All Strategy articles – Page 68
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NewsRex to turn profitable by end-June
Australia’s Regional Express expects to report a profit for its current financial year, which ends on 30 June 2023, as its domestic jet operations continue to be profitable.
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NewsRwandAir takes delivery of first freighter
Central African carrier RwandAir has taken delivery of its first dedicated freighter as it seeks to expand its cargo operations.
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NewsJet2 lifts full-year outlook after return to profit in first half
UK leisure carrier Jet2 outstripped pre-crisis profits for the six months ended 30 September, returning to the black on surging demand after markets reopened as Covid restrictions ended.
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NewsLufthansa partner on ITA bid MSC drops out of running
Swiss shipping firm MSC Group, which had been working with Lufthansa on a bid for ITA Aiways, has dropped its interest in taking part in the privatisation of the Italian national carrier.
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NewsIATA chief sees balanced load factors as sign of sustainable recovery
IATA director general Willie Walsh believes load factors in the highly profitable third quarter for airlines illustrate capacity has been well-matched to demand and provides reason for optimism that recent profitability is sustainable even with economic headwinds ahead.
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News‘We are back indeed’: AirAsia X swings to quarterly profit
AirAsia X swung back to profitability in its latest quarterly earnings, helped by strong recovery in passenger traffic amid “significant consumer demand”.
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NewsCanadian ULCC Swoop fined for failing to refund passengers for Covid-19 disruptions
Canadian ultra-low cost carrier Swoop was fined $175,000 in civil penalties by the US Department of Transportation (DOT) for failing to provide timely refunds to passengers who had flights cancelled or significantly delayed due to the Covid-19 pandemic.
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NewsThanksgiving travel surges on busiest day for US airlines
The surge in air travel for Thanksgiving is cresting for US airlines as more than 48,000 flights are scheduled for 22 November, the expected high point for the week, according to the US Federal Aviation Administration.
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Airline BusinessDemand for US airline travel faded in October compared to 2019: Bloomberg report
US air travel bookings declined in October, with ticket demand falling “as consumers feel pinched”, according to a 21 November report from Bloomberg Intelligence.
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NewsVirgin Atlantic attaches new conditions to support for third Heathrow runway
Virgin Atlantic is now attaching conditions to its support for the building of a third runway at London Heathrow airport, having previously been “unequivocal” in its backing of the idea.
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Airline BusinessGol chief leads the Brazilian carrier out of the pandemic while still piloting its 737s
Chief executive Celso Ferrer still makes time to fly Gol’s 737s as he navigates the low-cost operator out of the Covid-19 crisis and into a new group structure
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Airline BusinessHas air cargo embraced digitalisation during its moment in the sun?
Having long lagged the passenger industry when it comes to digitalisation, the cargo sector might have seen its best opportunity to change that, thanks to its elevated post-pandemic status
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Airline BusinessMalaysia Airlines’ sustainability chief on ‘seismic’ decisions ahead – and leading Firefly
As the chief sustainability officer of an airline group and leader of a low-cost carrier, Philip See has a unique perspective on the net-zero push
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Airline BusinessStalling steps for European airline consolidation
While several European carriers are seeking – or being touted as – potential acquisition or partnership targets, at present firm progress is still to emerge.
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NewsCathay flags ‘substantial’ 2022 loss despite improving environment
Cathay Pacific Group expects to post a “substantial” full-year loss for 2022, despite being cash positive and seeing good recovery progress through the year-end.
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NewsAsiana sees 43% rise in profits as passenger travel returns
Asiana Airlines improved its quarterly profits, amid an upswing in passenger travel following the easing of domestic and international travel restrictions.
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NewsAir Canada invests C$6.75 million in carbon capture technology
Air Canada has invested C$6.75 million ($5.07 million) to support nascent technology that could potentially pull carbon from the atmosphere at an industrial scale.
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NewsAsia airline leaders see glass-half-full despite continued challenges
Given where passenger travel markets stood in Asia-Pacific this time last year, it is perhaps unsurprising that airline leaders from the region are taking a glass half-full approach to the current state of the market.
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Airline BusinessGaruda chief eyes streamlined, profitable future
The chief executive of Garuda Indonesia is determined that the carrier make the most of its new lease on life following a major restructuring exercise.
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NewsCopa third-quarter profit rises to $116 million
Copa Holdings, the parent company of Panama’s Copa Airlines posted stronger third-quarter earnings as passengers returned to air travel in greater numbers.