Strategy – Page 22
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Brazil’s Gol files for Chapter 11 bankruptcy protection in US court
Brazilian low-cost carrier Gol has filed for Chapter 11 bankruptcy protection in the USA so it can “address ongoing challenges” posed by the Covid-19 pandemic.
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Alaska’s 2024 growth plan takes hit from 737 Max 9 troubles
Alaska Air Group has trimmed its 2024 capacity expectations and expects to take a $150 million hit this year due to the 737 Max 9 door-plug issue, which Alaska’s chief executive has now squarely pinned on Boeing.
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American upbeat on short-haul business after posting $822m 2023 profit
American Airlines posted an improved full-year 2023 profit of $822 million on record revenue.
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Royal Jordanian receives first two E195-E2s
Royal Jordanian has taken delivery of its first two Embraer 195-E2 aircraft from a commitment for eight of the regional jet family.
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Wizz Air swings to loss in ‘tricky’ final quarter of 2023
European budget carrier Wizz Air swung to a net loss in the October-December 2023 quarter, as geopolitical and supply chain challenges weighed on its financial performance.
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EasyJet loses more than £40m to Middle East war but confident on summer
EasyJet reports bookings and yields for its key summer season are trending higher year on year, after its losses during the October-December quarter were exacerbated by the Israel-Hamas war.
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Norwegian expects full-year profit to beat forecast
Scandinavian carrier Norwegian expects to exceed the range it had forecast for its full-year operating profit, partly thanks to stronger-than-expected travel demand in November and December.
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Ben Gurion airport traffic hit hard by Israel-Hamas war
The latest traffic data for Ben Gurion International airport reflects the significant impact of the Israel-Hamas war on airline connectivity at Tel Aviv, despite the airport remaining open since the conflict began.
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United posts 28% lower fourth-quarter profit as expenses rise almost 15%
United Airlines posted a $600 million profit for the fourth quarter of 2023, down almost one-third from last year’s profit in the same period, as expenses such as salaries and maintenance costs rose.
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Spirit and JetBlue appeal court ruling blocking acquisition
JetBlue and Spirit Airlines are appealing the court ruling earlier this week that denied the airlines’ $3.8 billion tie-up.
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Ryanair and Transavia among growing list of airlines making Tel Aviv return
Ryanair and Transavia France are among carriers to have announced in the past few days that they will resume flights to Tel Aviv on 1 February, as more operators reverse the suspension of operations that followed the outbreak of war between Israel and Hamas.
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Spirit working to steady itself after JetBlue deal is blocked
Following a US judge’s decision to block JetBlue Airways’ acquisition of rival low-cost carrier Spirit Airlines, Spirit has told investors that it is moving to shore up its financial position.
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Struggling Mesa Airlines reworks United deal and continues selling CRJ900s
Financially struggling Mesa Air Group has reached new agreements with partner United Airlines and continues selling off spare aircraft and engines as the company risks being de-listed from the US stock market.
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Gol says capital restructuring path still undecided amid Chapter 11 report
Brazilian low-cost carrier Gol has responded to a report linking it to a Chapter 11 filing by stating that it is continuing a review of its capital structure.
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Japan Airlines appoints first female president
Mitsuko Tottori, currently the airline’s customer chief, will be the first female to lead a major Japanese operator.
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Nixed JetBlue-Spirit deal might impact Alaska-Hawaiian transaction
The blocked acquisition of Spirit Airlines by JetBlue Airways could have some bearing on another potential blockbuster deal in the US market: Alaska Airlines’ bid for Hawaiian Airlines.
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US court blocks JetBlue’s acquisition of Spirit
A US district court ruled on 16 January that JetBlue Airways’ proposed $3.8 billion acquisition of rival low-cost carrier Spirit Airlines cannot proceed, blocking the deal on anti-competitive grounds.
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New Lufthansa carrier City Airlines receives first A319
Lufthansa Group’s City Airlines unit has received its first aircraft ahead of it launching services in the upcoming summer season.
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Delta posts profit of $4.6bn for 2023
Delta Air Lines posted a full-year 2023 profit of $4.6 billion on revenue 20% higher year on year, and reports a strong profit for the fourth quarter.
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Delta Air Lines orders 20 A350-1000s
Delta Air Lines has announced an order for 20 Airbus A350-1000s, with options for 20 more of the larger variant.