Latest stories – Page 6
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Airline BusinessWeek 32 2024: More earnings after European consolidation setback
The second-quarter earnings season continues this week, after last week saw IAG end its bid for Air Europa
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Airline BusinessAllegiant focuses on revenue initiatives as it awaits first 737 Max
Allegiant Air is still waiting for its first Boeing 737 Max, which could be a blessing in disguise as it manages through the challenges facing the US low-fare air-travel market.
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Airline BusinessAirline news digest: 27 July to 2 August 2024
Our regular rundown of the biggest airline stories from the past seven days
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Airline BusinessIAG still wants Madrid to reach hub ‘first division’ despite ending Air Europa deal
Iberia owner IAG still has big ambitions for Madrid as a hub – and potentially in the M&A sphere – after announcing the termination of its deal to acquire the remaining 80% of Spanish carrier Air Europa
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Airline BusinessSpirit defers Airbus deliveries and cuts pilots in turnaround push
Two days after introducing products to attract “premium leisure” travellers, Spirit Airlines says it has deferred deliveries of new Airbus jets and is furloughing pilots, moves coming as Spirit continued bleeding cash in the second quarter.
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Airline BusinessConstrained Wizz Air sees yield softness after ‘unprecedented’ Ryanair fare reductions
Wizz cited “lower close-in pricing” amid competitive pressure caused by Ryanair’s “unprecedented” fare reductions in recent weeks, prompting it to lower its unit revenue and full-year profit guidance.
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Airline BusinessYields hold strong for Japanese majors as uneven recovery continues
While its peers around the region warn of declining yields, Japan’s two largest carriers appear to buck the trend with yields holding strong – even on their domestic networks.
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Airline BusinessWhy Lufthansa Airlines is suffering more than other airlines in the group
On the one hand, the narrative accompanying Lufthansa Group’s second quarter results today is in line with that given by other airlines to report during the April-June period.
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Airline BusinessWhy Rex’s attempt to take on Australia’s jet duopoly ended in failure
Rex’s short-lived foray into mainline operations fails to gain altitude after regional carrier files for voluntary administration. Where did it go wrong?
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Airline BusinessJetBlue reveals broad strokes of ‘JetForward’ turnaround plan
JetBlue Airways has a name for the transformation plan it has teased since dropping plans to merge with Spirit Airlines in March: “JetForward.”
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Airline BusinessSpirit Airlines rolls out new fare bundles and blocked seats in up-market bid
Spirit Airlines has revealed several changes aimed at shifting its product up-market, revealing plans to create dedicated check-in lines for higher-paying customers and to sell new bundled fares targeted at travellers willing to pay more for a better experience.
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Airline BusinessWhat does ANZ dropping sustainability target say about airline net-zero effort?
Air New Zealand’s announcement that it has abandoned a 2030 carbon-intensity target is noteworthy from an airline that is considered among the most proactive in the sustainability sphere
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Airline BusinessSlow business at Farnborough reflects industry taking stock
Perhaps given the glut of aircraft deals and continued challenges facing the manufacturing industry since the pandemic it should not have been a surprise that this year’s Farnborough air show was a quiet one for order activity and news from commercial airframers
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Airline BusinessWeek 31 2024: Airline industry downturn or individual blips?
This week will see a global set of airlines release their second-quarter financials, bringing more commentary on what has so far been a fascinating earnings season.
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Airline BusinessAirline news digest: 20-26 July 2024
Our regular rundown of the biggest airline stories from the past seven days
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Airline BusinessIsom hopes for quick wins as American rebuilds sales and slows capacity growth
While recognising it will take some time to build back its presence in premium indirect sales channel, American Airlines chief executive Robert Isom is hopeful of some early gains after ditching its failing sales and distribution strategy.
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Airline BusinessFour days that brought high-flyers Delta and Ryanair back down to earth
A four-day period beginning 19 July reminded both carriers of the airline industry’s uncanny ability to rain on a parade.
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Airline BusinessTiming counts for Southwest move to ditch flagship seating policy
When an airline drops a policy that has been in place for 50, predominantly financially successful, years and which has set it apart from virtually every other carrier for the last decade, the question of ’why now?’ is understandably high on the list.
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Airline BusinessAir France-KLM drops pace during Olympics but stays on track
The European airline market continues to be an unusually diverse one in performance terms, with Air France-KLM the latest to offer a broadly positive view on underlying demand and yields through the rest of the year.
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Airline BusinessWeiss eyes gains as Virgin Atlantic A330 orders secure fleet renewal completion
Virgin Atlantic’s follow-on order for seven more Airbus A330neos will complete a fleet transition which the airline’s chief executive Shai Weiss believes positions the carrier to meet supply chain and sustainability challenges.