All Strategy articles – Page 67
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NewsVirgin chief prepped for ‘subdued’ 2023 but no sign yet of bookings impact
Virgin Atlantic chief executive Shai Weiss is braced for a ”subdued” year in 2023 given global economic headwinds and recession in the UK, though he notes the airline has not yet seen these challenges filter through to forward bookings.
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NewsShortage of airframe and engine spares ‘worse than I realised’: IATA chief
IATA director general Willie Walsh has warned that a shortage of airframe and engine spares could weigh on the airline industry’s recovery in 2023.
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NewsIATA forecasts global airline industry will return to profit in 2023
The global airline industry is forecast to achieve a net profit of $4.7 billion in 2023 as the recovery from the Covid-19 crisis continues, according to IATA. That would mark the industry’s first positive result since the pandemic hit in 2020, with airlines on course for a loss of $6.9 ...
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Airline BusinessAirline consolidation comes to the fore in Asia-Pacific
While a consolidation of its various airline interests has been in the works for Tata Sons ever since it acquired Air India in January, confirmation this week of plans to merge Vistara into an enlarged grouping illustrates the scope of ambition for the revamped carrier.
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Airline BusinessHow enlarged Air India sets up two-horse race in Indian market
The consolidation of Tata Group’s airline units stands to transform India’s airline sector, and ratchet up the pressure on smaller carriers.
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NewsAirAsia Aviation sees ‘encouraging’ tailwinds as group returns to black
AirAsia Aviation Group expects further improvement in its performance in the near-term, helped by a continued upswing in travel demand, as the group’s carriers remained profitable for a second consecutive quarter.
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NewsEasyJet chief sees consolidation through retrenchments not mergers
EasyJet chief executive Johan Lundgren believes consolidation in Europe is more likely to happen through legacy carrier retrenchments rather than merger and acquisition (M&A) activity, in part because of state support keeping failing carriers in operation.
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Airline BusinessWhy Capital A is bringing AirAsia and AirAsia X together
An AirAsia consolidation with its medium-haul affiliate AirAsia X would bode well for both carriers – and is a long time coming – given that both companies are starting to overlap in operations.
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NewsFAA faces heat for letting Republic and SkyWest dispatchers work remote
Some US lawmakers are scrutinising the Federal Aviation Administration’s decision to let two regional airlines continue a Covid-19-era practice of allowing dispatchers to work remotely.
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NewsAtlas Air shareholders approve acquisition by Apollo Global Management
US air cargo company Atlas Air Worldwide came closer to going private on 29 November as shareholders voted to approve a pending acquisition by an investor group led by Apollo Global Management.
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NewsEasyJet positions to meet summer restoration of capacity
UK budget carrier EasyJet is taking steps to ensure it and suppliers have sufficient labour to meet a further pick-up in demand, as it aims to return to pre-pandemic capacity levels next summer.
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NewsCapital A to divest airline units to AirAsia X as part of restructuring plan
Capital A has outlined plans to dispose of its airline interests to AirAsia X after seeking an extension from the Malaysian stock market to submit “a holistic regularisation” plan.
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NewsSingapore Airlines agrees deal on Vistara merger with Air India
Singapore Airlines is to take a 25% stake in an enlarged Air India group after agreeing a deal with partner Tata Sons under which it will merge joint-venture operation Vistara with the Indian carrier.
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NewsStrong summer quarter helps EasyJet cut full-year losses
Despite remaining in the red, EasyJet is pointing to a record earnings performance in the quarter ended 30 September, which helped to wipe £1 billion ($1.2 billion) off its full-year losses.
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NewsCathay eyes new freighters, medium-haul aircraft
Cathay Pacific has confirmed it is in talks with airframers over potential orders for new medium-haul and cargo aircraft, as it continues to rebuild its operations after more than two years of depressed travel demand.
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NewsUK competition watchdog ‘to consider’ revised Korean Air-Asiana merger plan
The UK’s Competition and Markets Authority (CMA) is considering approving a revised plan from Korean Air over its proposed acquisition of compatriot Asiana Airlines.
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NewsOttawa International to receive C$4 million taxiway upgrade
The hub of Canada’s capital city, Ottawa International airport, is receiving a nearly C$4 million ($3 million) taxiway upgrade from Transport Canada’s airport infrastructure fund.
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NewsAir Baltic posts profitable third quarter
Latvian carrier Air Baltic posted net profit before exceptionals in the third quarter as it sees an improvement in its financial results.
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NewsLoganair chief eyes Heathrow opportunity
Scottish regional carrier Loganair’s chief executive Jonathan Hinkles believes a shift in thinking at Heathrow airport may help support development of regional connectivity at the London hub after securing permanent slots there. Loganair began flying the Isle of Man-Heathrow route in late 2021, using slots temporarily vacated at Heathrow during ...
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Airline BusinessAirline start-ups still see opportunities as Norwegian legacy lives on
Despite a largely chequered history of results, the airline industry has never been short of new entrants seeking to make their mark in the business.