All Strategy articles – Page 193
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NewsA decade of Airline Business covers
Airline leaders from across the globe – and covering a range of business models – have featured on the cover of Airline Business in the past 10 years. Here are some of the highlights
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Airline BusinessRising costs may threaten US majors’ profit margins in 2020
Consumer confidence in the US economy and a declining unemployment rate drove demand for air travel in 2019. That was good news for the four major US carriers, but for three of them there was the question of whether they would have the aircraft to meet that rising demand.
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NewsJeju Air delays acquiring majority stake in Eastar Jet
Jeju Air has delayed acquiring a majority stake in compatriot Eastar Jet as it needs time to conduct due diligence on the latter. Jeju expected to complete the stock sale and purchase contract by 9 January, but this has been pushed back until the end of the month. “The above ...
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NewsHyundai-led acquisition of Asiana Airlines closes
Asiana Airlines will soon change hands, after a consortium formed by Hyundai Development (HDC) and Mirae Asset Daewoo committed to a W2.5 trillion ($2.2 billion) deal.
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Airline BusinessHow the airline industry grew profitable over the decade
While IATA has downgraded its industry outlook for 2019, the airline sector as a whole still capped an unprecedented run of profits by completing a decade in the black.
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NewsBamboo Airways gains IOSA certification
Vietnamese carrier Bamboo Airways will receive its IATA Operational Safety Audit (IOSA) certification on 3 January, nearly a year after launch. This will also pave its way to becoming an IATA member in the near future, the carrier says. Source: Bamboo Airways Bamboo Airways took delivery of ...
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NewsChina Southern to keep codeshares after leaving SkyTeam
China Southern Airlines will maintain codeshare arrangements with most SkyTeam members even after leaving the alliance next year. “Through bilateral cooperation, the company will continue to maintain codeshare partnerships with its existing SkyTeam partners and frequent flyer cooperation will be continued with Aeroflot, Aerolineas Argentinas, Air Europa, Air France, Alitalia, ...
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NewsEmirates airline president Clark to step down in June
Long-serving Emirates airline president Tim Clark is to retire at the end of June 2020.
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Airline BusinessTUI aviation chief on 737 Max and Thomas Cook
For the chief executive of aviation at European leisure group TUI, seeing competitor Thomas Cook exit the market earlier this year was a double-edged sword.
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PodcastAirline Business Podcast – end of year (and decade) review
The new edition of the Airline Business podcast is now available. Join Graham Dunn, Lewis Harper and Max Kingsley-Jones as they look back on 2019 and the past decade, and forward to what 2020 might have in store for airlines. There are several ways to listen to the Airline Business ...
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Airline BusinessMichael O’Leary on tackling Ryanair’s biggest challenges
When Michael O’Leary stepped up to the group chief executive role at Ryanair, some people wondered whether it might signal a shift in leadership dynamic at the Irish low-cost carrier. But asked by FlightGlobal how much the move has changed his day-to-day life at the operator, the Irishman is typically outspoken in his response.
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NewsJeju Air to acquire majority in low-cost rival Eastar Jet
South Korean low-cost carrier Jeju Air is acquiring a 51% stake in compatriot Eastar Jet for W69.5 billion ($59.6 million).
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NewsSriLankan, Qatar expand codeshare agreement
SriLankan Airlines will add 18 new points to its codeshare agreement with fellow Oneworld alliance member Qatar Airways, building on the partnership that first began in 2016. SriLankan will be adding its code on Qatar’s flights out of Doha to European cities such as Helsinki, Budapest, Munich, Lisbon and Edinburgh. ...
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NewsAirport authority impounds seven Hong Kong Airlines aircraft
The Airport Authority of Hong Kong has seized seven Hong Kong Airlines (HKA) aircraft sitting idle, in a move to “protect financial interests”. In a statement, the authority states that it acted under the territory’s Airport Authority Ordinance to “detain” the aircraft. It adds that the seven aircraft “have not ...
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NewsTurkey’s AtlasGlobal prepares to resume flights
Turkish carrier AtlasGlobal is preparing to restore services, after re-opening its reservations system after nearly a month-long suspension.
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NewsTaiwan’s FAT says closure notice mistakenly issued
In a turn of events, Taiwan’s Far Eastern Air Transport (FAT) chairman says last week’s closure notice was mistakenly issued by airline executives. The troubled carrier is, however, still subject to punitive action from Taiwan’s authorities.
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Airline BusinessHow are airlines handling scrutiny of their environmental impact?
The airline industry’s impact on the environment has moved up the agenda at an impressive pace during 2019.
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NewsHigher expenses drag Mesa Q4 profits
Mesa Air Group reported a net profit of $12 million for its fourth quarter of 2019, down from $19 million during the same quarter in 2018 as Phoenix-based regional carrier Mesa Airlines expands its fleet. Operating revenue during the quarter rose 6% year-on-year to $188 million, compared with $177 million ...
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NewsIATA foresees modest air cargo recovery in 2020
Air cargo demand measured by freight tonne-kilometres will increase by around 2% in 2020, IATA estimates, as rebounding economic growth boosts trade volumes.
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Airline BusinessWhy IATA is sounding a more optimistic note for airlines in 2020
When IATA delivered a further downgrade of its industry profits outlook for this year, it was perhaps more notable that it struck such a positive tone when it came to 2020.