All Strategy articles – Page 14
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NewsAirAsia divestment gets go-ahead in MYR6.8 billion deal
Malaysia’s Capital A has divested its aviation business in Southeast Asia to associate AirAsia X, in a deal valued at around MYR6.8 billion ($1.4 billion).
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NewsLufthansa reveals first aircraft with long-delayed ‘Allegris’ cabin update
Lufthansa revealed the first aircraft equipped with its new “Allegris” cabin updates on 25 April, more than a year late owing to supply chain and airframer delays.
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Airline BusinessAmerican Airlines ‘on track’ for full-year guidance despite first quarter loss
American Airlines executives point to positive material changes as the year progresses from its loss-making first quarter as reasons why it remains optimistic of meeting its full-year financial targets.
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Airline BusinessNorwegian buoyed by Wideroe impact as losses cut in first quarter
Norwegian flagged improved yields and load factors, together with a boost from the less seasonally affected Wideroe business, during a first quarter in which the airline narrowed operating losses to NKr763 million ($70 million).
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NewsNew chief overhauls Loganair network in bid for greater resilience
UK regional carrier Loganair is to cut three routes from its network and reduce frequencies on some others following a review by new chief executive Luke Farajallah aimed at improving its operational resilience.
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NewsAirAsia appoints founder Fernandes as group advisor
AirAsia Aviation Group has appointed its co-founder and former chief executive Tony Fernandes as advisor and steward, as the deadline for merger negotiations with associate unit AirAsia X draws close.
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NewsHawaiian lost $138m in Q1 as costs surged
Hawaiian Holdings, parent of Hawaiian Airlines, lost $138 million in the first quarter of 2024, though the company’s chief executive says incoming Boeing 787s and a new freighter operation are putting Hawaiian on track toward profitability.
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Airline BusinessJetBlue loses $716m amid myriad first-quarter struggles
US carrier JetBlue Airways lost $716 million in the first quarter as “significant elevated capacity” in Latin America and on domestic routes cut into the already-struggling airline’s performance.
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NewsVolaris squeezes out $33m first-quarter profit despite capacity cut due to GTF groundings
Mexican ultra-low-cost carrier Volaris has disclosed a first-quarter profit of $33 million – its first since 2019 – as the company kept a sharp eye on costs and despite the hit to capacity caused by the enforced grounding of Pratt & Whitney geared turbofan (GTF)-powered aircraft.
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NewsJetBlue continues C-suite overhaul with Daniel Shurz leading revenue and network planning
US carrier JetBlue Airways continues building a new management team under the helm of recently installed chief executive Joanna Geraghty.
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NewsAir New Zealand cuts profit forecast again, citing stiff competition and weak demand
Air New Zealand trimmed its full-year earnings forecast for a second time, as it flags increased competition on its North American network and softening domestic travel demand.
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NewsAlaska lost $132 million in Q1 amid 737 Max 9 grounding
The financial impact of grounding its 65 Boeing 737 Max 9s in January pushed Alaska Air Group to a $132 million loss in the first quarter of 2024.
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NewsEasyJet narrows first-half losses
UK low-cost carrier EasyJet expects to post a pre-tax headline loss of between £340-360 million ($423-448 million) for the six months ended March 2024.
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NewsConsumers sue to block Alaska’s proposed acquisition of Hawaiian
A group of US consumers have filed a lawsuit in a federal district court to block on anticompetitive grounds Alaska Airlines’ proposed $1.9 billion acquisition of rival West Coast carrier Hawaiian Airlines.
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Airline BusinessAvelo doubles down on core strategies three years after launching as start-up
Three years have passed since US start-up Avelo Airlines first took off from Burbank, California with an aggressive plan to carve a niche among established ultra-low-cost carriers (ULCCs).
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Airline BusinessSpirit Airlines on track for greater Q1 loss than expected
US discounter Spirit Airlines is bracing for a greater first-quarter loss than previously anticipated due to how it is accounting for $150-$200 million in compensation from Pratt & Whitney (P&W) for its grounded Airbus A320neo-family aircraft.
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Airline BusinessDelta’s Bastian upbeat on demand amid ‘most-constructive backdrop of my career’
Delta Air Lines chief executive Ed Bastian painted a positive demand picture after reiterating the airline’s full-year guidance today, describing the environment as “maybe the most-constructive backdrop” during his career.
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NewsBreeze turns first full-month profit in March amid shift to all-A220 fleet
Fast-growing US start-up Breeze Airways turned its first full-month operating profit in March, reflecting rapid revenue gains amid quick expansion.
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NewsDelta posts profitable start to the year
Delta Air Lines posted a profit over the opening three months of the year on a non-adjusted basis for the first time since the pandemic.
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NewsCanadian charter carrier Nolinor bumps 737 captain pay by 25-40%
The starting salary for a 737 captain at Nolinor is now C$175,000 ($129,000), with potential increases to a salary beyond C$250,000.