Strategy – Page 28
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AnalysisChallenges remain despite Air France-KLM's steady post-pandemic progress
While there remain plenty of pressures and potential pitfalls ahead, a doubling of profits in the second quarter underlined the steady progress Air France-KLM is making in its recovery out of the pandemic.
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NewsIAG again flags slower-than-expected recovery in corporate travel
IAG is still experiencing a slower-than-expected recovery in corporate travel from the Covid-19 pandemic, with British Airways seeing demand plateau in the second quarter of this year.
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NewsAir France-KLM in talks with Apollo over €1.5bn loyalty programme financing
Air France-KLM is in talks with private equity firm Apollo Global Management over a possible €1.5 billion ($1.66 billion) financing of its loyalty programme Flying Blue.
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NewsIAG sees quarterly profit top €1bn after record Iberia result
IAG cited a strong performance from its Spanish operations as the British Airways and Iberia owner saw its net profit for the second quarter of 2023 top €1 billion ($1.1 billion).
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NewsBritish Airways to take six more Boeing 787-10s
IAG has firmed an order for six Boeing 787-10 widebodies, while adding six more options for the variant.
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NewsAir France-KLM doubles profit in second quarter
Air France-KLM doubled operating profits in the second quarter to €733 million ($810 million) on revenues up 14% on the same period last year.
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NewsletterWhy some airlines are relieved to be flying older aircraft
A notable dynamic of the current aircraft maintenance and reliability issues being experienced by carriers around the world is that the problems have been more acute among the latest-generation technologies.
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NewsSIA Group profit jumps in first quarter but warns of increasing competition
Singapore Airlines Group improved its first-quarter operating profit on the back of strong travel demand, though it warns that competition “is expected to intensify” in the coming months as international capacity grows.
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NewsBamboo Airways hints at schedule cuts amid ‘resource optimisation’
Bamboo Airways will trim its operating schedule in a bid to “optimise resource allocation” and restructure operations, even as it downplays rumours of its survivability.
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NewsHawaiian posts $12.3m Q2 loss, reports delivery delay of first Boeing 787
Hawaiian Holdings reports losing $12.3 million during the second quarter of 2023 as the company looks to capitalise on rebounding air travel between Hawaii and Japan.
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NewsVolaris turns modest Q2 profit as fuel costs slide
Mexico’s Volaris reports a second-quarter profit of $6 million as its leisure-focused operation benefited from significantly lower fuel costs compared with last year.
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NewsAlaska rides international travel surge to ‘record’ quarterly revenue
Alaska Air Group on 25 July reported a second-quarter profit of $240 million thanks to steady leisure travel and an “unprecedented surge in international demand” during the three months ending in June.
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NewsIberia enters BA and Qatar Airways joint venture
Iberia has become part of the joint venture between by fellow Oneworld carriers British Airways and Qatar Airways, expanding what had already been described by its founders as “the world’s largest airline joint business”.
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NewsFedEx pilots reject tentative contract
The union representing FedEx pilots on 24 July rejected a tentative contract with the logistics giant, setting back negotiations on a five-year deal that would have taken effect next month.
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NewsIATA opposes ban on night flights at Brussels airport
IATA has voiced its opposition to proposals that would see night flights banned at Brussels airport on the grounds of reducing noise, claiming such a move would ignore Belgium’s international obligations.
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NewsFinnair swings to profit in Q2 citing adjustment to Russia airspace closure
Finnair has reiterated its guidance for a stronger-than-expected full-year performance, saying its positive second-quarter results reflect its successful adjustment to the closure of Russian airspace.
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NewsAirAsia X seeks to shed financially distressed status
AirAsia X is seeking to officially exit its status as a financially distressed entity, citing a “more sound and viable financial position” since undertaking a wide-ranging business restructuring.
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NewsJet Airways names new directors, but vacant CEO post looms large
Jet Airways has appointed three directors to its board – including naming a new chief financial officer – but has not disclosed a new airline chief.
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NewsAmerican reports ‘outstanding’ Q2 with $1.3bn profit
American Airlines reported a $1.34 billion second-quarter profit as passenger demand continues to rise and fuel prices fell by more than one-third since last year.
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NewsletterAirline Strategy Awards recipients reflect resurgent industry
The Airline Strategy Awards, which were held in London on the evening of 16 July, came with the global industry at a point where traffic and capacity are about to reach parity with 2019 levels after a painful few years for most carriers.