All Strategy articles – Page 8
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NewsFinnair cautious on post-summer demand as it welcomes small Q1 profit
Finnair highlighted uncertainty about the durability of high passenger demand as it reported its third consecutive quarterly operating profit amid a strategic overhaul of the business.
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Airlines are maintaining focus on air cargo: IATA chief
Airlines are maintaining the focus on air cargo that they gained during the Covid-19 pandemic, according to IATA director general Willie Walsh.
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Air China to sell eight A330s to cargo unit in fleet rejig
Air China is to sell eight Airbus A330-200s to its cargo unit Air China Cargo in a deal worth up to $114 million, as part of fleet optimisation efforts and to “improve the economic benefits” of aircraft disposal.
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AirAsia units ramp up international capacity amid ‘sustained demand’
AirAsia Aviation carriers see “sustained demand” in international travel demand amid a significant capacity ramp-up in the first quarter of the year, including resuming flights to Mainland China.
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Hong Kong Airlines restructuring gets underway; network, fleet ‘realignment’ to come
Hong Kong Airlines (HKA) expects to undertake a network and fleet “realignment” in the near term, as part of business recovery efforts after it secured investment for its restructuring.
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Avianca fires back at Aerocivil for ‘unfeasible conditions’ on Viva acquisition
Colombian airline Avianca has sharply criticized a decision by the country’s civil aviation regulator on it’s planned acquisition of now-defunct Viva Air.
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Spirit loses $104m as first quarter costs outpace surging revenue
US low-cost carrier Spirit Airlines reports a $104 million loss for the first quarter of 2023, compared with a $195 million loss during the same period last year.
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Colombia’s Aerocivil grants final approval of Avianca-Viva merger
Colombia’s Directorate of Air Transport and Aero-Commercial Affairs, also known as Aerocivil, has formally approved the merger of Avianca and Viva Air.
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Gol grows in a ‘disciplined manner’ in the first quarter of 2023
Gol boosted its first-quarter results as “continues to act in a disciplined manner in managing supply and demand” in the sometimes still unpredictable post-Covid-19 environment.
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Hawaiian posts $98m Q1 loss amid ‘challenging revenue environment’
Hawaiian Holdings, parent company of Hawaiian Airlines, posted a loss of $98 million for the first quarter of 2023, compared with a loss of $133 million last year.
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Five Hawaiian Airlines A321neos grounded, waiting for engines
Five Airbus A321neo aircraft operated by Hawaiian Airlines are grounded due to engine supply chain issues affecting customers of Pratt & Whitney’s PW1100G engines.
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Volaris’ US flying profitable as it eagerly awaits Cat 1 safety upgrade
Volaris said its US flying was profitable during the first quarter of 2023, as it eagerly awaits a safety upgrade by the Federal Aviation Administration so that it can expand its transborder business by the end of the year.
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JetBlue posts $192m Q1 loss, but ‘very prepared’ for busy summer
JetBlue Airways generated record revenues but still posted a $192 million loss during the first quarter of 2023, compared with a $255 million loss during the same three months last year.
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2023 a 'turning point for recovery', domestic competition to be 'mitigated': Air China
Air China believes domestic airline competition “will be mitigated” in the near term, following a bruising year where travel demand collapsed under the pressures of China’s now-scrapped ‘zero-Covid’ policies.
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Air India sees progress with comprehensive tech overhaul
Air India is making headway in a total overhaul of its digital capabilities under its Vihaan.AI transformation plan.
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ANA parent expects higher profits on cost-cutting
ANA Holdings, the parent company of Japanese carrier All Nippon Airways, has revised upwards its full-year profit forecast, amid cost reduction efforts and despite sluggish cargo performance.
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Newsletter
US carriers see revenues surge, but challenges remain
While US giants Delta Air Lines and United Airlines both reported small losses for the first quarter, it is their positive narrative on the demand and revenue picture that stands out.
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Surging costs and slower demand leave Alaska with $142 million Q1 loss
Alaska Air Group on 20 April become the latest US airline to report a first-quarter loss, swinging $142 million into the red during the three months ending in March.
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Silver Airways narrowly avoids lease termination at South Florida base
US regional carrier Silver Airways has struck a last-minute deal to avoid eviction from its base at South Florida’s Fort Lauderdale-Hollywood international airport due to owing more than $1.4 million in back rent and late fees.
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Corporate customers are back: United Airlines
United Airlines executives say corporate travel has fully returned following an almost-three-year downturn due to Covid-19.
