All Strategy articles – Page 5
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NewsGary Kelly and six of Southwest’s board members to resign at Elliott’s behest
Pressure from Elliott Investment Management has forced change at Southwest Airlines, which is now planning a major overhaul of the company’s board of directors.
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NewsAir Canada prepares to shut down ahead of potential pilot strike
Air Canada is preparing to suspend “most of its operations” as a pilot strike looms amid ongoing negotiations with union the Air Line Pilots Association, International (ALPA) over a new contract.
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NewsMalaysia Airlines parent braced for earnings hit from operational woes
Malaysia Aviation Group – the parent company of national carrier Malaysia Airlines – expects its profitability to “take a beating” following a spate of operational woes, though the full financial impact remains to be seen.
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NewsAllegiant’s chief marketing officer Scott DeAngelo resigns
Allegiant Travel Company, parent of ultra-low-cost carrier Allegiant Air, has disclosed the resignation of chief marketing officer Scott DeAngelo, effective 30 September.
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NewsJetBlue’s revenue boosted by IT disruptions at major US airlines
JetBlue Airways effectively capitalised on the IT-related struggles of major US airlines that were forced to cancel thousands of flights starting in late July, boosting its third-quarter revenue projections.
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NewsAegean positions to become Volotea shareholder with €25m investment
Greek carrier Aegean Airlines intends to take a stake of up to 21% in Spanish low-cost carrier Volotea after it participated in a round of fundraising with the latter’s shareholders.
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NewsChina Eastern to absorb low-cost unit OTT Airlines
China Eastern Airlines is to merge its OTT Airlines subsidiary into mainline operations, marking an end to the low-cost operator’s short-lived stint.
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NewsAzul in ‘active negotiations’ with stakeholders to return to profitability
Brazil’s Azul has clarified that it is developing a new plan to return to profitability following a media report that it was weighing options for its future, ranging from additional equity support to Chapter 11 bankruptcy protection.
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NewsAirAsia eyes significant network expansion as Q2 earnings improve
The AirAsia Aviation Group intends to launch 23 new routes across its five units in Southeast Asia by end-September, a significant expansion that comes amid an improvement in earnings.
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NewsUnited uneasy with implications of Alaska-Hawaiian tie-up
United Airlines is wary of how it stands to be affected by Alaska Airlines’ proposed acquisition of Hawaiian Airlines, it has told the US Department of Transportation (DOT).
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NewsBrazilian legislature approves R5bn in credits for the country’s airline sector
The Brazilian legislature has passed a bill that will provide R5 billion ($914 million) in credits for its struggling airlines.
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NewsQantas expects first A321XLR in April 2025
Qantas has confirmed it will receive its first Airbus A321XLR aircraft in April 2025, a delivery delay of a few months caused by ongoing supply chain issues.
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NewsQantas full-year profit down 16% as yields moderate
Australia’s Qantas Group saw a decline in its full-year earnings, amid falling passenger yields and higher spending to improve its reputation.
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NewsSwiss on-time performance during summer season lags 70% target
Swiss International Air Lines had a “mixed” summer season as the carrier’s on-time performance rose slightly to 64.2% but remained below the company’s target of 70%.
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NewsAustralia could see new LCC entrant Koala Airlines
Prospective low-cost operator Koala Airlines aims to enter the highly challenging Australian market in an attempt to take on incumbents with a “fundamentally” different strategy.
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NewsElliott Investment appeals directly to Southwest shareholders as overhaul fight intensifies
The private equity firm pushing to restructure Southwest Airlines is taking its message directly to shareholders, threatening to orchestrate a hostile takeover should the airline’s board fail to embrace significant change.
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NewsDiscover Airlines pilots and flight attendants vote for four-day strike
Pilots and flight attendants at Lufthansa Group carrier Discover Airlines have said they will go on a four-day strike later this week to pressure the carrier to negotiate new contracts.
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NewsDelta operations chief Spanos to depart for new job weeks after operational meltdown
Delta Air Lines chief operating officer Mike Spanos will leave the company on 31 August after holding the role for little more than one year and earning compensation of nearly $8.6 million in 2023 alone.
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NewsAir Canada pilots vote to authorise strike
Air Canada pilots have overwhelmingly voted to authorise a strike after its union says the airline’s management has ignored pilots’ concerns as negotiations for a new contract drag on.
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NewsMalaysia’s Capital A raises $443 million for AirAsia fleet reactivation
Malaysia’s Capital A has secured $443 million in funding, which will mainly go towards reactivating and refurbishing its grounded fleet.