All Strategy articles – Page 50
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NewsAllegiant reports $56m Q1 profit on strong demand, ancillary revenue
Ultra low-cost carrier Allegiant Air’s leisure-oriented business is humming along smoothly and shows no sign of slowing.
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NewsThird of Swiss A220s grounded as Lufthansa boss lists supply constraints
One-third of Swiss’ Airbus A220 fleet is currently grounded amid supply-side challenges that will be a “major driver” of the industry in the coming years, according to Lufthansa Group chief executive Carsten Spohr.
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NewsRising costs eat into Korean Air Q1 profit
Korean Air posted slimmer profits in the first quarter of this year, as rising fuel and operational costs offset an increase in revenue on the back of travel demand recovery.
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NewsLufthansa predicts ‘summer travel boom’ after loss-making Q1
Lufthansa Group says it is on track to exceed its pre-Covid financial performance in the second quarter of the year, despite capacity still being significantly down on 2019 levels, amid strong post-Covid demand for travel.
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NewsIndia’s Go First suspends flights, blames P&W engine woes for insolvency protection filing
Indian low-cost carrier Go First has suspended flights for the next three days and reportedly filed for insolvency protection, laying the blame on “ever-increasing” failures of Pratt & Whitney engines, which it says have left half its Airbus A320neo fleet grounded.
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NewsJAL to operate dedicated freighters after 13-year hiatus
Japan Airlines will introduce dedicated freighters to its fleet for the first time in 13 years, as it seeks a “new business model” to capture “stable and growing demand”.
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NewsJAL swings back to profitability, on ‘steady path’ to growth
Japan Airlines returned to the black in its full-year financial results, buoyed by a strong showing in domestic travel demand and “steady progress” in international recovery.
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NewsProfitability imminent for China’s ‘Big Three’: HSBC
HSBC Global Research believes China’s three largest carriers could return to the black as early as the quarter ended 30 June, amid “robust travel demand” and rising airfares.
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Airline BusinessUnpacking Alan Joyce’s Qantas legacy
Alan Joyce will retire from Qantas in November after 15 years at the helm, and he departs with a mixed legacy, including standing up to worker unions, and seeing the airline through the coronavirus pandemic.
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NewsQantas appoints finance chief as new CEO
Qantas has appointed finance chief Vanessa Hudson as its new airline CEO, making her the first female leader in its 103-year history, and ending months of speculation over the carrier’s leadership succession plans.
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NewsCanada’s Cargojet posts $30.5m Q1 profit amid ‘softer economic conditions’
Canadian operator Cargojet Airways posted a C$30.5 million ($22.5 million)profit amid “softer economic conditions” during the first three months of 2023, compared with a C$56.4 million loss during the first quarter of last year.
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NewsAir Canada’s pilots vote to join pilot union ALPA
Air Canada’s pilots have decided to join much larger pilot union Air Line Pilots, International (ALPA).
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NewsWestJet completes acquisition of competitor Sunwing
Canadian airline company WestJet Group has acquired competing discount carrier Sunwing Airlines, completing a deal that had raised competitive concerns but that WestJet insists will benefit travellers.
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NewsChina’s ‘Big Three’ shave Q1 losses as ‘zero-Covid’ eases
China’s three largest carriers dramatically slashed their red ink in their first quarterly earnings since Beijing eased much of its ‘zero-Covid’ curbs.
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NewsPortugal mandates TAP assessments ahead of privatisation push
Portugal’s government is commissioning two independent assessments of TAP Air Portugal as a precursor to the formal launch of the flag carrier’s privatisation.
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NewsStarlux marks long-haul foray with inaugural Los Angeles flight
Taiwanese operator Starlux Airlines has begun trans-pacific flights to Los Angeles, as it eyes opportunities in the North America-Asia transit market.
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NewsSkyWest misses Q1 profit, ‘making good headway’ on pilot shortage
The carrier may have turned a corner on losing pilots to major US carriers – many of which it contracts with.
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NewsCharter business helps drive Sun Country's first-quarter profit
Sun Country Airlines posted a $38 million profit in the first quarter of 2023, driven partly by the increasing strength of its charter business.
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NewsSouthwest loses $159m in Q1, cuts 2023 capacity expectations
Southwest Airlines still feels lingering effects from its December 2022 operational meltdown and is now feeling squeezed by Boeing aircraft delivery delays.
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NewsAmerican posts Q1 profit of $10m amid ‘dynamic’ air travel demand
American Airlines posted a profit of $10 million – its first first-quarter profit in four years – as demand for air travel remained “dynamic”.