Strategy – Page 9
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NewsNorwegian expects full-year profit to beat forecast
Scandinavian carrier Norwegian expects to exceed the range it had forecast for its full-year operating profit, partly thanks to stronger-than-expected travel demand in November and December.
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AnalysisWhy United chief Kirby is unfazed by more operational and cost pressures in 2024
United Airlines chief executive Scott Kirby reflected during the carrier’s earnings call on 23 January that he mostly called 2023 right.
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NewsBen Gurion airport traffic hit hard by Israel-Hamas war
The latest traffic data for Ben Gurion International airport reflects the significant impact of the Israel-Hamas war on airline connectivity at Tel Aviv, despite the airport remaining open since the conflict began.
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NewsUnited posts 28% lower fourth-quarter profit as expenses rise almost 15%
United Airlines posted a $600 million profit for the fourth quarter of 2023, down almost one-third from last year’s profit in the same period, as expenses such as salaries and maintenance costs rose.
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Interview‘Just didn’t work’: Mesa chief describes financial troubles under previous deal with United
Phoenix-based regional carrier Mesa Airlines has been manoeuvring to reduce debt and improve profitability, largely through new agreements with partner United Airlines.
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NewsSpirit and JetBlue appeal court ruling blocking acquisition
JetBlue and Spirit Airlines are appealing the court ruling earlier this week that denied the airlines’ $3.8 billion tie-up.
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NewsRyanair and Transavia among growing list of airlines making Tel Aviv return
Ryanair and Transavia France are among carriers to have announced in the past few days that they will resume flights to Tel Aviv on 1 February, as more operators reverse the suspension of operations that followed the outbreak of war between Israel and Hamas.
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NewsSpirit working to steady itself after JetBlue deal is blocked
Following a US judge’s decision to block JetBlue Airways’ acquisition of rival low-cost carrier Spirit Airlines, Spirit has told investors that it is moving to shore up its financial position.
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NewsStruggling Mesa Airlines reworks United deal and continues selling CRJ900s
Financially struggling Mesa Air Group has reached new agreements with partner United Airlines and continues selling off spare aircraft and engines as the company risks being de-listed from the US stock market.
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NewsletterWhat next for JetBlue and Spirit after collapse of deal?
Whatever comes next, the court’s assertion that the ruling represents a “victory for consumers” will be tested
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NewsGol says capital restructuring path still undecided amid Chapter 11 report
Brazilian low-cost carrier Gol has responded to a report linking it to a Chapter 11 filing by stating that it is continuing a review of its capital structure.
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NewsJapan Airlines appoints first female president
Mitsuko Tottori, currently the airline’s customer chief, will be the first female to lead a major Japanese operator.
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AnalysisSpirit at risk of bankruptcy and liquidation as JetBlue deal falls through: TD Cowen
In the wake of a US judge’s decision to block JetBlue Airways’ attempted acquisition of Spirit Airlines, it is unclear how the respective low-cost carriers will chart paths forward.
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NewsNixed JetBlue-Spirit deal might impact Alaska-Hawaiian transaction
The blocked acquisition of Spirit Airlines by JetBlue Airways could have some bearing on another potential blockbuster deal in the US market: Alaska Airlines’ bid for Hawaiian Airlines.
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NewsUS court blocks JetBlue’s acquisition of Spirit
A US district court ruled on 16 January that JetBlue Airways’ proposed $3.8 billion acquisition of rival low-cost carrier Spirit Airlines cannot proceed, blocking the deal on anti-competitive grounds.
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In depthAirline Business Covid-19 recovery tracker: January 2024 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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AnalysisAlaska initially offered $20 per share for Hawaiian but revised bid as stock slid
In its initial bid to acquire Hawaiian Airlines, Alaska Airlines offered $20 per share before the two sides eventually agreed on a final price of $18, as the Honolulu-based carrier’s stock lost two-thirds of its value during the second half of 2023.
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NewsletterSupply chain issues will plague aviation for some time: Delta CEO
Delta Air Lines’ chief executive Ed Bastian says supply chain issues will continue to plague the industry for some time, citing Pratt & Whitney’s engine recall as an example.
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NewsNew Lufthansa carrier City Airlines receives first A319
Lufthansa Group’s City Airlines unit has received its first aircraft ahead of it launching services in the upcoming summer season.
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NewsletterDelta posts profit of $4.6bn for 2023
Delta Air Lines posted a full-year 2023 profit of $4.6 billion on revenue 20% higher year on year, and reports a strong profit for the fourth quarter.