Strategy – Page 47
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NewsBuoyant IndiGo reports record quarterly profit and passenger numbers
IndiGo recorded its highest-ever quarterly revenue of Rs172 billion ($2.1 billion) during the April-June period, powering it to a record net profit of Rs31 billion.
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NewsKorean Air reports ‘moderate’ Q2 profit amid declining cargo market
Korean Air boosted its overall revenue in the second quarter of this year but saw its operating profit fall, as the strong recovery of passenger demand was offset by higher costs and a significantly weaker freight market.
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NewsFrontier navigates weather, ATC issues and long-haul competition to Q2 profit
Frontier Airlines on 1 August reports a $71 million second-quarter profit amid competition from international long-haul flights and ongoing operational difficulties.
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NewsJetBlue posts profitable Q2 amid operational struggles, breakup with American
US low-cost carrier JetBlue Airways reports a second-quarter profit of $138 million – compared with a $188 million loss last year – while the carrier struggles operationally and works to unwind its alliance with American Airlines.
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NewsJetBlue’s operational struggles in Northeast contribute to gloomy Q3 revenue outlook
Flight disruptions related to summertime thunderstorms and air traffic control worker shortages at major airports in the Northeast USA have been “much, much worse” than anticipated by JetBlue Airways.
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NewsNordica turns to Knighthood Global for turnaround after revenue falls short
Estonian carrier Nordic Aviation Group has brought in consultancy firm Knighthood Global to carry out a restructuring, in an attempt to turn around losses after supply chain issues hit its revenues amid rising costs.
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PodcastAirline Business Podcast: Summer disruption, airport noise, sustainability and award winners
Graham and Lewis discuss the operational challenges being seen in Europe and North America, as ATC issues and airspace restrictions combine with weather events and other factors.
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NewsJet Airways revival back on track with AOC renewal
India’s Directorate General of Civil Aviation (DGCA) has renewed the air operator certificate of grounded Jet Airways, following months of uncertainty over the airline’s revival.
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NewsAkasa ‘still on track’ for international debut, ‘100 plus’-aircraft order: CEO
Indian low-cost carrier Akasa Air is “still on track” to announce a potential order for at least 100 new aircraft – and announce its first international routes – by the end of the year.
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NewsUS judge dismisses Go First suit against Pratt after arbitrator changes terms
A US judge has tossed out Go First’s lawsuit against Pratt & Whitney (P&W) after a Singapore arbitration body overturned an earlier order.
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NewsIAG again flags slower-than-expected recovery in corporate travel
IAG is still experiencing a slower-than-expected recovery in corporate travel from the Covid-19 pandemic, with British Airways seeing demand plateau in the second quarter of this year.
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NewsAir France-KLM in talks with Apollo over €1.5bn loyalty programme financing
Air France-KLM is in talks with private equity firm Apollo Global Management over a possible €1.5 billion ($1.66 billion) financing of its loyalty programme Flying Blue.
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NewsIAG sees quarterly profit top €1bn after record Iberia result
IAG cited a strong performance from its Spanish operations as the British Airways and Iberia owner saw its net profit for the second quarter of 2023 top €1 billion ($1.1 billion).
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NewsBritish Airways to take six more Boeing 787-10s
IAG has firmed an order for six Boeing 787-10 widebodies, while adding six more options for the variant.
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NewsAir France-KLM doubles profit in second quarter
Air France-KLM doubled operating profits in the second quarter to €733 million ($810 million) on revenues up 14% on the same period last year.
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NewsSIA Group profit jumps in first quarter but warns of increasing competition
Singapore Airlines Group improved its first-quarter operating profit on the back of strong travel demand, though it warns that competition “is expected to intensify” in the coming months as international capacity grows.
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NewsBamboo Airways hints at schedule cuts amid ‘resource optimisation’
Bamboo Airways will trim its operating schedule in a bid to “optimise resource allocation” and restructure operations, even as it downplays rumours of its survivability.
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NewsHawaiian posts $12.3m Q2 loss, reports delivery delay of first Boeing 787
Hawaiian Holdings reports losing $12.3 million during the second quarter of 2023 as the company looks to capitalise on rebounding air travel between Hawaii and Japan.
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NewsVolaris turns modest Q2 profit as fuel costs slide
Mexico’s Volaris reports a second-quarter profit of $6 million as its leisure-focused operation benefited from significantly lower fuel costs compared with last year.
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NewsAlaska rides international travel surge to ‘record’ quarterly revenue
Alaska Air Group on 25 July reported a second-quarter profit of $240 million thanks to steady leisure travel and an “unprecedented surge in international demand” during the three months ending in June.