All Strategy articles – Page 83
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NewsTurkish Airlines reports Q3 net profit of $1.5bn as passenger revenue surges
Turkish Airlines has reported a net profit of $1.5 billion for the third quarter of 2022, as capacity, traffic and yields – as well as costs – surged beyond pre-Covid levels.
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NewsLATAM Airlines Group completes restructuring and exits Chapter 11
LATAM Airlines Group has completed its restructuring and has exited bankruptcy proceedings.
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NewsFrontier Airlines eyes expansion in Dallas
Frontier Airlines plans to open a new crew base at Dallas-Fort Worth International airport in mid-2023 that would employ up to 120 pilots and 220 flight attendants.
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NewsAtlas Air posts $60.1 million Q3 profit with acquisition looming
Third-quarter profits were down year-on-year for Atlas Air Worldwide Holdings, the parent of cargo and passenger carrier Atlas Air, as the airline grappled with “operational disruptions”.
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NewsTAP chief welcomes acquisition interest as carrier reports record Q3 revenue
TAP Air Portugal’s chief executive has welcomed the interest from Air France-KLM – and potentially others – in acquiring a stake in the Star Alliance carrier as it reported its highest-ever third-quarter revenue and forecast a “good” full-year performance.
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NewsAllegiant, hit hard by Hurricane Ian, reports third-quarter loss of $46.5m
Allegiant Travel Company, parent of Allegiant Air, reported a loss of $46.5 million in the third quarter as revenue – and costs – surged significantly.
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NewsAeroitalia signs for three 737 Max 8s from Air Lease
Aeroitalia is to take three Boeing 737 Max 8 jets on long-term placements from Air Lease, as the Italian start-up carrier seeks to expand its operations in the coming years.
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NewsVirgin Atlantic sees growth path ahead after debuting A330neo
Virgin Atlantic expects to be operating five more aircraft in summer 2023 than it did this year after launching services with its first Airbus A330neo.
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NewsRyanair reports October traffic up 14% on 2019, while Wizz sees 22% rise
Ryanair exceeded its pre-Covid passenger numbers by nearly 2 million in October this year, while rival Wizz Air reported traffic up by around 800,000 passengers on the same basis.
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NewsUnited pilots vote down tentative contract
Nearly 10,000 United Airlines pilots seeking higher pay rejected a tentative contract that would have given them a 14.5% pay raise over 18 months.
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NewsSun Country Airlines makes $10.7m profit despite Q3 headwinds
Sun Country Airlines posted a $10.7 million profit in the third quarter of 2022 despite higher operating costs and ongoing struggles to hire enough flight crews.
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NewsLufthansa reaches pay deal with cabin crew
Lufthansa has struck a pay deal with flight attendants through a collective agreement running until at least the end of next year.
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Airline BusinessWhy Icelandair is banking on flexibility to sustain recovery
Buoyed by record revenue and load factors in the third quarter, airline chief executive Bogi Nils Bogason sees the combination of its connecting model across the Altantic and Iceland’s strong tourist market as positioning the carrier to thrive beyond this summer’s peak
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NewsDelta Air Lines pilots vote to strike
An overwhelming majority of pilots at Delta Air Lines have voted to strike after they did not reach an agreement with the airline’s management on a new contract.
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NewsCargojet posts C$83.4m Q3 profit, boosted by e-commerce boom
With global demand for e-commerce driving revenue growth, Canadian operator Cargojet reported a third-quarter profit of C$83.4 million ($61.2 million) on 31 October.
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NewsStrong summer lifts Jazeera past 2019 passenger levels over first nine months
Kuwaiti low-cost carrier Jazeera Airways lifted operating profits by 25% to KD16.1 million ($51.8 million) in the third quarter on a doubling of revenues.
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NewsRevenue surges but Air Canada loses C$508m in Q3
Air Canada’s revenue more than doubled compared with its third quarter of 2021 but the flag carrier still lost C$508 million ($373 million) in the three months ending 30 September.
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Airline BusinessVueling heads IAG carrier capacity and profits return
Spanish low-cost carrier Vueling is leading the pace in restoring capacity and profit returns among IAG carriers as the group sees all but British Airways and Level operating at or above 2019 ASKs in the first quarter of next year.
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NewsAir France-KLM eyes TAP, Transavia and territories for growth as ITA deadline nears
Air France-KLM is studying consolidation opportunities in Europe and beyond as the exclusivity period for negotiations on an ITA Airways stake comes to an end, but also cites firm plans to expand within the limits of its current operations.
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NewsIAG sees full-year operating profit of €1.1bn after confirming strong third quarter
European airline group IAG expects to post an operating profit of €1.1 billion ($1.1 billion) before exceptionals for the full-year after confirming a strong third quarter in which all of its carriers were back in the black.