All Strategy articles – Page 62
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Airline BusinessWhy does United Airlines chief think competitors are ‘in denial’?
Having been outspoken on the path of the Covid-19 pandemic, United Airlines chief executive Scott Kirby is now suggesting his airline’s peers are misreading the industry’s route out of the crisis. “Most, or perhaps all, of our competitors will get on their [earnings] calls… and tell you [it was a] ...
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NewsIndonesia AirAsia ‘planning’ for A330 operations amid fleet ramp-up
AirAsia Aviation Group is planning to operate Airbus A330s from Indonesia for medium- to long-haul operations, as it reiterates its commitment to growing its presence in the country.
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NewsSouthwest end-year meltdown costs $800 million, leads to Q4 loss
Southwest Airlines lost $220 million during the fourth quarter of 2022 after it was battered by a system-wide meltdown during the busiest travel days of the end-of-year holiday season.
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NewsAlaska posts $58m full-year profit on record revenues
Alaska Air Group posted record full-year operating revenues of $9.65 billion in 2022 and a net profit of $58 million for the year.
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NewsPilot shortages holding back American’s expansion
Pilot availability is still limiting the size of American Airlines’ operation, through the carrier says it has ramped pilot training to accommodate its planned 2023 fleet expansion.
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NewsJetBlue posts $24m profit in Q4 as travel spending outruns costs
JetBlue Airways posted a $24 million profit in the final quarter of the year as end-of-year travel spending rose to compensate for higher costs, especially for jet fuel.
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NewsWizz Air summer expansion based on ‘safe’ network growth: Varadi
While Wizz Air plans to increase its capacity 30% this summer, the airline’s chief executive Jozsef Varadi believe this represents a safe way of growing, given expansion is weighted on adding frequencies and has a focus on maturing markets.
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NewsJAL invests in sea-glider start-up Regent Craft
Japan Airlines Innovation Fund, the venture arm of the Japanese carrier, has invested in start-up sea glider developer Regent Craft.
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NewsAmerican turns $127m profit in 2022 as soaring expenses eat into record revenues
American Airlines made a $127 million profit in 2022 as surging expenses offset what was a record year of revenue for the Fort Worth-based carrier.
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NewsWizz sees strong summer ahead as currency gains boost third quarter
European budget carrier Wizz Air is confident of returning to profit and pre-Covid utilisation in the next financial year after more than doubling its revenues in its latest financial quarter.
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NewsAirAsia Aviation units still below half pre-Covid traffic, despite ‘strong recovery path’ in 2022
AirAsia Aviation units were operating at less than half of pre-pandemic capacity – with total passenger volume also far from 2019 levels – despite seeing an “exceptional increase” in demand as international travel resumed in 2022.
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NewsEasyJet expects to beat full-year profit expectations after cutting Q1 losses
EasyJet expects to beat current market expectations for full-year profits after narrowing losses in a stronger than expected first quarter of its financial year.
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NewsUnited takes 10% stake in Mesa Air Group, valued at $10.5m
United Airlines has taken a 10% stake in Mesa Air Group, the parent of Mesa Airlines, valued at $10.5 million.
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NewsAir India merger partner Vistara posts first quarterly profit
Vistara recorded a net profit before currency costs for the three months ending December, the first time the Indian carrier, a joint venture between Tata Sons and Singapore Airlines, has posted a profitable quarter since it began operations in 2015.
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NewsDelta to begin Los Angeles-Auckland flights in October
Delta Air Lines intends in October to begin flying for the first time between Auckland and Los Angeles, becoming the only US carrier connecting the two cities.
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NewsCathay flags steeper full-year net loss, but ‘excited’ about 2023 outlook
Cathay Pacific Group expects to report a steeper net loss for the 2022 financial year on the back of “significant losses” from its associates, but remains “encouraged” about its recovery in the new year.
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Airline BusinessAircraft shortage emerging amid ‘endemic’ delivery delays
Lessor Avolon this week joined other stakeholders in warning that a shortage of commercial aircraft is a growing theme around the world amid “endemic” delays to the delivery of new jets.
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NewsHawaiian Airlines’ pilots to vote on new contract
Hawaiian Airlines’ pilots have come to a tentative agreement with the airline on a new four-year contract.
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NewsColombia’s Aerocivil to again review proposed Avianca-Viva tie up
Colombia’s civil aviation authority has annulled its earlier rejection of a proposed merger between Avianca and financially strapped discounter Viva Air, saying it will restart a review without forcing the companies to re-apply.
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NewsDelta pilots’ union to ballot members after agreeing new contract terms
Pilots at Delta Air Lines are to vote on a new employment contract after union leaders backed a tentative new agreement.