Strategy – Page 25
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NewsAirAsia X flags ‘softer’ mid-year demand, amid sharp decline in Q1 net profit
AirAsia X reported a 75% drop in its quarterly net profit, despite higher revenue, as it flags a “softer” travel period through September.
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NewsGol submits five-year financing plan as part of restructuring
Brazilian airline Gol has submitted a five-year financial plan to a US court as part of its bankruptcy proceedings that calls for refinancing $2 billion in debt, an equity raise, and new deals with aircraft lessors.
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PodcastAirline Business Podcast: First-quarter challenges but brighter summer to come
In the latest episode – sponsored by Panasonic Avionics – Graham and Lewis look back on a first-quarter earnings season that saw a variety of challenges around the world, but also positivity on what will follow in 2024.
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NewsBrazil’s Gol and Azul strike codeshare deal for domestic routes
Brazilian carriers Gol and Azul have agreed to connect their networks through a codeshare partnership for domestic flights.
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NewsProfitable IndiGo to launch business-class product
Low-cost carrier IndiGo will launch a business-class product on some of its flights by the end of this year, in the latest diversification step from the expansion-minded Indian airline.
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NewsAustralian competition watchdog bemoans Bonza collapse
Australia’s antitrust regulator has warned of “detrimental” effects to the domestic airline sector if Bonza – the start-up which collapsed in late April – is unable to resume services.
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NewsWestJet’s integration of Sunwing delayed at least six months
Canadian airline company WestJet Group faces a delay of at least six months in completing its integration of Sunwing Airlines’ small fleet of Boeing 737s.
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News‘New Frontier’: US discounter eliminates change fees and ‘gimmicks’
Amid a broad shift in network strategy, US discounter Frontier Airlines is embracing changes to its product offerings by introducing “transparent pricing” and eliminating most change and cancellation fees.
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NewsGaruda, SIA eye revenue sharing arrangement as partnership deepens
Garuda Indonesia and Singapore Airlines have deepened their commercial cooperation, with the signing of new agreements covering frequent flyer programmes, and a potential revenue sharing arrangement.
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NewsEasyJet chief takes heart from close rejection by pilots of pay deal
EasyJet chief executive Johan Lundgren struck a hopeful note after pilots represented by UK cockpit union BALPA rejected a new pay deal, pointing to the closeness of the vote.
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NewsSIA Group posts record annual profit as North Asia traffic rebounds
A strong rebound in travel demand to North Asia helped Singapore Airlines Group achieve record full-year profits, even as the airline group flags an easing of passenger yields in Asia-Pacific.
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NewsEVA Air orders four more 787-10s
EVA Air has disclosed an agreement for four Boeing 787-10s, boosting its widebody orderbook.
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NewsGrupo Aeromexico seeks listing on US stock exchange
Grupo Aeromexico has filed to make an initial public offering, completion of which would see the parent company of Aeromexico traded on the New York Stock Exchange.
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News‘Not our DNA’: Cebu Pacific rules out long-haul foray
Cebu Pacific chief Mike Szucs has ruled out venturing into long-haul operations, despite acknowledging that the “best fare growth” has been seen on these routes in the post-pandemic operating environment.
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NewsGol and Avianca owner Abra to invest in Spanish charter carrier Wamos Air
Abra intends to invest in Wamos Air under a deal both companies say will enable expension, though details remain unavailable
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NewsThai Airways to exit restructuring in 2024 as first-quarter profit shrinks
Thai Airways International expects to wrap up its restructuring this year, capping off close to four years of business rehabilitation following the Covid-19 pandemic.
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NewsCebu Pacific doubles first-quarter profit
Cebu Pacific saw its first-quarter profit double as a jump in revenue – driven by strong passenger travel demand – outpaced an increase in costs.
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NewsAlaska and Hawaiian agree not to consummate deal for 90-day period
Alaska Airlines cannot close its acquisition of rival US carrier Hawaiian Airlines until 5 August under an agreement with the US Department of Justice. During a 90-day waiting period that began on 7 May and will end on 5 August, the West Coast carriers cannot complete their proposed $1.9 ...
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NewsKorean Air to focus on ‘route profitability’ as capacity nears full recovery
Korean Air will prioritise “route profitability” in light of intensifying global competition, as it saw first-quarter profits improve on the back of strong passenger and cargo demand.
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NewsBonza unlikely to see return of seized fleet, as grounding drags on
Bonza is unlikely to get its fleet of seized Boeing 737 Max 8 jets back from lessor AIP Capital, adding to the embattled low-cost carrier’s woes as its suspension of operations is extended for another week.