All Strategy news – Page 50
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Airline Business‘Bigger, better, stronger’: Cebu Pacific targets gains in post-pandemic market
Cebu Pacific’s new chief executive Mike Szucs sees the opportunity to outstrip its pre-crisis financial performance in the years ahead as the Philippine budget carrier emerges from the pandemic.
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NewsLufthansa extends Spohr’s contract for five more years
Lufthansa Group has extended the contract of chief executive Carsten Spohr for another five years, alongside that of chief financial officer Remco Steenbergen.
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NewsDelta pilots approve new contract
Pilots at Delta Air Lines have approved a new contract that will give them a 34% pay increase by 2026.
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NewsTurkish Airlines doubles revenues and operating profits in 2022
Turkish Airlines almost doubled revenues and operating profits last year as a sharp return in passenger demand helped it to record profitability
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NewsNorse adds four new US routes from London Gatwick
Long-haul European discounter Norse Atlantic Airways plans to expand further in the coming months with flights from London’s Gatwick airport to another four US cities.
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NewsBullish Virgin Australia eyes international ramp-up
Virgin Australia is to focus on a significant international ramp-up in the coming year, with the airline also seeing strong inbound travel demand from Chinese travellers.
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NewsThai in 'revival mode’ as it focuses on boosting revenue quality: CEO
Thai Airways International is entering “revival mode” after more than two years of “running on survival mode”, as its new chief executive vows to restore confidence in the beleaguered carrier.
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NewsAir India ‘confident’ of profitability, eyes near-term fleet expansion
Air India is “confident” it will turn profitable through its business transformation efforts, as it looks to significantly expand its operating fleet in the near term.
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NewsRex narrows half-year losses, remains optimistic of return to profit
Australia’s Regional Express (Rex) narrowed its half-year losses on the back of a significant jump in passenger revenue, though it notes that its regional operations were “a drag” on overall performance.
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NewsCarlyle takes stake in SpiceJet after debt-for-equity swap deal
SpiceJet has agreed a debt-for-equity deal with Carlyle Aviation Group under which the aircraft lessor will take a stake in the Indian low-cost carrier and cargo unit SpiceXpress and Logsitics.
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NewsThai to expand fleet as airline swings to small net loss in 2022
Thai Airways International will return to service two Boeing 777-200ERs, as well as lease two Airbus A350s, as part of a fleet expansion plan amid “continued growth” in travel demand.
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NewsPilot shortage will erode US discounters’ low-cost edge: United executive
A shortage of pilots will increasingly erode the cost advantages long enjoyed by US discount airlines while improving the competitive position of giants like United Airlines.
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NewsState funds to tackle historic debts as SAA covering operating costs
South African Airways (SAA) has flagged that it is now covering its operating costs after the country’s finance ministry set aside R1 billion ($55 million) to deal with a portion of its historic debts.
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NewsBritish Airways chief upbeat on summer as recruitment drive set to tail off
British Airways chief executive Sean Doyle believes the UK carrier will have sufficient staff to meet demand this summer in contrast to the challenges the industry faced ramping up a year ago.
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NewsIAG chief expects Spanish acquisition, with greater market ‘certainty’ supporting Air Europa deal
IAG group chief executive Luis Gallego sees “more certainty” in the market as providing greater hope that it can complete a deal for Air Europa after a previous acquisition attempt collapsed in late 2021.
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NewsSpanish carriers lead IAG profit return in 2022
All four of IAG’s major airlines returned to the black in 2022, a year in which its Spanish carriers Iberia and Vueling came closest to matching pre-pandemic operating profitability.
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NewsIAG agrees deal to acquire full control of Air Europa
Iberia parent IAG has agreed a deal with Air Europa owner Globalia to acquire the remaining 80% of the Spanish carrier in a transaction it expects to take 18 months to clear regulatory approvals.
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NewsAmerican’s Smith will succeed Parker as chairman of the board
American Airlines has named current board member Greg Smith as its new chairman, succeeding Doug Parker, who is retiring.
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NewsQantas picks up used jets amid delivery delays
Qantas Group is to add used and wet-leased narrowbodies over the next two years, as part of near-term measures to mitigate aircraft delivery delays while boosting capacity.
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News‘Huge turnaround’: Qantas reports record half-year profit on strong demand, higher yields
Australia’s Qantas Group swung back to profitability on the back of “robust” travel demand and higher yields, despite being hit by a series of operational snags.