All Strategy articles – Page 64
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NewsSpirit pilots approve new two-year deal with $463m pay gain
Spirit Airlines pilots voted on 10 January to approve a new two-year union contract that could be renegotiated if the airline’s pending acquisition by rival discount carrier JetBlue Airways collapses.
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NewsPlay picks secondary Toronto airport for first Canada flights
Icelandic low-cost carrier Play will serve its first Canadian destination from June, when it launches service to one of Toronto’s secondary airports.
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NewsGlobal demand for air cargo tailing off: IATA
Global demand for air cargo “softened” in November 2022, the most recent month of data, as carriers continued facing economic headwinds and the pandemic-related cargo boom lost steam.
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NewsSouthwest estimates loss of at least $725m from holiday meltdown
Southwest Airlines estimates losing between $725 million and $825 million due to its nationwide operational meltdown over the busy end-of-year travel period, and warned investors that it anticipates a net loss in the fourth quarter of 2022.
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NewsHorizon Air names Jason Berry senior vice-president of operations
US regional carrier Horizon Air has appointed former Alaska Air Group executive Jason Berry as its senior vice-president of operations.
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NewsHop chief lands at Transavia France as Stubler takes group decarbonisation role
Transavia France chief executive Nathalie Stubler is take a up a new role as special advisor for Air France-KLM ’s decarbonisation strategy and will be succeeded at the leisure unit by the current head of Air France regional carrier Hop.
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NewsRyanair raises profits outlook after strong holiday period
Irish low-cost carrier Ryanair has lifted its full-year profit guidance to a range of €1.325 billion to1.425 billion ($1.4 billion to $1.5 billion) before exceptionals after reporting a strong expected holiday period.
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NewsKenya Airways share suspension extended as restructuring continues
Kenya’s Capital Markets Authority has granted a year-long suspension of share trading in Kenya Airways to give the SkyTeam carrier more time to complete its restructuring.
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NewsRyanair passengers up 5% against 2019 during calendar year
European budget carrier Ryanair carried over 160 million passengers in the 2022 calendar year, 5% more than it flew during the same period in pre-pandemic 2019.
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NewsWizz tops previous passenger highs by 15% in 2022 calendar year
Central European budget carrier Wizz Air carried 15% more passengers in the last calendar year than it did in 2019, its previous high point.
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NewsKorean targets completion of Asiana acquisition in ‘pivotal’ 2023
Korean Air expects to complete its acquisition of compatriot Asiana Airlines this year, as the airline warns of challenges and increased competition in a “pivotal” year.
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PodcastAirline Business Podcast: Standout stories from 2022
Graham and Lewis discuss some of the most interesting developments from the past 12 months
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NewsMesa Airlines finalises new deal with United, reports dismal Q4 results
Amid the upheaval of severing its contract with longtime operating partner American Airlines and finalising a new deal with United Airlines, US regional carrier Mesa Airlines reported a $115.6 million loss during its fiscal fourth quarter.
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NewsSouthwest Airlines prepares to return to normal operations
Southwest Airlines plans to return to normal operations on 30 December following a disastrous end-of-year travel period in which the carrier has so far cancelled more than 12,000 flights over six days.
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Airline BusinessWhich airlines welcomed new aircraft types into their fleets during 2022?
A selection of the aircraft deliveries over the past 12 months that saw airlines welcome new types or variants into their fleets
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Airline BusinessHow far through recovery are African airlines?
The African airline sector has been recovering slowly from the pandemic, as the unwinding of Covid restrictions has compounded financial challenges for several of the region’s highest-profile struggling carriers.
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Airline BusinessHow far through recovery are Middle East airlines?
Middle East carriers are well on the way to restoring pre-pandemic activities following the lifting of Covid restrictions
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NewsUS to reinstate Covid-19 testing requirement for air travellers from China
Starting on 5 January, the USA will begin requiring a negative Covid-19 test or proof of recovery for international air travellers coming from China.
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Airline BusinessHow far through recovery is airline industry?
A year which began with airlines still in the grip of Covid restrictions as the Omicron variant threatened a fresh round of disruption, ended with airlines breaking revenue records in the summer and travel rules being relaxed in the last key market not to have done so, China.
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Airline BusinessHow far through recovery are North American airlines?
A carrier-by-carrier guide to the progress North American airlines continued to make in their recovery from the Covid-19 crisis during the past year and a look at how much further they have to go in 2023.