Strategy – Page 44
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NewsUS carriers adjust Q3 expectations due to surging fuel costs and extreme weather
US airlines are adjusting their third-quarter financial expectations in response to higher-than-anticipated fuel costs and extreme weather events that have disrupted operations throughout North America.
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NewsHawaiian revises Q3 earnings expectations down due to engine issues and Maui wildfire
Hawaiian Airlines has adjusted its third-quarter earnings expectations down following issues with its Pratt & Whitney engines and a devastating wildfire on the island of Maui that reversed the carrier’s third-quarter earnings trends.
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NewsUnited briefly grounds departures nationwide due to ‘technology issue’
A “technology issue” halted the departure of all United Airlines flights nationwide on the last day of the traditionally busy Labour Day holiday long weekend, and the end of the northern hemisphere’s summer travel season.
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NewsLufthansa plots growth for rebranded leisure unit Discover Airlines
Lufthansa Group has dropped the Eurowings name from its newest leisure unit as part of a rebranding which will support Discover Airlines’ growth with six more aircraft over the coming year and expansion at Munich airport.
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PodcastAirline Business Podcast: Strong financials, market ‘normalisation’ and start-up stories
Graham and Lewis look back on another strong set of quarterly results from the global airline industry, while considering whether the coming months will see ‘normalisation’ in more markets.
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NewsJet2 appoints chair to succeed Meeson
UK leisure carrier Jet2 has named existing director Robin Terrell as non-executive chairman, as long-standing leader Phillip Meeson steps down after four decades with the airline.
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NewsChina’s ‘Big Three’ on track for profits in Q3 amid ‘positive’ international recovery: HSBC report
China’s three largest carriers could all turn profitable in the second half of the year on the back of improving revenue and passenger travel demand, according to a HSBC Global Research report.
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NewsQantas CEO Joyce announces early exit amid string of controversies
Qantas chief Alan Joyce will step down from the airline effective immediately – two months earlier than planned – amid mounting public anger over a string of controversies in recent weeks.
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NewsAllegiant decries DOT decision as favouring ‘oligopolistic’ carriers over discounters
Allegiant Air is railing against the US government’s decision to suspend review of the airline’s proposed joint venture with Mexican ultra-low-cost carrier (ULCC) Viva Aerobus.
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NewsBermudair delays service start due to Hurricane Franklin
Bermudair has delayed its inaugural flights to the USA due to severe weather and now plans to launch 1 September.
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NewsMonarch revival in doubt as funding runs out
An effort to revive UK leisure carrier Monarch Airlines has stalled, barely two weeks since its relaunch was announced.
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NewsRevenue jump helps privatisation target TAP swing to first-half profit
Privatisation target TAP Air Portugal turned a net profit of €22.9 million ($24.9 million) in the first half of the year, a marked improvement on losses at the same stage of 2022.
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NewsRex says pandemic’s ‘legacy effects’ to blame for full-year losses
Australia’s Regional Express (Rex) remained in the red in its full-year earnings, as it laid the blame on the “legacy effects” of the Covid-19.
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News‘Confident’ AirAsia Aviation targets network recovery by year-end amid Q2 profits
AirAsia Aviation Group targets to fully recover its network by the end of this year on the back of strong leisure travel demand, which it expects to peak in the coming months.
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NewsUnion accuses Air Canada, Jazz of not honouring ‘pilot flow’ agreements
The union representing Jazz Aviation pilots has accused the Canadian regional airline – along with mainline partner Air Canada – of engaging in unfair labour practices during recent contract negotiations.
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NewsJetBlue seeks ‘serious sanctions’ following redaction error in Spirit-merger lawsuit
JetBlue Airways continues fiercely pushing back against claims that it intends to hike prices by up to 40% on Spirit Airlines’ aircraft after its proposed acquisition of the rival carrier is finalised.
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NewsAirAsia X marks a year of profitability, eyes China’s ‘massive potential’
AirAsia X expects a three-fold jump in flights to China by the end of the year, amid optimism of the market’s “massive potential”, and as the carrier posts its fourth consecutive quarterly profit.
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NewsUS DOT fines American Airlines $4.1m for tarmac delay violations
The US Department of Transportation (DOT) has fined American Airlines $4.1 million for violations associated with lengthy tarmac delays, the largest civil fine ever issued for these kinds of transgressions.
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NewsJetBlue pushes back on reports that it plans to hike fares 40% after acquiring Spirit
JetBlue Airways is pushing back on media reports that it plans to raise fares after completing its proposed $3.8 billion acquisition of Spirit Airlines.
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NewsCourt filing reveals JetBlue plan to hike fares after acquiring Spirit: report
A failure to properly redact sections of court documents has seemingly revealed JetBlue Airways’ plans to hike fares as high as 40% on Spirit Airlines aircraft following its proposed acquisition of the ultra-low-cost carrier.