Strategy – Page 22
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NewsMalaysia Airlines, Cathay axe joint-business plans
Cathay Pacific and Malaysia Airlines will not proceed with plans for a joint-business, after regulators in Malaysia expressed concern over the “significant reduction” in competition.
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NewsAustralian competition regulator proposes to deny Qantas-China Eastern partnership
The Australian Competition and Consumer Commission (ACCC) is proposing to block Qantas’ plans to renew its partnership with China Eastern Airlines, citing price hike concerns amid a return of Chinese travellers to Australia.
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NewsTransat AT posts first profitable quarter since 2019 due to strong leisure demand
The parent of Canadian carrier Air Transat reports on 14 September making C$57.3 million ($43.5 million) during its fiscal third quarter – its first quarterly profit since late 2019.
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NewsletterEarly signs of ‘normalisation’ effects at airlines
Many airline leaders continue to argue that although visibility is limited, strong demand and yields are persisting into the northern hemisphere winter months. But there are also significant players highlighting signs of market ‘normalisation’
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NewsMesa Airlines CFO Zubeck to leave US regional carrier
After working for nearly two years as chief financial officer of US regional carrier Mesa Airlines, Daniel Torque Zubeck is resigning from the company effective 15 September.
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NewsUnited’s bookings remain high as hub strategy pays off: Leskinen
As numerous US airlines revised their third-quarter results estimates due to higher fuel prices and lower-than-expected bookings, United Airlines remains committed to the financial guidance it published in July, touting its hub-and-spoke network as well as its United Next strategy.
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News‘Canary in the coal mine’: Frontier cuts Q3 capacity forecast as bookings sag
Frontier Airlines has cut its capacity forecast for the third quarter based on lower bookings and higher fuel prices, making it the latest North American carrier to lower expectations for the period.
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News‘Infuriating’: Hawaiian’s CEO blasts Pratt’s PW1100G response as airlines plan to ground more jets
Hawaiian Airlines’ chief executive has taken issue with how RTX and subsidiary Pratt & Whitney (P&W) apparently plan to handle its massive recall of PW1100G geared turbofans (GTFs), which power Hawaiian’s Airbus A321neos.
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NewsSpirit reduces Q3 revenue forecast due to fuel cost bump
Ultra-low-cost carrier Spirit Airlines has become the latest US airline to lower its third-quarter revenue forecast based on higher-than-expected fuel costs.
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NewsInflation's 'biggest spike is behind us': Alaska Airlines CFO
Still facing cost increases on some fronts, Alaska Air Group's leadership believes it has successfully navigated the worst of industry-wide inflation related to the Covid-19 pandemic.
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In depthAirline Business Covid-19 recovery tracker: September 2023 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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NewsJetBlue decries ‘startling switch in positions’ in federal antitrust lawsuits
JetBlue Airways has accused the US Department of Justice of “taking inconsistent positions” in respective lawsuits to break up JetBlue’s Northeast Alliance with American Airlines and block its proposed acquisiton of Spirit Airlines.
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NewsJetBlue commits some Spirit assets in Northeast USA and South Florida to Allegiant
JetBlue Airways has entered a second divestiture agreement with a rival low-cost carrier – this time, Allegiant Air – as part of its bid to acquire Spirit Airlines.
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NewsNorthern Pacific Airways to rebrand itself as New Pacific Airlines
US start-up carrier Northern Pacific Airways plans to rebrand itself as New Pacific Airlines rather than fight a trademark lawsuit.
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NewsGlobalX lands deal for financing and construction of new South Florida MRO hangar
US charter carrier GlobalX has reached an agreement with Sheltair Aviation for the financing and construction of a new maintenance facility in South Florida that will support the airline’s fleet growth plan.
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NewsletterStrong air travel recovery tainted by government capacity caps: IATA
IATA’s latest data for the peak northern hemisphere travel month of July reflects the industry’s continued strong recovery from the Covid-19 pandemic, but it came with a warning about the impacts of government moves to cap capacity at several airports.
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NewsAegean Airlines eyes full-year profits high after strong second quarter
Greek carrier Aegean Airlines expects to post record full-year profits for 2023 after disclosing pre-tax earnings for the second quarter of €67.3 million ($72.2 million).
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NewsWestJet appoints board members Cruz and Smith as vice-chairs
The WestJet Group has appointed longtime airline executives Alex Cruz and Ben Smith as vice-chairs of its board.
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NewsUS carriers adjust Q3 expectations due to surging fuel costs and extreme weather
US airlines are adjusting their third-quarter financial expectations in response to higher-than-anticipated fuel costs and extreme weather events that have disrupted operations throughout North America.
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NewsHawaiian revises Q3 earnings expectations down due to engine issues and Maui wildfire
Hawaiian Airlines has adjusted its third-quarter earnings expectations down following issues with its Pratt & Whitney engines and a devastating wildfire on the island of Maui that reversed the carrier’s third-quarter earnings trends.