All Strategy news – Page 59
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NewsJetBlue CEO Robin Hayes gets two-year contract extension
JetBlue Airways chief executive Robin Hayes has received a two-year extension on his employment contract, the airline disclosed in a 9 December filing with the US Securities and Exchange Commission (SEC).
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NewsSpirit Airlines pilots get 27% raise in new ALPA-negotiated contract
Spirit Airlines pilots won a 27% pay raise on 9 December in a tentative new deal reached between union Air Line Pilots Association, International (ALPA) and the airline.
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NewsAmerican and JetBlue expand alliance amid looming antitrust decision
American Airlines and JetBlue Airways are expanding their operating partnership with 11 new routes from Boston and New York as a pending decision in a federal antitrust trial challenging their so-called Northeast Alliance (NEA) looms.
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NewsEU ETS reforms upset Ryanair but draw mixed reaction from airline bodies
A provisional agreement on reform of the European Union’s Emissions Trading Systems with regards to aviation has prompted a mixed reaction from airlines.
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NewsVirgin Atlantic livid as UK regulator details interim Heathrow price cap
The UK Civil Aviation Authority has published proposals for an interim price cap on passenger charges at Heathrow airport for 2023, prompting a predictable backlash from airlines including Virgin Atlantic.
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Airline BusinessIATA’s airline profit forecast comes with downside risks
When global airline association IATA held its first in-person Global Media Day for three years this week, it was able to offer more good news on the industry’s progress out of the Covid-19 crisis.
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News‘Small community air service will be a thing of the past,’ RAA warns policymakers
Warning of a potential collapse of air service to smaller cities and rural areas, the Regional Airline Association calls on US lawmakers to intervene amid “declining connectivity for American communities”.
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NewsSaudia continues seeking new US cargo flights amid government negotiations
Jeddah-based Saudia’s lengthy effort to launch more cargo flights to the USA faces more delays amid apparent broader air-rights discussions between US and Saudi officials.
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NewsMadagascar Airlines to lease three Embraer E190-E2 jets
Madagascar Airlines is to take three Embraer E190-E2 jets from lessor Azorra, an executive from the airframer said on 7 December.
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NewsIATA predicts 4% drop in air cargo volumes next year
Air cargo traffic is predicted to drop by a further 4% next year, while yields and revenues are also expected to weaken compared with this year’s levels.
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Airline BusinessRazor-thin airline industry profit projection for 2023 reflects complex web of factors
It is not for nothing that IATA director general Willie Walsh described the challenges faced by airlines going into 2023 as “complex”.
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NewsAir New Zealand forecasts higher profits amid strong travel demand, fuel price decline
Air New Zealand has raised its half-year profit forecast, on the back of “continued” strong travel demand, as well as a steady decline in jet fuel prices, though it flagged several factors that could affect its profitability in the new year.
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NewsMNG Airlines to list on New York stock exchange
Turkish freight specialist MNG Airlines is to list on the New York stock exchange next year after signing an agreement to go public through a business combination with Golden Falcon Acquisition.
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NewsPorter revamps fares and tweaks onboard product ahead of E-Jet arrivals
Canadian carrier Porter Airways has rolled out new fare bundles and several other product updates, including available fresh meals – changes the company says make its economy class the industry’s best.
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NewsVirgin chief prepped for ‘subdued’ 2023 but no sign yet of bookings impact
Virgin Atlantic chief executive Shai Weiss is braced for a ”subdued” year in 2023 given global economic headwinds and recession in the UK, though he notes the airline has not yet seen these challenges filter through to forward bookings.
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NewsShortage of airframe and engine spares ‘worse than I realised’: IATA chief
IATA director general Willie Walsh has warned that a shortage of airframe and engine spares could weigh on the airline industry’s recovery in 2023.
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NewsIATA forecasts global airline industry will return to profit in 2023
The global airline industry is forecast to achieve a net profit of $4.7 billion in 2023 as the recovery from the Covid-19 crisis continues, according to IATA. That would mark the industry’s first positive result since the pandemic hit in 2020, with airlines on course for a loss of $6.9 ...
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Airline BusinessAirline consolidation comes to the fore in Asia-Pacific
While a consolidation of its various airline interests has been in the works for Tata Sons ever since it acquired Air India in January, confirmation this week of plans to merge Vistara into an enlarged grouping illustrates the scope of ambition for the revamped carrier.
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Airline BusinessHow enlarged Air India sets up two-horse race in Indian market
The consolidation of Tata Group’s airline units stands to transform India’s airline sector, and ratchet up the pressure on smaller carriers.
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NewsAirAsia Aviation sees ‘encouraging’ tailwinds as group returns to black
AirAsia Aviation Group expects further improvement in its performance in the near-term, helped by a continued upswing in travel demand, as the group’s carriers remained profitable for a second consecutive quarter.