Strategy – Page 69
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NewsWinter weather in USA prompts thousands of flight cancellations just in time for Christmas
The winter weather hitting the Midwest and Northeast USA continued disrupting the plans of holiday travellers on 22 December, forecast by the US Federal Aviation Administration to be the busiest during the holiday period.
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NewsCapital A secures six-month extension to file ‘regularisation’ plan
AirAsia parent Capital A has been given until July to submit its “regularisation plan” after securing a six-month extension from the Malyasian stock exchange.
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NewsMesa Airlines splits with American, strikes deal with United
Mesa Air Group, parent of regional carrier Mesa Airlines, disclosed 19 December plans to end its 30-year partnership with American Airlines in favour of a new, five-year agreement with United Airlines that is still to be finalised.
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PodcastAirline Business Podcast: IATA profit hopes, Heathrow, Virgin, A380, United order and Air India
Graham and Lewis discuss IATA’s recent financial forecast for 2023, while also delving into tension over charges at Heathrow, Virgin Atlantic’s strategy, the surprise return of more A380s, and United Airlines’ bumper Boeing order
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NewsOn ‘road to recovery’, Canada’s Air Transat loses C$126 million in fiscal Q4
Transat AT, the parent company of Canadian leisure airline Air Transat, gained ground financially but still posted an loss of C$126 million ($92.2 million) in the company’s fiscal fourth quarter.
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NewsMango sale moves step closer after SAA drops bidder concerns
Administrators of grounded budget carrier Mango Airlines believe the sale of the airline has moved a step forward after existing owner South African Airways dropped its concerns about a planned transaction.
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NewsDelta targets nearly $46bn in 2022 revenue, predicts sustained growth
Delta Air Lines says it expects to reach $45.5-45.6 billion in revenue in 2022, almost as much as it earned in 2019, and raise that figure by 15-20% in 2023 as the carrier predicts a strong and long-lasting post-Covid-19 recovery.
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NewsAmerican names May to succeed Kerr as chief financial officer
Long-standing American Airlines chief financial officer Derek Kerr is to step down from 1 January and will be succeeded in the role by Devon May.
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NewsStrong end to 2022 prompts Lufthansa Group to raise full-year profit forecast
Lufthansa Group has raised its full-year operating profit forecast to around €1.5 billion ($1.6 billion), as the final months of 2022 exceed expectations.
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NewsViolent protests halt airport operations in Arequipa
Violent protesters have overrun the airport in Arequipa, Peru, causing the airport’s operator to close the terminal and airlines to cancel flights.
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NewsFinnair extends repayment of €600m loan amid business restructuring
Finnair has extended the period over which it will repay a largely state-guaranteed loan, as it seeks to shore-up its financial position amid the impact of its exclusion from Russian airspace.
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NewsAirAsia Cambodia to be country’s largest carrier: Capital A
Malaysia’s Capital A has outlined the rationale and vision for its new Southeast Asian joint venture carrier, AirAsia Cambodia.
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NewsJetBlue CEO Robin Hayes gets two-year contract extension
JetBlue Airways chief executive Robin Hayes has received a two-year extension on his employment contract, the airline disclosed in a 9 December filing with the US Securities and Exchange Commission (SEC).
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NewsSpirit Airlines pilots get 27% raise in new ALPA-negotiated contract
Spirit Airlines pilots won a 27% pay raise on 9 December in a tentative new deal reached between union Air Line Pilots Association, International (ALPA) and the airline.
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NewsAmerican and JetBlue expand alliance amid looming antitrust decision
American Airlines and JetBlue Airways are expanding their operating partnership with 11 new routes from Boston and New York as a pending decision in a federal antitrust trial challenging their so-called Northeast Alliance (NEA) looms.
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NewsEU ETS reforms upset Ryanair but draw mixed reaction from airline bodies
A provisional agreement on reform of the European Union’s Emissions Trading Systems with regards to aviation has prompted a mixed reaction from airlines.
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NewsVirgin Atlantic livid as UK regulator details interim Heathrow price cap
The UK Civil Aviation Authority has published proposals for an interim price cap on passenger charges at Heathrow airport for 2023, prompting a predictable backlash from airlines including Virgin Atlantic.
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News‘Small community air service will be a thing of the past,’ RAA warns policymakers
Warning of a potential collapse of air service to smaller cities and rural areas, the Regional Airline Association calls on US lawmakers to intervene amid “declining connectivity for American communities”.
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NewsSaudia continues seeking new US cargo flights amid government negotiations
Jeddah-based Saudia’s lengthy effort to launch more cargo flights to the USA faces more delays amid apparent broader air-rights discussions between US and Saudi officials.
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NewsMadagascar Airlines to lease three Embraer E190-E2 jets
Madagascar Airlines is to take three Embraer E190-E2 jets from lessor Azorra, an executive from the airframer said on 7 December.