Strategy – Page 36
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NewsAirAsia Aviation eyes profitable 2023, helped by ‘lessening competition’ and strong demand
AirAsia Aviation Group expects to report a profitable 2023, as travel demand continues to hold strong through the year-end, and as it reaps the benefits of “lessening competition”.
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News‘We’ve done everything required’: Connect Airlines chief blasts US regulators over certification delays
US start-up carrier Connect Airlines is pushing back against aviation regulators for allegedly stifling its ambitions of launching flights between Canada and the USA and decarbonising regional air travel with hydrogen propulsion technology.
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PodcastAirline Business Podcast: Widebody wins in Dubai and air cargo's turbulent descent
In the latest instalment of the Airline Business Podcast – sponsored by Panasonic Avionics – Graham and Lewis discuss the aircraft orders placed at this year’s Dubai air show and what they might mean for capacity growth in the region, particularly when it comes to widebody jets.
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NewsResumption of US-China flights a headwind for Cathay long-haul recovery: HSBC
HSBC warns that the resumption of direct flights between Mainland China and the USA could impact Cathay Pacific’s long-haul traffic, even as the Hong Kong-based carrier rebounds to a strong recovery this year.
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NewsAvianca CEO Neuhauser takes new job as CEO of parent Abra Group
Avianca chief executive Adrian Neuhauser will take the helm of Abra Group, which owns Avianca and Brazil’s Gol, in January, while remaining executive vice-chairman of the Colombian carrier’s board of directors.
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NewsAir Transat and Porter plan closer collaboration through joint venture
Canadian operators Air Transat and Porter Airlines have agreed to coordinate flight schedules and routes under a new joint venture aimed at helping both carriers expand.
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NewsBooking patterns recovering after Middle East impact: EasyJet
EasyJet is reporting a similar upturn after a six-week hit on demand for bookings from the impact of the Israel-Palestine conflict as it saw following Russia’s invasion of Ukraine last year.
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NewsVirgin Atlantic uses 100% SAF flight to highlight need for production ramp-up
Virgin Atlantic has highlighted the pressing need for investment in sustainable aviation fuel (SAF) production, as one of its Boeing 787s took off on what it describes as the world’s first transatlantic widebody flight to be fuelled by 100% SAF.
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NewsEasyJet sees Gaza conflict limiting progress in cutting Q1 losses, but projects positive year ahead
EasyJet says the impact on travel demand from conflict in the Middle East means it does not expect to improve on first-quarter losses covering the three months ending December 2023, but is projecting a “positive outlook” for its full financial year.
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NewsAtlas Air Worldwide appoints Artem Gonopolskiy chief financial officer
Atlas Air Wordwide’s board of directors has named Artem Gonopolskiy as the company’s permanent chief financial officer, after he had filled the role for several months on an interim basis.
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NewsSouth Korea’s T’way eyes fleet growth in 2024 amid swing to profit
T’way Air expects to further grow its fleet in 2024 – including adding more widebodies – as its operations surpass pre-pandemic levels.
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NewsTurkish Airlines unveils AJet brand for low-cost carrier AnadoluJet
Turkish Airlines has today unveiled new branding for to-be-spun-out low-cost carrier AnadoluJet, which will operate under the AJet Air Transportation name from next summer.
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NewsCathay expects first annual profit since 2019 as full recovery nears
Cathay Pacific expects to report a full-year profit – its first since 2019 – as it moves closer to full recovery in its passenger travel business.
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NewsJet2 converts options on 12 more A320neo-family jets as profits run continues
UK leisure carrier Jet2 has converted options on 12 more Airbus A320neo-family jets to take its firm orders for the type to 110.
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NewsClark still gets ‘real buzz’ from leading Emirates after delaying retirement
Long-serving Emirates president Tim Clark still gets a “real buzz” from the ”herculean project” of running the Middle Eastern giant, years after he delayed his retirement.
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News‘Finally out of the woods’: AirAsia X sheds financially distressed status as profits double
AirAsia X has shed its financially distressed status following an appeal, as it improved its third-quarter earnings on the back of strong passenger recovery.
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NewsUS Court approves SAS’ investment agreement with Castlelake consortium
A US court has approved Scandinavian operator SAS’ entry into a formal investment agreement with Castlelake, Air France-KLM, the Danish government and financing company Lind Invest.
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NewsFrontier seeks further foothold in Midwest USA with trio of planned crew bases
Seeking to bolster its presence in the Midwest USA, ultra low-cost carrier Frontier Airlines plans to open crew bases in Chicago, Cleveland and Cincinnati early next year.
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NewsIAG eyes operating margin of 12-15% in medium-term
British Airways and Iberia parent IAG has set itself a medium-term profits target of delivering an operating margin of 12-15%.
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NewsHeathrow ‘actively reviewing’ expansion options under new CEO
London Heathrow airport is reviewing its long-term expansion options, including the possibility of building of a third runway.