Strategy – Page 10
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NewsIAG hopeful of clearance to take 20% of Air Europa in next six months
IAG chief executive Luis Gallego is hopeful the group will be cleared to take a 20% stake in Air Europa within the next six months as it continues efforts to finalise its on-off deal for the Spanish carrier.
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News
IAG sees profits from second quarter onwards on summer ramp-up
European airline group IAG expects to be profitable from the second quarter and for the year as a whole on sharply ramped-up operations, after cutting operating losses before exceptionals by a third to €754 million ($797 million). The British Airways and Iberia parent reported a more than trebling of revenues ...
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Newsletter
Has the golden age of Chinese air travel come to an end?
For three decades it has been an article of faith that China is the future of the world’s airline and aviation businesses, but trends suggest a darker path ahead.
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News
Sun Country reports profit as scheduled service demand soars
Sun Country Airlines has reported a first-quarter profit as customer demand in its scheduled service segment grew quickly following an Omicron-driven dip early in the year.
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News
Atlas’ long-term dedicated-freighter contracts drives higher earnings
Atlas Air Worldwide Holdings, the parent of Atlas Air, says long-term contracts for dedicated freighter capacity are fueling growth and profits, and driving fleet expansion.
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News
Spirit cites anti-trust ‘red flags’ in rejecting JetBlue bid
A myriad of anti-trust issues convinced Spirit Airlines’ board to reject JetBlue Airways’ offer to acquire it, and to pursue the original proposal from Frontier Airlines.
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News
Swiss aims for breakeven as it outperforms Lufthansa Group partners
Swiss saw the biggest first-quarter operating result improvement of all Lufthansa Group carriers and is targeting breakeven this year, as it rides a wave of strong demand after a challenging couple of years.
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News
Lufthansa reminds of A380 option amid strong demand and Boeing delays
Pent-up demand for air travel is “enormous” but the aviation industry faces a “major operational challenge” this summer as rising passenger numbers coincide with staff shortages at airports and other stakeholders, Lufthansa Group chief executive Carsten Spohr has warned.
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News
Lufthansa Group looks to strong summer demand as fuel costs bite
Lufthansa Group’s overall results improved in the first quarter, although rising fuel costs held back the recovery of its passenger airline business during the first three months of the year.
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News
Air France-KLM projects summer profit after cutting first quarter loss
Air France-KLM Group expects to break even at the operating level in the second quarter and to be “significantly positive” in the third after reporting strong recovery signs in the first three months of the year despite the impact of Omicron and the Ukraine crisis.
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News
Spirit Airlines doubles revenue in Q1, saw ‘dramatic improvement’
Spirit Airlines doubled sales in the first quarter as demand trends showed a “dramatic improvement” in the later part of the period.
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News
Allegiant experiences ‘busiest and best Spring ever’
Allegiant Travel Company, the parent of Allegiant Air, expects “substantial opportunities” to propel its earnings during 2022 as it experienced the “busiest and best Spring ever”.
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Analysis
Emirates at epicentre of airframer widebody woes
For Emirates Airline, being a key driver of new and existing widebody programmes has long been a double-edged sword, with recent issues at airframers leaving it particularly vulnerable to several unfavourable developments.
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News
Pent-up demand for air travel ‘finally being realised’ but IATA warns on airport delays
Demand for air travel continued its recovery in March this year, according to IATA, despite the war in Ukraine and China’s restrictive Covid-19 policies.
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In depth
Why sparks are flying over airport charges post-pandemic
While airlines and airports found common ground during the pandemic in pressing for the lifting of restrictions, the fractious debate over future pricing at Heathrow underlines the wider financing challenges ahead for an industry on its heels from two years of losses but with a long-term capacity crunch still on the horizon
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News
Air cargo market told to brace for ‘growing challenges’ as demand falls
Demand for air cargo fell in March, according to data released by IATA on 3 May, as factors including China’s ‘zero-Covid’ policies and the Russia-Ukraine war weighed on demand and threatened to become longer-term hindrances.
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Interview
Icelandair chief on Covid recovery, Max jets, 757s, cargo and competition
With the group restructured during the pandemic, Icelandair under Bogi Nils Bogason is emerging as a streamlined, aviation-focused business with a decision ahead on its future fleet
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News
Air Baltic leases jets including Ukraine International 737 amid lack of A220 spares
Global supply chain issues mean Air Baltic is looking to airlines including Ukraine International Airlines for short-term leased capacity as maintenance schedules for its own jets are extended.
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News
Spirit confirms it rejected JetBlue’s offer due to anti-trust concern
Spirit Airlines confirms it declined JetBlue Airways’ takeover bid due to concern that the proposed merger would not receive Department of Justice (DOJ) anti-trust clearance.
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News
Spirit board rejects acquisition by JetBlue, moves ahead with Frontier combination
Spirit Airlines has rejected an acquisition proposal from JetBlue Airways, saying its board of directors favours a competing proposal under which Frontier Airlines would acquire the budget carrier.
