All articles by Alfred Chua – Page 27
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News
Australian watchdog blocks Virgin Australia-Alliance partnership renewal
Australia’s competition watchdog has rejected an extension of a charter partnership between Virgin Australia and Alliance Aviation, following a six-month consultation period in which it found low support for a continued alliance.
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News
Singapore’s Changi airport on ‘last stretch of recovery’ as passenger traffic hits new high
Singapore’s Changi airport’s passenger traffic could return to pre-pandemic levels sooner than projected, as the airport enters its “last stretch of recovery” with traffic hitting a new high in nearly three years.
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Rising costs eat into Korean Air Q1 profit
Korean Air posted slimmer profits in the first quarter of this year, as rising fuel and operational costs offset an increase in revenue on the back of travel demand recovery.
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News
Garuda Indonesia narrows Q1 loss on revenue uptick
Garuda Indonesia cut its red ink in the first quarter, on the back of significant increase in revenue as travel demand picked up.
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JAL to operate dedicated freighters after 13-year hiatus
Japan Airlines will introduce dedicated freighters to its fleet for the first time in 13 years, as it seeks a “new business model” to capture “stable and growing demand”.
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JAL swings back to profitability, on ‘steady path’ to growth
Japan Airlines returned to the black in its full-year financial results, buoyed by a strong showing in domestic travel demand and “steady progress” in international recovery.
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News
Profitability imminent for China’s ‘Big Three’: HSBC
HSBC Global Research believes China’s three largest carriers could return to the black as early as the quarter ended 30 June, amid “robust travel demand” and rising airfares.
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Airline Business
Unpacking Alan Joyce’s Qantas legacy
Alan Joyce will retire from Qantas in November after 15 years at the helm, and he departs with a mixed legacy, including standing up to worker unions, and seeing the airline through the coronavirus pandemic.
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News
ATSB probes Pel-Air Saab 340 freighter fire
Australian investigators are probing an in-flight fire involving a Saab 340A freighter operated by Regional Express (Rex) unit Pel-Air.
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Qantas appoints finance chief as new CEO
Qantas has appointed finance chief Vanessa Hudson as its new airline CEO, making her the first female leader in its 103-year history, and ending months of speculation over the carrier’s leadership succession plans.
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News
China’s ‘Big Three’ shave Q1 losses as ‘zero-Covid’ eases
China’s three largest carriers dramatically slashed their red ink in their first quarterly earnings since Beijing eased much of its ‘zero-Covid’ curbs.
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News
Starlux marks long-haul foray with inaugural Los Angeles flight
Taiwanese operator Starlux Airlines has begun trans-pacific flights to Los Angeles, as it eyes opportunities in the North America-Asia transit market.
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News
Hainan Airlines commits to 60 C919s, 40 ARJ21s
Hainan Airlines has disclosed commitments for 60 Comac C919 narrowbody aircraft and 40 ARJ21 regional jets meant for two airline units, providing an orderbook boost even as the airframer grapples with service entry delays.
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News
AAPA flags ‘lacklustre’ Asia-Pacific cargo traffic as passenger travel rebounds
The Association of Asia Pacific Airlines (AAPA) has warned of a “lacklustre” air cargo market in the region amid a decline in demand that is being juxtaposed by “robust recovery” in passenger traffic.
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News
Air China to sell eight A330s to cargo unit in fleet rejig
Air China is to sell eight Airbus A330-200s to its cargo unit Air China Cargo in a deal worth up to $114 million, as part of fleet optimisation efforts and to “improve the economic benefits” of aircraft disposal.
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News
AirAsia units ramp up international capacity amid ‘sustained demand’
AirAsia Aviation carriers see “sustained demand” in international travel demand amid a significant capacity ramp-up in the first quarter of the year, including resuming flights to Mainland China.
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News
Hong Kong Airlines restructuring gets underway; network, fleet ‘realignment’ to come
Hong Kong Airlines (HKA) expects to undertake a network and fleet “realignment” in the near term, as part of business recovery efforts after it secured investment for its restructuring.
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News
Asia Digital Engineering raises $100 million for new hangar, further expansion
Asia Digital Engineering (ADE) has secured $100 million funding from investment firm OCP Asia, which will go towards the expansion of hangar space in Kuala Lumpur in what it calls “the next phase of growth”.
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News
2023 a 'turning point for recovery', domestic competition to be 'mitigated': Air China
Air China believes domestic airline competition “will be mitigated” in the near term, following a bruising year where travel demand collapsed under the pressures of China’s now-scrapped ‘zero-Covid’ policies.
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News
ANA parent expects higher profits on cost-cutting
ANA Holdings, the parent company of Japanese carrier All Nippon Airways, has revised upwards its full-year profit forecast, amid cost reduction efforts and despite sluggish cargo performance.