All Strategy news – Page 8
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News
EasyJet chief takes heart from close rejection by pilots of pay deal
EasyJet chief executive Johan Lundgren struck a hopeful note after pilots represented by UK cockpit union BALPA rejected a new pay deal, pointing to the closeness of the vote.
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Airline Business
JetBlue and Spirit network strategies diverge after failed merger
JetBlue has responded to the failure of its proposed acquisition of Spirit Airlines by cutting US flights and beefing up its Caribbean operation, while Spirit has embarked on expansion within the USA.
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News
SIA Group posts record annual profit as North Asia traffic rebounds
A strong rebound in travel demand to North Asia helped Singapore Airlines Group achieve record full-year profits, even as the airline group flags an easing of passenger yields in Asia-Pacific.
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Airline Business
Lufthansa’s delayed Allegris debut shows airlines’ supply chain challenges
Lufthansa’s first aircraft with its new ”Allegris” cabin updates – an Airbus A350-900 – is one of the more-visible examples of the industrial supply chain issues plaguing the post-pandemic airline industry, and are causing big headaches for airlines.
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News
EVA Air orders four more 787-10s
EVA Air has disclosed an agreement for four Boeing 787-10s, boosting its widebody orderbook.
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News
Grupo Aeromexico seeks listing on US stock exchange
Grupo Aeromexico has filed to make an initial public offering, completion of which would see the parent company of Aeromexico traded on the New York Stock Exchange.
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Airline Business
How the US ‘struck out’ on the Aeromexico-Delta joint venture
A fight over the future of US-Mexico air service is ongoing in the corridors of Washington, DC, with the US Department of Transportation (DOT) objecting to new capacity limits at Mexico City’s Benito Juarez International airport by cracking down on airline partnerships.
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News
‘Not our DNA’: Cebu Pacific rules out long-haul foray
Cebu Pacific chief Mike Szucs has ruled out venturing into long-haul operations, despite acknowledging that the “best fare growth” has been seen on these routes in the post-pandemic operating environment.
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News
Gol and Avianca owner Abra to invest in Spanish charter carrier Wamos Air
Abra intends to invest in Wamos Air under a deal both companies say will enable expension, though details remain unavailable
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News
Thai Airways to exit restructuring in 2024 as first-quarter profit shrinks
Thai Airways International expects to wrap up its restructuring this year, capping off close to four years of business rehabilitation following the Covid-19 pandemic.
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News
Cebu Pacific doubles first-quarter profit
Cebu Pacific saw its first-quarter profit double as a jump in revenue – driven by strong passenger travel demand – outpaced an increase in costs.
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News
Alaska and Hawaiian agree not to consummate deal for 90-day period
Alaska Airlines cannot close its acquisition of rival US carrier Hawaiian Airlines until 5 August under an agreement with the US Department of Justice. During a 90-day waiting period that began on 7 May and will end on 5 August, the West Coast carriers cannot complete their proposed $1.9 ...
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News
Korean Air to focus on ‘route profitability’ as capacity nears full recovery
Korean Air will prioritise “route profitability” in light of intensifying global competition, as it saw first-quarter profits improve on the back of strong passenger and cargo demand.
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Airline Business
Sun Country profitable as other US discounters slog through first quarter
As leading ultra-low-cost carriers in the USA embark on wholesale network changes in response to shifting market dynamics, one smaller airline is sticking to its guns.
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News
Bonza unlikely to see return of seized fleet, as grounding drags on
Bonza is unlikely to get its fleet of seized Boeing 737 Max 8 jets back from lessor AIP Capital, adding to the embattled low-cost carrier’s woes as its suspension of operations is extended for another week.
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Airline Business
US airline industry ‘evermore rigged game’ favouring major carriers: Spirit Airlines CEO
Now at liberty to talk freely about the defunct deal with JetBlue, Spirit Airlines’ chief executive Ted Christie alleges that the US airline system is “rigged” against smaller carriers.
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News
US government approves Frontier to use new trade name ‘Frontera’
US discount carrier Frontier Airlines has received approval to use the new trade name “Frontera” for at least some of its operations, though details about the plans remain unclear.
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News
Spirit lost $143m in first quarter as airline pursues cost and capacity cuts
Spirit Airlines lost $143 million in the first quarter of 2024 amid heightened competitive pressures and other factors that have prompted the airline to shrink its operation and to seek out cost savings.
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News
Alaska receives $61m Boeing credit for Max 9 grounding
US carrier Alaska Airlines has received an additional $61 million in credits from Boeing as compensation for the mid-flight blow-out of a door plug on Alaska flight 1282 and subsequent grounding of its 737 Max 9s
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News
LATAM Airlines Group first-quarter profit reaches $258m
LATAM Airlines Group reported a first-quarter profit of $258 million, a record for the period, profiting of ongoing strong demand during Latin America’s high travel season.