Latest – Page 17
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Airline BusinessAirline news digest: 9-15 November
Our regular rundown of the biggest airline stories from the past seven days
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Airline BusinessAzul looks to long-term after debt restructuring boost
While Azul had a positive story to tell around its third-quarter financial performance – despite continued challenges in the market – it was the significance of debt restructuring which saw its executives strike a markedly brighter tone.
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Airline BusinessAvianca turns attention to yields, shifts capacity from oversupplied domestic market
Colombian carrier Avianca is launching 14 more international routes this winter – atop nine it already started flying this year – as it reallocates capacity from the oversupplied domestic segment to higher-yielding markets.
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Airline BusinessAir India foundations in place after completion of mergers
Almost three years since Tata Group secured ownership of perennially loss-making national carrier Air India, it has completed the task of merging four airline units into the enlarged grouping.
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Airline BusinessSIA talks up India, Southeast Asia potential and partnerships
Singapore Airlines Group is emphasising the opportunities in the high-growth regions of India and Southeast Asia as it confronts the continued challenge of softening yields.
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Airline BusinessTeasing Riyadh Air closing in on launch after revealing more of the plan
After Riyadh Air announced the scale of its ambitions by emerging with an order for up to 72 Dreamliners in March 2023, the Saudi start-up’s chief executive Tony Douglas said it would ‘tease and reveal’ further details ahead of its launch. After finalising most of its partners and a narrowbody order, the final piece of the jigsaw appears to be delivery of its first three aircraft.
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Airline BusinessAirline news digest: 2-8 November
Our regular rundown of the biggest airline stories from the past seven days
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Airline BusinessConfident IAG keeps its profit momentum
Launch of a €350 million ($377 million) share buyback programme underlined British Airways and Iberia parent IAG’s confidence in its financial performance after delivering a further increase in profit for the third quarter.
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Airline BusinessHow KLM went from group’s star performer to problem child
While work to transform Air France has begun to bear fruit, KLM’s performance has been deteriorating over the past couple of years
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Airline BusinessAircraft shortage slows Turkish Airlines growth story
While consistent post-pandemic growth means Turkish Airlines third-quarter revenues topped 2019 levels by 65%, the wider industry and economic challenges that have stalled progress for many other operators are impacting it too.
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Airline BusinessEasing yield picture offers Ryanair boost in year bookended by challenges
While on one level the headlines from Ryanair’s second quarter results offer plenty of reasons for concern, it is encouraged by an easing of recent yield declines and a growth advantage next year
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Airline BusinessAmid continued profits, Japanese majors look to better capture outbound demand recovery
Japan Airlines and All Nippon Airways remain optimistic of meeting their full-year earnings targets, on the back of strong international travel demand – in addition to strong yields – and despite rising costs
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Airline BusinessAirline news digest: 26 October - 1 November
Our regular rundown of the biggest airline stories from the past seven days
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Airline BusinessAir Canada turns C$1bn profit, reports ‘stable’ business amid increasing costs
Demand for international air travel helped push Air Canada to a C$1 billion ($720 million) operating profit in the third quarter of 2024, with executives broadly describing market conditions as healthy despite upward-creeping costs and ongoing aircraft delivery delays.
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Airline BusinessSouthwest counting on new ‘hybrid’ model to compete with full-service carriers
Southwest Airlines executives maintain that major changes underway at the Dallas-based company will be enough to regain its status as a top-performing US carrier by 2027.
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Airline BusinessFrontier, JetBlue and Spirit vie for stability in ULCC market amid fresh merger talks
Frontier Airlines’ chief executive Barry Biffle repeatedly declined on 29 October to discuss reports of the company’s potentially renewed interest in acquiring Spirit Airlines, more than two years after Spirit left Frontier at the altar in favour of a more lucrative deal with JetBlue Airways.
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Airline BusinessLufthansa boosted by steadying yields but German mainline challenge persists
After a challenging first half of the year in which it has twice lowered profit expectations, Lufthansa Group was able to point to a brighter prognosis on yields as it is confirmed its full-year outlook following its third quarter results today.
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Airline BusinessLatin leaders on why region’s airlines should be telling a better story
Latin American Airlines need to tell a better story so that the region’s governments will be more amenable to creating policies that would make it easier for the carriers to operate, and for their populations to benefit from air travel.
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Airline BusinessAirline news digest: 19-25 October 2024
Our regular rundown of the biggest airline stories from the past seven days
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Airline BusinessIndiGo chief points to GTF peak and 2030 progress after first loss in two years
Two years into his tenure at IndiGo and Pieter Elbers is back where he started, describing a loss-making fiscal second quarter for the Indian low-cost carrier.