All Strategy articles – Page 59
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NewsAir France-KLM expects to exit state aid restrictions in April after swinging to full-year profit
Air France-KLM will in April exit restrictions linked to financial support received from the Dutch and French governments during the pandemic, under plans unveiled as it released its full-year earnings on 17 February.
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Airline BusinessWhat factors are driving Air India’s huge aircraft orders?
Confirmation this week that Air India plans to place bumper aircraft orders with Airbus and Boeing follows months of speculation about the flag carrier’s fleet plans under its new owners, Tata Group. But what factors underpin the need for such huge aircraft commitments?
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NewsAsiana Q4 profits down amid rising fuel costs
Asiana Airlines’ fourth-quarter profits fell despite a rebound in travel demand, as rising costs outpaced an increase in revenues.
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NewsChorus Aviation turns Q4 profit as longtime CEO Randell readies for retirement
Canada’s Chorus Aviation turned a C$45.9 million profit in the fourth quarter of 2022 amid major strategic and leadership transitions, including the looming retirement of longtime chief executive Joseph Randell.
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NewsMexico’s Aeromar ceases operations immediately
Mexican regional carrier Aeromar Airlines has shuttered effective immediately after being unable to secure financial assistance to continue to operate long-term.
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NewsNorwegian looks at extending leases as it braces for more delivery delays
Scandinavian carrier Norwegian is considering extending leases on some of its existing fleet as it braces for further aircraft delivery delays next year.
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NewsNorwegian marks full-year profit return despite Q4 loss
Restructured Scandanavian carrier Norwegian posted an operating profit of NKr 1.5 billion ($147 million) for 2022, after reporting a small loss in the low-demand fourth quarter.
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News787s to make up sizeable portion of ANA fleet by 2030
ANA Holdings’ airline units expect to expand their fleet beyond pre-pandemic numbers by 2030, with Boeing 787s expected to have a significant presence in the future fleet.
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NewsCopa Q4 profit rises to $88.3m as demand for travel climbs
Copa Holdings, the parent of Panamanian flag carrier Copa Airlines, posted a fourth-quarter profit of $88.3 million as demand for air travel across the region rose.
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NewsJetBlue plans major operational expansion in South Florida
Seeking a stronger foothold in South Florida, JetBlue Airways plans to ramp up to more than 250 daily departures from Fort Lauderdale-Hollywood International airport by 2027, including flights to Europe.
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NewsLATAM Airlines Colombia enters Viva Air Colombia acquisition fray
LATAM Airlines Group’s subsidiary in Colombia is interested in “initiating negotiations” to acquire struggling discounter Viva Air, which filed for protection from creditors last week.
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NewsCathay hits million-passenger mark in January as recovery continues apace
Cathay Pacific carried more than a million passengers in January – for the first time in almost three years – as the airline works to increase capacity “as much as possible” in the coming months following the easing of travel restrictions.
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NewsTUI retains full-year profit hopes after strong bookings start to 2023
European travel firm TUI Group is reporting a strong start to the calendar year for bookings in it’s Markets & Airlines division as it reiterated its group guidance for a significant improvement in underlying EBIT for the year to 30 October 2023.
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NewsJetSmart CEO wants to acquire struggling Colombian discounter Viva Air
The chief executive of Chile’s JetSmart has expressed interest acquiring struggling Colombian low-cost carrier Viva Air after that carrier filed for protection from creditors.
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NewsAir Arabia posts record profit as traffic surged back in 2022
Air Arabia posted record net profits for 2022 as strong demand and expansion into new markets helped the low-cost operator surpass pre-pandemic passenger levels.
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NewsJapan’s Skymark Airlines returns to nine-month profit
Skymark Airlines returned to profitability in its nine-month earnings, buoyed by a return of leisure domestic travel demand.
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NewsHawaiian Airlines pilots accept new contract with 32% pay raise
Pilots at Hawaiian Airlines have approved a new contract which will give them an average pay raise of 32% over four years.
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PodcastAirline Business Podcast: Do airline failures belie brighter outlook?
Graham and Lewis discuss the recent collapses of European carriers Flybe and Flyr, asking whether those developments belie a much brighter outlook for the industry in 2023.
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Airline BusinessInvestors see value in airlines as 2023 outlook improves
Our latest airline share-price tracker reflects positive sentiment towards an industry that has plenty of reasons for optimism heading towards the northern hemisphere summer.
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NewsSIA, Vietnam Airlines eye commercial cooperation
Singapore Airlines and Vietnam Airlines are looking to deepen their relationship, following the signing of a memorandum of understanding (MOU) on commercial collaboration.