Latest stories – Page 7
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Airline BusinessHow are airlines being affected by the global IT outage?
The global IT outage on 19 July thrust the airline sector into the spotlight as carriers worldwide grappled with associated challenges
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Airline BusinessBack to ‘normal’ at Finnair as pent-up demand dissipates
Finnair is the latest carrier to acknowledge that something more akin to the pre-pandemic ‘normal’ is now setting in for European operators
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Airline BusinessUnited plans to stay ‘ahead of the curve’ by lowering fourth-quarter capacity: Kirby
With much of the US airline industry scrambling to respond to a market flooded with excess passenger capacity, United Airlines’ chief executive Scott Kirby stopped just short of saying “I told you so”.
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Airline BusinessIcelandair continues transatlantic pivot amid seismic uncertainty
As much as Icelandair Group has dismissed suggestions that seismic activity in the country should affect people’s willingness to travel to it, the impact of that situation was clear to see in the business’s latest earnings.
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Airline BusinessSpirit Airlines cuts second quarter revenue expectations
Spirit Airlines has lowered its second-quarter revenue expectation to $1.28 billion from its previous estimate of $1.32-1.34 billion, as non-ticket revenue slipped below anticipated levels.
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Airline BusinessStruggling SpiceJet seeks fresh funds as profitability remains elusive
SpiceJet’s latest financial report – again released after a significant delay – is a reminder of how challenging India’s market can be, whatever potential it holds
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Airline BusinessWeek 29 2024: Earnings season continues after rocky start
The latter half of this week will see more airlines reveal their performances for the April-June period as the earnings season kicks into gear following a rocky start in some cases.
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Airline BusinessAirline news digest: 6-12 July 2024
Our regular rundown of the biggest airline stories from the past seven days
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Airline Business‘We are not happy’: Norwegian chief reflects on second-quarter challenges
Scandinavian low-cost carrier Norwegian observed softer-than-expected demand during the second quarter of this year, as its financial performance was also hit by a string of challenges.
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Airline BusinessMixed picture emerges from Chinese airlines ahead of half-year results
China’s three largest carriers are forecast to continue their loss-making streak in their half-year earnings, in contrast to their smaller compatriots who expect to boost profitability.
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Airline BusinessOversupplied domestic market hammers Delta’s second-quarter profit
Company executives point to US domestic excess passenger capacity as the primary culprit behind slimmer profits.
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Airline BusinessBreeze slams Reagan National entry requirements as major carriers wrangle for new slots
Start-up Breeze Airways and several non-profit groups are criticising as anti-competitive a plan under which the US Department of Transportation (DOT) is allocated additional take-off and landing rights at Ronald Reagan Washington National airport.
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Airline BusinessElliott blasts Southwest anew for ‘profoundly out of touch’ strategic decisions
Elliott Investment Management has refreshed its scathing criticism of Southwest Airlines’ leadership in a letter that characterises the company’s board of directors as “profoundly out of touch” with investors.
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Airline BusinessUS airlines split on second quarter outlook
Delta Air Lines and United Airlines are forecast to lead the pack on profits in the second quarters as US carriers are set to begin reporting financials for the April-June period
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Airline BusinessAirline news digest: 29 June to 5 July 2024
Our regular rundown of the biggest airline stories from the past seven days
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Airline BusinessSpohr sees scale and southern mission giving ITA a chance to prosper as part of Lufthansa
After more than a year of waiting, Lufthansa cannot yet quite begin bringing ITA Airways into the group, even after securing the regulatory green light from the European Commission.
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Airline BusinessAirline leadership lessons from a generation of growth
Reflecting on 25 years of insight into the global airline sector and what it means for strategies today
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Airline BusinessHas marketing become the most risky airline job?
Once considered a glamorous role, airline marketing now requires navigation of sustainability sensitivities
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Airline BusinessAirAsia X underlines its comeback with Nairobi foray
AirAsia X’s launch of direct services to Nairobi shows that the long-haul, low-cost arm of AirAsia is back in growth mode after its near death experience during the coronavirus pandemic.
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Airline BusinessNeeleman readies Breeze for next step as it gets set for international
Three years after launching in the middle of the global pandemic, David Neeleman’s fifth airline start-up, Breeze Airways, has hit profitability and set to launch its first international services.