Strategy – Page 21
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NewsHigher fuel, manpower costs dent Korean Air Q2 profits
Korean Air reported a drop in its second-quarter operating profit, despite posting record revenues on the back of strong passenger and cargo demand.
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NewsCathay’s first-half profit down amid yield decline, rising fuel costs
Hong Kong’s Cathay Pacific group remained in the black its half-year earnings, though it saw its operating profit decrease on the back of shrinking yields and rising fuel costs.
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NewsCathay picks A330neo as future mid-sized widebody in 30-aircraft deal
Cathay Pacific has selected the Airbus A330-900 as its new mid-sized widebody replacement, after placing a firm order for 30 new aircraft with rights for another 30.
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NewsLATAM to invest $2bn in Brazil in the next two years
Chile’s LATAM Airlines Group has pledged to invest $2 billion in Brazil in the next two years, focusing on “products, technologies and services for passengers as well as aeronautical maintenance activities”.
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NewsSun Country curbs expansion as competition erodes airfares
Sun Country Airlines has curtailed growth plans for the second half of 2024, becoming the latest US discount carrier to do so in response to sagging fares what executives describe as an over supply of seats.
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NewsAer Lingus ‘re-engaging’ with IAG management on A321XLR after pilot deal
Aer Lingus hopes to reignite plans to introduce the Airbus A321XLR into its fleet following the signing of a new labour agreement with its pilots in July.
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NewsAdequate Air Europa remedies harder to identify for IAG’s second bid: EU
Air Europa’s improved performance since 2021 made it harder to identify sufficient remedies during IAG’s second failed attempt to acquire the Spanish carrier, according to the European Commission.
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NewsIAG offered to hand over 52% of Air Europa frequencies to secure acquisition
British Airways and Iberia owner IAG was willing to sacrifice 52% of Air Europa’s 2023 frequencies to secure its acquisition of the business, but that was not enough to satisfy the European Commission.
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NewsIAG terminates Air Europa acquisition
British Airways and Iberia owner IAG has terminated its agreement to purchase Spanish carrier Air Europa from its parent company Globalia, citing the “current regulatory environment”.
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NewsWizz Air seeks early exit from wet-leases as P&W turnaround times improve
Wizz Air is aiming to operate no wet-leased aircraft by the end of October after Pratt & Whitney achieved faster-than-expected turnarounds of some of the PW1000G engine inspections that have been grounding a significant proportion of its fleet
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NewsAirAsia X now targets year-end completion of AirAsia Aviation acquisition
AirAsia X is aiming to complete the acquisition of sister company AirAsia Aviation by December, as both companies eye a “new era” following its completion.
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NewsJapanese majors’ first-quarter profit down as rising costs bite
Japan’s two largest carriers reported a drop in profit for the April-June quarter, despite seeing an increase in revenues.
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NewsUS DOJ extends Alaska-Hawaiian antitrust review
The US Department of Justice (DOJ) is taking another 10 days to review Alaska Air Group’s proposed acquisition of Hawaiian Holdings, with the airlines now agreeing not to close their planned deal before the period ends on 15 August.
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NewsAir NZ drops 2030 climate targets, raising questions about Dash 8-300 replacement
Air New Zealand has axed its interim climate targets, stating that measures needed to meet the target were unaffordable and not readily available.
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NewsSouthwest to end 50 years of ‘open’ seating as it overhauls product
Southwest Airlines will end its signature “open” seating model and offer premium seating options as it seeks new revenue sources to address concerns around the business’s performance.
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NewsAirbus confirms Berniq Airways order for A320neo-family jets
Berniq Airways has placed a firm order for six A320neo-family aircraft, Airbus confirmed during Farnborough air show on 23 July.
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NewsTurkish Airlines details roll-out of in-house business-class suites
Turkish Airlines aims to begin rolling out its new business-class suites next year on 777s
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NewsEveryone benefits from Air India no longer being ‘monster in middle’: CEO
Air India chief executive Campbell Wilson insists that the privatisation of the flag carrier means the country’s airlines are better positioned to take advantage of the huge growth potential in India
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NewsVolaris posts $10m second-quarter profit on 17% lower capacity
Mexican ultra-low-cost carrier Volaris earned $10 million in the second quarter of the year, up from $6 million last year, as the company mitigates the effects of the Pratt & Whitney engine inspection recall.
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NewsCebu Pacific eyes ‘attractive markets’ as AirSWIFT talks continue
Cebu Pacific believes that an acquisition of compatriot AirSWIFT would give it access to “very attractive markets” as discussions over a deal continue.