All Strategy news – Page 206
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News
Atlas earnings dampened by trade headwinds in second quarter
Atlas Air Worldwide Holdings swung to profit during the second quarter despite drags on earnings including trade tensions, higher heavy maintenance and lower cargo and passenger flight demand from its military customers.
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News
Cathay Dragon to operate seasonal Niigata, Tokushima flights
Cathay Pacific's subsidiary Cathay Dragon is starting two routes during the winter season, with flights from Hong Kong to Niigata and Tokushima in Japan.
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Airline Business
Chastised Garuda forced to eat humble pie
As an airline accustomed to reporting losses, the pressure on Garuda Indonesia to show that it was making money in 2018 must have been huge for it to turn to some creative accounting – a move that has now backfired on it.
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News
Regulator flags concern over Qantas buying Alliance stake
The Australian Competition and Consumer Commission (ACCC) has flagged concerns that Qantas's acquisition of a 19.9% stake in Alliance Airlines in February could reduce competition on some scheduled routes and in the charter market.
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Air France evaluates A330neo as A380 replacement
Air France-KLM intends to replace the French flag carrier’s fleet of 10 Airbus A380s with no more than nine long-haul twinjets.
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News
Vietnam Airlines weighs narrowbody, regional jet options
Vietnam Airlines is exploring an order for 50 narrowbodies and up to 15 regional jets as it puts plans for a long-range widebody on the backburner.
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News
Garuda unlikely to breach debt covenants as outlook brightens
Garuda Indonesia is optimistic that it will not breach key debt covenants as its financial situation is looking stronger this year.
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News
Hawaiian forecasts revenue dip as Q2 profit slides
Hawaiian Airlines forecast declines for its third quarter while reporting $57 million in net profit for the second quarter, lower than $79 million during that quarter in 2018.
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News
Air Canada extends 737 Max cancellations amid Q2 profit
Calgary-based carrier Air Canada is extending the grounding of its 24 Boeing 737 Max aircraft until January.
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News
Air France-KLM signs for up to 120 A220s
Air France-KLM has signed for up to 120 Airbus A220-300s as part of a fleet renewal plan disclosed today.
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News
Philippine Airlines names Santa Maria as president
Philippine Airlines (PAL) has named Gilbert Santa Maria as its new president and chief operating officer.
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News
PICTURES: British Airways takes delivery of first A350
British Airways has taken delivery of its first Airbus A350-1000, debuting its new business-class seat.
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News
WestJet returns to profit, nears Onex acquisition
WestJet returned to a second-quarter profit this year, while also moving one step closer to being acquired by private equity firm Onex by the end of 2019..
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News
Hainan Airlines warned for busting guarantees limit
The China Securities Regulatory Commission (CSRC) has issued Hainan Airlines a warning about the level of guarantees it provided to subsidiaries in 2018.
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News
Alliance gains two year extension to BHP Iron Ore contract
Alliance Airlines will continue to provide fly in, fly out charter services from Perth to BHP’s Coondewanna and Barimunya mines for two more years.
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Airline Business
ANALYSIS: Indian carriers put Jet's demise behind them
The demise of Jet Airways has opened up new international opportunities for India’s remaining airlines, with most airlines grabbing the opportunity with both hands.
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News
Cobham eyes spin off Australian unit ahead of buyout
QantasLink and resource charter operator Cobham Aviation Services Australia looks likely to be sold after its UK parent company agreed to a £4 billion ($5 billion) takeover deal with US private equity firm Advent International.
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News
Spirit warns of cost creep, reliability woes as Q2 profit jumps
Spirit Airlines forecasts higher costs and more cancelled flights for the rest of 2019 as it aims to reconfigure its flight plans and factor in challenging weather conditions as the ultra-low-cost airline adapts to its expanding network and new routes.
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News
737 Max grounding prompts Southwest to cease Newark service
Southwest Airlines will end service at Newark Liberty International airport on 3 November in response to constraints created by the grounding of the Boeing 737 Max, the airline says on 25 July.
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News
Morgan Stanley to advise on Malaysia Airlines options
Malaysia’s sovereign wealth fund Khazanah has appointed Morgan Stanley to explore strategic options to turn beleaguered flag carrier Malaysia Airlines around, even as it does not rule out being a minority shareholder.