All Strategy articles – Page 93
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NewsJetBlue Q2 revenue and costs rise, plans to integrate Spirit underway
JetBlue Airways boosted revenue in the second quarter of 2022 and has begun making preparations to swallow its newest prize, ultra-low-cost carrier Spirit Airlines.
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NewsAir Canada Q2 revenue surges as it experiences rapid ramp-up
Air Canada slashed its quarterly loss as travel demand soared, and the company experienced “one of the steepest ramp-ups compared to any other airline in the western world”.
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NewsBritish Airways temporarily limits Heathrow short-haul ticket sales
British Airways is limiting sales of tickets for its short-haul flights from London Heathrow Airport for at least one week, citing an earlier request from the hub to restrict new bookings. Heathrow announced in mid-July that it would cap daily departing passenger numbers for the summer peak season at 100,000, ...
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NewsANA outlines plans to achieve net-zero C02 emissions by 2050
ANA Holdings has announced its strategy to reduce carbon emissions with the aim of achieving net-zero C02 emissions by 2050.
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NewsTransat secures up to C$150m more federal financial aid
Transat AT, the parent of Canadian leisure airline Air Transat, has secured an additional payroll loan worth up to C$150 million ($117 million) from the Canadian federal government.
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Airline BusinessJetBlue is last Spirit suitor standing but hurdles still ahead
When it was announced in February that Frontier Airlines intended to buy Spirit Airlines, analysts saw plenty of logic in the move. The airlines share similar business models and fleets, they observed, and might be small enough to avoid too many complications when it came to competition oversight. Crucially, Spirit’s ...
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NewsAir France-KLM records Q2 net profit in ‘very exceptional times’
Air France-KLM recorded a quarterly net profit for the first time since 2019 in the second three months of this year, driven by resurgent revenues and high yields as Covid-related travel restrictions fell away. The result comes despite the “severe operational disruption” being seen in the group’s markets, it says, ...
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NewsSkyWest Charter hopes to launch on-demand flights ‘shortly’
SkyWest Airlines hopes to launch its SkyWest Charter subsidiary “shortly”, a move the airline says will enable it to serve secondary cities with on-demand charters.
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NewsSkyWest Q2 revenue jumps 22% as it adds 43 aircraft
SkyWest Airlines’ second-quarter revenue surged 22% year-on-year after it added almost four dozen aircraft to its fleet.
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NewsSouthwest benefits from surge in demand for discount travel
Southwest Airlines notched record revenue and profit during the second quarter as demand for discount travel surged.
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NewsGol triples Q2 revenue as corporate travellers return
Corporate travellers returning to air transport in greater numbers and expansion of regional markets helped support Brazilian airline Gol’s jump in total revenue during the second quarter of 2022.
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NewsSpirit approves acquisition by JetBlue, regulatory approval still uncertain
Spirit Airlines’ board of directors has green lighted JetBlue Airways’ acquisition proposal, a radical reversal from Spirit’s previous plan to be bought by Frontier Airlines.
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NewsEthiopian Airlines converts four A350 orders to -1000 variant
Ethiopian Airlines will take four A350-1000 twinjets, having confirmed the conversion of outstanding orders for the -900 variant. The carrier’s chief executive Mesfin Tasew had said during the Farnborough air show on 20 July that Ethiopian was in the “final stage” of negotiations to take the larger version of the ...
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NewsIAG orders 37 more Airbus A320neo-family jets
British Airways and Iberia owner IAG has ordered a further 37 Airbus A320neo-family twinjets, as its single-aisle modernisation effort continues. Announcing the deal on 28 July, IAG says 12 of the A320neo options it took in August 2013 – which covered up to 220 single-aisle jets – have been converted ...
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NewsIncreasing demand for discount travel boosts Frontier’s Q2 earnings
Frontier Group posted record revenue growth during the second quarter as demand for discount travel booms.
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NewsFrontier Airlines ‘disappointed’ at collapse of Spirit deal
Frontier Airlines is “disappointed” after ultra-low-cost peer Spirit Airlines decided to terminate a potential tie-up earlier in the day.
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NewsSpirit and Frontier call off proposed merger
Spirit Airlines and Frontier Airlines have agreed to end their merger discussions but Spirit continues to negotiate with JetBlue Airways.
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NewsNorth America and international demand lifts Hawaiian’s Q2 revenue
Hawaiian Holdings, the parent company of Hawaiian Airlines, credits more international flying and ongoing strong demand from North American markets for its 68% rise in revenue during the second quarter.
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NewsCanada Jetlines to launch revenue service on 15 August
Canada Jetlines, a start-up leisure carrier based in Vancouver, is set to launch passenger revenue service next month.
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NewsBaffled Ryanair vows to appeal EU ruling on €8.4m in ‘illegal’ state aid
Low-cost group Ryanair has vowed to appeal what it describes as a “bizarre” ruling by the European Commission that it benefited from illegal state aid relating to France’s La Rochelle airport between 2003 and 2010. In approving the financial aid provided by the French government to La Rochelle and Beauvais ...