All Strategy news – Page 98
-
News
Cargo lift helps Turkish Airlines top pre-crisis profits in third quarter
Turkish Airlines profits outstripped pre-crisis levels in the third quarter as the carrier benefited from a strong cargo performance.
-
News
No indications of big aircraft orders at Dubai air show: IATA chief
IATA director general Willie Walsh says the “cautious” approach being taken by airlines reduces the chance of any major aircraft orders being announced at the upcoming Dubai air show, despite carriers needing to rebuild their fleets post-Covid.
-
News
Lufthansa chief Spohr sees no let-up in strong cargo demand
While many of the fundamentals underpinning the strong financial performance of air freight have been driven directly or indirectly by the pandemic, Lufthansa Group chief executive Carsten Spohr still sees demand remaining strong even as passenger activities recover.
-
News
Lufthansa still pondering MRO unit options as strengthening efforts continue
Lufthansa Group is still evaluating whether to carry out a partial divestment of its MRO business despite progress on improving its balance sheet.
-
News
Atlas Air tops $1b in quarterly revenues for first time
Atlas Air Worldwide Holdings reported strong third-quarter results as the demand for air freight transportation continues to outstrip supply, and problems with ground-based shipping networks are slowing down the global supply chain.
-
News
Restructured Eurowings leads profit recovery for Lufthansa passenger units
Lufthansa Group chief executive Carsten Spohr believes the Covid crisis has accelerated the recovery of Eurowings, the low-cost unit it now expects to continue in profit after reaching that milestone in the third quarter.
-
News
Lufthansa sees positive trend after returning to profit in third quarter
Lufthansa Group posted a positive adjusted operating profit for first since the pandemic and expects to avoid cash drain in the seasonally tough final quarter of the year.
-
News
AirAsia logistics unit takes first freighter, eyes Airbus orderbook conversion
AirAsia Group’s logistics arm Teleport is considering converting a ‘meaningful chunk’ of AirAsia’s massive order book to freighters in the future, as it takes delivery of its first dedicated cargo aircraft.
-
News
US bankruptcy court approves Avianca reorganisation plan
A US court has confirmed Colombian flag carrier Avianca’s reorganisation plan, clearing the way for the airline to emerge from Chapter 11 bankruptcy proceedings by the end of the year.
-
News
Vietnam Airlines eyes scheduled USA flights from end-November
Vietnam Airlines expects to commence scheduled direct flights between Vietnam and the USA from end-November, after it secures regulatory approval from the US Federal Aviation Administration (FAA).
-
News
FAA proposes to extend required rest for flight attendants
The Federal Aviation Administration is moving forward with a rule mandating that airline flight attendants be given at least an extra hour of rest following duty periods.
-
News
UK regional Loganair narrows full-year loss
Scottish regional carrier Loganair’s turnover for the 12 months to 31 March more than halved to £81 million ($110 million) compared with the previous year, but the airline has credited its adaptability amid the Covid-19 pandemic with helping it reduce its full-year pre-tax loss.
-
News
Maersk orders first 777Fs and leases more 767-300Fs for cargo unit Star Air
Danish logistics firm Maersk has ordered two Boeing 777 Freighters and will lease three more 767-300 Freighters.
-
News
Air Canada recovery ‘decisively underway’
Air Canada’s post-coronavirus recovery progressed in the third quarter after Canada relaxed travel restrictions and travellers began booking air travel in higher numbers.
-
News
Qatar Airways moves A380 to Hamad International airport ahead of service return
Qatar Airways has returned one of its Airbus A380s to Hamad International airport ahead of the type’s return to service for the first time since the beginning of the Covid-19 crisis.
-
News
Sun Country has a ‘great’ third quarter, turning $14m profit
Sun Country Airlines benefited from rebounding leisure traffic during the third quarter of 2021, ending the period with a small profit.
-
News
American Airlines cancels almost 2,300 flights in four days
American Airlines has cancelled 2,291 flights since 29 October as inclement weather and staff shortages threw the airline’s schedule into disarray.
-
News
Domestic lift helps Aeroflot turn a profit for the third quarter
Aeroflot turned a group profit under Russian accounting standards for the first time since the pandemic in the third quarter, driven by a strong domestic traffic performance during the period.
-
News
SkyTeam confirms ITA to replace Alitalia as Italian partner in alliance
SkyTeam has confirmed that new Italian carrier ITA Airways will replace defunct national operator Alitalia in the global alliance.
-
News
Chilean court gives green light to Delta-LATAM joint venture
Chile’s competition authority TDLC has given the green light to LATAM Airlines Group and Delta Air Lines to implement their planned joint venture.