All Strategy news – Page 62
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NewsUK regulator flags competition concerns over Asiana-Korean Air merger
UK competition regulators have given merging carriers Asiana Airlines and Korean Air until 21 November to submit proposals to address concerns it has raised around the impact of their tie-up on the London-Seoul route.
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Airline BusinessHow Singapore Airlines Group is reaping returns after Covid crisis
From the early days of the coronavirus pandemic in 2020, the Singapore Airlines Group (SIA) has stayed one step ahead of the game, putting it in a good position to reap 2022’s rebound in air travel.
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NewsPAL parent posts Q3 profits as passenger revenue triples
PAL Holdings was in the black in its third-quarter earnings, retaining its profitable streak amid a three-fold jump in passenger revenue.
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NewsAir Astana to lease three Boeing 787-9s
Air Astana has signed a deal take three Boeing 787-9s through lessor Air Lease as it continues with its fleet-upgrade programme.
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NewsQatar Airways chief defiant as airport expansion opens on eve of World Cup
Qatar Airways chief executive Akbar Al Baker was in a defiant mood as he helped to officially open an expansion of Doha’s Hamad International airport on the eve of the FIFA World Cup in the country.
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Airline BusinessChina’s ‘dismal’ performance weighs on global airline traffic recovery
The latest data from IATA shows how far China is lagging the recovery being seen in other markets around the world, as government policy continues to limit international and domestic travel.
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NewsAzul’s Q3 revenue up 61% on leisure-travel demand
Demand for leisure travel and a shift in working behaviour pushed Brazilian airline Azul’s third-quarter revenue to a new record, yet the company still lost R1.65 billion ($308 million) in the period.
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NewsAir Arabia reports Q3 revenue ahead of 2019 level as Fly Jinnah begins operations
Air Arabia Group’s third-quarter revenue of Dhs1.61 billion ($436 million) was 12% up on the same period of 2019, as the low-cost group benefited from the recovery in air travel demand. It outlined its July-September earnings on 9 November, days after its latest joint-venture operation, Pakistani carrier Fly Jinnah, commenced ...
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Airline BusinessLatin carriers re-emerge from crisis but with fresh uncertainties ahead
Passenger numbers are back to pre-pandemic levels in Latin America and financial restructurings are completed. Now attention is turning to consolidation and partnership to help airlines in the region better weather challenges ahead, be they familiar local issues like high taxes and inflation, or the fresh global economic headwinds.
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NewsCebu Pacific narrows quarterly loss as revenue jumps five-fold
Cebu Pacific trimmed its operating loss for the third quarter on the back of a significant increase in passenger travel revenue, despite it being a “lean season”.
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Airline BusinessLatest Airline Business Index shows Q3 revenue matched pre-Covid level
The latest Airline Business Index shows the global airline industry’s revenue during the third quarter of 2022 matched that seen in the same month of 2019, marking the first time any of the four measures have achieved that milestone since Covid-19 hit.
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NewsAvianca slams Colombian authorities for blocking plan for ‘rescuing’ Viva Air
Avianca has slammed an 8 November decision by Colombia’s civil aviation authority to block its planned tie up with financially struggling low-cost competitor Viva Air.
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NewsLATAM cuts Q3 losses as revenues almost back to pre-pandemic levels
LATAM Airlines Group revenues moved to within 3% of pre-crisis levels in the third quarter as it posted an adjusted operating profit of $63 million for the period.
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NewsColombian regulators reject Avianca-Viva Air tie up
Colombia’s aviation regulator has rejected a tie-up between Avianca and financially strapped low-cost carrier Viva Air.
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NewsIndiGo still cool on hedging despite fuel and currency challenges
IndiGo remains unconvinced that fuel and foreign exchange hedging would be beneficial to the business, despite such costs weighing heavily on its financial performance in its fiscal second quarter.
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NewsPorter expands in Ottawa to service growing fleet
Canadian regional carrier Porter Airlines is expanding with a C$65 million ($48.2 million) facilities upgrade at Ottawa International airport.
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NewsWestJet to use SAF for flights from San Francisco to Calgary
Canadian passenger carrier WestJet has committed to temporarily operating flights from San Francisco to Calgary using sustainable aviation fuel (SAF).
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NewsIndiGo reels from currency impact as Q2 net loss hits Rs15.8 billion
Low-cost carrier IndiGo reported a net loss of Rs15.8 billion ($192 million) for the three month period ending 30 September, as currency losses and fuel costs weighed on the operator’s performance during what is seasonally its weakest quarter.
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NewsSingapore Airlines reports highest-ever group operating profit and revenue for Q2
Singapore Airlines Group recorded its highest-ever operating profit and revenue for its fiscal second quarter, despite passenger capacity and traffic still being significantly down on pre-Covid levels.
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NewsTurkish Airlines reports Q3 net profit of $1.5bn as passenger revenue surges
Turkish Airlines has reported a net profit of $1.5 billion for the third quarter of 2022, as capacity, traffic and yields – as well as costs – surged beyond pre-Covid levels.