All Strategy news – Page 52
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NewsCopa Q4 profit rises to $88.3m as demand for travel climbs
Copa Holdings, the parent of Panamanian flag carrier Copa Airlines, posted a fourth-quarter profit of $88.3 million as demand for air travel across the region rose.
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NewsJetBlue plans major operational expansion in South Florida
Seeking a stronger foothold in South Florida, JetBlue Airways plans to ramp up to more than 250 daily departures from Fort Lauderdale-Hollywood International airport by 2027, including flights to Europe.
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NewsLATAM Airlines Colombia enters Viva Air Colombia acquisition fray
LATAM Airlines Group’s subsidiary in Colombia is interested in “initiating negotiations” to acquire struggling discounter Viva Air, which filed for protection from creditors last week.
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NewsCathay hits million-passenger mark in January as recovery continues apace
Cathay Pacific carried more than a million passengers in January – for the first time in almost three years – as the airline works to increase capacity “as much as possible” in the coming months following the easing of travel restrictions.
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NewsTUI retains full-year profit hopes after strong bookings start to 2023
European travel firm TUI Group is reporting a strong start to the calendar year for bookings in it’s Markets & Airlines division as it reiterated its group guidance for a significant improvement in underlying EBIT for the year to 30 October 2023.
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NewsJetSmart CEO wants to acquire struggling Colombian discounter Viva Air
The chief executive of Chile’s JetSmart has expressed interest acquiring struggling Colombian low-cost carrier Viva Air after that carrier filed for protection from creditors.
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NewsAir Arabia posts record profit as traffic surged back in 2022
Air Arabia posted record net profits for 2022 as strong demand and expansion into new markets helped the low-cost operator surpass pre-pandemic passenger levels.
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NewsJapan’s Skymark Airlines returns to nine-month profit
Skymark Airlines returned to profitability in its nine-month earnings, buoyed by a return of leisure domestic travel demand.
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NewsHawaiian Airlines pilots accept new contract with 32% pay raise
Pilots at Hawaiian Airlines have approved a new contract which will give them an average pay raise of 32% over four years.
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PodcastAirline Business Podcast: Do airline failures belie brighter outlook?
Graham and Lewis discuss the recent collapses of European carriers Flybe and Flyr, asking whether those developments belie a much brighter outlook for the industry in 2023.
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Airline BusinessInvestors see value in airlines as 2023 outlook improves
Our latest airline share-price tracker reflects positive sentiment towards an industry that has plenty of reasons for optimism heading towards the northern hemisphere summer.
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NewsSIA, Vietnam Airlines eye commercial cooperation
Singapore Airlines and Vietnam Airlines are looking to deepen their relationship, following the signing of a memorandum of understanding (MOU) on commercial collaboration.
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NewsMesa Airlines reports fiscal Q1 loss, braces for breakup with American Airlines
Mesa Airlines Group, parent of US regional carrier Mesa Airlines, reports a modest loss in the first quarter of its fiscal year as it prepares to separate from longtime partner American Airlines in favour of a new deal with United Airlines.
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News‘We messed up’: Southwest executive testifies on airline’s holiday meltdown
A Southwest Airlines executive faced grilling from Washington lawmakers regarding the carrier’s system-wide operational meltdown that resulted in the cancellation of 16,700 flights and stranded hundreds of thousands of air travellers at the end of 2022.
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Airline BusinessAirline Business Covid-19 recovery tracker: February 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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NewsMalaysia Airlines parent rejigs leadership team, group structure
Malaysia Aviation Group (MAG) – the parent company of Malaysia Airlines – has reshuffled its senior leadership team and operating structure, as it hopes to break even by this year.
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NewsFrontier reports $40m profit in Q4, capitalises on ‘strong leisure market’
Ultra-low-cost carrier Frontier Airlines reports a $40 million profit in the fourth quarter of 2022 as it continues to see strong demand for leisure travel.
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NewsSpirit names CFO Scott Haralson as executive vice-president following lacklustre Q4
Shortly after reporting a hefty fourth-quarter loss, Spirit Airlines has moved Scott Haralson into the role of executive vice-president and chief financial officer.
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NewsCanada Jetlines appoints Rossen Dimitrov to board of directors
Start-up leisure carrier Canada Jetlines has appointed longtime airline executive Rossen Dimitrov to its board of directors.
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NewsBritish Airways fills South African partner gap with Airlink codeshare
British Airways has sealed a codeshare agreement with South African carrier Airlink, helping to fill the void left by the collapse of long-standing franchise partner Comair last summer.