Strategy – Page 27
-
AnalysisSpohr sees Lufthansa ready to leave operational buffer behind in 2024
Lufthansa will step up productivity and efficiency levels next year after a focus on stabilising operations this summer amid continued industry capacity challenges.
-
NewsSpirit Airlines sees ‘softer’ summer demand; posts Q2 loss
Ultra low-cost carrier Spirit Airlines says summer travel demand was “softer than expected” as travellers chose more long-haul international destinations than domestic ones, while on-time performance suffered under air traffic challenges and instable summer weather.
-
NewsletterUS pent-up demand shifts to long-haul at expense of domestic
A curious consequence of the Covid-19 recovery has become apparent during the current earnings season, as domestic-focused US carriers report a stronger-than-expected shift in pent-up demand towards international, long-haul flying.
-
InterviewHow Flyadeal set early pace in Saudi growth story
While the arrival of new entrants is grabbing headlines this year as part of Saudi Arabia’s ambitious plans to create a new global aviation hub and triple passenger numbers by 2030, growth has been part of the story since day one for Flyadeal and its chief executive Con Korfiatis.
-
NewsWizz Air swings to quarterly profit as ticket revenue soars
Central European budget carrier Wizz Air swung to operating and net profits during the April-June period, on record passenger numbers and high yields.
-
NewsProfitable Lufthansa foresees ‘unabated’ demand across rest of 2023
Lufthansa Group’s adjusted EBIT surged above €1 billion ($1.1 billion) in the second quarter, buoyed by strong demand and high yields amid industry-wide supply constraints.
-
NewsLATAM posts Q2 profit of $145m as it expands its network
Chile’s LATAM Airlines Group posted a $145 million profit for the second quarter, as it strengthened its network and diversified revenue streams.
-
NewsAllegiant posts $89m Q2 profit, reports delayed 737 Max deliveries
Allegiant Travel Company, parent of Allegiant Air, reports making a profit of $88.5 million in the second quarter “in the face of high demand and operational complexity”.
-
NewsIndiGo to launch venture capital arm
IndiGo is seeking regulatory approval for the launch of a venture capital arm.
-
NewsBuoyant IndiGo reports record quarterly profit and passenger numbers
IndiGo recorded its highest-ever quarterly revenue of Rs172 billion ($2.1 billion) during the April-June period, powering it to a record net profit of Rs31 billion.
-
NewsKorean Air reports ‘moderate’ Q2 profit amid declining cargo market
Korean Air boosted its overall revenue in the second quarter of this year but saw its operating profit fall, as the strong recovery of passenger demand was offset by higher costs and a significantly weaker freight market.
-
NewsFrontier navigates weather, ATC issues and long-haul competition to Q2 profit
Frontier Airlines on 1 August reports a $71 million second-quarter profit amid competition from international long-haul flights and ongoing operational difficulties.
-
NewsJetBlue posts profitable Q2 amid operational struggles, breakup with American
US low-cost carrier JetBlue Airways reports a second-quarter profit of $138 million – compared with a $188 million loss last year – while the carrier struggles operationally and works to unwind its alliance with American Airlines.
-
NewsJetBlue’s operational struggles in Northeast contribute to gloomy Q3 revenue outlook
Flight disruptions related to summertime thunderstorms and air traffic control worker shortages at major airports in the Northeast USA have been “much, much worse” than anticipated by JetBlue Airways.
-
NewsNordica turns to Knighthood Global for turnaround after revenue falls short
Estonian carrier Nordic Aviation Group has brought in consultancy firm Knighthood Global to carry out a restructuring, in an attempt to turn around losses after supply chain issues hit its revenues amid rising costs.
-
PodcastAirline Business Podcast: Summer disruption, airport noise, sustainability and award winners
Graham and Lewis discuss the operational challenges being seen in Europe and North America, as ATC issues and airspace restrictions combine with weather events and other factors.
-
AnalysisBritish Airways ‘mid-way through’ business transformation: Doyle
British Airways is halfway through a transformation of the business under the leadership of Sean Doyle, focused on building the brand’s ‘premium’ reputation, improving engagement with employees and increasing the resilience of the technology that underpins operations.
-
NewsJet Airways revival back on track with AOC renewal
India’s Directorate General of Civil Aviation (DGCA) has renewed the air operator certificate of grounded Jet Airways, following months of uncertainty over the airline’s revival.
-
NewsAkasa ‘still on track’ for international debut, ‘100 plus’-aircraft order: CEO
Indian low-cost carrier Akasa Air is “still on track” to announce a potential order for at least 100 new aircraft – and announce its first international routes – by the end of the year.
-
NewsUS judge dismisses Go First suit against Pratt after arbitrator changes terms
A US judge has tossed out Go First’s lawsuit against Pratt & Whitney (P&W) after a Singapore arbitration body overturned an earlier order.