Strategy – Page 33
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NewsBen Gurion airport traffic hit hard by Israel-Hamas war
The latest traffic data for Ben Gurion International airport reflects the significant impact of the Israel-Hamas war on airline connectivity at Tel Aviv, despite the airport remaining open since the conflict began.
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NewsUnited posts 28% lower fourth-quarter profit as expenses rise almost 15%
United Airlines posted a $600 million profit for the fourth quarter of 2023, down almost one-third from last year’s profit in the same period, as expenses such as salaries and maintenance costs rose.
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NewsSpirit and JetBlue appeal court ruling blocking acquisition
JetBlue and Spirit Airlines are appealing the court ruling earlier this week that denied the airlines’ $3.8 billion tie-up.
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NewsRyanair and Transavia among growing list of airlines making Tel Aviv return
Ryanair and Transavia France are among carriers to have announced in the past few days that they will resume flights to Tel Aviv on 1 February, as more operators reverse the suspension of operations that followed the outbreak of war between Israel and Hamas.
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NewsSpirit working to steady itself after JetBlue deal is blocked
Following a US judge’s decision to block JetBlue Airways’ acquisition of rival low-cost carrier Spirit Airlines, Spirit has told investors that it is moving to shore up its financial position.
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NewsStruggling Mesa Airlines reworks United deal and continues selling CRJ900s
Financially struggling Mesa Air Group has reached new agreements with partner United Airlines and continues selling off spare aircraft and engines as the company risks being de-listed from the US stock market.
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NewsGol says capital restructuring path still undecided amid Chapter 11 report
Brazilian low-cost carrier Gol has responded to a report linking it to a Chapter 11 filing by stating that it is continuing a review of its capital structure.
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NewsJapan Airlines appoints first female president
Mitsuko Tottori, currently the airline’s customer chief, will be the first female to lead a major Japanese operator.
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NewsNixed JetBlue-Spirit deal might impact Alaska-Hawaiian transaction
The blocked acquisition of Spirit Airlines by JetBlue Airways could have some bearing on another potential blockbuster deal in the US market: Alaska Airlines’ bid for Hawaiian Airlines.
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NewsUS court blocks JetBlue’s acquisition of Spirit
A US district court ruled on 16 January that JetBlue Airways’ proposed $3.8 billion acquisition of rival low-cost carrier Spirit Airlines cannot proceed, blocking the deal on anti-competitive grounds.
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NewsNew Lufthansa carrier City Airlines receives first A319
Lufthansa Group’s City Airlines unit has received its first aircraft ahead of it launching services in the upcoming summer season.
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NewsDelta posts profit of $4.6bn for 2023
Delta Air Lines posted a full-year 2023 profit of $4.6 billion on revenue 20% higher year on year, and reports a strong profit for the fourth quarter.
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NewsDelta Air Lines orders 20 A350-1000s
Delta Air Lines has announced an order for 20 Airbus A350-1000s, with options for 20 more of the larger variant.
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NewsVolaris expects to cut capacity by up to 18% in 2024 as GTF impact hits
Mexican low-cost carrier Volaris expects reduce its full-year capacity in terms of available seat miles (ASM) by between 16-18% in 2024 as it contends with increased inspections of some of the Pratt & Whitney PW1100G geared turbofans (GTFs) powering its Airbus A320neo-family jets.
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NewsAir Astana set for IPO this year as it plans London and Kazakhstan listing
Kazakh carrier Air Astana has outlined its intention to list on the London and Kazakhstan stock exchanges this year.
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NewsTus Airways announces new strategic investor
Cypriot carrier Tus Airways has announced that Israeli firm Holiday Lines Group has signed an agreement to take a significant stake in the business.
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NewsAir Baltic prepares for IPO amid reports linking Estonia and Lithuania with stakes
Latvian carrier Air Baltic is continuing to prepare for its long-discussed IPO amid fresh reports linking the Lithuanian and Estonian governments with stakes in the state-owned operator.
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NewsPost-merger AirAsia targets return of Europe operations by year-end
A newly-merged AirAsia Aviation expects to relaunch flights to Europe by the end of this year, and is looking to expand its network to Africa, North and South America in the longer term.
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NewsMesa Airlines at risk of de-listing from US stock exchange
Mesa Air Group recently received notice it is at risk of being de-listed from the US stock exchange due to continued delays in reporting its fiscal fourth-quarter results.
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NewsGlobal airline passenger traffic reached 99% of 2019 levels in November
Global passenger traffic was within 1 percentage point of 2019 levels in November last year, according to the latest data from IATA, as it closes on the pre-Covid peak.