All Strategy articles – Page 17
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News
Southwest and pilots’ union agree in principle on new contract
After more than three years of often acrimonious negotiations, Southwest Airlines has an agreement in principle for a new contract with its pilots’ union.
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Airline Business
Smith heralds Air France progress after catching up on profit with KLM
One of the most notable aspects of the improved financial performance Air France-KLM has enjoyed since the pandemic is the extent to which Air France is contributing to the group’s performance.
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News
SunExpress to expand SAA damp-lease deal to four aircraft
Turkish leisure carrier SunExpress has signed a memorandum of understanding to double the number of aircraft it damp-leases to South African Airways for the winter 2024-2025 season.
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News
Lufthansa orders first 737 Max jets as part of deal for up to 200 narrowbody aircraft
Lufthansa Group has placed a firm order for 40 Boeing 737 Max 8s and taken options on 60 more as part of wider deal which is also set to see it add more Airbus A220 and A320neo-family jets.
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News
Acquisition moves must be within ‘risk profile’: Air France-KLM chief
Air France-KLM chief executive Ben Smith stresses any merger and acquisition moves must not weigh the group down as it seeks to boost its profitability by €2 billion ($2.2 billion) over the next five years.
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News
SpiceJet flags interest in move for grounded rival Go First
Indian low-cost carrier Spicejet has indicated its interest in bidding for grounded rival operator Go First.
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News
Australia's Rex inducts 10th 737
Australia’s Regional Express (Rex) has taken delivery of its 10th Boeing 737-800, as it looks to add at least one more narrowbody by end-June 2024.
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News
AirAsia X chairman steps down as airline exits financially distressed status
AirAsia X chairman Mahmood Fawzy has stepped down after over a year in the role, following the carrier’s exiting financially distressed status.
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News
Southwest hit with $140m penalty for end of 2022 network meltdown
The US Department of Transportation on 18 December issued a $140 million penalty in response to Southwest Airlines’ system-wide operational meltdown that cancelled 16,900 flights and left 2 million passengers stranded during the height of air travel in December 2022.
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Airline Business
Walking away from Paris Orly would be ‘a lost opportunity’: Air France-KLM chief on Transavia plan
Air France-KLM chief executive Ben Smith believes the group’s strong slot position at Paris Orly makes for too good an opportunity to walk away from, as it puts its faith in low-cost unit Transavia to deliver a profitable operation from the airport.
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Airline Business
When it comes to airline M&A, is the gain still worth the pain?
The past 12 months have seen consolidation moves touch more carriers. But at the same time, the sentiment from governments and regulators appears to be hardening against airline tie-ups, raising questions about the future viability of such moves
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News
Air Transat continues distancing itself from lows of Covid
Transat AT, parent of Canadian carrier Air Transat, squeezed out a profit and generated C$765 million ($570 million) in revenue during its fiscal fourth quarter which ended on 31 October, as the carrier distances itself from the lows of the Covid-19 pandemic.
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News
Air France-KLM eyes €2bn improvement in operating profit by 2028
Air France-KLM is targeting a €2 billion ($2.2 billion) improvement in operating profitability over the next five years as it today sets out new long-term objectives.
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News
US major airlines gear up for busy end-of-year travel period
Major US carriers expect a busy end-of-year holiday travel season and record passenger figures, topping last year as well as November’s Thanksgiving holiday period.
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News
Alaska Airlines and Porter Airlines create ‘broad partnership’ with interline agreement
Oneworld carrier Alaska Airlines has launched an interline agreement with Canada’s Porter Airlines, which is expanding its reach across North America.
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News
Air Transat names Jean-Francois Pruneau chief financial officer
Canadian leisure carrier Air Transat has appointed Jean-Francois Pruneau as chief financial officer effective 9 January.
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News
Loss-making SpiceJet aims to raise $270m through a new share issue
Indian low-cost carrier SpiceJet has outlined plans for a new share issue after almost halving losses for the three months ended 30 September 2023, the second quarter of its financial year.
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Airline Business
How Adrian Neuhauser transformed Avianca into a low-cost competitor
With traffic surging in Latin America, Adrian Neuhauser has turned Avianca into a low-cost operator that draws on the strengths of its network-carrier past
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Airline Business
Airline Business Covid-19 recovery tracker: December 2023 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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Airline Business
Strong Q3 revenue drives airline industry further ahead of 2019 benchmark
The global airline industry exceeded the overall 2019 benchmark index score for the second quarter in a row, as the strong revenue run continued in the third quarter of this year. The overall score of 102 (2019 = 100) marked a rise of one point from the 30 June 2023 ...