Strategy – Page 27
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NewsAlaska receives $61m Boeing credit for Max 9 grounding
US carrier Alaska Airlines has received an additional $61 million in credits from Boeing as compensation for the mid-flight blow-out of a door plug on Alaska flight 1282 and subsequent grounding of its 737 Max 9s
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NewsLATAM Airlines Group first-quarter profit reaches $258m
LATAM Airlines Group reported a first-quarter profit of $258 million, a record for the period, profiting of ongoing strong demand during Latin America’s high travel season.
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NewsAeroflot claims lowest first-quarter net loss in five years
Russian flag-carrier Aeroflot has turned in a first-quarter net loss of Rb6.9 billion ($75.3 million), but states that this is its lowest loss for the period in five years. It says the result – under Russian accounting standards – illustrates a “trend of progressive improvement”. Aeroflot says it achieved the ...
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NewsJAL doubles full-year profit amid spike in LCC, international revenue
Japan Airlines’ full-year earnings soared past pre-pandemic levels, as the airline benefited from a surge in inbound travel demand, along with strict cost controls.
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NewsAir Canada lost C$81m in first quarter as costs rose
Air Canada lost C$81 million ($59 million) in the first quarter of 2024 as higher costs related to increased capacity, and less cargo revenue, weighed on the company.
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News‘My final chapter’: AirAsia’s Fernandes hints at retirement following aviation unit consolidation
AirAsia founder Tony Fernandes is likely to step down from the company at the end of his newly-renewed contract, which runs for another five years, calling it his “final chapter”.
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NewsAustralian watchdog proposes to approve Air NZ, Virgin Australia codeshare
The Australian Competition and Consumer Commission (ACCC) is proposing to authorise a unilateral code-sharing agreement between Virgin Australia and Air New Zealand.
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NewsAirAsia Cambodia begins commercial operations
AirAsia Cambodia – the low-cost airline group’s newest unit – has began operations, operating from its Phnom Penh hub to Siem Reap and Sihanoukville.
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NewsAvianca turns first-quarter profit as passenger revenue rises and cargo sags
Colombia’s Avianca reported a $13 million profit in the first quarter, reversing last year’s $12 million loss for the first three months of the year.
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NewsSpohr hopeful of ITA acquisition approval this summer
Lufthansa Group chief executive Carsten Spohr is optimistic it can secure approval for its planned acquisition of Italian carrier ITA Airways this summer amid what he describes as “constructive” talks with European competition regulators.
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NewsSwiss first-quarter profit slips as yields decline and costs rise
Swiss International Air Lines cites lower yields, a weaker cargo business, inflation and higher fuel and personnel costs contributed to lower profit for the first quarter of 2024.
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NewsAir France-KLM reports deeper first-quarter loss after operational disruption
Air France-KLM’s operating loss deepened in the first quarter of 2024, as “exceptional” operational disruptions and falling cargo revenue dented the European airline group’s performance.
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NewsChina Southern swings to Q1 profit as peers languish in the red
China Southern Airlines was the sole carrier among the country’s three largest operators to swing back to black in the first quarter of the year, even though they all saw revenues improve.
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NewsAirAsia divestment gets go-ahead in MYR6.8 billion deal
Malaysia’s Capital A has divested its aviation business in Southeast Asia to associate AirAsia X, in a deal valued at around MYR6.8 billion ($1.4 billion).
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NewsLufthansa reveals first aircraft with long-delayed ‘Allegris’ cabin update
Lufthansa revealed the first aircraft equipped with its new “Allegris” cabin updates on 25 April, more than a year late owing to supply chain and airframer delays.
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NewsNew chief overhauls Loganair network in bid for greater resilience
UK regional carrier Loganair is to cut three routes from its network and reduce frequencies on some others following a review by new chief executive Luke Farajallah aimed at improving its operational resilience.
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NewsAirAsia appoints founder Fernandes as group advisor
AirAsia Aviation Group has appointed its co-founder and former chief executive Tony Fernandes as advisor and steward, as the deadline for merger negotiations with associate unit AirAsia X draws close.
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NewsHawaiian lost $138m in Q1 as costs surged
Hawaiian Holdings, parent of Hawaiian Airlines, lost $138 million in the first quarter of 2024, though the company’s chief executive says incoming Boeing 787s and a new freighter operation are putting Hawaiian on track toward profitability.
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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.