Strategy – Page 21
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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.
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NewsCebu Pacific selling its two ATR freighters
Cebu Pacific is selling its two ATR freighters as its shifts back to an all-passenger fleet while continuing to serve the cargo market using belly capacity.
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NewsTurkish Airlines close to Boeing order but no Farnborough announcement
Turkish Airlines is close to placing its highly telegraphed order for Boeing aircraft but is not expecting to announce anything at this year’s Farnborough air show.
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NewsAirline chiefs insist SAF feedstock conundrum is solvable
The chief executives of three airlines from around the world have pushed back against suggestions that there will be insufficient raw material to feed the required ramp-up in the production of SAF.
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NewsAirline leaders expect supply-chain challenges to persist for years
Global airline leaders are bracing for supply-chain challenges to last for at least another two years, as manufacturers struggle to meet demand from a growing industry.
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NewsAir Canada lowers full-year earnings expectations as competitive pressures mount
Air Canada has cut its full-year earnings expectations as yields and load factors are anticipated to be lower than expected, and international markets experience what the airline calls ”competitive pressures”.
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NewsUS airlines get thousands of flights airborne as cancellations exceed 1,000 following IT outage
US airlines are working to get their operations back into gear after a global computer outage forced some carriers to halt all departures overnight.
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NewsFinnair reports ‘normalisation’ of demand as quarterly profits drop
Finnair saw post-Covid pent-up demand largely dissipate during the second quarter of this year, hurting its profitability as unit revenues declined.
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NewsAlaska to add premium seats across 737 fleet
Seeking a greater slice of the lucrative premium market, Alaska Airlines plans to add more than 1,000 first and premium-economy seats across about 220 aircraft in its fleet.
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NewsAllegiant president Anderson to succeed Gallagher as CEO in September
Longtime Allegiant Travel Group chief executive Maurice Gallagher will step down on 1 September and be succeeded as CEO by company president Gregory Anderson.
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NewsIcelandair sees second-quarter profit fall as seismic activity hits demand
Icelandair Group eked out a small profit during the second quarter as it shifted more of its network towards lower-yielding transatlantic connections amid the impact of seismic activity on demand for travel to Iceland.
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NewsAlaska avoids US airline industry’s second-quarter stumbles
With much of the US airline industry seeking but not finding profitability, Alaska Air Group reports a second-quarter profit of $220 million as the carrier’s premium offerings set it apart from struggling discounters.
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NewsUnited’s second-quarter profits soar as competitors struggle
The major US carrier’s profits increased 23% to $1.32 billion during the second quarter, driven by diverse revenue sources and what it expects to be the “best unit revenue performance” among its major airline peers.
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NewsAlaska and Hawaiian request transfer of international route authority
The carriers are requesting the transfer of Hawaiian’s international route authority to potential parent company Alaska Air Group.
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NewsRex ex-boss mounts bid to clear airline board
The former boss of Australia’s Regional Express (Rex) is attempting to oust most the airline’s board, in a surprise move that comes a month after he stepped down from its leadership team.
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NewsDelta and Riyadh Air reveal intention to build intercontinental joint venture
Delta Air Lines has a formed a new strategic partnership with Saudi Arabia’s Riyadh Air, with the major US airline and yet-to-launch carrier building toward an eventual joint venture.
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NewsSouthwest adds Rakesh Gangwal as board director in face of leadership criticism
Facing investor criticism for having a too-insular board of directors, Southwest Airlines has added longtime airline executive Rakesh Gangwal to the group it believes will guide it back to “enduring profitability”.
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NewsSingapore approves SIA-Garuda commercial joint venture
Singapore’s competition regulators have allowed Singapore Airlines and Garuda Indonesia to deepen their strategic partnership as part of a commercial joint venture agreement.
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NewsITA performance ahead of business plan: Spohr
Italian carrier ITA Airways is performing ahead of the business plan drawn up last year as Luthansa Group prepares to take a stake in the airline.