All Strategy articles – Page 25
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Airline BusinessWhen 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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NewsAir 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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NewsAir 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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NewsUS 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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NewsAlaska 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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NewsAir 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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NewsLoss-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 BusinessHow 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 BusinessAirline 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 BusinessStrong 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 ...
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Airline BusinessWhy airline industry focus is on the margins of profitability
Confirmation from IATA that the airline industry will return to collective profitability this year and that passenger volumes will shortly surpass pre-Covid levels is an indication that the sector has finally normalised.
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Airline Business‘We went into this with eyes wide open’: Hawaiian CEO on acquisition by Alaska
As the dust settles on arguably the biggest surprise announcement of the year for US commercial aviation, Hawaiian Airlines’ chief executive Peter Ingram says there is probably no better match for Hawaiian than Alaska Airlines.
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NewsIATA raises 2023 profit expectations for airlines to $23bn and sees small rise for 2024
IATA expects the airline industry to post a collective net profit of $23.3 billion for 2023, more than doubling its expectations from six months ago.
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NewsHawaiian and Alaska agree to break-up fees if planned tie-up falls through
Hawaiian Airlines and Alaska Airlines have released more information about their potential merger, including reciprocal break-up fees in the case of non-consummation of the proposed transaction.
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NewsAlaska acquisition of Hawaiian is ‘pro-consumer, pro-competitive’: Minicucci
Alaska Airlines chief executive Ben Minicucci says that the planned acquistion of Hawaiian Airlines will benefit not only the companies, but also employees and consumers, and it was the right opportunity for the Seattle-based company at the right time.
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NewsAlaska Airlines to acquire Hawaiian for $1bn plus debt
Alaska Airlines to acquire Hawaiian Airlines for $1 billion, the companies said on 3 December.
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NewsAir Malta successor carrier set for bookings launch after securing AOC
Planned new national carrier KM Malta Airlines is to set to open for bookings on 4 December after securing its air operator’s certificate.
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NewsVolotea commercial chief Gonzalez takes on newly created general manager role
European low-cost carrier Volotea has appointed chief commercial officer David Gonzalez to the newly created role of general manager, where he will co-ordinate the company’s global commercial, strategic, operational and cost control activities.
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NewsItaly and Lufthansa formally notify Commission over ITA deal
Lufthansa Group and the Italian government have formally notified the European Commission over a deal for the German carrier to take a minority stake in ITA Airways.
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Airline BusinessAirline industry looks ahead to another year of capped capacity
For an industry historically known for its tendency towards overcapacity and therefore frequently low-margin operations, the airline sector is uncharacteristically about it enter its sixth year of not being able to fly as much as it would like.