All Strategy news – Page 82
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Airline Business
Icelandair chief on Covid recovery, Max jets, 757s, cargo and competition
With the group restructured during the pandemic, Icelandair under Bogi Nils Bogason is emerging as a streamlined, aviation-focused business with a decision ahead on its future fleet
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Air Baltic leases jets including Ukraine International 737 amid lack of A220 spares
Global supply chain issues mean Air Baltic is looking to airlines including Ukraine International Airlines for short-term leased capacity as maintenance schedules for its own jets are extended.
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Spirit confirms it rejected JetBlue’s offer due to anti-trust concern
Spirit Airlines confirms it declined JetBlue Airways’ takeover bid due to concern that the proposed merger would not receive Department of Justice (DOJ) anti-trust clearance.
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Spirit board rejects acquisition by JetBlue, moves ahead with Frontier combination
Spirit Airlines has rejected an acquisition proposal from JetBlue Airways, saying its board of directors favours a competing proposal under which Frontier Airlines would acquire the budget carrier.
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Qantas to launch Project Sunrise flights in 2025 as airline locks in A350 orders
Qantas has confirmed its order for 12 Airbus A350-1000s for its ultra-long-haul Project Sunrise initiative, with the first flights from Sydney to New York and London slated for a late-2025 launch.
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Latin carriers Avianca and Viva strike joint ownership deal
Owners of Avianca and the low-cost operator Viva have struck a deal to to form a joint holding company in a move to provide greater financial stability for the Latin American carriers post-pandemic.
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SkyWest ‘working with’ charter operators to cover EAS routes
SkyWest Airlines is “working with” charter operators that could take over some of the Essential Air Service (EAS) routes that it intends to cut owing to a shortage of flight deck personnel.
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SkyWest revenue, block hours rise in first quarter
SkyWest Airlines saw revenue and block hours rise as demand for regional services increased during the first quarter.
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Frontier Q1 earnings took hit from Omicron, weather and ATC delays
Ultra-low-cost carrier Frontier Airlines says customer demand is “on a solid path to recovery” after first quarter earnings took a hit from Covid-19’s Omicron variant coupled with air traffic snarls and weather issues in Florida.
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Southwest Airlines aims to be ‘solidly profitable’ in 2022
Southwest Airlines hopes to be “solidly profitable” for the full year as the company bounces back from a rocky first quarter.
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Turkish Airlines Q1 profit jumps on strong cargo and recovering demand
Turkish Airlines posted an improved profit for the first three months of 2022, driven by a continued strong performance in cargo and higher demand as Covid travel restrictions eased further.
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Airline Business
On first anniversary, Avelo embarks on Orlando expansion as CEO eyes more growth
Exactly one year after its launch, Avelo Airlines has embarked on major expansion, disclosing plans to establish a base at Orlando, add Wilmington (North Carolina) its network and launch several new routes.
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Domestic revenue boosts Gol’s Q1 earnings
Domestic sales boosted Brazil’s Gol airlines’ first quarter earnings as it finalised a codeshare agreement with American Airlines and launched a cargo collaboration.
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Russia’s Aeroflot suspended from SkyTeam alliance
Aeroflot has had its membership of global alliance SkyTeam temporarily suspended amid the continued fallout of global sanctions impacting the country’s operators following Russia’s invasion of Ukraine.
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Full domestic recovery drives Aeromexico’s Q1 revenue
Grupo Aeromexico, the parent company of Mexico’s legacy carrier Aeromexico says a total domestic recovery – coupled with a significant jump in international markets – has helped it almost double revenue during the first quarter.
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Volaris ‘well-positioned’ for a successful summer travel season
Ultra-low-cost carrier Volaris anticipates lower coronavirus infections and ongoing strong demand for leisure travel to Mexico will make for a successful summer season.
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Hawaiian projects record domestic demand in Q2
Hawaiian Airlines expects record revenue from its domestic operations in the second quarter of 2022, as well as an increase in international demand as the year progresses and travel rules are eased.
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Air Canada Q1 ends on positive note, upward trajectory continues
Air Canada says that after an Omicron-fuelled dip in the first weeks of the year, the first quarter of 2022 ended on a positive note, and it expects that momentum to continue.
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JetBlue cuts Q2 capacity growth as it attempts to ‘create resiliency’
JetBlue Airways will cut capacity growth as it looks to “create resiliency” in its operations ahead of what promises to be a busy summer travel season.
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UK airlines baulk at Heathrow’s downbeat winter travel outlook
An association representing UK airlines does not share the downbeat winter season outlook released by Heathrow airport this week, accusing the London hub of seeking to “drive up passenger charges”.