Strategy – Page 71
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NewsRex to turn profitable by end-June
Australia’s Regional Express expects to report a profit for its current financial year, which ends on 30 June 2023, as its domestic jet operations continue to be profitable.
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NewsRwandAir takes delivery of first freighter
Central African carrier RwandAir has taken delivery of its first dedicated freighter as it seeks to expand its cargo operations.
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NewsJet2 lifts full-year outlook after return to profit in first half
UK leisure carrier Jet2 outstripped pre-crisis profits for the six months ended 30 September, returning to the black on surging demand after markets reopened as Covid restrictions ended.
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NewsLufthansa partner on ITA bid MSC drops out of running
Swiss shipping firm MSC Group, which had been working with Lufthansa on a bid for ITA Aiways, has dropped its interest in taking part in the privatisation of the Italian national carrier.
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NewsIATA chief sees balanced load factors as sign of sustainable recovery
IATA director general Willie Walsh believes load factors in the highly profitable third quarter for airlines illustrate capacity has been well-matched to demand and provides reason for optimism that recent profitability is sustainable even with economic headwinds ahead.
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News‘We are back indeed’: AirAsia X swings to quarterly profit
AirAsia X swung back to profitability in its latest quarterly earnings, helped by strong recovery in passenger traffic amid “significant consumer demand”.
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NewsCanadian ULCC Swoop fined for failing to refund passengers for Covid-19 disruptions
Canadian ultra-low cost carrier Swoop was fined $175,000 in civil penalties by the US Department of Transportation (DOT) for failing to provide timely refunds to passengers who had flights cancelled or significantly delayed due to the Covid-19 pandemic.
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NewsThanksgiving travel surges on busiest day for US airlines
The surge in air travel for Thanksgiving is cresting for US airlines as more than 48,000 flights are scheduled for 22 November, the expected high point for the week, according to the US Federal Aviation Administration.
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NewsVirgin Atlantic attaches new conditions to support for third Heathrow runway
Virgin Atlantic is now attaching conditions to its support for the building of a third runway at London Heathrow airport, having previously been “unequivocal” in its backing of the idea.
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NewsCathay flags ‘substantial’ 2022 loss despite improving environment
Cathay Pacific Group expects to post a “substantial” full-year loss for 2022, despite being cash positive and seeing good recovery progress through the year-end.
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NewsAsiana sees 43% rise in profits as passenger travel returns
Asiana Airlines improved its quarterly profits, amid an upswing in passenger travel following the easing of domestic and international travel restrictions.
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NewsAir Canada invests C$6.75 million in carbon capture technology
Air Canada has invested C$6.75 million ($5.07 million) to support nascent technology that could potentially pull carbon from the atmosphere at an industrial scale.
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NewsAsia airline leaders see glass-half-full despite continued challenges
Given where passenger travel markets stood in Asia-Pacific this time last year, it is perhaps unsurprising that airline leaders from the region are taking a glass half-full approach to the current state of the market.
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NewsCopa third-quarter profit rises to $116 million
Copa Holdings, the parent company of Panama’s Copa Airlines posted stronger third-quarter earnings as passengers returned to air travel in greater numbers.
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NewsFrontier launches ‘all-you-can-fly’ pass for short-notice air travellers
US ultra-low cost carrier Frontier Airlines is offering a flat rate for unlimited flights between its destinations in the USA with a new annual subscription package.
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News‘Lucrative time to be an airline pilot’: Three US regional airlines dangle hefty bonuses
With US regional airlines struggling to fill cockpit seats, Envoy Air, Piedmont Airlines and PSA Airlines are each offering $100,000 signing bonuses to attract qualified pilots.
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NewsUK start-up Hans Airways secures fresh financing in push for AOC
UK start-up Hans Airways has completed a new round of financing which it says satisfies the UK Civil Aviation Authority’s requirements for it to secure an air operator certicate (AOC).
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NewsUnited Airlines Ventures invests in biofuel refinery
United Airlines’ technology venture capital arm, United Airlines Ventures, has invested in a biofuel refinery in Oregon.
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NewsCanada and India agree to unlimited passenger flights between the countries
Canada and India have agreed to an expanded air transportation agreement allowing designated airlines to operate an unlimited number of flights between the two countries.
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NewsUK regulator flags competition concerns over Asiana-Korean Air merger
UK competition regulators have given merging carriers Asiana Airlines and Korean Air until 21 November to submit proposals to address concerns it has raised around the impact of their tie-up on the London-Seoul route.