Strategy – Page 32
-
NewsVolotea plans to grow fleet and network after ‘historic margins’ in 2023
Spanish carrier Volotea is aiming to add three or four aircraft to its fleet in 2024 as it looks to continue on a growth trajectory that has powered it significantly beyond its pre-Covid offering.
-
NewsFull-year data puts airlines on track to exceed pre-Covid traffic in 2024
Global airline passenger traffic was at 94.1% of 2019 levels in 2023, according to annual data from IATA, as an improving trend through most of the year put the industry within touching distance of pre-Covid demand.
-
NewsAir Serbia resumes codeshare with former stakeholder Etihad
Air Serbia and Etihad Airways have announced the restoration of a codeshare partnership, two months after the latter ended its equity involvement in the Belgrade-based carrier.
-
NewsStrong international travel demand propels ANA parent to record nine-month profit
ANA Holdings significantly improved its nine-month profits despite ongoing geopolitical uncertainty, as international travel demand continued to grow sharply.
-
NewsBonza touts ‘big plans’ for fleet, network in 2024
Australian start-up Bonza is looking to expand its fleet and network – including launching a fourth operating base – as it marks its first year of operations.
-
News‘Still struggling’: China’s ‘Big Three’ to report fourth year of losses amid sluggish recovery
China’s three largest airlines are forecast to remain loss-making for the fourth consecutive year, despite the removal of most of the country’s ‘zero-Covid’ restrictions.
-
NewsGlobalX plans to launch Colombian cargo carrier
US charter and cargo carrier GlobalX Airlines plans to expand its reach in Latin America with a new freighter operation called GlobalX Colombia.
-
NewsJetBlue appoints Warren Christie as new chief operating officer
US carrier JetBlue Airways plans to replace chief operating officer Joanna Geraghty with long-time executive Warren Christie when Geraghty assumes leadership of the company on 12 February.
-
NewsUS court grants Gol ‘key approvals’ to access financing
A US court granted Brazilian low-cost airline Gol “key approvals” to tap a $950 million debtor-in-possession (DIP) financing committed by bondholders of its parent ABRA, giving the airline “immediate access” to the funds.
-
NewsUS government tentatively declines Aeromexico-Delta joint venture
The US Department of Transportation (DOT) has tentatively ordered Delta Air Lines and Aeromexico to unwind the joint venture that the two carriers have been pursuing since December 2016.
-
NewsANA delays Nippon Cargo takeover again
All Nippon Airways parent ANA Holdings has postponed its takeover of Nippon Cargo Airlines for a second time, saying that anti-trust authorities need more time to review the deal.
-
NewsUS regional carrier Silver Airways expands reach through codeshare with Brazil’s Azul
US regional carrier Silver Airways has entered a codeshare agreement with Brazil’s Azul, through which the carriers will sell each other’s flights as their own.
-
NewsMesa seeks to dodge de-listing from stock exchange with late fiscal Q4 filing
Mesa Air Group on 26 January filed its fiscal fourth-quarter earnings report, potentially helping it avoid being de-listed from the US Nasdaq stock exchange.
-
NewsBrazil’s Gol files for Chapter 11 bankruptcy protection in US court
Brazilian low-cost carrier Gol has filed for Chapter 11 bankruptcy protection in the USA so it can “address ongoing challenges” posed by the Covid-19 pandemic.
-
NewsAlaska’s 2024 growth plan takes hit from 737 Max 9 troubles
Alaska Air Group has trimmed its 2024 capacity expectations and expects to take a $150 million hit this year due to the 737 Max 9 door-plug issue, which Alaska’s chief executive has now squarely pinned on Boeing.
-
NewsAmerican upbeat on short-haul business after posting $822m 2023 profit
American Airlines posted an improved full-year 2023 profit of $822 million on record revenue.
-
NewsRoyal Jordanian receives first two E195-E2s
Royal Jordanian has taken delivery of its first two Embraer 195-E2 aircraft from a commitment for eight of the regional jet family.
-
NewsWizz Air swings to loss in ‘tricky’ final quarter of 2023
European budget carrier Wizz Air swung to a net loss in the October-December 2023 quarter, as geopolitical and supply chain challenges weighed on its financial performance.
-
NewsEasyJet loses more than £40m to Middle East war but confident on summer
EasyJet reports bookings and yields for its key summer season are trending higher year on year, after its losses during the October-December quarter were exacerbated by the Israel-Hamas war.
-
NewsNorwegian expects full-year profit to beat forecast
Scandinavian carrier Norwegian expects to exceed the range it had forecast for its full-year operating profit, partly thanks to stronger-than-expected travel demand in November and December.