All Strategy articles – Page 44
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NewsSpirit loses $104m as first quarter costs outpace surging revenue
US low-cost carrier Spirit Airlines reports a $104 million loss for the first quarter of 2023, compared with a $195 million loss during the same period last year.
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NewsColombia’s Aerocivil grants final approval of Avianca-Viva merger
Colombia’s Directorate of Air Transport and Aero-Commercial Affairs, also known as Aerocivil, has formally approved the merger of Avianca and Viva Air.
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NewsGol grows in a ‘disciplined manner’ in the first quarter of 2023
Gol boosted its first-quarter results as “continues to act in a disciplined manner in managing supply and demand” in the sometimes still unpredictable post-Covid-19 environment.
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NewsHawaiian posts $98m Q1 loss amid ‘challenging revenue environment’
Hawaiian Holdings, parent company of Hawaiian Airlines, posted a loss of $98 million for the first quarter of 2023, compared with a loss of $133 million last year.
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NewsFive Hawaiian Airlines A321neos grounded, waiting for engines
Five Airbus A321neo aircraft operated by Hawaiian Airlines are grounded due to engine supply chain issues affecting customers of Pratt & Whitney’s PW1100G engines.
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NewsVolaris’ US flying profitable as it eagerly awaits Cat 1 safety upgrade
Volaris said its US flying was profitable during the first quarter of 2023, as it eagerly awaits a safety upgrade by the Federal Aviation Administration so that it can expand its transborder business by the end of the year.
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NewsJetBlue posts $192m Q1 loss, but ‘very prepared’ for busy summer
JetBlue Airways generated record revenues but still posted a $192 million loss during the first quarter of 2023, compared with a $255 million loss during the same three months last year.
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News2023 a 'turning point for recovery', domestic competition to be 'mitigated': Air China
Air China believes domestic airline competition “will be mitigated” in the near term, following a bruising year where travel demand collapsed under the pressures of China’s now-scrapped ‘zero-Covid’ policies.
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NewsAir India sees progress with comprehensive tech overhaul
Air India is making headway in a total overhaul of its digital capabilities under its Vihaan.AI transformation plan.
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NewsANA parent expects higher profits on cost-cutting
ANA Holdings, the parent company of Japanese carrier All Nippon Airways, has revised upwards its full-year profit forecast, amid cost reduction efforts and despite sluggish cargo performance.
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Airline BusinessUS carriers see revenues surge, but challenges remain
While US giants Delta Air Lines and United Airlines both reported small losses for the first quarter, it is their positive narrative on the demand and revenue picture that stands out.
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NewsSurging costs and slower demand leave Alaska with $142 million Q1 loss
Alaska Air Group on 20 April become the latest US airline to report a first-quarter loss, swinging $142 million into the red during the three months ending in March.
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NewsSilver Airways narrowly avoids lease termination at South Florida base
US regional carrier Silver Airways has struck a last-minute deal to avoid eviction from its base at South Florida’s Fort Lauderdale-Hollywood international airport due to owing more than $1.4 million in back rent and late fees.
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NewsCorporate customers are back: United Airlines
United Airlines executives say corporate travel has fully returned following an almost-three-year downturn due to Covid-19.
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NewsAustralian regulators re-allow Jetstar co-operation for five more years
The Australian Competition and Consumer Commission (ACCC) has granted authorisation to Qantas and Jetstar for the continued cooperation with Jetstar units in Singapore and Japan.
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NewsAirbus chief highlights importance of China market
Airbus chief executive Guillaume Faury has underlined the importance of the China airliner market, which he feels will continue to grow strongly.
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NewsUnited Airlines loses $194m in Q1, international travel demand returns
United Airlines lost $194 million during the first quarter of 2023, in line with previous estimates, as the carrier’s post-Covid-19 recovery continues.
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NewsWestJet pilots vote to strike as contract talks continue
WestJet pilots have voted to strike if needed as they continue to negotiate a new contract with the airline.
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News’Demand has never been higher’: Delta CEO Bastian
Delta Air Lines recorded its “10 highest sales days” over the past couple of months as the major US carrier anticipates a robust summer travel season.
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NewsAir France-KLM environmentally-tied credit line allows Dutch carrier to exit state loan
KLM has secured a new €1 billion ($1.1 billion) credit facility with a syndicate of 14 banks, replacing a credit facility guaranteed by the Dutch government put in place during pandemic.