All Strategy articles – Page 38
-
Airline Business
Airline Business Covid-19 recovery tracker: August 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.
-
Airline Business
Air cargo grapples with plummeting rates and freighter oversupply fears
The global air cargo market is heading for a potential “winter of discontent” amid rapidly falling rates, softening demand and rising capacity.
-
News
Tourism recovery keeps Thai carriers in the black
Thailand’s two full-service operators, Thai Airways International and Bangkok Airways, remained profitable in the second-quarter earnings, helped by a rebound in tourism, especially following the reopening of China’s international borders.
-
News
PAL promises ‘major’ product, digital revamp as Q2 profits increase
Philippine Airlines (PAL) is to double down on improving its product offerings, as the carrier improved its quarterly profit on the back of continued demand recovery.
-
News
Air Canada rides wave of international travel to second quarter profit
Air Canada generated second-quarter revenue of C$5.4 billion ($4 billion), up 36% from C$3.9 billion during the same period a year ago, as international travel rebounded strongly from the Covid-19 pandemic.
-
News
Turkish Airlines lifts outlook after strong first half despite cargo decline
Strong demand in the passenger business during the first half has prompted Turkish Airlines to lift its full-year EBITDA expectations, despite a sharp fall in cargo revenues.
-
News
China’s ‘Big Three’ still expected to be loss-making in 2023: HSBC report
China’s three largest airlines are expected to be in the red in 2023, despite improving recovery prospects and the likelihood of a small profit in the second-half of the year, a HSBC Global Research report notes.
-
News
Cebu Pacific flags supply chain, weather woes amid second-quarter profit
Cebu Pacific remained in the black for a second consecutive quarter, though it has acknowledged the “significant operational headwinds” which has “tempered” its recovery and growth outlook.
-
News
Brazil’s Azul breaks Q2 revenue record; sees demand trends continuing
Brazil’s Azul had a record-breaking quarterly revenue of R$4.3 billion, up 8.8% against the R$3.9 billion it reported in the same quarter last year, and 63% over the same quarter in pre-pandemic 2019 as passenger demand, including corporate travel, continues to bounce back.
-
News
Turkish Airlines set for fleet decision ‘soon’ after engine complications
Turkish Airlines expects to announce its major order for 600 aircraft ”soon” after receiving revised proposals from the OEMs and studying options around engines following supply issues.
-
News
Copa Q2 profit is $17.5m as demand remains strong, fuel cost drops
Copa Airlines posted a second-quarter profit of $17.5 million as demand remained strong and costs fell, driven by fuel prices, which declined by about one-third.
-
News
Mesa posts $47.6m second-quarter loss due to lower block hours and ‘captain crunch’
Mesa Air Group lost $47.6 million during its fiscal third quarter, with the airline’s block hours plummeting during its transition to flying its Bombardier CRJ-900s on behalf of United Airlines.
-
News
GlobalX reports $7.5m Q2 loss as aircraft delivery delays take toll
South Florida start-up carrier Global Crossing Airlines (GlobalX) reports a second-quarter loss of $7.5 million as aircraft delivery delays and long turnaround times for aircraft maintenance continue hindering the airline’s operations.
-
Airline Business
Nebraska-based start-up airline Red Way plans to ‘crawl, walk, run’: CEO
Red Way is betting that its model will revitalise air service from Lincoln and prove itself worth replicating in other parts of the USA.
-
News
Air Baltic swings to first-half profit despite A220 engine woes
Air Baltic overcame the impact of around 25% of its own fleet being grounded during the second quarter to report a profitable first half of 2023.
-
News
Turkish Airlines profit growth run continues into second quarter
Turkish Airlines continued its strong post-pandemic profits run by lifting second quarter operating profits by 50%.
-
News
‘We are on the right track’: Cathay posts first half-year profit in three years
Cathay Pacific Group rebounded to profitability in its half-year financial results, amid a strong rebound in passenger traffic following the reopening of Hong Kong’s borders.
-
News
New business-class carrier Bermudair tentatively approved to fly to USA
New regional carrier Bermudair on 7 August received tentative approval of its foreign air carrier permit from the US Department of Transportation (DOT), clearing it to fly to the USA.
-
News
Pakistan earmarks struggling PIA for privatisation
Cash-strapped Pakistan has announced its intention to privatise flag carrier Pakistan International Airlines, as the country works to stabilise its economy.
-
News
Turkish Airlines and Thai Airways eye Istanbul joint-venture operations
Star Alliance partners Turkish Airlines and Thai Airways have signed a preliminary agreement to deepen their relationship through plans to establish a joint venture on routes through Istanbul.