All Strategy news – Page 78
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NewsTransat recovers fiscal Q2 revenue, sees further improvement this summer
Transat AT, parent of Canadian holiday specialist Air Transat, reports stronger fiscal-year second quarter results and is expecting summer travel to return to near-normal levels.
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NewsComair on the brink after failing to secure fresh funding
Grounded South African operator Comair is set to be liquidated as the carrier’s administrators have concluded there is “no reasonable prospect” it can be rescued after failing to secure the necessary additional funding.
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PodcastAirline Business Podcast: Disruption blame game and sustainability action plans
Graham and Lewis consider the blame game that is emerging as airlines and the wider air travel sector grapple with operational challenges.
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NewsSpirit delays shareholder vote on Frontier acquisition
In the latest twist in the drama around Frontier Airlines’ proposed acquisition of ultra-low-cost carrier Spirit Airlines, Spirit has delayed a key shareholder vote that had been scheduled for later this week.
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NewsJetBlue sweetens offer to purchase Spirit
JetBlue Airways has sweetened its offer to purchase Spirit Airlines by agreeing to pay a $350 million fee if regulators torpedo the deal due to anti-trust reasons.
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NewsSpirit’s planned combination with Frontier faces fresh opposition
Spirit Airlines is facing fresh opposition to its planned acquisition by Frontier Airlines, with investors suing to stop the deal and a management consulting firm recommending against it.
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Airline BusinessAirlines grapple with cancellations, queues and government gall
There appear to be no simple answers to the operational challenges being experienced by the air transport industries in countries such as Canada, Ireland, the Netherlands, the UK and the USA.
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NewsDelta still in talks with Boeing over 737 Max order
Delta Air Lines is continuing talks with Boeing about an order for 737 Max jets, the carrier’s chief executive Ed Bastian confirmed on 1 June.
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NewsComair forced to suspend flights as it seeks fresh funds
South African carrier Comair has suspended scheduled flights as it bids to secure additional funding to enable it to resume services.
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NewsSwiss WorldCargo joins Cathay, Lufthansa Cargo tie-up
Cathay Pacific and Lufthansa Cargo have added Swiss WorldCargo to their joint air cargo business arrangement.
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NewsNorwegian agrees deal to buy 50 737 Max 8s
Restructured low-cost carrier Norwegian has struck a preliminary agreement to acquire 50 Boeing 737 Max 8 for delivery from 2025 through to 2028.
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NewsJetBlue accuses Spirit’s board of conflicts of interest
An “entrenched” board of directors with ties to Frontier Airlines is behind Spirit Airlines’ disinterest in a proposed acquisition by JetBlue Airways.
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NewsClimbing revenues help Aegean to narrow first-quarter loss
A sharp jump in revenues enabled Greek carrier Aegean Airlines to narrow losses against 2021 in its low-season first quarter.
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NewsOmicron-hit drags IndiGo to deeper full-year loss
Indian low-cost carrier IndiGo lost Rs61.6 billion ($795 million) for the year ending 31 March 2022 after a wave of Omicron-variant Covid-19 infections hit its fiscal fourth-quarter performance.
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NewsLufthansa confirms joint bid submitted for Italian carrier ITA
Lufthansa has confirmed it has submitted a joint bid with Swiss shipping firm MSC Group for a stake in ITA Airways, though will not be drawn on reports the partners are looking to take a combined 80% holding in the new Italian carrier.
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NewsAir France commits to first class with cabin refresh for winter 2023
Air France has underlined its commitment to a first-class product offering by detailing its intention to debut a refreshed La Premiere cabin for the 2023/24 winter season.
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NewsAir France-KLM launches €2.2bn capital increase
Air France-KLM has launched a capital increase to existing shareholders to raise €2.26 billion ($2.4 billion) aimed at repaying state aid secured during the pandemic
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NewsAir France-KLM in talks with Apollo over €500m capital injection
Air France-KLM has entered into exclusive talks with private equity firm Apollo Global Management over a €500 million ($527 million) capital injection to an Air France operating affiliate as part of further steps to repay state funds secured during the pandemic.
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Airline BusinessAirline tie-up moves show fresh post-pandemic path to partnerships
Air France-KLM’s long-term partnership with French shipping and logistics specialist CMA CGM is further evidence of the variety of approaches to partnerships emerging in the pandemic recovery stage.
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NewsIATA urges Latin American governments to dump Covid travel restrictions
Airline and aviation groups are calling on Latin American and Caribbean governments to ditch Covid-19-related travel restrictions, saying the region’s aviation industry cannot recover with restrictions in place.