All Strategy news – Page 193
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Garuda swings to operating profit during third-quarter
Double-digit revenue growth at Garuda Indonesia during the third quarter 2019 helped the airline leave behind its previous loss-making status.
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Lufthansa ramps up group cost-cutting measures
Lufthansa Group is accelerating restructuring efforts at its cargo division and subsidiaries Austrian Airlines and Brussels Airlines as the company faces pressure on earnings, particularly in Europe, and increased fuel costs.
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Airline BusinessWhy Air France-KLM is keen to reiterate its strategy
Air France-KLM’s presentation of its five-year plan on 5 November contained few, if any, surprises.
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Qatar Airways inks IndiGo codeshare
Qatar Airways has inked a codeshare agreement with Indian low-cost carrier IndiGo, days after it confirmed partnership plans.
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ATSG reports higher Q3 results on Omni acquisition
Air Transport Services Group, a provider of medium wide-body aircraft leasing, contracted air transportation and related services, reported higher third quarter results after it integrated charter carrier Omni Air International, which it acquired late last year.
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Norwegian stock price drops after new fundraising round
Scandinavian budget carrier Norwegian's share price has dropped by around 10% after the airline revealed it was seeking additional funding from investors, through a convertible bond issue and a release of new shares.
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SIA sets 2022 date for 777-9 service entry
Singapore Airlines will introduce the Boeing 777X into service in 2022, updating earlier indications that the carrier would be taking delivery of the widebody from 2021.
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SIA sees upside in tie-up with Malaysia Airlines
Singapore Airlines (SIA) sees potential in its commercial tie-up with Malaysia Airlines, having signed a wide-ranging commercial agreement in October.
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American and Qantas implement joint venture
American Airlines and Qantas have implemented their joint venture, designed to streamline transpacific travel and open the opportunity for new routes between North America and Oceania.
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Qatar poised for IndiGo partnership
Qatar Airways is set to unveil a codeshare partnership with Indian low-cost carrier IndiGo.
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Air France-KLM to reinvent itself through simplification: chief
Air France-KLM has reiterated a need for group-wide operational simplification in order to achieve "sustainable profitability".
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Hong Kong Airlines axes Los Angeles as it cuts operations by 6%
Hong Kong Airlines (HKA), which has recently been plagued by financial troubles, is trimming its operations by about 6%, following an intervention by the territory's civil aviation authorities.
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Avianca gives up on acquiring Aeromar
Avianca has confirmed that it is no longer interested in buying Mexican regional operator Aeromar, as the Colombian carrier focuses on executing a strategic plan to restore profitability within its core business in its home country and Central America.
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Airline BusinessThe logic of IAG's swoop for Air Europa
IAG’s move to acquire Spanish leisure operator Air Europa for €1 billion ($1.1 billion) is billed as an attempt to bolster Madrid’s status as a major European hub.
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IAG acquires Air Europa in bid to transform Madrid
Iberia and Vueling parent IAG has agreed to acquire another Spanish operator, Air Europa, for a cash transaction of €1 billion ($1.1 billion).
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Loss-making Thai Airways' chairman quits
Thai Airways International's chairman has stepped down amid continuing pressure over the loss-making airline's financial performance.
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Thomas Cook shareholder Fosun picks up brand name
Leisure firm Thomas Cook's brand has been acquired by shareholder Fosun Tourism Group as part of an £11 million ($14 million) agreement to pick up assets from the collapsed company.
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Gol Q3 results up despite Max grounding, unscheduled maintenance
Brazil’s low-cost carrier Gol reported a rise in third quarter revenue on increasing passenger demand and “dynamic revenue management” - flexible pricing which allows the company to constantly optimise returns - despite taking a hit for unscheduled maintenance as well as the grounding of its seven Boeing 737 Max aircraft.
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Air France-KLM's third-quarter profit dips on softer unit revenue
Air France KLM has posted a moderate decline in third-quarter profit after higher fuel costs and weaker unit revenue overwrote a steady growth in passenger numbers.
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Thomas Cook’s Nordic airline renamed after investors swoop
Thomas Cook Airlines Scandinavia is to be rebranded as Sunclass Airlines after the collapsed tour operator Thomas Cook Group’s Northern Europe division was acquired by a trio of investors. The investors include Strawberry Group, the fund controlled by businessman Petter Stordalen, as well as Altor Funds and TDR Capital. Strawberry ...