All Strategy articles – Page 71
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NewsStrong summer lifts Jazeera past 2019 passenger levels over first nine months
Kuwaiti low-cost carrier Jazeera Airways lifted operating profits by 25% to KD16.1 million ($51.8 million) in the third quarter on a doubling of revenues.
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NewsRevenue surges but Air Canada loses C$508m in Q3
Air Canada’s revenue more than doubled compared with its third quarter of 2021 but the flag carrier still lost C$508 million ($373 million) in the three months ending 30 September.
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Airline BusinessVueling heads IAG carrier capacity and profits return
Spanish low-cost carrier Vueling is leading the pace in restoring capacity and profit returns among IAG carriers as the group sees all but British Airways and Level operating at or above 2019 ASKs in the first quarter of next year.
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NewsAir France-KLM eyes TAP, Transavia and territories for growth as ITA deadline nears
Air France-KLM is studying consolidation opportunities in Europe and beyond as the exclusivity period for negotiations on an ITA Airways stake comes to an end, but also cites firm plans to expand within the limits of its current operations.
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NewsIAG sees full-year operating profit of €1.1bn after confirming strong third quarter
European airline group IAG expects to post an operating profit of €1.1 billion ($1.1 billion) before exceptionals for the full-year after confirming a strong third quarter in which all of its carriers were back in the black.
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Airline BusinessIndustry primed for e-commerce as Hawaiian signs Amazon deal
News on 21 October that Hawaiian Airlines has agreed to operate at least 10 Airbus A330-300 Freighters for Amazon comes as more airlines benefit from e-commerce demand. “This relationship provides a catalyst to grow our business and the unique opportunity to diversify our revenue sources while capitalising on our established ...
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NewsAir France-KLM operating profit tops €1bn in Q3 despite Schiphol challenges
Air France-KLM expressed confidence about the winter demand outlook as it reported an operating profit of €1.02 billion ($1.02 billion) for the third quarter of 2022.
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NewsDespite pilot shortage, SkyWest turns $48m Q3 profit
SkyWest made a $48 million profit in the third quarter despite its “crew imbalance” related to the global pilot shortage, chief executive Chip Childs said 27 October.
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NewsGol to add more 737 Max 10s from 2027 and taps ‘white-tail’ market
Brazilian carrier Gol has struck a deal with Boeing covering delivery of a dozen 737 Max 10 jets from 2027 as part of fleet plans which will also see it take ‘white-tail’ aircraft to help reach its target of having 44 Max aircraft by year-end.
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NewsRiding strong demand, Southwest Airlines posts $277 million Q3 profit
Southwest Airlines reported a profit of $277 million in the third quarter thanks to “robust” demand for discount air travel, says chief executive Bob Jordan on 27 October.
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NewsFrontier Airlines turns $33m Q3 profit on strength of demand for leisure travel
Frontier Group Holdings, parent of Frontier Airlines, reported a profit of $33 million in the third quarter of 2022 – the second consecutive profitable quarter for the Denver-based ultra-low-cost carrier (ULCC).
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NewsAmid slow recovery, Spirit Airlines loses $36.4m in Q3
Buffeted by hurricane winds, higher fuel costs and operational constraints, Spirit Airlines reported a loss of $36.4 million in the third quarter of 2022.
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NewsSurging revenue returns Gol to Q3 operating profit
Brazilian low-cost carrier Gol posted record revenues of R$4 billion ($750 million) and the highest yields in its history during the third quarter.
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NewsIAG confirms order for 37 more A320neos after shareholder approval
British Airways and Iberia parent IAG has confirmed an order for 37 A320neo aircraft, after its shareholders approved the purchase on 26 October. The order was announced in late July and followed agreements earlier in the year for 22 A320neo-family jets, meaning IAG has now made firm commitments for 59 ...
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NewsShortage of 787 cockpit windows reflects industry-wide supply constraints: Lufthansa chief
Lufthansa Group chief executive Carsten Spohr continues to insist that the global aviation industry will see constrained capacity for the foreseeable future as it seeks to serve resurgent demand for air travel.
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NewsLufthansa earmarks three A380s for 2023 return and expects more to follow
Lufthansa is planning to return three Airbus A380s to its Munich base from June next year, but is also working on a plan to increase that number.
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NewsLufthansa Group reports strong forward demand as Q3 profit exceeds €1bn
Lufthansa Group is expecting strong demand for air travel to continue “into the coming months”, despite the economic and geopolitical headwinds faced by the airline industry and wider economies.
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NewsWestJet’s acquisition of Sunwing raises red flags from competition regulator
A Canadian business-competition regulator has raised concerns about WestJet’s proposed acquisition of rival Sunwing Airlines, citing a “substantial lessening or prevention of competition in the sale of vacation packages to Canadians”.
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NewsNorwegian saw historic-high unit revenue during profitable third quarter
Scandinavian carrier Norwegian achieved an operating profit of NKr1.03 billion ($100 million) during the third quarter of 2022, driven by high unit revenue.
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NewsHawaiian Airlines loses $9.3m in Q3 as ‘international network is still rebuilding’
Hawaiian Holdings, parent company of Hawaiian Airlines, reported a third-quarter loss of $9.3 million as the carrier continues its pandemic recovery.