All Strategy articles – Page 31
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NewsVolaris reports $8m profit for 2023 as demand rises
Mexican ultra low-cost carrier Volaris reported a full-year profit of $8 million as the company resized operations and capitalised on strong demand.
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NewsAllegiant and Viva Aerobus urge US DOT to resume review of proposed alliance
Las Vegas-based Allegiant Air and Mexico’s VivaAerobus have requested the US Department of Transportation (DOT) reinstate the procedural schedule pertaining to approval of an alliance between the two ultra-low-cost carriers.
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NewsDelta and Aeromexico slam US DOT for ‘arbitrary’ cancellation of joint business
Delta Air Lines and Aeromexico call the US government’s planned termination of their joint cooperation agreement (JCA) “arbitrary, misdirected, discriminatory and ineffectual” in a new filing protesting the move.
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NewsAir Canada caps fares and adds seats to help Lynx passengers
Air Canada will cap fares and add 6,000 seats in “select markets” to assist passengers in the wake Lynx Air’s pending cessation of operations.
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NewsLynx owes Indigo C$124m amid insolvency due to Max grounding and pandemic: court papers
Canadian start-up carrier Lynx Air attributes its descent into insolvency to factors including the grounding of Boeing’s 737 Max, Covid-19 travel restrictions and surging fuel prices.
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NewsLoganair names new chief executive
Scottish regional carrier Loganair has appointed Luke Farajallah as its new chief executive following the recent departure of Jonathan Hinkles.
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NewsCanada’s Chorus turns C$106 million profit in 2023 as all segments remain strong
Canada’s Chorus Aviation said its 2023 profit more than doubled year on year to C$106 million as all three segments of the company posted gains.
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NewsLATAM improves earnings on strong international and domestic passenger demand
LATAM Airlines Group posted improved fourth-quarter and full-year earnings as international capacity surged and domestic demand also remained strong.
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NewsLynx Air to cease operations due to high costs and stiff competition
Canadian start-up carrier Lynx Air is ceasing operations on 26 February, citing financial pressure in the highly competitive low-cost segment.
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NewsThai rebounds to net profit in 2023
Thai Airways International swung back to the black in 2023, posting an annual net profit on gains from its debt restructuring, as well as a continued increase in passenger travel revenue.
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NewsSwiss CEO Vranckx to depart for Lufthansa Group executive board role
Swiss International Air Lines chief executive Dieter Vranckx will leave his post to join Lufthansa Group’s executive board, responsible for global markets and commercial steering hubs, in July.
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NewsJetBlue expects average of 11 grounded aircraft due to Pratt & Whitney engine issues: CFO
JetBlue Airways expects to have an average of 11 Airbus narrowbody aircraft grounded during 2024 due to inspections of the jets’ Pratt & Whitney PW1100G geared turbofan (GTF) engines.
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NewsEmirates hints at Clark succession options by naming deputy presidents
Emirates Group has added “deputy president” to the job titles of two of its senior executives, suggesting potential succession options for long-serving Emirates Airline president Tim Clark.
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Airline BusinessNew product enhancements lead Qantas charm offensive as first half profits slip
While underlying pre-tax profits fell 13% in the first half of its financial year, the more pressing challenges facing Qantas have less to do with its fiscal performance and more with improving its public image.
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NewsAircraft supplier delays push Qantas ‘Project Sunrise’ launch back six months
Aircraft delivery delays have forced Qantas to push back by six months plans to launch ultra-long-haul flights from Australia’s east coast to New York and London.
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NewsStarlux ‘will not miss’ opportunity to have cargo operations: chairman
The chairman of Starlux Airlines says the Taiwanese carrier “will not miss the opportunity” in cargo operations, given Taiwan’s importance as a cargo hub in the region.
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NewsStarlux orders five Airbus A350 freighters and three more A330neos
Taiwan’s Starlux Airlines has ordered five Airbus A350 freighters as well three more A330neo passenger aircraft at the Singapore air show today.
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NewsBreeze firms 10 Airbus A220 orders and will be profitable in 2024: CEO
Start-up carrier Breeze Airways has converted 10 Airbus A220-300 options to firm orders as the three-year old company is anticipated to be profitable for the first time in 2024.
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NewsSIA Group says yields under pressure as it reports profitable end to 2023
Singapore Airlines Group saw a “strong” performance in its fiscal third quarter but notes that passenger yields are being pressured by the return of capacity around the world.
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NewsSwiss CFO Markus Binkert to leave company in May
Swiss International Air Lines’ chief financial officer Markus Binkert will leave the company at the end of May.