Strategy – Page 15
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NewsCebu Pacific to ground up to 20 jets through 2024 as PW1100G woes crimp growth
Cebu Pacific expects to ground 10 Pratt and Whitney PW1100G-powered jets in January alone, with up to 20 aircraft likely to be taken out of operations through next year.
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NewsCebu Pacific flags slower China recovery amid swing to Q3 profit
Cebu Pacific is seeing slow recovery into Mainland China, as it takes a “wait and see” approach to fully restoring capacity into the country.
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NewsVietnam Airlines becomes AAPA’s newest member
Vietnam Airlines has joined the Association of Asia Pacific Airlines (AAPA), becoming the trade body’s 15th member.
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NewsThai Airways doubles third-quarter profit despite competition and economic concerns
Thai Airways International nearly doubled its operating profit for the third quarter, amid an uptick in tourism arrivals, and despite concerns over economic uncertainty.
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NewsAvianca posts profit as it scrambles to fill Colombian capacity needs
Avianca reported a profit for the third quarter of 2023, as passenger demand remains strong following the demise of two domestic airlines, pushing the company’s results beyond figures in its original business plan.
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NewsCharter carrier GlobalX loses $4.9m amid Q3 pilot hiring spree
South Florida start-up carrier Global Crossing Airlines (GlobalX) reports a third-quarter loss of $4.89 million as it ramped up pilot hiring to keep pace with its rapidly growing fleet.
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InterviewUnited Airlines’ customer chief on ‘day of travel’ power of the airline app
While United Airlines' customers are able to engage across a range of platforms and timeframes, for the carrier's chief customer officer Linda Jojo many of the advances with airline apps centre around their ability to support ‘day of travel’ functionality.
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AnalysisLow nose-loading appetite leaves 747-8F as capability’s last stand
Low airline appetite for nose-loading freighters means the Boeing 747-8F is currently on course to be the capability’s swansong in terms of purpose-built commercial aircraft, despite it featuring on around 250 in-service examples today, according to speakers at The International Air Cargo Association’s (TIACA’s) Executive Summit in Brussels.
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NewsletterAir cargo leaders look deep into 2024 for demand uptick
Sentiment in the air cargo market continues to trend sharply below Covid-era highs, as rising capacity, lower rates and weak demand trends contribute to a challenging backdrop for the sector.
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NewsUS airlines gearing up for ‘busiest ever’ Thanksgiving holiday travel period
US airlines are gearing up for a major holiday travel weekend as demand for air travel over the upcoming Thanksgiving travel period is higher than both last year and pre-pandemic 2019.
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NewsFrontier to open crew base in Cleveland with 400 employees
US ultra-discounter Frontier Airlines plans to open a crew base that will employ hundreds at Cleveland Hopkins International airport starting in March.
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AnalysisCan European airline group consolidation aims come to fruition?
Consolidation is very much in the air for the three big European airline groups, all of whom are in the process of trying to get acquisitions done and with the prospect of a move for TAP Air Portugal still in the offing.
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NewsSun Country stymied by captain availability on way to modest Q3 profit
Sun Country Airlines reports earning $7.6 million during the third quarter as chief executive Jude Bricker cited the lack of pilots upgrading to captain as a persistent problem.
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NewsCargojet’s Q3 profits dip amid cooling air freight market
Canada’s Cargojet Airways reports a third-quarter profit of C$10.5 million ($7.63 million) – versus marking C$83.4 million during the same period last year – amid cooling demand for air cargo.
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NewsSIA expects full capacity recovery by 2024 as half-year profit smashes records
Singapore Airlines Group expects to return to pre-pandemic capacity in the 2024 fiscal year, amid robust travel demand which has led the airline to post a 26% jump in half-year operating profit.
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NewsCondor now selling Alaska Airlines flights through codeshare
Oneworld carrier Alaska Airlines and German leisure specialist Condor have expanded their codeshare agreement, allowing Condor to market and sell more than 70 routes throughout the USA.
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NewsFedEx encourages pilots to move to regional carrier PSA as cargo demand slumps
FedEx Express is encouraging pilots to move to regional passenger carrier PSA Airlines as direct-entry captains, with the opportunity to flow through to legacy American Airlines. The regional carrier is sweetening the deal with a $250,000 signing bonus.
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NewsBrazil’s Gol posts record third-quarter revenue on ‘strong and steady’ demand
Brazil’s Gol generated record revenue in the third quarter of 2023 as both leisure and corporate travel demand continued to strengthen.
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NewsGaruda swings to loss despite revenue jump
Garuda Indonesia swung back to a nine-month loss despite an increase in revenues, due to the lack of income gained from debt restructuring, and as it took a hit from foreign exchange losses.
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NewsIndiGo ramps up mitigation measures as GTF groundings grow
IndiGo is maintaining its full-year capacity guidance as it intensifies mitigation measures in response to news that more of its Pratt & Whitney geared turbofan (GTF)-powered aircraft will be grounded in the coming months.