All Strategy news – Page 58
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NewsWinter weather in USA prompts thousands of flight cancellations just in time for Christmas
The winter weather hitting the Midwest and Northeast USA continued disrupting the plans of holiday travellers on 22 December, forecast by the US Federal Aviation Administration to be the busiest during the holiday period.
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NewsCapital A secures six-month extension to file ‘regularisation’ plan
AirAsia parent Capital A has been given until July to submit its “regularisation plan” after securing a six-month extension from the Malyasian stock exchange.
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Airline BusinessAirline Business performance tracker: key data indicators from around the world
The Airline Business perfromance tracker features key data indicators from dozens of airlines around the world, drawing metrics from the most recent earnings season and comparing the figures with equivalent periods back to 2019.
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Airline BusinessAfter all the hype, has the air cargo boom gone away?
The air cargo boom seen in 2021 was always likely to make subsequent years appear weak by comparison.
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NewsMesa Airlines splits with American, strikes deal with United
Mesa Air Group, parent of regional carrier Mesa Airlines, disclosed 19 December plans to end its 30-year partnership with American Airlines in favour of a new, five-year agreement with United Airlines that is still to be finalised.
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Airline BusinessCan the airline industry convince sceptics that it is a friend of the environment?
While there was relief among airlines in October when ICAO adopted a long-term aspirational goal (LTAG) of net-zero carbon emissions from air transport by 2050, the deal concurrently upped the ante for everyone involved.
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Airline BusinessWill airlines defy traditional headwinds to prosper in 2023?
Airlines planning for the year ahead must balance the seeming paradox of continued strong demand and robust pricing with conventional wisdom on what happens to air travel when economic growth goes down and costs go up.
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Airline BusinessUnited places another bumper order under ambitious Kirby
United Airlines’ huge order for Boeing aircraft this week is another statement of intent from the carrier under the leadership of Scott Kirby.
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Airline BusinessLow-cost Avelo Airlines seeks to stand out with culture and routes to underserved airports
While some in the airline industry view the low-cost model as “doomed”, others believe courting cost-conscious leisure travellers is the best strategy now and for the future.
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PodcastAirline Business Podcast: IATA profit hopes, Heathrow, Virgin, A380, United order and Air India
Graham and Lewis discuss IATA’s recent financial forecast for 2023, while also delving into tension over charges at Heathrow, Virgin Atlantic’s strategy, the surprise return of more A380s, and United Airlines’ bumper Boeing order
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NewsOn ‘road to recovery’, Canada’s Air Transat loses C$126 million in fiscal Q4
Transat AT, the parent company of Canadian leisure airline Air Transat, gained ground financially but still posted an loss of C$126 million ($92.2 million) in the company’s fiscal fourth quarter.
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NewsMango sale moves step closer after SAA drops bidder concerns
Administrators of grounded budget carrier Mango Airlines believe the sale of the airline has moved a step forward after existing owner South African Airways dropped its concerns about a planned transaction.
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NewsDelta targets nearly $46bn in 2022 revenue, predicts sustained growth
Delta Air Lines says it expects to reach $45.5-45.6 billion in revenue in 2022, almost as much as it earned in 2019, and raise that figure by 15-20% in 2023 as the carrier predicts a strong and long-lasting post-Covid-19 recovery.
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Airline BusinessUnited aims to leap past US competitors in post-Covid decade with ‘record’ 787 order
United Airlines views its new order for 100 Boeing 787s as a means to leapfrog US competitors through aggressive international expansion as the industry in the coming decade recovers from the Covid-19 downturn.
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Airline BusinessWeathering storms: Avianca survives pandemic, bankruptcy and ‘painful’ changes
The airline recently navigated a series of challenges, from the Covid-19-related travel bans that grounded aircraft throughout Latin America, to financial restructuring and ultimately embracing the model of a discount airline.
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NewsAmerican names May to succeed Kerr as chief financial officer
Long-standing American Airlines chief financial officer Derek Kerr is to step down from 1 January and will be succeeded in the role by Devon May.
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NewsStrong end to 2022 prompts Lufthansa Group to raise full-year profit forecast
Lufthansa Group has raised its full-year operating profit forecast to around €1.5 billion ($1.6 billion), as the final months of 2022 exceed expectations.
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NewsViolent protests halt airport operations in Arequipa
Violent protesters have overrun the airport in Arequipa, Peru, causing the airport’s operator to close the terminal and airlines to cancel flights.
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NewsFinnair extends repayment of €600m loan amid business restructuring
Finnair has extended the period over which it will repay a largely state-guaranteed loan, as it seeks to shore-up its financial position amid the impact of its exclusion from Russian airspace.
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NewsAirAsia Cambodia to be country’s largest carrier: Capital A
Malaysia’s Capital A has outlined the rationale and vision for its new Southeast Asian joint venture carrier, AirAsia Cambodia.