Strategy – Page 5
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NewsJapanese majors’ first-quarter profit down as rising costs bite
Japan’s two largest carriers reported a drop in profit for the April-June quarter, despite seeing an increase in revenues.
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NewsUS DOJ extends Alaska-Hawaiian antitrust review
The US Department of Justice (DOJ) is taking another 10 days to review Alaska Air Group’s proposed acquisition of Hawaiian Holdings, with the airlines now agreeing not to close their planned deal before the period ends on 15 August.
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NewsAir NZ drops 2030 climate targets, raising questions about Dash 8-300 replacement
Air New Zealand has axed its interim climate targets, stating that measures needed to meet the target were unaffordable and not readily available.
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NewsSouthwest to end 50 years of ‘open’ seating as it overhauls product
Southwest Airlines will end its signature “open” seating model and offer premium seating options as it seeks new revenue sources to address concerns around the business’s performance.
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NewsAirbus confirms Berniq Airways order for A320neo-family jets
Berniq Airways has placed a firm order for six A320neo-family aircraft, Airbus confirmed during Farnborough air show on 23 July.
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NewsTurkish Airlines details roll-out of in-house business-class suites
Turkish Airlines aims to begin rolling out its new business-class suites next year on 777s
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NewsEveryone benefits from Air India no longer being ‘monster in middle’: CEO
Air India chief executive Campbell Wilson insists that the privatisation of the flag carrier means the country’s airlines are better positioned to take advantage of the huge growth potential in India
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NewsVolaris posts $10m second-quarter profit on 17% lower capacity
Mexican ultra-low-cost carrier Volaris earned $10 million in the second quarter of the year, up from $6 million last year, as the company mitigates the effects of the Pratt & Whitney engine inspection recall.
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NewsCebu Pacific eyes ‘attractive markets’ as AirSWIFT talks continue
Cebu Pacific believes that an acquisition of compatriot AirSWIFT would give it access to “very attractive markets” as discussions over a deal continue.
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NewsCebu Pacific selling its two ATR freighters
Cebu Pacific is selling its two ATR freighters as its shifts back to an all-passenger fleet while continuing to serve the cargo market using belly capacity.
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NewsTurkish Airlines close to Boeing order but no Farnborough announcement
Turkish Airlines is close to placing its highly telegraphed order for Boeing aircraft but is not expecting to announce anything at this year’s Farnborough air show.
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NewsAirline chiefs insist SAF feedstock conundrum is solvable
The chief executives of three airlines from around the world have pushed back against suggestions that there will be insufficient raw material to feed the required ramp-up in the production of SAF.
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NewsAirline leaders expect supply-chain challenges to persist for years
Global airline leaders are bracing for supply-chain challenges to last for at least another two years, as manufacturers struggle to meet demand from a growing industry.
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NewsAir Canada lowers full-year earnings expectations as competitive pressures mount
Air Canada has cut its full-year earnings expectations as yields and load factors are anticipated to be lower than expected, and international markets experience what the airline calls ”competitive pressures”.
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NewsUS airlines get thousands of flights airborne as cancellations exceed 1,000 following IT outage
US airlines are working to get their operations back into gear after a global computer outage forced some carriers to halt all departures overnight.
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NewsFinnair reports ‘normalisation’ of demand as quarterly profits drop
Finnair saw post-Covid pent-up demand largely dissipate during the second quarter of this year, hurting its profitability as unit revenues declined.
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NewsAlaska to add premium seats across 737 fleet
Seeking a greater slice of the lucrative premium market, Alaska Airlines plans to add more than 1,000 first and premium-economy seats across about 220 aircraft in its fleet.
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NewsAllegiant president Anderson to succeed Gallagher as CEO in September
Longtime Allegiant Travel Group chief executive Maurice Gallagher will step down on 1 September and be succeeded as CEO by company president Gregory Anderson.
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NewsIcelandair sees second-quarter profit fall as seismic activity hits demand
Icelandair Group eked out a small profit during the second quarter as it shifted more of its network towards lower-yielding transatlantic connections amid the impact of seismic activity on demand for travel to Iceland.
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NewsAlaska avoids US airline industry’s second-quarter stumbles
With much of the US airline industry seeking but not finding profitability, Alaska Air Group reports a second-quarter profit of $220 million as the carrier’s premium offerings set it apart from struggling discounters.