All Strategy news – Page 89
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NewsMesa reports fiscal Q1 loss as Omicron and pilot attrition hit earnings
Regional carrier Mesa Airlines reported a loss for the first quarter of its fiscal year as the company struggled with staffing issues stemming from the Omicron variant of Covid-19 as well as pilots leaving for larger carriers.
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NewsSilver Airways raises capital, adds aircraft and routes
Regional carrier Silver Airways has raised $50 million in capital, added new several aircraft to its fleet and received certification to operate freighter service.
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NewsRegulator backs Condor in Lufthansa feeder flight access dispute
German competition regulators have preliminarily backed leisure carrier Condor in its claim that it should have access to Lufthansa feeder flights for its long-haul operations after the latter terminated a partnership agreement.
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Airline BusinessWhy has Turkish Airlines’ share price rocketed in recent months?
While the majority of global airline groups tracked by FlightGlobal have yet to see their share prices return to anything like pre-Covid levels, Turkish Airlines is a different story.
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Airline BusinessUS start-up Airbahn plans to begin revenue service in ‘May or June’
US start-up carrier Airbahn plans to launch revenue service in the second quarter as it works through the Federal Aviation Administration’s certification process.
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NewsSun Country to ‘grow sensibly’ after reporting small Q4 loss
Sun Country Airlines says it continues to “grow sensibly through the recovery” as it posts a small loss for the fourth quarter of 2021.
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Airline BusinessFrontier-Spirit deal solves several issues in hotly contested ULCC market: analysts
Analysts say Frontier Airlines’ proposed acquisition of Spirit Airlines to create the largest ultra-low-cost carrier (ULCC) in the USA solves a number of potential issues in the hotly-contested low-price segment, which has been ripe for consolidation.
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NewsRedmond to succeed Gallagher as Allegiant chief executive
Long-standing Allegiant Travel chairman and chief executive Maurice Gallagher is to hand the chief executive role to company president John Redmond from June.
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NewsFrontier pitches Spirit acquisition as countering USA’s four mega airlines
Frontier Airlines expects its planned acquisition of Spirit Airlines will generate hundreds of millions of dollars in efficiencies and give the combined carrier the scale needed to better compete against the USA’s four mega airlines.
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NewsAmerican firms $200m Gol investment plan
American Airlines has firmed its planned $200 million investment in Gol, under which it is taking a 5.2% stake in the Brazilian budget carrier.
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NewsFrontier Airlines to buy and merge with low-cost rival Spirit Airlines
Frontier Airlines is to acquire and merge with US ultra-low-cost carrier rival Spirit Airlines in a $6.6 billion deal announced today. Under the terms of the merger agreement, which has been unanimously approved by both companies’ boards of directors, Spirit is valued at $2.9 billion and the transaction has a ...
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NewsVinci expects airports to hit break-even this year after tough 2021 for Gatwick and Japan
Multinational infrastructure firm Vinci expects its airports business to reach break-even on a net basis in 2022, if the public health situation continues to improve. The company – which has 53 airports across 12 countries in its portfolio – says passenger numbers will recover to “around 60%” of 2019 levels ...
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Airline BusinessBoeing 737 Max programme enjoys better news after order setbacks
Boeing’s 737 Max programme has enjoyed a much-needed period of positive news following an inauspicious end to 2021 that saw Air France-KLM and Qantas place significant narrowbody orders with Airbus.
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NewsSkywest posts profit for 2021, plans for looming pilot shortage
Regional carrier Skywest Airlines swung to profit in 2021, but says that the impending pilot shortage will negatively affect its 2022 planning.
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NewsLow-cost unit helps Air Astana top pre-crisis traffic levels in 2021
Air Astana Group topped pre-crisis passenger levels last year in carrying a record 6.62 million, almost half of which flew on its low-cost unit FlyArystan.
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Airline BusinessSingapore Airlines picks up the pace in a world transformed
Singapore Airlines remains a national icon with strong government support and a disciplined management team, but the post-pandemic world promises new challenges.
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NewsAllegiant posts small profit in fourth quarter of 2021
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air posted a small profit in the fourth quarter of 2021, supported by more cost-conscious customers returning to travel.
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NewsANA turns small profit in third quarter while Japan Airlines narrows loss
Japan’s two biggest airline operating groups both reported progress in their recovery from the pandemic in the third quarter, including All Nippon Airways returning to the black for the first time in two years.
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Airline BusinessAirbus tension, Air Italy and Covid: how Qatar Airways’ first 737 Max order hit the buffers
Qatar Airways’ signing of a letter of intent for up to 50 Boeing 737 Max 10 jets on 31 January does not mark the first time the Middle Eastern carrier has looked to Seattle for narrowbodies amid tensions with Airbus.
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NewsRecovering Swiss to end short-time working and recruit cabin crew
Lufthansa Group carrier Swiss International Air Lines is to end the short-time working for all staff brought in to counter the pandemic and is to begin recruiting new cabin crew.