Strategy – Page 27
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NewsVolaris squeezes out $33m first-quarter profit despite capacity cut due to GTF groundings
Mexican ultra-low-cost carrier Volaris has disclosed a first-quarter profit of $33 million – its first since 2019 – as the company kept a sharp eye on costs and despite the hit to capacity caused by the enforced grounding of Pratt & Whitney geared turbofan (GTF)-powered aircraft.
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NewsJetBlue continues C-suite overhaul with Daniel Shurz leading revenue and network planning
US carrier JetBlue Airways continues building a new management team under the helm of recently installed chief executive Joanna Geraghty.
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NewsAir New Zealand cuts profit forecast again, citing stiff competition and weak demand
Air New Zealand trimmed its full-year earnings forecast for a second time, as it flags increased competition on its North American network and softening domestic travel demand.
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NewsAlaska lost $132 million in Q1 amid 737 Max 9 grounding
The financial impact of grounding its 65 Boeing 737 Max 9s in January pushed Alaska Air Group to a $132 million loss in the first quarter of 2024.
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NewsEasyJet narrows first-half losses
UK low-cost carrier EasyJet expects to post a pre-tax headline loss of between £340-360 million ($423-448 million) for the six months ended March 2024.
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NewsConsumers sue to block Alaska’s proposed acquisition of Hawaiian
A group of US consumers have filed a lawsuit in a federal district court to block on anticompetitive grounds Alaska Airlines’ proposed $1.9 billion acquisition of rival West Coast carrier Hawaiian Airlines.
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NewsBreeze turns first full-month profit in March amid shift to all-A220 fleet
Fast-growing US start-up Breeze Airways turned its first full-month operating profit in March, reflecting rapid revenue gains amid quick expansion.
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NewsDelta posts profitable start to the year
Delta Air Lines posted a profit over the opening three months of the year on a non-adjusted basis for the first time since the pandemic.
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NewsCanadian charter carrier Nolinor bumps 737 captain pay by 25-40%
The starting salary for a 737 captain at Nolinor is now C$175,000 ($129,000), with potential increases to a salary beyond C$250,000.
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NewsGovernment launches Pakistan International Airlines privatisation tender
Pakistan has formally launched the tender for a majority stake in its national carrier, seeking expressions of interest from potential bidders by 3 May.
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NewsBoeing pays Alaska Airlines $160m for 737 Max 9 grounding
Boeing paid Alaska Air Group $160 million in the first quarter as compensation for the 737 Max 9 grounding that followed the rapid de-pressurisation of Alaska Airlines flight 1282.
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NewsGaruda reveals domestic focus as it eyes ‘small wins’ following profitable 2023
Garuda Indonesia will focus on its domestic operations – and be “selective” on international expansion – as it continues to grow its fleet this year.
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NewsWestJet Encore pilots threaten strike that could disrupt regional flights
The union representing WestJet Encore pilots has voted to authorise a strike that could potentially disrupt the Canadian regional airline’s passenger flights later this month.
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NewsMalaysian regulator says aircraft shortage ‘pressing issue’ as full recovery looms
The Malaysian Aviation Commission (MAVCOM) has identified aircraft delivery delays as a “pressing issue” for the country’s airline sector, as passenger traffic moves closer to a full post-pandemic recovery this year.
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NewsUnited dangles unpaid time off to pilots amid Boeing delivery delays
With fewer new jets on the way than previously anticipated, United Airlines is offering unpaid time off to its pilots.
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NewsCanada Jetlines exploring ‘benefits and costs’ of trading on US stock exchange
Start-up carrier Canada Jetlines is exploring potential listing on the US stock exchange, executives revealed on 28 March.
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NewsAzul reports higher Q4 earnings as it taps into new markets and keeps costs low
Brazil’s Azul increased fourth quarter revenue and profit in 2023, as it tapped into new markets while keeping costs in check.
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NewsAlaska and Hawaiian enter 90-day timing agreement with DOJ amid antitrust review
Hawaiian Airlines and Alaska Airlines have entered into an agreement regarding the timing of their proposed tie-up as they work to satisfy the US Department of Justice’s requests for documentation.
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NewsGol slips to fourth quarter loss as it works through bankruptcy process
Restructuring Brazilian low-cost carrier Gol swung to a net loss of R1.1 billion ($221 million) in the fourth quarter, the first results it has disclosed since entering bankruptcy protection in January.
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PodcastAirline Business Podcast: Changes at the top of Boeing and Europe’s united front
In the latest episode – sponsored by Panasonic Avionics – Graham and Lewis discuss the impact of the recently announced changes at the top of Boeing, which came after several airlines voiced concerns about aspects of the airframer’s management.