All Strategy articles – Page 66
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Airline BusinessWeathering storms: Avianca survives pandemic, bankruptcy and ‘painful’ changes
The airline recently navigated a series of challenges, from the Covid-19-related travel bans that grounded aircraft throughout Latin America, to financial restructuring and ultimately embracing the model of a discount airline.
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NewsAmerican names May to succeed Kerr as chief financial officer
Long-standing American Airlines chief financial officer Derek Kerr is to step down from 1 January and will be succeeded in the role by Devon May.
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NewsStrong end to 2022 prompts Lufthansa Group to raise full-year profit forecast
Lufthansa Group has raised its full-year operating profit forecast to around €1.5 billion ($1.6 billion), as the final months of 2022 exceed expectations.
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NewsViolent protests halt airport operations in Arequipa
Violent protesters have overrun the airport in Arequipa, Peru, causing the airport’s operator to close the terminal and airlines to cancel flights.
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NewsFinnair extends repayment of €600m loan amid business restructuring
Finnair has extended the period over which it will repay a largely state-guaranteed loan, as it seeks to shore-up its financial position amid the impact of its exclusion from Russian airspace.
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NewsAirAsia Cambodia to be country’s largest carrier: Capital A
Malaysia’s Capital A has outlined the rationale and vision for its new Southeast Asian joint venture carrier, AirAsia Cambodia.
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NewsJetBlue CEO Robin Hayes gets two-year contract extension
JetBlue Airways chief executive Robin Hayes has received a two-year extension on his employment contract, the airline disclosed in a 9 December filing with the US Securities and Exchange Commission (SEC).
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NewsSpirit Airlines pilots get 27% raise in new ALPA-negotiated contract
Spirit Airlines pilots won a 27% pay raise on 9 December in a tentative new deal reached between union Air Line Pilots Association, International (ALPA) and the airline.
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NewsAmerican and JetBlue expand alliance amid looming antitrust decision
American Airlines and JetBlue Airways are expanding their operating partnership with 11 new routes from Boston and New York as a pending decision in a federal antitrust trial challenging their so-called Northeast Alliance (NEA) looms.
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NewsEU ETS reforms upset Ryanair but draw mixed reaction from airline bodies
A provisional agreement on reform of the European Union’s Emissions Trading Systems with regards to aviation has prompted a mixed reaction from airlines.
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NewsVirgin Atlantic livid as UK regulator details interim Heathrow price cap
The UK Civil Aviation Authority has published proposals for an interim price cap on passenger charges at Heathrow airport for 2023, prompting a predictable backlash from airlines including Virgin Atlantic.
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Airline BusinessIATA’s airline profit forecast comes with downside risks
When global airline association IATA held its first in-person Global Media Day for three years this week, it was able to offer more good news on the industry’s progress out of the Covid-19 crisis.
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News‘Small community air service will be a thing of the past,’ RAA warns policymakers
Warning of a potential collapse of air service to smaller cities and rural areas, the Regional Airline Association calls on US lawmakers to intervene amid “declining connectivity for American communities”.
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NewsSaudia continues seeking new US cargo flights amid government negotiations
Jeddah-based Saudia’s lengthy effort to launch more cargo flights to the USA faces more delays amid apparent broader air-rights discussions between US and Saudi officials.
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NewsMadagascar Airlines to lease three Embraer E190-E2 jets
Madagascar Airlines is to take three Embraer E190-E2 jets from lessor Azorra, an executive from the airframer said on 7 December.
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NewsIATA predicts 4% drop in air cargo volumes next year
Air cargo traffic is predicted to drop by a further 4% next year, while yields and revenues are also expected to weaken compared with this year’s levels.
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Airline BusinessRazor-thin airline industry profit projection for 2023 reflects complex web of factors
It is not for nothing that IATA director general Willie Walsh described the challenges faced by airlines going into 2023 as “complex”.
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NewsAir New Zealand forecasts higher profits amid strong travel demand, fuel price decline
Air New Zealand has raised its half-year profit forecast, on the back of “continued” strong travel demand, as well as a steady decline in jet fuel prices, though it flagged several factors that could affect its profitability in the new year.
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NewsMNG Airlines to list on New York stock exchange
Turkish freight specialist MNG Airlines is to list on the New York stock exchange next year after signing an agreement to go public through a business combination with Golden Falcon Acquisition.
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NewsPorter revamps fares and tweaks onboard product ahead of E-Jet arrivals
Canadian carrier Porter Airways has rolled out new fare bundles and several other product updates, including available fresh meals – changes the company says make its economy class the industry’s best.