All Strategy articles – Page 41
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NewsFinnair swings to profit in Q2 citing adjustment to Russia airspace closure
Finnair has reiterated its guidance for a stronger-than-expected full-year performance, saying its positive second-quarter results reflect its successful adjustment to the closure of Russian airspace.
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NewsAirAsia X seeks to shed financially distressed status
AirAsia X is seeking to officially exit its status as a financially distressed entity, citing a “more sound and viable financial position” since undertaking a wide-ranging business restructuring.
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NewsJet Airways names new directors, but vacant CEO post looms large
Jet Airways has appointed three directors to its board – including naming a new chief financial officer – but has not disclosed a new airline chief.
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NewsAmerican reports ‘outstanding’ Q2 with $1.3bn profit
American Airlines reported a $1.34 billion second-quarter profit as passenger demand continues to rise and fuel prices fell by more than one-third since last year.
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Airline BusinessAirline Strategy Awards recipients reflect resurgent industry
The Airline Strategy Awards, which were held in London on the evening of 16 July, came with the global industry at a point where traffic and capacity are about to reach parity with 2019 levels after a painful few years for most carriers.
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NewsUnited posts three-fold rise in second-quarter profit as demand surges
United Airlines posted a second-quarter profit of $1.08 billion, as passenger demand for travel at the beginning of the Northern Hemisphere’s summer travel season surged.
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NewsIATA slams North American air traffic control chaos
The International Air Transport Association has slammed North American aviation regulators for dragging their feet on increasing staffing at air traffic control centres.
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NewsSouthwest adds former US senator Roy Blunt to board of directors
Blunt joined the 15-member board on 16 July, and will apply his “broad experience spanning health care, infrastructure and national security” to the role.
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NewsTurkish Airlines establishes subsidiary to run AnadoluJet
Turkish Airlines has formally established a wholly-owned subsidiary to run low-cost operation AnadoluJet.
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NewsFlight attendant union schedules strike vote against American Airlines
American Airlines’ flight attendants are set to vote starting late this month on whether to approve a strike against the carrier, a move coming as the airline and union continue battling over a new contract.
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NewsFormer Atlas Air chief takes finance role at FedEx
Former Atlas Air Worldwide chief executive John Dietrich is to join FedEx as chief financial officer on 1 August.
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Airline BusinessAirline Business Covid-19 recovery tracker: July 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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NewsExpressJet planning revival as widebody charter operator
Defunct US regional airline ExpressJet could re-emerge as a charter carrier under new ownership, initially flying passengers on one Boeing 777-200ER.
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NewsCathay buoyed by e-commerce as it grapples with flat demand
Cathay Pacific is grappling with flat demand and a steep increase in cargo capacity, but freight volumes continue to pick up as capacity recovers from last year’s lows.
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Airline BusinessThe Airline Strategy Awards 2023: winning stories
Alaska Airlines’ Ben Minicucci, Pegasus’ Guliz Ozturk and Singapore Airlines’ Goh Choon Phong were among those recognised at this year’s Airline Strategy Awards on 16 July in London, alongside former American Airlines chief executive Doug Parker.
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NewsUnited Airlines and pilots agree on new contract
United Airlines and its pilots have come to an agreement in principle (AIP) on a new contract.
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NewsAmerican and JetBlue begin unwinding Northeast Alliance
American Airlines and JetBlue Airways have begun to unwind their Northeast Alliance, two months after a court ruled it was anti-competitive.
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NewsCathay expects swing to half-year profit
Hong Kong’s Cathay Pacific Group expects to report a net profit of up to HK$4.5 billion ($576 million) for the six months ended 30 June, on the back of strong demand following the easing of pandemic travel restrictions.
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NewsDelta kicks off Q2 airline earnings with record revenue and ‘robust demand’
Delta Air Lines kicked off the second-quarter earnings season by reporting record revenue and delivering a message of optimism that the post-Covid-19 recovery is in full swing and sustainable.
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Airline BusinessEyes on winter outlook with airlines set for record-breaking Q2 earnings
The airline earnings season got under way today as Delta Air Lines announced its financials for the three months to the end of June.