All Strategy articles – Page 200
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News
New Swiss airline FlyBAIR launches crowdfunding campaign
Initiators of a new regional “peoples’ airline” to be based in Switzerland’s capital Bern, have started a crowdfunding campaign to launch it ahead of the 2020 summer holiday travel season.
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Azul proposes JV with TAP to shareholders
Brazil’s low-cost carrier Azul has proposed a joint venture with Portuguese flag carrier TAP Air Portugal to its shareholders as it looks to gain a greater foothold in the transatlantic travel market, the company says in its investor update on 7 November.
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Airline BusinessClimate tightens in third quarter for European airlines
Third quarter results and commentary from Europe’s major airline groups illustrate the tighter markets in which they are operating in as softer yields and the sharp decline in air cargo demand curb profits for airlines in the region.
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Alaska Air's Beck becomes COO, Minicucci remains president
Alaska Air Group has made several high-level management shifts, including splitting the president and chief operations officer (COO) role into two positions. Ben Minicucci, who formerly was Alaska's president and COO, has now taken the single title of president, Alaska says.
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Air Arabia eyes expansion with new order and Abu Dhabi unit
While many carriers in the Middle East are adjusting to slowing growth environment, the pace of activity is rising at low-cost carrier Air Arabia.
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Garuda swings to operating profit during third-quarter
Double-digit revenue growth at Garuda Indonesia during the third quarter 2019 helped the airline leave behind its previous loss-making status.
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Lufthansa ramps up group cost-cutting measures
Lufthansa Group is accelerating restructuring efforts at its cargo division and subsidiaries Austrian Airlines and Brussels Airlines as the company faces pressure on earnings, particularly in Europe, and increased fuel costs.
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Airline BusinessWhy Air France-KLM is keen to reiterate its strategy
Air France-KLM’s presentation of its five-year plan on 5 November contained few, if any, surprises.
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Qatar Airways inks IndiGo codeshare
Qatar Airways has inked a codeshare agreement with Indian low-cost carrier IndiGo, days after it confirmed partnership plans.
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ATSG reports higher Q3 results on Omni acquisition
Air Transport Services Group, a provider of medium wide-body aircraft leasing, contracted air transportation and related services, reported higher third quarter results after it integrated charter carrier Omni Air International, which it acquired late last year.
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Norwegian stock price drops after new fundraising round
Scandinavian budget carrier Norwegian's share price has dropped by around 10% after the airline revealed it was seeking additional funding from investors, through a convertible bond issue and a release of new shares.
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SIA sets 2022 date for 777-9 service entry
Singapore Airlines will introduce the Boeing 777X into service in 2022, updating earlier indications that the carrier would be taking delivery of the widebody from 2021.
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SIA sees upside in tie-up with Malaysia Airlines
Singapore Airlines (SIA) sees potential in its commercial tie-up with Malaysia Airlines, having signed a wide-ranging commercial agreement in October.
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American and Qantas implement joint venture
American Airlines and Qantas have implemented their joint venture, designed to streamline transpacific travel and open the opportunity for new routes between North America and Oceania.
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Qatar poised for IndiGo partnership
Qatar Airways is set to unveil a codeshare partnership with Indian low-cost carrier IndiGo.
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Air France-KLM to reinvent itself through simplification: chief
Air France-KLM has reiterated a need for group-wide operational simplification in order to achieve "sustainable profitability".
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Hong Kong Airlines axes Los Angeles as it cuts operations by 6%
Hong Kong Airlines (HKA), which has recently been plagued by financial troubles, is trimming its operations by about 6%, following an intervention by the territory's civil aviation authorities.
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Avianca gives up on acquiring Aeromar
Avianca has confirmed that it is no longer interested in buying Mexican regional operator Aeromar, as the Colombian carrier focuses on executing a strategic plan to restore profitability within its core business in its home country and Central America.
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Airline BusinessThe logic of IAG's swoop for Air Europa
IAG’s move to acquire Spanish leisure operator Air Europa for €1 billion ($1.1 billion) is billed as an attempt to bolster Madrid’s status as a major European hub.
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IAG acquires Air Europa in bid to transform Madrid
Iberia and Vueling parent IAG has agreed to acquire another Spanish operator, Air Europa, for a cash transaction of €1 billion ($1.1 billion).