Strategy – Page 36
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NewsAcquisition moves must be within ‘risk profile’: Air France-KLM chief
Air France-KLM chief executive Ben Smith stresses any merger and acquisition moves must not weigh the group down as it seeks to boost its profitability by €2 billion ($2.2 billion) over the next five years.
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NewsSpiceJet flags interest in move for grounded rival Go First
Indian low-cost carrier Spicejet has indicated its interest in bidding for grounded rival operator Go First.
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NewsAustralia's Rex inducts 10th 737
Australia’s Regional Express (Rex) has taken delivery of its 10th Boeing 737-800, as it looks to add at least one more narrowbody by end-June 2024.
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NewsAirAsia X chairman steps down as airline exits financially distressed status
AirAsia X chairman Mahmood Fawzy has stepped down after over a year in the role, following the carrier’s exiting financially distressed status.
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NewsSouthwest hit with $140m penalty for end of 2022 network meltdown
The US Department of Transportation on 18 December issued a $140 million penalty in response to Southwest Airlines’ system-wide operational meltdown that cancelled 16,900 flights and left 2 million passengers stranded during the height of air travel in December 2022.
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NewsAir Transat continues distancing itself from lows of Covid
Transat AT, parent of Canadian carrier Air Transat, squeezed out a profit and generated C$765 million ($570 million) in revenue during its fiscal fourth quarter which ended on 31 October, as the carrier distances itself from the lows of the Covid-19 pandemic.
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NewsAir France-KLM eyes €2bn improvement in operating profit by 2028
Air France-KLM is targeting a €2 billion ($2.2 billion) improvement in operating profitability over the next five years as it today sets out new long-term objectives.
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NewsUS major airlines gear up for busy end-of-year travel period
Major US carriers expect a busy end-of-year holiday travel season and record passenger figures, topping last year as well as November’s Thanksgiving holiday period.
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NewsAlaska Airlines and Porter Airlines create ‘broad partnership’ with interline agreement
Oneworld carrier Alaska Airlines has launched an interline agreement with Canada’s Porter Airlines, which is expanding its reach across North America.
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NewsAir Transat names Jean-Francois Pruneau chief financial officer
Canadian leisure carrier Air Transat has appointed Jean-Francois Pruneau as chief financial officer effective 9 January.
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NewsLoss-making SpiceJet aims to raise $270m through a new share issue
Indian low-cost carrier SpiceJet has outlined plans for a new share issue after almost halving losses for the three months ended 30 September 2023, the second quarter of its financial year.
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NewsIATA raises 2023 profit expectations for airlines to $23bn and sees small rise for 2024
IATA expects the airline industry to post a collective net profit of $23.3 billion for 2023, more than doubling its expectations from six months ago.
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NewsHawaiian and Alaska agree to break-up fees if planned tie-up falls through
Hawaiian Airlines and Alaska Airlines have released more information about their potential merger, including reciprocal break-up fees in the case of non-consummation of the proposed transaction.
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NewsAlaska acquisition of Hawaiian is ‘pro-consumer, pro-competitive’: Minicucci
Alaska Airlines chief executive Ben Minicucci says that the planned acquistion of Hawaiian Airlines will benefit not only the companies, but also employees and consumers, and it was the right opportunity for the Seattle-based company at the right time.
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NewsAlaska Airlines to acquire Hawaiian for $1bn plus debt
Alaska Airlines to acquire Hawaiian Airlines for $1 billion, the companies said on 3 December.
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NewsAir Malta successor carrier set for bookings launch after securing AOC
Planned new national carrier KM Malta Airlines is to set to open for bookings on 4 December after securing its air operator’s certificate.
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NewsVolotea commercial chief Gonzalez takes on newly created general manager role
European low-cost carrier Volotea has appointed chief commercial officer David Gonzalez to the newly created role of general manager, where he will co-ordinate the company’s global commercial, strategic, operational and cost control activities.
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NewsItaly and Lufthansa formally notify Commission over ITA deal
Lufthansa Group and the Italian government have formally notified the European Commission over a deal for the German carrier to take a minority stake in ITA Airways.
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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.