All Strategy articles – Page 19
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NewsSpiceJet embarks on $357m fundraising as quarterly profit shrinks
Indian low-cost operator SpiceJet is attempting to raise over $350 million to “stabilise” its operations and financial position.
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NewsRex regional operations get Australian government guarantee
The Australian government will guarantee the regional operations of beleaguered carrier Regional Express (Rex), as the airline works through voluntary administration.
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NewsCurrency and capacity pressures push Brazil’s Gol to R3.9bn loss in second quarter
Brazil’s Gol posted a second-quarter loss of R$3.9 billion ($700 million) as an unfavourable exchange rate hit the company’s earnings, and passenger capacity fell, denting revenues.
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NewsSouth Korean low-cost operators see collapse in profitability amid rising costs
South Korean low-cost operators felt the impact of rising costs in the second-quarter, with two swinging to losses for the first time since 2022.
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NewsUS judge throws out consumer lawsuit against Alaska acquisition of Hawaiian
A US judge has dismissed a lawsuit against Alaska Airlines’ planned acquisition of Hawaiian Airlines due to the plaintiffs’ lack of standing.
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NewsStrong airline experience among Elliott’s picks as Southwest board replacements
Activist shareholder Elliott Investment Management has put forward 10 candidates – including former airline chiefs David Cush and Gregg Saretsky – to replace Southwest Airlines’ board, which it sees as “profoundly out of touch” with investors following a series of blunders earlier this year.
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NewsAzul reports R$3.9b loss as value of Brazilian real tanks
Azul posted a R$3.87 billion ($703 million) loss for the second quarter of the year after the devaluation of the Brazilian real to the dollar, as well as higher fuel costs, hit the company’s earnings.
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NewsThai carriers remain profitable but rising costs bite
Thailand’s two full-service operators were in the black in their second-quarter earnings, as passenger traffic grew and revenues remained strong.
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NewsPAL blames yield ‘pressures’, rising costs for drop in Q2 profit
Philippine Airlines (PAL) will implement “a disciplined investment plan” in the near term, as it reported a steep decline in second-quarter profitability amid yield “pressures” and an rise in operating costs.
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PodcastAirline Business Podcast: What’s going on in Europe’s earnings season?
Graham and Lewis discuss the confusing picture that has emerged in the first half of the earnings season in Europe, plus the actions under way at US low-cost carriers as they seek to boost revenues and what might be in store in the Asia-Pacific region. They then look back at ...
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NewsPanama’s Copa Airlines second-quarter profit reaches $120m
Panama-based Copa Holdings, parent of Copa Airlines, posted a $120 million profit in the second quarter as the company committed to cost savings and as passenger demand remained high.
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NewsLATAM Airlines Group second-quarter profit flat at $145m
Increased international demand boosted LATAM Airlines Group’s second quarter results as the Santiago-based company posted a profit of $145 million.
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NewsQantas docks ex-CEO Joyce’s final payout as report bares ‘considerable’ brand damage
The board of Qantas will cut former chief executive Alan Joyce’s final renumeration by more than A$9.2 million ($6 million), contending that some of his leadership decisions caused “considerable harm” to the airline’s reputation.
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NewsAir Canada second-quarter profit slides to C$410m amid a tough international market
Air Canada posted a profit of C$410 million ($298 million) during the second quarter, a decline of more than 50% from the same period last year, as costs rose and load factor as well as yields declined in an ever-tougher international market.
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NewsHigher fuel, manpower costs dent Korean Air Q2 profits
Korean Air reported a drop in its second-quarter operating profit, despite posting record revenues on the back of strong passenger and cargo demand.
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NewsCathay’s first-half profit down amid yield decline, rising fuel costs
Hong Kong’s Cathay Pacific group remained in the black its half-year earnings, though it saw its operating profit decrease on the back of shrinking yields and rising fuel costs.
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NewsCathay picks A330neo as future mid-sized widebody in 30-aircraft deal
Cathay Pacific has selected the Airbus A330-900 as its new mid-sized widebody replacement, after placing a firm order for 30 new aircraft with rights for another 30.
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NewsLATAM to invest $2bn in Brazil in the next two years
Chile’s LATAM Airlines Group has pledged to invest $2 billion in Brazil in the next two years, focusing on “products, technologies and services for passengers as well as aeronautical maintenance activities”.
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NewsSun Country curbs expansion as competition erodes airfares
Sun Country Airlines has curtailed growth plans for the second half of 2024, becoming the latest US discount carrier to do so in response to sagging fares what executives describe as an over supply of seats.
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NewsAer Lingus ‘re-engaging’ with IAG management on A321XLR after pilot deal
Aer Lingus hopes to reignite plans to introduce the Airbus A321XLR into its fleet following the signing of a new labour agreement with its pilots in July.