All Strategy articles – Page 48
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NewsJapan’s Skymark Airlines turns profitable on ‘remarkable recovery’ in demand
Japanese operator Skymark Airlines rebounded to a full-year profit amid “remarkable recovery” in travel demand as Japan eased much of its pandemic curbs.
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NewsAzul posts record first-quarter revenue amid a ‘robust, sustained revenue’ recovery
Brazil’s Azul sees “robust, sustained revenue performance” for the rest of the year with passengers travelling in greater numbers as the global Covid-19 pandemic is largely in the rear-view mirror.
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NewsAvianca ditches Viva combination plan
Colombian airline Avianca has cancelled plans to combine with financially strapped ultra-low-cost carrier Viva Air, citing what it describes as onerous conditions required by Colombia’s aviation regulator.
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NewsAir Canada’s Q1 passenger revenue more than doubles
Air Canada achieved a first-quarter record revenue of C$4.9 billion ($3.6 billion), up 88% from the same period a year ago as travel demand boomed following the global pandemic.
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NewsNorwegian claims success in limiting Q1 losses as it eyes strong summer
Norwegian is expecting one of its strongest-ever summer seasons after a first quarter during which it claims to have successfully limited losses.
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NewsSouthwest Airlines pilots vote to authorise strike
Roughly 10,000 pilots represented by Southwest Airlines Pilots Association (SWAPA) have voted emphatically in favour of authorising a strike as negotiations with the airline on a new contract have stalled.
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NewsTurkish Airlines eyes June announcement for massive long-term order
Turkish Airlines is reportedly hoping to announce an aircraft order covering around 600 aircraft next month, which will support it’s recently disclosed ambition to double the size of its fleet to more than 800 over the next decade.
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NewsAir Baltic cuts first-quarter loss as it looks towards IPO
Air Baltic improved its revenue performance and significantly cut its net loss in the first quarter of 2023, as the business saw positive outcomes from its mixture of own-brand flying and deals to operate capacity for other carriers.
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NewsEmirates surges back to profit
Profits at Dubai-based Emirates Group have soared to record levels for the year ended 31 March 2023, hitting Dhs10.9 billion ($3 billion), reversing two consecutive years of pandemic-driven losses.
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News'Healthy demand' boosts Copa's first-quarter profit to $122 million
Copa Holdings, the parent of Panama’s Copa Airlines reported a profit of $122 million, up more than one-third from the same quarter in pre-pandemic 2019, driven by “healthy demand”.
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NewsLong aircraft maintenance turnaround times contribute to GlobalX’s Q1 loss
South Florida start-up carrier Global Crossing Airlines (GlobalX) reported a modest first-quarter loss of $6 million as long turnaround times for heavy maintenance kept some of its aircraft grounded throughout the period.
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NewsJet2 puts first A321neo into service
Jet2’s first Airbus A321neo has entered service, marking the beginning of its shift away from operating a Boeing-dominated fleet.
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NewsAvianca will decide this week whether to pursue Viva buy: CEO
Colombian carrier Avianca could decide this week whether to continue pursuing its planned acquisition of low-cost domestic competitor Viva Air, which stopped flying in February due to financial difficulties.
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NewsAvianca’s first-quarter revenue jumps as overhaul continues
Colombian carrier Avianca continued its business transformation during the first quarter of 2023, with its revenue jumping 13.5% year-on-year.
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NewsVirgin Atlantic cuts losses but pushes profit return to 2024
Virgin Atlantic now does not expect to return to the black until 2024 after today disclosing a pre-tax loss of £206 million before exceptionals for 2022.
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NewsEU court annuls Lufthansa and SAS state aid approvals after Ryanair complaints
The European General Court has annulled the European Commission’s approval of state aid provided to Lufthansa and SAS during the Covid-19 crisis.
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NewsPhilippine Airlines selects nine A350-1000s for long-haul operations
Phillippine Airlines (PAL) has committed to nine A350-1000s that it will use on ultra-long-haul flights to North America and Europe.
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NewsMalaysia’s MYAirline picks Bangkok as first international point
Malaysian start-up MYAirline will launch twice-daily flights to Bangkok from end-June, marking its foray into international operations more than half a year after it launched.
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NewsAir NZ to make multi-billion dollar investments in new jets, refurbishments
Air New Zealand is set to make significant investments in its fleet, capacity and marketing over the next five years, as the airline closes in on pre-pandemic recovery.
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NewsMesa Airlines posts $35m fiscal Q2 loss amid ‘tough’ transition
US regional carrier Mesa Airlines reported a loss of $35.1 million during its fiscal second quarter of 2023, as the airline worked to cut ties with longtime partner American Airlines in favour of a new deal to fly on behalf of United Airlines.