All Strategy articles – Page 44
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Airline BusinessMexican airline growth story impresses despite state interventions
The country’s airlines are powering out of Covid-19 but airport and competitive challenges complicate the outlook
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NewsAir Transat’s CFO Patrick Bui to leave company
Patrick Bui, chief financial officer of Canadian airline company Transat AT, plans to leave his role on 15 December to “pursue another carrer opportunity” as CFO for Canadian discount store chain Dollarama.
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NewsSalamAir appoints acting chief executive
Omani low-cost carrier SalamAir has appointed Ahmed Mohammed Al-Shidhani as acting chief executive following the departure of Mohamed Ahmed. No reason was given for the change. The move follows Oman Air stating in August that it expects to develop closer ties with SalamAir under a restructuring plan outlined by the ...
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NewsIcelandair achieves record quarterly revenue despite weak cargo results
Icelandair achieved its highest-ever quarterly revenue during the seasonally strong July-September period, even as the weakness of cargo markets weighed on its results.
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NewsAirAsia X hits roadblock in bid to shed financially distressed status
Malaysian stock exchange Bursa Malaysia has rejected AirAsia X’s application to officially exit its status as a financially distressed entity, dealing a blow to the carrier’s recovery plans.
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NewsFrontier names former CFO James Dempsey as president
Frontier Group Holdings has named longtime chief financial officer James Dempsey to president of the company.
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NewsAlaska Air Group increases Q3 profits while business travel lags
Alaska Air Group reports increased profits and generated about $2.8 billion of revenue during the third quarter, which company executives attribute to strong operational performance and “cost discipline”.
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NewsAmerican posts $545m Q3 loss as operating expenses rise almost 10%
American Airlines posted a $545 million loss for the third quarter of 2023 as its expenses jumped 9.4% year-on-year, including an almost 17% increase in jet fuel prices and a one-time charge related to its new pilot contract.
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NewsAmerican orders four E175s with 2024 deliveries
American Airlines has ordered another four Embraer 175 regional jets, which it intends to deploy into the fleet of its subsidiary regional carrier Envoy Air.
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NewsUnited sees Dreamliner order giving it control of fleet growth plan
United Airlines’ recent order for more Boeing 787-9s reflects the airline seeking to lock in its growth opportunity amid a backdrop of sliding aircraft deliveries.
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Airline BusinessTop 100 airline groups traffic rankings 2022
Passenger traffic among leading global carriers sharply recovered last year, outpacing the additional capacity they restored and helping load factors climb back above 80%. FlightGlobal’s analysis of the airline industry traffic performance in 2022 based on the top 100 airline groups by revenue passenger kilometre (RPKs).
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Airline BusinessUnited banks on international gains amid fourth quarter headwinds
United Airlines executives struck a bullish tone about the strength of international markets, even if the disruption to its Tel Aviv services was a key contributor to a weaker fourth quarter outlook.
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NewsQantas axes plans to acquire charter operator Alliance Aviation
Qantas has scrapped plans to acquire resources charter operator Alliance Aviation – months after competition regulators opposed the deal – noting that “there is no reasonable path forward” for the merger now.
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NewsAir India Express rebrands and sets 170-aircraft target as 737 Max jets arrive
Air India Express has launched its new branding, weeks after taking delivery of its first two Boeing 737 Max jets, as Air India Group continues its transformation and growth under Tata Group ownership.
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NewsTransavia to pick up routes as Air France signals end to Paris Orly flights by 2026
Air France has outlined plans to transfer operations of its domestic flights from Paris Orly airport to its leisure unit Transavia citing a “structural fall” in demand for the network carrier’s services.
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NewsUnited lifts Q3 profits a fifth on strong international demand
United Airlines’ net profits climbed by one-fifth in the third quarter to reach $1.1 billion, in part driven by a strong performance on its international routes in the Atlantic and Pacific regions.
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Airline BusinessAir Nostrum chief on why CityJet tie-up still has compelling rationale
Even though it has taken almost five years to get the deal over the line, the coming together of European regional carriers Air Nostrum and CityJet still has a compelling rationale, in the view of the Spanish carrier’s chief executive Carlos Bertomeu.
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NewsAir Nostrum and CityJet finally join forces in European regional alliance
Regional carriers Air Nostrum and CityJet have formally joined forces to create a European regional airline alliance, nearly five years after a tie-up was first proposed.
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NewsKLM Cityhopper chief warns Schiphol transfer tax could ‘kill the network’
The chief executive of regional carrier KLM Cityhopper has warned of the potentially serious impact of introducing a transfer tax at Schiphol airport, while stating his belief that the commercial aviation sector and the Dutch government will “find each other again” and achieve better outcomes at the hub.
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NewsMalaysia’s MYAirline gets AOC revoked, as airline claims ‘multiple’ offers in revival bid
Malaysian regulators have suspended the air operator certificate (AOC) of start-up low-cost operator MYAirline, dealing a blow to the carrier’s revival plans.