All Strategy articles – Page 10
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NewsCapital A secures key approval in bid to shed financially-distressed status
Capital A – the owner of the AirAsia Aviation group – has secured approvals from the Malaysian stock exchange for its “regularisation plan” to exit its financially-distressed status.
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NewsAirAsia shutters Subang airport operations
AirAsia is to axe its operations from Kuala Lumpur’s Subang airport, dealing a blow to plans to rejuvenate the city airport.
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NewsLufthansa Group insists fortunes improving after ‘year of two halves’ in 2024
Lufthansa Group believes the business can capitalise on momentum created in the second half of 2024 to achieve stronger financial returns in 2025, which it describes as a “year of transition”.
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NewsAir France-KLM full-year bolstered after bright fourth quarter
Air France-KLM posted a full-year operating profit of €1.6 billion after ending 2024 with a strong last quarter.
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NewsVirgin Australia names commercial chief as new CEO
Virgin Australia has promoted its chief commercial officer Dave Emerson as its new leader, succeeding outgoing CEO Jayne Hrdlicka.
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NewsAllegiant chief operating officer Keny Wilper steps down
Allegiant Air’s chief operating officer Keny Wilper has stepped down and will be replaced on an interim basis by longtime company executive Tyler Hollingsworth.
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NewsIAG caps highly profitable 2024 with consensus-beating quarter
European airline group IAG rounded off 2024 with another profitable quarter, as the British Airways and Iberia owner continues to see positive returns from all of its business units.
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NewsAsiana to complete sale of cargo unit to Air Incheon by June
Asiana Airlines expects to complete the transfer of its cargo unit to compatriot Air Incheon by 10 June, with aircraft and employees to be transferred to the latter operator.
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NewsAzul-Gol combination would create Brazilian airline able to ‘compete globally’
Azul’s leadership team is “really confident” that its proposed business combination with Brazilian competitor Gol will deliver future growth.
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NewsQatar gets green light for 25% stake in Virgin Australia
Qatar Airways has clinched regulatory approval for a 25% investment in Virgin Australia, paving the way for the Australian carrier to eventually restart long-haul operations.
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NewsRemote operator Canadian North to be acquired by Exchange Income Corportation
Shareholders of Ottawa-headquartered operator Canadian North have entered a binding agreement to sell the airline to Exchange Income Corporation for C$205 million ($143 million).
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News‘Combinations are coming’: Sun Country adds to airline consolidation chatter
With the US airline industry buzzing over potential tie-ups, Sun Country Airlines added to the chatter on 20 February by acknowleding that it views combinations with certain competitors favourably.
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NewsSpirit Airlines’ restructuring plan approved by US bankruptcy court
A US bankruptcy court has approved Spirit Airlines’ plan to reorganise through a Chapter 11 process and emerge with a stronger balance sheet.
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NewsJetBlue shopping around for potential tie-up partner as NEA appeal deadline looms
JetBlue Airways is exploring tie-ups with several US carriers, including the potential revival of its defunct the Northeast Alliance with American Airlines.
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NewsSIA Group betters third-quarter net profit with boost from Air India-Vistara merger
Singapore Airlines Group more than doubled its net profit in the third quarter after getting a one-time accounting gain from the merger of former joint venture Vistara with Air India.
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NewsSouthwest caves further to Elliott as chief transformation officer steps down
Southwest Airlines is caving further to pressure from minority stakeholder Elliott Investment Management, which has been granted permission to own a greater share of the company’s outstanding stock.
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NewsSpiceJet open to widebodies, long-haul operations: CEO
SpiceJet does not rule out acquiring widebody aircraft for long-haul operations in the future, as it looks to build back capacity while working through its financial challenges.
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NewsSouthwest axes 15% of corporate jobs in first-ever layoff
Southwest Airlines has slashed more than 1,750 corporate jobs – including roles in senior management – in its first large-scale retrenchment aimed at saving costs.
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NewsNorwegian to take call on Max options in next six months
Norwegian will take a decision in the next six months on the 30 options it holds for Boeing 737 Max jets as it expects to take delivery 11 to 13 aircraft this year.
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NewsMalaysia Aviation Group transfers MASwings unit to Sarawak government
Malaysia Aviation Group has formally transferred ownership of regional unit MASwings to the state government of Sarawak, following the signing of a sale and purchase agreement on 12 February.