All Strategy articles – Page 11
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NewsSIA, Riyadh Air ink agreement for potential commercial partnership
Singapore Airlines has signed a memorandum of understanding with soon-to-launch Riyadh Air to explore a potential commercial partnership.
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NewsRwandAir’s Makolo tells airline industry to ‘get on with it’ on diversity
RwandAir chief executive – and outgoing chair of the IATA board of governors – Yvonne Makolo believes the airline industry still has a long way to go on improving its record on diversity
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NewsEmirates president laments lack of airport investment in Europe and USA
Emirates Airline president Tim Clark has contrasted the investment in airports in the Middle East and Asia with activity in other regions, saying the latter are failing to keep pace.
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NewsLufthansa, KLM and SAA pay $900m for ‘extreme delays’ in refunding passengers
The US government has secured more than $900 million in refunds for passengers who faced “extreme delays” in receiving compensation from for Covid-19-related flight changes and cancellations.
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NewsCanada Jetlines seeking new chief executive with Eddy Doyle due to depart
Eddy Doyle, the founding chief executive of Canadian leisure and charter carrier Canada Jetlines, is retiring from the company on 30 June.
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NewsJetBlue second-quarter capacity and revenue to decline less than previously expected
JetBlue Airways has revised its second quarter capacity and revenue guidance as it claims “strong operational performance” so far during the second three-month period of 2024.
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NewsSpirit Airlines names Brian McMenamy as its new financial chief
Spirit Airlines has named Brian J. McMenamy as new chief financial officer after the company’s previous CFO Scott Haralson resigned to pursue another opportunity at ”a larger, publicly traded company outside of the airline industry”.
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NewsSpohr expects ‘direction’ of Commission decision on ITA deal this week
Lufthansa Group chief executive Carsten Spohr expects to get an indication this week from the European Commission on its decision regarding the group’s planned move to acquire a stake in ITA Airways.
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NewsOman Air set to simplify fleet
Oman Air is set to simplify its fleet over the coming months and is likely to base its widebody operations around one type.
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NewsIATA boosts airline profit forecast to $30.5bn
IATA is now forecasting that the global airline industry will this year exceed the profitability it achieved in 2023, although it notes that margins remain thin.
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NewsFiji Airways to become Oneworld’s 15th full member airline
Fiji Airways will transition from being the Oneworld Alliance’s connecting partner to its 15th full member carrier.
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NewsEmirates has observed rise in turbulence incidents: Clark
Emirates has observed an increase in the amount of turbulence on its flights, prompting the industry to ‘up its game’, according to airline president Tim Clark.
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NewsSAS chief sees ‘no issues’ with approval of Air France-KLM minority stake
Chief executive of Scandinavian operator SAS, Anko van der Werff, does not expect any issues with securing European Commission approval for Air France-KLM’s planned minority investment in the carrier.
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NewsCathay to announce mid-sized widebody replacement ‘within the year’
Cathay Pacific intends to make a decision on its future mid-sized widebody fleet by the end of the year, as it maintains its full recovery projection for the first quarter of 2025.
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NewsNigeria pays up but airlines still face $1.8bn in blocked funds
Blocked airline funds have fallen by 28% after Nigeria cleared most of its backlog but the issue continues to be acute in several countries, particularly Pakistan and Bangladesh.
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NewsAirAsia Aviation posts record quarterly earnings amid strong passenger growth
AirAsia Aviation reported its highest-ever quarterly financial results, on the back of sharp rise in revenues, and despite operational costs increasing.
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NewsChief commercial officer Vasu Raja to depart American Airlines
Vasu Raja will soon depart as chief commercial officer of American Airlines after more than 20 years with the Dallas-Fort Worth-based company.
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NewsAirAsia X flags ‘softer’ mid-year demand, amid sharp decline in Q1 net profit
AirAsia X reported a 75% drop in its quarterly net profit, despite higher revenue, as it flags a “softer” travel period through September.
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NewsGol submits five-year financing plan as part of restructuring
Brazilian airline Gol has submitted a five-year financial plan to a US court as part of its bankruptcy proceedings that calls for refinancing $2 billion in debt, an equity raise, and new deals with aircraft lessors.
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PodcastAirline Business Podcast: First-quarter challenges but brighter summer to come
In the latest episode – sponsored by Panasonic Avionics – Graham and Lewis look back on a first-quarter earnings season that saw a variety of challenges around the world, but also positivity on what will follow in 2024.