All Strategy articles – Page 6
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NewsDiscover Airlines pilots and flight attendants vote for four-day strike
Pilots and flight attendants at Lufthansa Group carrier Discover Airlines have said they will go on a four-day strike later this week to pressure the carrier to negotiate new contracts.
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NewsDelta operations chief Spanos to depart for new job weeks after operational meltdown
Delta Air Lines chief operating officer Mike Spanos will leave the company on 31 August after holding the role for little more than one year and earning compensation of nearly $8.6 million in 2023 alone.
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NewsAir Canada pilots vote to authorise strike
Air Canada pilots have overwhelmingly voted to authorise a strike after its union says the airline’s management has ignored pilots’ concerns as negotiations for a new contract drag on.
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NewsMalaysia’s Capital A raises $443 million for AirAsia fleet reactivation
Malaysia’s Capital A has secured $443 million in funding, which will mainly go towards reactivating and refurbishing its grounded fleet.
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NewsSouthwest seeks fresh revenue direction with Tim Lyon as new pricing vice-president
Needing to shake up what critics say is a stagnant revenue model, Southwest has created a new role to shape its pricing strategy.
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In depthAircraft shortages push US carriers to pause pilot-hiring spree
A pilot shortage that had gripped the US regional airline industry is finally easing, at least temporarily, due to aircraft production and maintenance issues that have left much larger US airlines with fewer-than-anticipated jets.
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Airline BusinessAeromexico’s Q2 profits climb amid pending stock offering
Aeromexico turned a $242 million profit in the second quarter of 2024, a significant year-on-year improvement coming as the airline continues working toward an initial public offering on the New York Stock Exchange.
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NewsAlaska acquisition of Hawaiian clears major regulatory hurdle
Alaska Airlines says the time period for the US Department of Justice (DOJ) to complete its review of its proposed $1.9 billion acquisition of Hawaiian Airlines has expired, without apparent objections.
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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.