All Strategy articles – Page 188
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NewsSpiceJet third quarter profits up a third despite 737 Max grounding costs
Indian budget carrier SpiceJet saw a 33% year-on-year uptick in operational profit during the third quarter following the expansion of its fleet and addition of new routes in 2019. Operating profit rose to Rs732 million ($10 million) during the third quarter ending in December, up from Rs550 million for the ...
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NewsTurkey’s aviation regulator confirms AtlasGlobal suspends flights
Turkey’s directorate general of civil aviation has confirmed that struggling carrier AtlasGlobal has suspended flights and is to file for bankruptcy.
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NewsPassenger growth lifts Singapore Airlines’s third-quarter results
Singapore Airlines’ group operating profit grew 15.7% during the third-quarter to S$449 million ($323 million) on the back of strong growth in the passenger business, and despite declining cargo earnings.
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Airline BusinessCoronavirus tests fundamental weaknesses in Asia-Pacific airline market
As the coronavirus continues to affect airlines’ networks and demand for passenger travel and freight services, the spotlight is falling on Asia-Pacific’s airlines and their ability to weather the storm.
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NewsFormer Jet Airways chief Dube takes top role at India’s GoAir
Former Jet Airways chief executive Vinay Dube has taken up the same role at Indian low-cost carrier GoAir.
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NewsFormer United Airlines executive aims to launch new airline
A former United Airlines executive has raised $125 million to launch a new budget airline in the US by the end of the year.
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NewsCopa net profit jumps as Max crisis drags on
Higher travel demand and low fuel costs offset lost revenue opportunities as Panama’s Copa Airlines continues to post strong earnings even while struggling with the ongoing effects of the Boeing 737 Max crisis.
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NewsNorwegian yet to find profitable long-haul model: chief
Norwegian’s new chief executive Jacob Schram has acknowledged that the Scandinavian budget carrier has yet to find a way of making its long-haul operation profitable.
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NewsSA Express confirms business rescue restructuring move
SA Express’ operations are continuing as normal after the South African regional and domestic operator confirmed it is now under a formal business rescue restructuring process
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Airline BusinessWhy Ryanair is still more likely to bide its time than bid for Air Italy
Ryanair’s move to hold a press conference in Milan today sparked some press speculation that the low-cost carrier was about to make a bid for the assets of collapsed carrier Air Italy.
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Airline BusinessNorwegian counts costs of 737 Max and Trent 1000 disruptions
Norwegian estimates that disruption from the Boeing 737 Max grounding and ongoing issues with the Rolls-Royce Trent engines on its 787 fleet have led to a combined NKr1.7 billion ($183 million) net loss for 2019.
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NewsComair blames Max delay and SAA debt for expected first-half loss
South African carrier Comair warns that it expects to post a loss for the six months ending 31 December 2019 because of the ongoing Boeing 737 Max grounding and an unpaid debt by South African Airways.
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NewsNorwegian plans deeper capacity cuts in bid for 2020 profit return
Restructuring low-cost carrier Norwegian is targeting a net profit for the coming year on deeper capacity cuts after progress on its turnaround in 2019 was clipped by the impact of the Boeing 737 Max grounding and Rolls-Royce engine issues.
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NewsEurowings promotes sales head to chief commercial officer
Eurowings has promoted its vice-president of sales Oliver Schmitt to become chief commercial officer of the Lufthansa low-cost unit.
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NewsCathay details flight suspensions caused by coronavirus
London Gatwick, Rome and Washington Dulles are among a raft of international routes that are being suspended until the end of March by Cathay Pacific as it seeks to conserve cash during the ongoing coronavirus outbreak.
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NewsJAL looks to May launch of long-haul, low-cost carrier Zipair
Executives from Boeing, Japan Airlines and long-haul, low-cost offshoot Zipair are talking up the new carrier’s pending launch of passenger flights.
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Airline BusinessHow low-cost carriers have capitalised on Italian airline failures
No European country’s carriers have struggled to secure or retain a leading presence in their own market more than Italian operators, as the collapse of Air Italy further illustrates.
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Airline BusinessWhy did Air Italy fail?
Air Italy’s collapse on 11 February reflects its inability to overcome a number of challenges in an Italian market that continues to be as tantalising for new entrants as it is punishingly tough on them.
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NewsJapanese start-up Zipair indicates plans for transpacific flights
Japanese start-up Zipair is positioning itself as a mid- to long-haul carrier and has plans for transpacific flights.
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NewsRyanair chief marketing officer steps down
Ryanair’s chief marketing officer, Kenny Jacobs, is leaving the airline after six years in the role.