All Strategy articles – Page 6
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NewsSouthwest seeks fresh revenue direction with Tim Lyon as new pricing vice-president
Needing to shake up what critics say is a stagnant revenue model, Southwest has created a new role to shape its pricing strategy.
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In depthAircraft shortages push US carriers to pause pilot-hiring spree
A pilot shortage that had gripped the US regional airline industry is finally easing, at least temporarily, due to aircraft production and maintenance issues that have left much larger US airlines with fewer-than-anticipated jets.
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Airline BusinessAeromexico’s Q2 profits climb amid pending stock offering
Aeromexico turned a $242 million profit in the second quarter of 2024, a significant year-on-year improvement coming as the airline continues working toward an initial public offering on the New York Stock Exchange.
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NewsAlaska acquisition of Hawaiian clears major regulatory hurdle
Alaska Airlines says the time period for the US Department of Justice (DOJ) to complete its review of its proposed $1.9 billion acquisition of Hawaiian Airlines has expired, without apparent objections.
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NewsSpiceJet embarks on $357m fundraising as quarterly profit shrinks
Indian low-cost operator SpiceJet is attempting to raise over $350 million to “stabilise” its operations and financial position.
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NewsRex regional operations get Australian government guarantee
The Australian government will guarantee the regional operations of beleaguered carrier Regional Express (Rex), as the airline works through voluntary administration.
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NewsCurrency and capacity pressures push Brazil’s Gol to R3.9bn loss in second quarter
Brazil’s Gol posted a second-quarter loss of R$3.9 billion ($700 million) as an unfavourable exchange rate hit the company’s earnings, and passenger capacity fell, denting revenues.
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NewsSouth Korean low-cost operators see collapse in profitability amid rising costs
South Korean low-cost operators felt the impact of rising costs in the second-quarter, with two swinging to losses for the first time since 2022.
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NewsUS judge throws out consumer lawsuit against Alaska acquisition of Hawaiian
A US judge has dismissed a lawsuit against Alaska Airlines’ planned acquisition of Hawaiian Airlines due to the plaintiffs’ lack of standing.
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NewsStrong airline experience among Elliott’s picks as Southwest board replacements
Activist shareholder Elliott Investment Management has put forward 10 candidates – including former airline chiefs David Cush and Gregg Saretsky – to replace Southwest Airlines’ board, which it sees as “profoundly out of touch” with investors following a series of blunders earlier this year.
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NewsAzul reports R$3.9b loss as value of Brazilian real tanks
Azul posted a R$3.87 billion ($703 million) loss for the second quarter of the year after the devaluation of the Brazilian real to the dollar, as well as higher fuel costs, hit the company’s earnings.
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NewsThai carriers remain profitable but rising costs bite
Thailand’s two full-service operators were in the black in their second-quarter earnings, as passenger traffic grew and revenues remained strong.
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NewsPAL blames yield ‘pressures’, rising costs for drop in Q2 profit
Philippine Airlines (PAL) will implement “a disciplined investment plan” in the near term, as it reported a steep decline in second-quarter profitability amid yield “pressures” and an rise in operating costs.
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PodcastAirline Business Podcast: What’s going on in Europe’s earnings season?
Graham and Lewis discuss the confusing picture that has emerged in the first half of the earnings season in Europe, plus the actions under way at US low-cost carriers as they seek to boost revenues and what might be in store in the Asia-Pacific region. They then look back at ...
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NewsPanama’s Copa Airlines second-quarter profit reaches $120m
Panama-based Copa Holdings, parent of Copa Airlines, posted a $120 million profit in the second quarter as the company committed to cost savings and as passenger demand remained high.
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NewsLATAM Airlines Group second-quarter profit flat at $145m
Increased international demand boosted LATAM Airlines Group’s second quarter results as the Santiago-based company posted a profit of $145 million.
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NewsQantas docks ex-CEO Joyce’s final payout as report bares ‘considerable’ brand damage
The board of Qantas will cut former chief executive Alan Joyce’s final renumeration by more than A$9.2 million ($6 million), contending that some of his leadership decisions caused “considerable harm” to the airline’s reputation.
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NewsAir Canada second-quarter profit slides to C$410m amid a tough international market
Air Canada posted a profit of C$410 million ($298 million) during the second quarter, a decline of more than 50% from the same period last year, as costs rose and load factor as well as yields declined in an ever-tougher international market.
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NewsHigher fuel, manpower costs dent Korean Air Q2 profits
Korean Air reported a drop in its second-quarter operating profit, despite posting record revenues on the back of strong passenger and cargo demand.
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NewsCathay’s first-half profit down amid yield decline, rising fuel costs
Hong Kong’s Cathay Pacific group remained in the black its half-year earnings, though it saw its operating profit decrease on the back of shrinking yields and rising fuel costs.