Strategy – Page 72
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NewsPAL parent posts Q3 profits as passenger revenue triples
PAL Holdings was in the black in its third-quarter earnings, retaining its profitable streak amid a three-fold jump in passenger revenue.
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NewsAir Astana to lease three Boeing 787-9s
Air Astana has signed a deal take three Boeing 787-9s through lessor Air Lease as it continues with its fleet-upgrade programme.
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NewsQatar Airways chief defiant as airport expansion opens on eve of World Cup
Qatar Airways chief executive Akbar Al Baker was in a defiant mood as he helped to officially open an expansion of Doha’s Hamad International airport on the eve of the FIFA World Cup in the country.
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NewsAzul’s Q3 revenue up 61% on leisure-travel demand
Demand for leisure travel and a shift in working behaviour pushed Brazilian airline Azul’s third-quarter revenue to a new record, yet the company still lost R1.65 billion ($308 million) in the period.
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NewsAir Arabia reports Q3 revenue ahead of 2019 level as Fly Jinnah begins operations
Air Arabia Group’s third-quarter revenue of Dhs1.61 billion ($436 million) was 12% up on the same period of 2019, as the low-cost group benefited from the recovery in air travel demand. It outlined its July-September earnings on 9 November, days after its latest joint-venture operation, Pakistani carrier Fly Jinnah, commenced ...
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NewsCebu Pacific narrows quarterly loss as revenue jumps five-fold
Cebu Pacific trimmed its operating loss for the third quarter on the back of a significant increase in passenger travel revenue, despite it being a “lean season”.
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NewsAvianca slams Colombian authorities for blocking plan for ‘rescuing’ Viva Air
Avianca has slammed an 8 November decision by Colombia’s civil aviation authority to block its planned tie up with financially struggling low-cost competitor Viva Air.
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NewsLATAM cuts Q3 losses as revenues almost back to pre-pandemic levels
LATAM Airlines Group revenues moved to within 3% of pre-crisis levels in the third quarter as it posted an adjusted operating profit of $63 million for the period.
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NewsColombian regulators reject Avianca-Viva Air tie up
Colombia’s aviation regulator has rejected a tie-up between Avianca and financially strapped low-cost carrier Viva Air.
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NewsIndiGo still cool on hedging despite fuel and currency challenges
IndiGo remains unconvinced that fuel and foreign exchange hedging would be beneficial to the business, despite such costs weighing heavily on its financial performance in its fiscal second quarter.
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NewsPorter expands in Ottawa to service growing fleet
Canadian regional carrier Porter Airlines is expanding with a C$65 million ($48.2 million) facilities upgrade at Ottawa International airport.
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NewsWestJet to use SAF for flights from San Francisco to Calgary
Canadian passenger carrier WestJet has committed to temporarily operating flights from San Francisco to Calgary using sustainable aviation fuel (SAF).
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NewsIndiGo reels from currency impact as Q2 net loss hits Rs15.8 billion
Low-cost carrier IndiGo reported a net loss of Rs15.8 billion ($192 million) for the three month period ending 30 September, as currency losses and fuel costs weighed on the operator’s performance during what is seasonally its weakest quarter.
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NewsSingapore Airlines reports highest-ever group operating profit and revenue for Q2
Singapore Airlines Group recorded its highest-ever operating profit and revenue for its fiscal second quarter, despite passenger capacity and traffic still being significantly down on pre-Covid levels.
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NewsTurkish Airlines reports Q3 net profit of $1.5bn as passenger revenue surges
Turkish Airlines has reported a net profit of $1.5 billion for the third quarter of 2022, as capacity, traffic and yields – as well as costs – surged beyond pre-Covid levels.
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NewsLATAM Airlines Group completes restructuring and exits Chapter 11
LATAM Airlines Group has completed its restructuring and has exited bankruptcy proceedings.
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NewsFrontier Airlines eyes expansion in Dallas
Frontier Airlines plans to open a new crew base at Dallas-Fort Worth International airport in mid-2023 that would employ up to 120 pilots and 220 flight attendants.
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NewsAtlas Air posts $60.1 million Q3 profit with acquisition looming
Third-quarter profits were down year-on-year for Atlas Air Worldwide Holdings, the parent of cargo and passenger carrier Atlas Air, as the airline grappled with “operational disruptions”.
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NewsTAP chief welcomes acquisition interest as carrier reports record Q3 revenue
TAP Air Portugal’s chief executive has welcomed the interest from Air France-KLM – and potentially others – in acquiring a stake in the Star Alliance carrier as it reported its highest-ever third-quarter revenue and forecast a “good” full-year performance.
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NewsAllegiant, hit hard by Hurricane Ian, reports third-quarter loss of $46.5m
Allegiant Travel Company, parent of Allegiant Air, reported a loss of $46.5 million in the third quarter as revenue – and costs – surged significantly.