All Strategy news – Page 79
-
NewsSpirit, JetBlue trade more barbs in takeover saga
JetBlue Airways and Spirit Airlines have traded more barbs as the Spirit board continues to fend off a JetBlue hostile takeover attempt, and move forward with its proposed merger with Frontier Airlines.
-
NewsCiting airlines, US attorney commits to enforce antitrust law
A top US attorney has specifically called out the airline industry when stressing that the US government will continue fighting against business practices it considers anti-competitive.
-
NewsEasyJet eyes growth at slot-constrained airports through A319 up-gauge
Low-cost carrier EasyJet is citing its ability to up-gauge from smaller Airbus A319s as providing an opportunity to lift capacity in the coming years as part of its strategy of growing at slot-constrained airports.
-
NewsEasyJet narrows first half loss as capacity nears pre-crisis return
UK budget carrier EasyJet expects load factors to exceed 90% on capacity almost back at 2019 levels during the peak summer quarter, though it has stopped short of providing profit guidance for its financial running to 30 September 2022.
-
NewsAirline unions favour Spirit-Frontier tie-up
Unions representing US airline workers are voicing support for a Frontier Airlines-Spirit Airlines tie-up, while expressing opposition to JetBlue Airways’ competing hostile offer for the ultra-low-cost carrier.
-
NewsSurf Air to become public company, acquire Southern Airways
US aviation company Surf Air Mobility has unveiled plans to both become a publicly traded company and to acquire regional US carrier Southern Airways.
-
NewsCMA CGM set to take stake in Air France-KLM under long-term cargo partnership
French logistics firm CMA CGM is to take up to a 9% stake in Air France-KLM as part of new long-term partnership under which they will work together operating their respective air cargo capacity.
-
NewsChina Southern latest Chinese carrier to cut 737 Max from fleet outlook
China Southern Airlines has excluded the Boeing 737 Max aircraft from its near-term fleet forecasts, the latest in a string of Chinese carriers to do so, amid uncertainty over the type’s return to service in one of Boeing’s key markets.
-
NewsUnited executive does not foresee changes to USA’s pilot-qualification rule
Comments made by a top US airline executive suggest efforts to ease flight-hour rules for new pilots might lack support from at least one major US carrier.
-
NewsJetBlue accuses Spirit of bad faith in negotiations
JetBlue Airways has come out swinging against Spirit Airlines just days after launching its hostile takeover plan in an attempt to beat out Frontier Airlines in the increasingly bitter tug-of-war for the Florida-based ultra-low-cost carrier (ULCC).
-
NewsWizz Air to establish Maltese unit
Central European budget carrier Wizz AIr plans to establish a Maltese airline unit later this year.
-
NewsSpirit will review JetBlue’s new offer, advises shareholders to sit tight
Spirit Airlines says it will review a new hostile takeover offer from JetBlue Airways but advised shareholders to take no action at this time.
-
NewsGol CEO Kakinoff to step down, Ferrer to take helm
Longtime Gol chief executive Paolo Kakinoff will step down from his post in July, with current chief operating officer Celso Ferrer to succeed him as CEO.
-
NewsJetBlue urges Spirit shareholders to scuttle planned Frontier acquisition
JetBlue Airways has launched another push to take over Spirit Airlines by urging the low-cost carrier’s shareholders to vote against a planned acquisition by Frontier Airlines.
-
NewsO’Leary sees strong summer peak but cautions recovery is still ‘fragile’
Ryanair chief executive Michael O’Leary says the carrier is reluctant to offer profit guidance for the coming financial year based on the “fragile” nature of the travel industry’s recovery and the potential for future headwinds such as a recession or a resurgence of Covid-19.
-
NewsNorwegian talks to Airbus and Boeing over desire to own 'maybe over 50%' of its fleet
Scandinavian low-cost carrier Norwegian has ambitions to own a significant proportion of its fleet, as looks beyond the leased capacity already secured for the 2023 summer season.
-
NewsCopa touts business model in the face of Abra challenge
Copa Airlines is confident it can overcome challenges the new tie-up between Avianca and Gol will present in Latin America, though the deal does create uncertainty about Copa’s planned joint venture with Avianca and United Airlines, Copa’s chief executive says.
-
NewsScoot chief to take the helm of Air India
Scoot chief executive Campbell Wilson is to step down from the SIA Group low-cost unit in mid-June to head newly-privatised Air India.
-
NewsCopa posts $20m profit in first quarter, warns of high jet fuel prices
Copa Holdings, the parent of Panama’s Copa Airlines, says the first quarter of 2022 was profitable, but higher jet fuel prices will weigh on earnings during the next few months.
-
NewsSpirit shareholders will vote on Frontier proposal on 10 June
Spirit Airlines’ shareholders will vote on the acquisition proposal from Frontier Airlines early next month, the company has said in a filing with the US Securities and Exchange Commission.