Strategy – Page 4
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NewsEtihad lifts full-year profit after jump in passenger business
Gulf carrier Etihad Airways increased operating profits to $394 million in 2023 after revenues climbed 11% driven by a sharp jump in passenger numbers.
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NewsBig three US airlines again delay resumption of further China flights
The three largest US airlines are pushing back until at least late October the resumption of many flights to China that they cut early during the Covid-19 pandemic.
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NewsSwiss names new finance chief and adds operations role to management board
Swiss has named a new chief financial officer and is adding a chief operating officer to its management board.
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NewsJetBlue cancels plan to acquire Spirit, carriers plot standalone plans
JetBlue Airways has called off plans to acquire Spirit Airlines and agreed to pay Spirit a $69 million termination penalty, a move coming after a federal judge in January blocked the carriers’ proposed combination on anti-competitive grounds.
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NewsAirAsia eyes new Southeast Asia unit, as Cambodia launch pushed to mid-2024
AirAsia’s Cambodia unit is expected to commence operations in the middle of the year, half a year later than originally planned, as the airline group mulls launching another carrier in the region.
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NewsSouth Korean LCCs swing to first post-pandemic profit
South Korean low-cost operators Jeju Air and T’way Air swung to their first annual profit since the Covid-19 pandemic, helped by strong demand on Japan and Southeast Asia operations.
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AnalysisMindful of wake-up calls, airline industry looks back on one of its safest years
While the airline industry might have had an inauspicious start to 2024 in safety terms, it can still point to a recent safety record that is both historically impressive and broadly moving in the right direction.
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NewsAirAsia, AirAsia X eye more ‘historic highs’ following profitable 2023
AirAsia and its medium-haul sister unit AirAsia X have a positive outlook for 2024, citing factors such as fleet recovery, lower fuels costs, as well as robust international travel demand.
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AnalysisWill Transavia grow beyond Air France-KLM’s core markets?
When Air France-KLM outlined a record full-year performance for 2023 on 29 February, it was noteworthy that low-cost unit Transavia stood alone in having had a negative impact on the group’s operating profit of €1.7 billion ($1.8 billion).
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NewsAir France-KLM hit by disruption costs in loss-making end to profitable 2023
Air France-KLM made a loss in the fourth quarter of 2023, as costs relating to geopolitical developments in the Middle East and Africa contributed to its swing into the red but only slightly dented a positive full-year performance from the group.
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NewsUnited adds former Walgreens CEO Rosalind Brewer to board
United Airlines has added Rosalind Brewer, former chief executive of retail pharmacy and healthcare company Walgreens Boots Alliance, to its board of directors.
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NewsNew Zealand reauthorises Air NZ-SIA partnership
The New Zealand government has approved an extension of a joint venture alliance between national carrier Air New Zealand and Singapore Airlines.
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NewsAmerican Airlines sides with US DOT in Delta-Aeromexico JV spat
American Airlines has spoken out against Delta Air Lines and Aeromexico’s opposition to a US Department of Transportation (DOT) ruling that would force the two carriers to unwind their seven-year collaboration.
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NewsVolaris reports $8m profit for 2023 as demand rises
Mexican ultra low-cost carrier Volaris reported a full-year profit of $8 million as the company resized operations and capitalised on strong demand.
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NewsAllegiant and Viva Aerobus urge US DOT to resume review of proposed alliance
Las Vegas-based Allegiant Air and Mexico’s VivaAerobus have requested the US Department of Transportation (DOT) reinstate the procedural schedule pertaining to approval of an alliance between the two ultra-low-cost carriers.
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NewsDelta and Aeromexico slam US DOT for ‘arbitrary’ cancellation of joint business
Delta Air Lines and Aeromexico call the US government’s planned termination of their joint cooperation agreement (JCA) “arbitrary, misdirected, discriminatory and ineffectual” in a new filing protesting the move.
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NewsAir Canada caps fares and adds seats to help Lynx passengers
Air Canada will cap fares and add 6,000 seats in “select markets” to assist passengers in the wake Lynx Air’s pending cessation of operations.
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NewsLynx owes Indigo C$124m amid insolvency due to Max grounding and pandemic: court papers
Canadian start-up carrier Lynx Air attributes its descent into insolvency to factors including the grounding of Boeing’s 737 Max, Covid-19 travel restrictions and surging fuel prices.
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NewsLoganair names new chief executive
Scottish regional carrier Loganair has appointed Luke Farajallah as its new chief executive following the recent departure of Jonathan Hinkles.
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NewsCanada’s Chorus turns C$106 million profit in 2023 as all segments remain strong
Canada’s Chorus Aviation said its 2023 profit more than doubled year on year to C$106 million as all three segments of the company posted gains.