Latest stories – Page 13
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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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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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Airline BusinessLessors see room for consolidation but think big players will only get bigger
Executives from major aircraft lessors expect relatively limited merger and acquisition activity among leading players over the coming years, but organic growth and large order backlogs will help to further concentrate activity among the industry’s top tier.
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Airline BusinessAllegiant chief compares airline’s low-cost market to ‘private swim lane’
Amid intense competition in the North American low-cost segment, Allegiant Air is seeking separation from the pack by focusing on unique routes and flying primarily during peak air travel times.
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Airline BusinessLessor role grows as aircraft supply shortage persists
Strong order activity in recent years and continued constraints in aircraft supply mean leading aircraft lessors are likely to become even more prominent players in sourcing the airline global fleet
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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
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Airline BusinessRegulators in no mood to wave through airline M&A activity
While it quickly became apparent that January 2024 would be remembered as an inauspicious start to the year for airline safety, from the mid-point of the month onwards it was clear that the same would be said regarding consolidation.
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Airline BusinessHawaiian still searching for profits as Japan recovery drags
US airline group Hawaiian Holdings is still searching for the profitability that has mostly eluded it since the beginning of the Covid-19 pandemic nearly four years ago.
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Airline BusinessJetBlue slows aircraft delivery schedule as it expects no growth in 2024
Growth will be constrained for US carrier JetBlue Airways throughout 2024 as it expects double-digit numbers of Airbus A320s to be grounded for geared turbofan (GTF) engine inspections.
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Airline BusinessWhy growing Ryanair expects European short-haul capacity to fall this summer
Ryanair believes that European short-haul capacity will be down year on year in the coming summer season, leaving it significantly below pre-Covid levels, in a development that will support higher fares.
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Airline BusinessWhat does Red Sea shipping crisis mean for air cargo?
When discussing the air cargo sector’s fortunes in recent months, the advice for anyone of a nervous disposition was often to “look away now”.
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Airline BusinessHow is Wizz Air handling impact of Middle East war and GTF groundings?
Few airlines in Europe were more exposed to two of the industry’s biggest headwinds in the final three months of 2023 than Wizz Air.
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Airline BusinessWhy United chief Kirby is unfazed by more operational and cost pressures in 2024
United Airlines chief executive Scott Kirby reflected during the carrier’s earnings call on 23 January that he mostly called 2023 right.
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Airline Business‘Just didn’t work’: Mesa chief describes financial troubles under previous deal with United
Phoenix-based regional carrier Mesa Airlines has been manoeuvring to reduce debt and improve profitability, largely through new agreements with partner United Airlines.
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Airline BusinessWhat next for JetBlue and Spirit after collapse of deal?
Whatever comes next, the court’s assertion that the ruling represents a “victory for consumers” will be tested
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Airline BusinessSpirit at risk of bankruptcy and liquidation as JetBlue deal falls through: TD Cowen
In the wake of a US judge’s decision to block JetBlue Airways’ attempted acquisition of Spirit Airlines, it is unclear how the respective low-cost carriers will chart paths forward.
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Airline BusinessAlaska initially offered $20 per share for Hawaiian but revised bid as stock slid
In its initial bid to acquire Hawaiian Airlines, Alaska Airlines offered $20 per share before the two sides eventually agreed on a final price of $18, as the Honolulu-based carrier’s stock lost two-thirds of its value during the second half of 2023.
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Airline BusinessSupply chain issues will plague aviation for some time: Delta CEO
Delta Air Lines’ chief executive Ed Bastian says supply chain issues will continue to plague the industry for some time, citing Pratt & Whitney’s engine recall as an example.
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Airline BusinessWhat does Boeing 737 Max 9 door incident mean for airlines?
The failure of a door plug on an Alaska Airlines Boeing 737 Max 9 jet on 5 January continues the commercial air transport industry’s inauspicious start to 2024 in safety terms
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Airline BusinessFly4 chief sees shareholders Enter Air and TUI giving new carrier flying start
Founding shareholders Enter Air and TUI enable Irish ACMI start-up Fly4 Airlines to begin services on the front foot, but the carrier’s managing director Jochen Schnadt is looking to long-term third-party customers to help it grow to a 20-plus aircraft-sized operation in the coming years