Strategy – Page 24
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NewsNorwegian evaluating 737 Max 10 after receiving ‘new information’ on range
Norwegian is “seriously evaluating” converting some of its Boeing options into a 737 Max 10 order, with the variant potentially suitable for destinations such as the Canary Islands and an unannounced new base.
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In depthNew business-class carrier Bermudair ‘akin to a private jet’ service: CEO
Bermudair is betting that Bermuda’s sizeable business community will sustain its planned flight frequencies and allow for potential network and fleet expansions.
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News‘Remarkable turnaround’: Qantas swings to record annual profit after three years of losses
Australia’s Qantas Group swung back to its first full-year profit since 2019, on the back of “significantly higher” revenues from strong travel demand.
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NewsUS start-up carrier Red Way to cease operations two months after launch
Start-up carrier Red Way is ceasing operations roughly two months after launching out of Lincoln, Nebraska, ending an experiment that involved a unique low-cost business model.
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In depthAir Cahana’s CEO details plan to ‘clean up’ aviation with hydrogen power
Southern California start-up Air Cahana has an ambitious plan to establish and expand hydrogen-powered regional air service in the Southwest USA this decade.
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NewsAmerican Airlines pilots accept new deal that will boost pay up to 46%
American Airlines’ pilots have voted to accept a new contract proposal that promises pay raises of up to 46%, according to the Allied Pilots Association (APA).
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NewsAustralian competition watchdog extends Qantas-Emirates partnership
The Australian Competition and Consumer Commission (ACCC) has allowed Qantas and Emirates to continue coordinating their operations for another five years.
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NewsSurf Air forecasts ‘rapid growth’ in first quarterly disclosure since public listing
California start-up Surf Air Mobility has disclosed second-quarter results reflecting its recent acquisition of regional carrier Southern Airways.
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AnalysisAirline Business performance tracker: Americas Q2 2023
Key data from the most-recent Americas earnings period – the April-June 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsPegasus sees post-Covid travel boom ebbing after ‘strong’ second quarter
Pegasus has reinstated its strategic focus on boosting load factors and ancillary revenues as the post-Covid travel boom subsides in the second half of 2023.
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NewsJapan’s Skymark in the red despite record quarterly passenger traffic
Japanese carrier Skymark Airlines was loss-making in the first-quarter, despite seeing passenger volumes hit record highs amid strong domestic travel demand.
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NewsCanada Jetlines posts modest Q2 loss, needs ‘to raise additional capital’
North American start-up carrier Canada Jetlines lost C$940,000 ($698,000) during the second quarter as it continues expanding its scheduled and charter operations.
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NewsCargojet’s second-quarter results sag amid ‘difficult’ economic conditions
Canadian carrier Cargojet Airways’ second-quarter revenue declined 15% year-on-year as the freight hauler rode out “difficult” market conditions.
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NewsATSG delivers six converted freighters in past month
US lessor Air Transport Services Group (ATSG) recently delivered six converted cargo aircraft to customers in five countries amid a broad downturn in the global air freight market.
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NewsFAA extends New York-area flight reduction effort as its controller shortage continues
Ongoing air traffic controller shortages in New York have prompted the Federal Aviation Administration to extend for six weeks a programme intended to reduce flight disruptions at New York and Washington, DC-area airports.
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In depthAirline Business Covid-19 recovery tracker: August 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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AnalysisAir cargo grapples with plummeting rates and freighter oversupply fears
The global air cargo market is heading for a potential “winter of discontent” amid rapidly falling rates, softening demand and rising capacity.
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NewsTourism recovery keeps Thai carriers in the black
Thailand’s two full-service operators, Thai Airways International and Bangkok Airways, remained profitable in the second-quarter earnings, helped by a rebound in tourism, especially following the reopening of China’s international borders.
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NewsPAL promises ‘major’ product, digital revamp as Q2 profits increase
Philippine Airlines (PAL) is to double down on improving its product offerings, as the carrier improved its quarterly profit on the back of continued demand recovery.
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NewsAir Canada rides wave of international travel to second quarter profit
Air Canada generated second-quarter revenue of C$5.4 billion ($4 billion), up 36% from C$3.9 billion during the same period a year ago, as international travel rebounded strongly from the Covid-19 pandemic.