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Airline Business
Spirit Airlines cuts second quarter revenue expectations
Spirit Airlines has lowered its second-quarter revenue expectation to $1.28 billion from its previous estimate of $1.32-1.34 billion, as non-ticket revenue slipped below anticipated levels.
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Airline Business
Struggling SpiceJet seeks fresh funds as profitability remains elusive
SpiceJet’s latest financial report – again released after a significant delay – is a reminder of how challenging India’s market can be, whatever potential it holds
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Airline Business
How JFK’s new international terminal aims to change up the model for US airports
The chief executive of New York JFK’s new international terminal is confident the facility will set a new model for airport infrastructure in the country
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Airline Business
Week 29 2024: Earnings season continues after rocky start
The latter half of this week will see more airlines reveal their performances for the April-June period as the earnings season kicks into gear following a rocky start in some cases.
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Airline Business
Airline news digest: 6-12 July 2024
Our regular rundown of the biggest airline stories from the past seven days
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Airline Business
‘We are not happy’: Norwegian chief reflects on second-quarter challenges
Scandinavian low-cost carrier Norwegian observed softer-than-expected demand during the second quarter of this year, as its financial performance was also hit by a string of challenges.
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Airline Business
Mixed picture emerges from Chinese airlines ahead of half-year results
China’s three largest carriers are forecast to continue their loss-making streak in their half-year earnings, in contrast to their smaller compatriots who expect to boost profitability.
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Airline Business
Oversupplied domestic market hammers Delta’s second-quarter profit
Company executives point to US domestic excess passenger capacity as the primary culprit behind slimmer profits.
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Airline Business
KLM chief works to overcome growth constraints on multiple fronts
KLM chief Marjan Rintel sees governments developing a better understanding of aviation’s importance as she grapples with a string of challenges relating to the Dutch flag carrier’s growth plans
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Airline Business
Istanbul airport sees expanded tourism reach driving growth ambitions
Just five years after Istanbul airport opened, its new chief executive Selahattin Bilgen is already readying the gateway for the next stage of its development
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Airline Business
Breeze slams Reagan National entry requirements as major carriers wrangle for new slots
Start-up Breeze Airways and several non-profit groups are criticising as anti-competitive a plan under which the US Department of Transportation (DOT) is allocated additional take-off and landing rights at Ronald Reagan Washington National airport.
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Airline Business
Elliott blasts Southwest anew for ‘profoundly out of touch’ strategic decisions
Elliott Investment Management has refreshed its scathing criticism of Southwest Airlines’ leadership in a letter that characterises the company’s board of directors as “profoundly out of touch” with investors.
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Airline Business
US airlines split on second quarter outlook
Delta Air Lines and United Airlines are forecast to lead the pack on profits in the second quarters as US carriers are set to begin reporting financials for the April-June period
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Airline Business
Week 28 2024: First sight of second quarter
This week will see the first airline to report financial results for the second quarter when Delta Air Lines delivers its numbers for the April-June period on 11 July.
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Airline Business
Airline news digest: 29 June - 5 July 2024
Our regular rundown of the biggest airline stories from the past seven days
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Airline Business
Spohr sees scale and southern mission giving ITA a chance to prosper as part of Lufthansa
After more than a year of waiting, Lufthansa cannot yet quite begin bringing ITA Airways into the group, even after securing the regulatory green light from the European Commission.
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Airline Business
Airline leadership lessons from a generation of growth
Reflecting on 25 years of insight into the global airline sector and what it means for strategies today
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Airline Business
Has marketing become the most risky airline job?
Once considered a glamorous role, airline marketing now requires navigation of sustainability sensitivities
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Airline Business
AirAsia X underlines its comeback with Nairobi foray
AirAsia X’s launch of direct services to Nairobi shows that the long-haul, low-cost arm of AirAsia is back in growth mode after its near death experience during the coronavirus pandemic.
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Airline Business
Neeleman readies Breeze for next step as it gets set for international
Three years after launching in the middle of the global pandemic, David Neeleman’s fifth airline start-up, Breeze Airways, has hit profitability and set to launch its first international services.