Strategy – Page 2
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NewsPotential restructuring looms as Spirit Airlines misses deadline to file quarterly report
Spirit Airlines has missed its deadline for filing a report on its third-quarter financial results with the US Securities and Exchange Commission (SEC) amid reports that it is considering financial restructuring.
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NewsSIA Group has ‘levers we can pull’ to manage delivery delays: CEO
Singapore Airlines Group has contingency plans in place in light of aircraft delivery delays, such as with Boeing’s 777X programme, says chief executive Goh Choon Phong.
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NewsYield and competition pressure hits SIA Group profits in first half
Singapore Airlines Group reported a significant drop in its half-year profit – from the previous year’s record high – as it flags a “moderation” in passenger yields from “strong” competition.
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NewsDutch challenges evident as Air France-KLM profits fall
Air France-KLM saw its third-quarter earnings impacted by a higher-than-expected cost increase at its Dutch operation, as it gave further details on the “firm measures” it is taking to tackle what it describes as a “structural” challenge
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NewsGol reaches debt-equity deal with Abra Group for Chapter 11 exit plan
Brazil’s Gol and Abra group, the airline’s majority investor, have reached an agreement that will eliminate up to $2.55 billion in debt from the carrier’s books.
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NewsLATAM Airlines Group lifts outlook after third-quarter profit rises to $301m
LATAM Airlines Group profit during the third quarter of 2024 rose to $301 million as the company managed to hold costs in check and profited from greater demand for air travel.
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NewsKorean Air sees 19% profit jump amid cargo, passenger revenue boost
Korean Air significantly bettered its quarterly profit after “successful” passenger capacity expansion, with its cargo operations again providing a significant boost to its earnings.
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NewsSouthwest appoints Rakesh Gangwal as board chair
Southwest Airlines on 4 November disclosed the appointment of Rakesh Gangwal as independent chair of the company’s board of directors, filling the role left vacant by former executive chairman Gary Kelly.
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NewsInvestment firm to acquire air cargo company ATSG for $3.1 billion
New York investment firm Stonepeak has signed an agreement to acquire US air cargo and aircraft leasing company Air Transport Services Group (ATSG) for $3.1 billion under a deal that would make ATSG a private company.
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NewsANA parent sticks to full-year outlook despite dip in six-month profit
ANA Holdings has maintained its full-year earnings forecast amid strong inbound and domestic passenger travel demand, even as its half-year profit slipped.
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NewsHigher fares ‘inevitable’ as KLM slams Schiphol charges increase
Home carrier KLM has hit out at a hike in fees at Amsterdam Schiphol airport, increases it says will make it inevitable that ticket prices will rise.
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NewsSpirit Airlines to furlough further 330 pilots to match drastic capacity cuts
Spirit Airlines plans to furlough a further 330 pilots early next year as it navigates a period of severe financial turbulence.
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NewsWalsh warns aviation supply chain issues could last up to five more years
IATA director general Willie Walsh says that supply chain issues in the aviation industry will continue for up to five more years, causing frustration among airline managers and further pushing back a full post-Covid-19 recovery.
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News‘Frustrating’: JetBlue executives unable to finalise post-2025 plan due to P&W recall
JetBlue Airways has yet to finalise its business plan after 2025 due to what executives describe as a frustrating lack of detail about the long-term operational impact of Pratt & Whitney’s (P&W) ongoing recall of PW1000G engines.
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NewsFrontier’s network and capacity changes start to show in profitable third quarter
Company executives say Frontier Airlines’ network and passenger-capacity pivots are already paying off as parent Frontier Group Holdings posted a modest third-quarter profit of $26 million.
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NewsJetBlue swings to $60m third-quarter loss but points to improving financial trends
JetBlue Airways lost $60 million in the third quarter of 2024 but insists its turnaround plan is yielding results, citing improving cost and revenue trends.
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NewsEmirates to explore wider partnerships with Vietnam Airlines, Vietjet
Emirates has signed two separate memorandums of understanding with Vietnamese operators Vietnam Airlines and Vietjet, as it looks to grow its presence in the Southeast Asian nation.
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NewsLoss-making IndiGo calls peak of GTF groundings
IndiGo believes groundings of its Airbus A320neo-family aircraft for inspections of their Pratt & Whitney geared turbofan (GTF) engines is likely to have peaked in the mid-70s during its fiscal second quarter.
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NewsNorwegian growth plans hit as Boeing delivery delays lengthen
Norwegian has cut its forecast capacity growth for 2025 as it recalibrates its plans to absorb the impact of worsening Boeing delivery delays.
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NewsSouthwest’s board overhaul continues with six new directors and Gary Kelly’s ‘accelerated’ retirement
In a settlement with minority stakeholder Elliott Investment Management, Southwest Airlines is appointing six new directors to its board and accelerating the retirement of executive chairman Gary Kelly.