Strategy – Page 95
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NewsSilver Airways raises capital, adds aircraft and routes
Regional carrier Silver Airways has raised $50 million in capital, added new several aircraft to its fleet and received certification to operate freighter service.
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NewsRegulator backs Condor in Lufthansa feeder flight access dispute
German competition regulators have preliminarily backed leisure carrier Condor in its claim that it should have access to Lufthansa feeder flights for its long-haul operations after the latter terminated a partnership agreement.
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NewsSun Country to ‘grow sensibly’ after reporting small Q4 loss
Sun Country Airlines says it continues to “grow sensibly through the recovery” as it posts a small loss for the fourth quarter of 2021.
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NewsRedmond to succeed Gallagher as Allegiant chief executive
Long-standing Allegiant Travel chairman and chief executive Maurice Gallagher is to hand the chief executive role to company president John Redmond from June.
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NewsFrontier pitches Spirit acquisition as countering USA’s four mega airlines
Frontier Airlines expects its planned acquisition of Spirit Airlines will generate hundreds of millions of dollars in efficiencies and give the combined carrier the scale needed to better compete against the USA’s four mega airlines.
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NewsAmerican firms $200m Gol investment plan
American Airlines has firmed its planned $200 million investment in Gol, under which it is taking a 5.2% stake in the Brazilian budget carrier.
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NewsFrontier Airlines to buy and merge with low-cost rival Spirit Airlines
Frontier Airlines is to acquire and merge with US ultra-low-cost carrier rival Spirit Airlines in a $6.6 billion deal announced today. Under the terms of the merger agreement, which has been unanimously approved by both companies’ boards of directors, Spirit is valued at $2.9 billion and the transaction has a ...
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NewsVinci expects airports to hit break-even this year after tough 2021 for Gatwick and Japan
Multinational infrastructure firm Vinci expects its airports business to reach break-even on a net basis in 2022, if the public health situation continues to improve. The company – which has 53 airports across 12 countries in its portfolio – says passenger numbers will recover to “around 60%” of 2019 levels ...
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NewsSkywest posts profit for 2021, plans for looming pilot shortage
Regional carrier Skywest Airlines swung to profit in 2021, but says that the impending pilot shortage will negatively affect its 2022 planning.
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NewsLow-cost unit helps Air Astana top pre-crisis traffic levels in 2021
Air Astana Group topped pre-crisis passenger levels last year in carrying a record 6.62 million, almost half of which flew on its low-cost unit FlyArystan.
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NewsAllegiant posts small profit in fourth quarter of 2021
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air posted a small profit in the fourth quarter of 2021, supported by more cost-conscious customers returning to travel.
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NewsANA turns small profit in third quarter while Japan Airlines narrows loss
Japan’s two biggest airline operating groups both reported progress in their recovery from the pandemic in the third quarter, including All Nippon Airways returning to the black for the first time in two years.
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NewsRecovering Swiss to end short-time working and recruit cabin crew
Lufthansa Group carrier Swiss International Air Lines is to end the short-time working for all staff brought in to counter the pandemic and is to begin recruiting new cabin crew.
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NewsOmicron hit sees Ryanair post weakest traffic month since June
Irish budget operator Ryanair carried 7 million passengers in January, at the top end of projections that had been revised downwards following capacity cuts due to Omicron travel restrictions.
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NewsEthiopian resumes Boeing 737 Max flights
Ethiopian Airlines has today brought its Boeing 737 Max back into service, almost three years after a fatal crash of one of its aircraft prompted the global grounding of the type.
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NewsAirAsia X takes first step with Sydney service in scheduled flights return
Restructuring Malaysian long-haul, low-cost operator AirAsia X is to resume scheduled passenger services in February for the first time since the pandemic.
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NewsUS court approves Aeromexico reorganisation plan
A US bankruptcy court has approved Aeromexico’s reorganisation plan, clearing the way for the Mexico City-based carrier to exit bankruptcy protection.
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NewsAlaska turns small Q4 profit despite Omicron disruption
“Disciplined” cost management and a “measured approach to bringing back capacity” helped Alaska Air Group grow revenue and turn a small profit during the fourth quarter of 2021, even while contending with a new coronavirus variant, the company reports.
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NewsSouthwest reports first quarterly profit since 2019
Southwest Airlines has earned its first quarterly profit since 2019, as demand for low-cost fares climbed in the last three months of 2021.
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NewsJetBlue cuts Q4 loss, calls Omicron ‘temporary setback’
JetBlue Airways more than halved its loss in the fourth quarter of 2021 as leisure passengers returned in greater numbers.