
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NewsFrontier loses $13m in Q1, shifts strategy to peak travel periods
Frontier Airlines is tweaking its network strategy to focus more on peak periods for leisure travel and “reducing under-performing flying”.
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NewsTurkish Airlines continues post-pandemic profit run in first quarter
Turkish Airlines extended its post-pandemic run of net profits for a seventh consecutive quarter, despite the period being marred by the devastating earthquakes centred in Kahramanmaras.