All Strategy articles
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NewsSpirit Airlines expects stock to be de-listed from US exchange amid Chapter 11 proceedings
Days after disclosing plans to restructure through Chapter 11 bankruptcy, Spirit Airlines says it expects to be de-listed from the New York Stock Exchange.
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NewsFormer Lion Air CEO appointed to lead Garuda
Garuda Indonesia has confirmed the appointment of Wamildan Tsani Panjaitan – the former interim chief exeutive of low-cost operator Lion Air – as its new CEO.
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NewsPhilippine carriers warn of revenue pressures as profitability streak continues
Philippine Airlines and Cebu Pacific reported a drop in their third-quarter earnings – despite seeing passenger volume growth – as they warned of “pressures” from falling yields and rising costs.
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NewsAbra chief sees Avianca and Gol stepping up co-operation
Chief executive of Latin American airline holding group Abra Adrian Neuhauser sees more customer-facing co-operation rolling out between partner carriers Avianca and Gol next year.
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NewsPotential restructuring looms as Spirit Airlines misses deadline to file quarterly report
Spirit Airlines has missed its deadline for filing a report on its third-quarter financial results with the US Securities and Exchange Commission (SEC) amid reports that it is considering financial restructuring.
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NewsSIA Group has ‘levers we can pull’ to manage delivery delays: CEO
Singapore Airlines Group has contingency plans in place in light of aircraft delivery delays, such as with Boeing’s 777X programme, says chief executive Goh Choon Phong.
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NewsYield and competition pressure hits SIA Group profits in first half
Singapore Airlines Group reported a significant drop in its half-year profit – from the previous year’s record high – as it flags a “moderation” in passenger yields from “strong” competition.
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Airline BusinessNew chief Greg Anderson wants to restore ‘Allegiant of old’ and grow out-and-back network
Recently installed chief executive Greg Anderson, who has stepped into the shoes of longtime CEO Maurice Gallagher, recently told Airline Business in Las Vegas that the carrier finally sees a path forward.
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NewsDutch challenges evident as Air France-KLM profits fall
Air France-KLM saw its third-quarter earnings impacted by a higher-than-expected cost increase at its Dutch operation, as it gave further details on the “firm measures” it is taking to tackle what it describes as a “structural” challenge
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NewsGol reaches debt-equity deal with Abra Group for Chapter 11 exit plan
Brazil’s Gol and Abra group, the airline’s majority investor, have reached an agreement that will eliminate up to $2.55 billion in debt from the carrier’s books.
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NewsLATAM Airlines Group lifts outlook after third-quarter profit rises to $301m
LATAM Airlines Group profit during the third quarter of 2024 rose to $301 million as the company managed to hold costs in check and profited from greater demand for air travel.
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NewsKorean Air sees 19% profit jump amid cargo, passenger revenue boost
Korean Air significantly bettered its quarterly profit after “successful” passenger capacity expansion, with its cargo operations again providing a significant boost to its earnings.
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NewsSouthwest appoints Rakesh Gangwal as board chair
Southwest Airlines on 4 November disclosed the appointment of Rakesh Gangwal as independent chair of the company’s board of directors, filling the role left vacant by former executive chairman Gary Kelly.
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NewsInvestment firm to acquire air cargo company ATSG for $3.1 billion
New York investment firm Stonepeak has signed an agreement to acquire US air cargo and aircraft leasing company Air Transport Services Group (ATSG) for $3.1 billion under a deal that would make ATSG a private company.
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NewsANA parent sticks to full-year outlook despite dip in six-month profit
ANA Holdings has maintained its full-year earnings forecast amid strong inbound and domestic passenger travel demand, even as its half-year profit slipped.
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NewsHigher fares ‘inevitable’ as KLM slams Schiphol charges increase
Home carrier KLM has hit out at a hike in fees at Amsterdam Schiphol airport, increases it says will make it inevitable that ticket prices will rise.
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NewsSpirit Airlines to furlough further 330 pilots to match drastic capacity cuts
Spirit Airlines plans to furlough a further 330 pilots early next year as it navigates a period of severe financial turbulence.
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NewsWalsh warns aviation supply chain issues could last up to five more years
IATA director general Willie Walsh says that supply chain issues in the aviation industry will continue for up to five more years, causing frustration among airline managers and further pushing back a full post-Covid-19 recovery.
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News‘Frustrating’: JetBlue executives unable to finalise post-2025 plan due to P&W recall
JetBlue Airways has yet to finalise its business plan after 2025 due to what executives describe as a frustrating lack of detail about the long-term operational impact of Pratt & Whitney’s (P&W) ongoing recall of PW1000G engines.
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NewsFrontier’s network and capacity changes start to show in profitable third quarter
Company executives say Frontier Airlines’ network and passenger-capacity pivots are already paying off as parent Frontier Group Holdings posted a modest third-quarter profit of $26 million.