All Strategy news – Page 68
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Airline BusinessFedEx outlook fuels concern over air cargo prospects
The bleak economic outlook provided by FedEx at the end of last week served as a reminder to the airline industry that the Covid-era cargo boom is vulnerable to global uncertainties. A $500 million revenue shortfall at air delivery service FedEx Express for the quarter ending 31 August came after ...
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NewsGaruda in profit sharing pact with government asset manager
Garuda Indonesia has signed a deal with Indonesia’s national asset management that will see the carrier receive funds to restore aircraft to service, which will be repaid through a profit sharing scheme on select routes.
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NewsNew discount carrier Canada Jetlines makes first passenger flight
Startup airline Canada Jetlines completed its first passenger flight on 22 September, with its orange, white and blue Airbus A320 making the connection between Toronto Pearson International airport and Calgary International airport.
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NewsAir Arabia to launch joint-venture carrier in Sudan
Air Arabia Group has announced plans to launch an airline in Sudan via a joint venture with local conglomerate DAL Group. To be based at Khartoum International airport, Air Arabia Sudan will operate a fleet of “new Airbus A320 jets” and will adopt the low-cost business model operated by Air ...
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Airline BusinessHow far have airlines climbed back from the crisis?
Revenues among leading operators jumped more than a third last year, while losses were stemmed after the heavy post-pandemic bleeding. However, it remains a lengthy road back to full recovery and the profitable heights the industry enjoyed before Covid hit
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NewsCathay Pacific profitable since July: HSBC Global Research
Cathay Pacific “has been turning” a profit since July, analysts from HSBC Global Research believe, as Hong Kong continues to ease pandemic-related restrictions.
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NewsAzul to remove 12 E195s from passenger-aircraft service
Brazilian discount airline Azul will remove 12 Embraer 195s from its fleet of passenger aircraft before the end of 2022, moving to sell some of the jets and convert others to freighters.
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NewsAirlines will need larger jets like updated A380: Emirates’ Clark
Emirates Airline president Tim Clark fears the industry’s shift away from the largest aircraft types could leave carriers short on seats in the coming decades, potentially leading to “enormously high fares”.
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NewsSwelling pilot pay could force US regionals to contract, impacting communities: CEOs
Higher pilot pay rates at regional airlines could become a problem as carriers seek to balance a pilot shortage with maintaining flights to smaller US communities.
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NewsTUI sees strong summer peak despite lingering disruption
European travel firm TUI expects its Markets & Airlines division will be “significantly profitable” despite airport disruptions for the quarter ending 30 September, the company says a pre-close of financial year statement.
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NewsJetBlue-Spirit deal will leave Frontier like ‘Southwest in the late ’80s’: CEO
Frontier Airlines’ chief executive insists a JetBlue Airways-Spirit Airlines tie up will give his company a cost advantage better than any a US carrier has enjoyed for decades.
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NewsRex gets final regulatory nod for National Jet acquisition
Australia’s Regional Express expects to complete its acquisition of charter operator National Jet Express by the end of the month, after gaining final regulatory approvals.
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NewsCathay Pacific ups capacity forecast though full recovery ‘will still take some time’
Cathay Pacific has revised upwards its capacity forecast for the year-end as Hong Kong eases travel curbs, though the carrier – citing “operational complexities” – warns that a full recovery “will still take some time”.
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NewsGol agrees to pay $41.5m to settle corruption charges: SEC
Brazil’s Gol Airlines will pay $41.5 million to US authorities stemming from corruption charges relating to violations of the US Foreign Corrupt Practices Act (FCPA) in 2012 and 2013.
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Airline BusinessAirlines continue to see mixed traffic returns from pandemic
While traffic among all passenger carriers irrespective of business model or geography was hit abruptly and heavily by the pandemic, the recovery has been far more nuanced in the pace and extent to which it has returned.
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NewsAir New Zealand quashes Virgin Australia merger talk
Air New Zealand has refuted an Australian news report that it is in talks with Virgin Australia over a possible merger.
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NewsChorus Aviation names new CEO as Joseph Randall steps down
Chorus Aviation chief executive Joseph Randell plans on retiring in early 2023 and is set to be succeeded by chief operating officer, Colin Copp.
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NewsAegean full-year profit hopes boosted by strong second quarter
Greek carrier Aegean Airlines returned to profit in the second quarter after trebling revenues following a strong jump back in demand.
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NewsUnited views Flydubai deal as crucial to broader pact with Emirates
United Airlines’ new codeshare deal with Emirates Airline includes a related agreement with Flydubai that United views as particularly valuable in expanding its international reach.
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NewsAirAsia’s Singapore flights to surpass pre-pandemic frequencies by year-end
AirAsia Aviation Group expects the number of weekly flights from Singapore to surpass pre-pandemic numbers by the end of the year, as it looks to – for the first time – operate widebodies on flights to the city state.