All Strategy news – Page 48
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NewsJetBlue-Spirit trial could be delayed by looming US government shutdown
The US Department of Justice’s antitrust trial to block low-cost carrier JetBlue Airways’ acquisition of Spirit Airlines could be delayed if the federal government shuts down for more than two weeks.
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NewsUnited’s Leskinen will succeed Laderman as CFO
United Airlines has named former vice-president of investor relations Michael Leskinen as its next chief financial officer, effective immediately, succeeding Gerry Laderman, who is scheduled to retire from the company in September 2024
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Airline BusinessFresh airframe and engine woes exacerbate supply challenges
It seems crazy to think that only a couple of years ago ample aircraft availability was one reason why the industry was seen as favourable to start-up carriers.
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NewsAir Transat and CAE to build pilot pipeline with new Ascension Academy
Canadian leisure carrier Air Transat and CAE have created a new cadet academy to help the airline meet soaring demand for pilots.
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Airline BusinessHow humility and trust helped Topi Manner lead Finnair out of a double-crisis
When Finnair chief executive Topi Manner makes his recently announced departure from the Oneworld carrier by March 2024, he will step away from the airline industry with a whole new appreciation of crisis management and business transformation.
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NewsAirAsia Cambodia to launch in November, with MRO unit to follow
AirAsia’s Cambodia unit will begin operations in November, as sister company Asia Digital Engineering (ADE) looks to set up an MRO joint venture in the country.
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NewsIAero Group files for Chapter 11 bankruptcy protection
IAero Group, formerly Swift Air, has voluntarily filed for Chapter 11 bankruptcy protection in Florida.
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NewsUPS names Bill Moore as next president of UPS Airlines
UPS has named Bill Moore as the next president of UPS Airlines, effective next month.
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NewsBamboo Airways vows restructuring amid challenging year
Embattled Vietnamese carrier Bamboo Airways says work to restructure its operations is ongoing, as it targets improvements in its financial performance.
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Airline BusinessHow airlines are investing in their digital futures
While battling antiquated IT systems and legacy practices remains a significant barrier, most carriers are investing in their digital futures, cognisant of the big revenue and cost benefits
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NewsMalaysia Airlines, Cathay axe joint-business plans
Cathay Pacific and Malaysia Airlines will not proceed with plans for a joint-business, after regulators in Malaysia expressed concern over the “significant reduction” in competition.
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NewsAustralian competition regulator proposes to deny Qantas-China Eastern partnership
The Australian Competition and Consumer Commission (ACCC) is proposing to block Qantas’ plans to renew its partnership with China Eastern Airlines, citing price hike concerns amid a return of Chinese travellers to Australia.
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NewsTransat AT posts first profitable quarter since 2019 due to strong leisure demand
The parent of Canadian carrier Air Transat reports on 14 September making C$57.3 million ($43.5 million) during its fiscal third quarter – its first quarterly profit since late 2019.
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Airline BusinessEarly signs of ‘normalisation’ effects at airlines
Many airline leaders continue to argue that although visibility is limited, strong demand and yields are persisting into the northern hemisphere winter months. But there are also significant players highlighting signs of market ‘normalisation’
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NewsMesa Airlines CFO Zubeck to leave US regional carrier
After working for nearly two years as chief financial officer of US regional carrier Mesa Airlines, Daniel Torque Zubeck is resigning from the company effective 15 September.
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NewsUnited’s bookings remain high as hub strategy pays off: Leskinen
As numerous US airlines revised their third-quarter results estimates due to higher fuel prices and lower-than-expected bookings, United Airlines remains committed to the financial guidance it published in July, touting its hub-and-spoke network as well as its United Next strategy.
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News‘Canary in the coal mine’: Frontier cuts Q3 capacity forecast as bookings sag
Frontier Airlines has cut its capacity forecast for the third quarter based on lower bookings and higher fuel prices, making it the latest North American carrier to lower expectations for the period.
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News‘Infuriating’: Hawaiian’s CEO blasts Pratt’s PW1100G response as airlines plan to ground more jets
Hawaiian Airlines’ chief executive has taken issue with how RTX and subsidiary Pratt & Whitney (P&W) apparently plan to handle its massive recall of PW1100G geared turbofans (GTFs), which power Hawaiian’s Airbus A321neos.
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NewsSpirit reduces Q3 revenue forecast due to fuel cost bump
Ultra-low-cost carrier Spirit Airlines has become the latest US airline to lower its third-quarter revenue forecast based on higher-than-expected fuel costs.
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NewsInflation's 'biggest spike is behind us': Alaska Airlines CFO
Still facing cost increases on some fronts, Alaska Air Group's leadership believes it has successfully navigated the worst of industry-wide inflation related to the Covid-19 pandemic.