All Strategy articles – Page 60
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NewsMesa Airlines reports fiscal Q1 loss, braces for breakup with American Airlines
Mesa Airlines Group, parent of US regional carrier Mesa Airlines, reports a modest loss in the first quarter of its fiscal year as it prepares to separate from longtime partner American Airlines in favour of a new deal with United Airlines.
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News‘We messed up’: Southwest executive testifies on airline’s holiday meltdown
A Southwest Airlines executive faced grilling from Washington lawmakers regarding the carrier’s system-wide operational meltdown that resulted in the cancellation of 16,700 flights and stranded hundreds of thousands of air travellers at the end of 2022.
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Airline BusinessAirline Business Covid-19 recovery tracker: February 2023 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsMalaysia Airlines parent rejigs leadership team, group structure
Malaysia Aviation Group (MAG) – the parent company of Malaysia Airlines – has reshuffled its senior leadership team and operating structure, as it hopes to break even by this year.
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NewsFrontier reports $40m profit in Q4, capitalises on ‘strong leisure market’
Ultra-low-cost carrier Frontier Airlines reports a $40 million profit in the fourth quarter of 2022 as it continues to see strong demand for leisure travel.
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NewsSpirit names CFO Scott Haralson as executive vice-president following lacklustre Q4
Shortly after reporting a hefty fourth-quarter loss, Spirit Airlines has moved Scott Haralson into the role of executive vice-president and chief financial officer.
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NewsCanada Jetlines appoints Rossen Dimitrov to board of directors
Start-up leisure carrier Canada Jetlines has appointed longtime airline executive Rossen Dimitrov to its board of directors.
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NewsBritish Airways fills South African partner gap with Airlink codeshare
British Airways has sealed a codeshare agreement with South African carrier Airlink, helping to fill the void left by the collapse of long-standing franchise partner Comair last summer.
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News‘Right decision’: AirAsia eyes return of jet operations at Subang airport
AirAsia Aviation has applied to operate up to 10 aircraft at Kuala Lumpur Subang airport, marking an “emotional” return to where it first launched operations, amid government plans to redevelop the airport for jet operations.
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NewsAirAsia teases two new Southeast Asia units; eyes lease of 15 new A321neos
AirAsia Aviation has confirmed plans to lease 15 Airbus A321neos – its first major fleet expansion since the start of the Covid-19 pandemic – as the group looks to launch two more units in Southeast Asia.
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NewsUS DOJ decision on proposed JetBlue-Spirit tie-up expected within a month
Spirit Airlines is expecting a decision from the US Department of Justice (DOJ) on its pending acquisition by rival low-cost airline JetBlue Airways within the next 30 days.
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NewsGlobal airline passenger traffic exceeded two-thirds of pre-Covid levels in 2022
Airline passenger traffic was just over two-thirds of 2019 levels last year, in a 12-month period marked by an initially strong recovery from the Covid-19 pandemic that then plateaued across the last few months of the year.
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NewsSpirit Airlines loses $271m in Q4, searches for ‘sustained profitability’
Spirit Airlines is still searching for “sustained profitability” after losing $271 million during the fourth quarter of 2022, compared with a $87 million loss during the same three months of 2021.
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NewsFAA approves US cargo operations for GlobalX
US carrier Global Crossing Airlines (GlobalX) has received approval from the Federal Aviation Administration (FAA) to begin cargo operations with its Airbus A321F aircraft.
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NewsGlobal air freight demand dropped below pre-Covid levels in 2022
Demand for air freight dropped below 2019 levels last year, as the sector experienced a comedown from the highs recorded in 2021 but still benefited from strong yields.
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NewsUpbeat IndiGo chief welcomes Tata consolidation of Indian airline industry
IndiGo chief executive Pieter Elbers believes Tata Group’s involvement in India’s airline industry is a positive development for all of the country’s carriers, given the maturity it will bring to the market
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NewsPilots seek to block Allegiant-Viva Aerobus joint venture
The union representing Allegiant Air’s pilots has come out against the carrier’s proposed joint business with Mexico’s Viva Aerobus, alleging that it is simply seeking access to cheaper flightcrew.
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NewsIndiGo reports profitable end to 2022 as revenue surges
Low-cost carrier IndiGo recorded record revenue during the three months ending 31 December 2022, helping it to its first net profit since the same period in 2021.
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NewsQantas boss Joyce defends ‘strong safety systems’; says service reliability on the up
Qantas CEO Alan Joyce has hailed the airline’s “strong safety systems” in his first public comments following a spate of mechanical issues to hit the airline at the start of the year.
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NewsUS regional SkyWest loses $47m in final quarter of 2022
In what Skywest Airlines’ chief executive Chip Childs called a “noisy” fourth quarter of 2022, the regional US carrier lost $47 million, compared with a $4 million profit in the same three months of 2021.