All Strategy articles – Page 13
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Airline BusinessSun Country profitable as other US discounters slog through first quarter
As leading ultra-low-cost carriers in the USA embark on wholesale network changes in response to shifting market dynamics, one smaller airline is sticking to its guns.
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NewsBonza unlikely to see return of seized fleet, as grounding drags on
Bonza is unlikely to get its fleet of seized Boeing 737 Max 8 jets back from lessor AIP Capital, adding to the embattled low-cost carrier’s woes as its suspension of operations is extended for another week.
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Airline BusinessUS airline industry ‘evermore rigged game’ favouring major carriers: Spirit Airlines CEO
Now at liberty to talk freely about the defunct deal with JetBlue, Spirit Airlines’ chief executive Ted Christie alleges that the US airline system is “rigged” against smaller carriers.
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NewsUS government approves Frontier to use new trade name ‘Frontera’
US discount carrier Frontier Airlines has received approval to use the new trade name “Frontera” for at least some of its operations, though details about the plans remain unclear.
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NewsSpirit lost $143m in first quarter as airline pursues cost and capacity cuts
Spirit Airlines lost $143 million in the first quarter of 2024 amid heightened competitive pressures and other factors that have prompted the airline to shrink its operation and to seek out cost savings.
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NewsAlaska receives $61m Boeing credit for Max 9 grounding
US carrier Alaska Airlines has received an additional $61 million in credits from Boeing as compensation for the mid-flight blow-out of a door plug on Alaska flight 1282 and subsequent grounding of its 737 Max 9s
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NewsLATAM Airlines Group first-quarter profit reaches $258m
LATAM Airlines Group reported a first-quarter profit of $258 million, a record for the period, profiting of ongoing strong demand during Latin America’s high travel season.
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Airline BusinessWhy IndiGo believes time is right for widebody move with A350 order
IndiGo’s recently announced firm order for 30 Airbus A350-900s and 70 options marks the latest headline-grabbing move from an airline that is keen to make use of its unusually solid foundations in India’s often unforgiving airline market.
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NewsAeroflot claims lowest first-quarter net loss in five years
Russian flag-carrier Aeroflot has turned in a first-quarter net loss of Rb6.9 billion ($75.3 million), but states that this is its lowest loss for the period in five years. It says the result – under Russian accounting standards – illustrates a “trend of progressive improvement”. Aeroflot says it achieved the ...
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NewsJAL doubles full-year profit amid spike in LCC, international revenue
Japan Airlines’ full-year earnings soared past pre-pandemic levels, as the airline benefited from a surge in inbound travel demand, along with strict cost controls.
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NewsAir Canada lost C$81m in first quarter as costs rose
Air Canada lost C$81 million ($59 million) in the first quarter of 2024 as higher costs related to increased capacity, and less cargo revenue, weighed on the company.
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News‘My final chapter’: AirAsia’s Fernandes hints at retirement following aviation unit consolidation
AirAsia founder Tony Fernandes is likely to step down from the company at the end of his newly-renewed contract, which runs for another five years, calling it his “final chapter”.
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NewsAustralian watchdog proposes to approve Air NZ, Virgin Australia codeshare
The Australian Competition and Consumer Commission (ACCC) is proposing to authorise a unilateral code-sharing agreement between Virgin Australia and Air New Zealand.
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NewsAirAsia Cambodia begins commercial operations
AirAsia Cambodia – the low-cost airline group’s newest unit – has began operations, operating from its Phnom Penh hub to Siem Reap and Sihanoukville.
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Airline BusinessLufthansa takes actions as it counts cost of strikes and new pay deals
While Lufthansa Group put much of the focus on strike disruption for the trebling of first quarter losses and a reduced profit outlook for the year, it is almost mindful of the cost implications related to the new pay deals it took to end the disputes.
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NewsAvianca turns first-quarter profit as passenger revenue rises and cargo sags
Colombia’s Avianca reported a $13 million profit in the first quarter, reversing last year’s $12 million loss for the first three months of the year.
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NewsSpohr hopeful of ITA acquisition approval this summer
Lufthansa Group chief executive Carsten Spohr is optimistic it can secure approval for its planned acquisition of Italian carrier ITA Airways this summer amid what he describes as “constructive” talks with European competition regulators.
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NewsSwiss first-quarter profit slips as yields decline and costs rise
Swiss International Air Lines cites lower yields, a weaker cargo business, inflation and higher fuel and personnel costs contributed to lower profit for the first quarter of 2024.
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NewsAir France-KLM reports deeper first-quarter loss after operational disruption
Air France-KLM’s operating loss deepened in the first quarter of 2024, as “exceptional” operational disruptions and falling cargo revenue dented the European airline group’s performance.
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NewsChina Southern swings to Q1 profit as peers languish in the red
China Southern Airlines was the sole carrier among the country’s three largest operators to swing back to black in the first quarter of the year, even though they all saw revenues improve.