Strategy – Page 87
-
NewsLATAM sees ‘substantial improvement’ in quarterly results
LATAM Airlines Group reports “substantial improvement” in earnings during the first quarter of 2022, though market conditions remained challenging for the Chilean flag carrier.
-
NewsHawaiian invests in Regent seagliders
Hawaiian Airlines has made a strategic investment in all-electric seaglider developer Regent, viewing the company’s in-development craft as having potential to operate inter-island routes.
-
NewsAvianca and Gol join to form holding company
Latin American carriers Avianca and Gol have agreed to join operations under a UK-based holding company while maintaining individual brands, a move intended to create long-term stability in the post-coronavirus environment.
-
NewsFrankfurt airport operator sees full year profits after improved first quarter
Frankfurt airport operator Fraport expects a group net profit for the full year as it sees passengers at the German hub reaching up to 65% of pre-crisis levels in 2022 and “dynamic” growth across its wider airport portfolio.
-
NewsTaiwanese carriers swing to Q1 profits
Taiwan’s two major carriers rebounded to the black for the first quarter of 2022, as revenue growth outpaced rising operating costs.
-
NewsMesa fiscal second quarter ‘very disappointing’
Mesa Airlines, which flies regional jets for United Airlines, American Airlines as well as Boeing 737 freighters for DHL, continues to suffer under pilot attrition, leading it to post a loss for the second quarter of fiscal 2022.
-
NewsCorporate travel, cargo drives Azul’s earnings higher
Brazil’s Azul reported sharply higher revenue during the first quarter of 2022 as corporate travel increases and the company’s logistics business thrives.
-
NewsEVA Air orders additional 777F amid strong cargo demand
EVA Air has ordered one Boeing 777 freighter, as the airline eyes opportunities in a buoyant cargo market.
-
NewsIAG hopeful of clearance to take 20% of Air Europa in next six months
IAG chief executive Luis Gallego is hopeful the group will be cleared to take a 20% stake in Air Europa within the next six months as it continues efforts to finalise its on-off deal for the Spanish carrier.
-
NewsIAG sees profits from second quarter onwards on summer ramp-up
European airline group IAG expects to be profitable from the second quarter and for the year as a whole on sharply ramped-up operations, after cutting operating losses before exceptionals by a third to €754 million ($797 million). The British Airways and Iberia parent reported a more than trebling of revenues ...
-
NewsSun Country reports profit as scheduled service demand soars
Sun Country Airlines has reported a first-quarter profit as customer demand in its scheduled service segment grew quickly following an Omicron-driven dip early in the year.
-
NewsAtlas’ long-term dedicated-freighter contracts drives higher earnings
Atlas Air Worldwide Holdings, the parent of Atlas Air, says long-term contracts for dedicated freighter capacity are fueling growth and profits, and driving fleet expansion.
-
NewsSpirit cites anti-trust ‘red flags’ in rejecting JetBlue bid
A myriad of anti-trust issues convinced Spirit Airlines’ board to reject JetBlue Airways’ offer to acquire it, and to pursue the original proposal from Frontier Airlines.
-
NewsSwiss aims for breakeven as it outperforms Lufthansa Group partners
Swiss saw the biggest first-quarter operating result improvement of all Lufthansa Group carriers and is targeting breakeven this year, as it rides a wave of strong demand after a challenging couple of years.
-
NewsLufthansa reminds of A380 option amid strong demand and Boeing delays
Pent-up demand for air travel is “enormous” but the aviation industry faces a “major operational challenge” this summer as rising passenger numbers coincide with staff shortages at airports and other stakeholders, Lufthansa Group chief executive Carsten Spohr has warned.
-
NewsLufthansa Group looks to strong summer demand as fuel costs bite
Lufthansa Group’s overall results improved in the first quarter, although rising fuel costs held back the recovery of its passenger airline business during the first three months of the year.
-
NewsAir France-KLM projects summer profit after cutting first quarter loss
Air France-KLM Group expects to break even at the operating level in the second quarter and to be “significantly positive” in the third after reporting strong recovery signs in the first three months of the year despite the impact of Omicron and the Ukraine crisis.
-
NewsSpirit Airlines doubles revenue in Q1, saw ‘dramatic improvement’
Spirit Airlines doubled sales in the first quarter as demand trends showed a “dramatic improvement” in the later part of the period.
-
NewsAllegiant experiences ‘busiest and best Spring ever’
Allegiant Travel Company, the parent of Allegiant Air, expects “substantial opportunities” to propel its earnings during 2022 as it experienced the “busiest and best Spring ever”.
-
NewsPent-up demand for air travel ‘finally being realised’ but IATA warns on airport delays
Demand for air travel continued its recovery in March this year, according to IATA, despite the war in Ukraine and China’s restrictive Covid-19 policies.