All Strategy articles – Page 72
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NewsLATAM benefits from easing of travel restrictions in Q2
LATAM Airlines Group benefited from increased passenger demand during the second quarter of 2022 as numerous Latin American countries relaxed travel restrictions, making travel easier than it has been for two years.
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Airline BusinessAirline Business Covid-19 recovery tracker: August 2022 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsMesa posts fiscal Q3 loss amid increasing pilot shortage issues
Mesa Air Group, the parent company of Mesa Airlines, posted a loss for its fiscal third quarter as the company’s block hours fell and it continues to suffer from the pilot shortage.
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NewsSun Country sees higher leisure demand, struggles with ‘training challenges’
Sun Country Airlines notched higher revenue during the second quarter of 2022, as leisure travel demand rose. However, the Minneapolis, Minnesota-headquartered carrier joins its airline peers across the USA in struggling with ensuring it has enough qualified and current flight crew to cover all of its needs.
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NewsTitan cuts losses and sees profits ahead after freight expansion
UK carrier Titan Airways highlights the diversification of its activities, including the introduction of Airbus A321 converted freighter operations, as driving a sharp cut in losses for the year ending March 2022 and bright prognosis for the coming year.
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NewsNew Ethiopian Airlines chief aims for near-doubling of fleet under 2035 roadmap
Recently appointed Ethiopian Airlines chief executive Mesfin Tasew has embraced the ‘Vision 2035’ roadmap introduced by his predecessor Tewolde GebreMariam in 2019, as he aims to keep the carrier on an aggressive growth path.
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Airline BusinessAirlines report profits amid troublesome geopolitical and economic outlooks
The current financial results season has seen more airline groups return to profit for the quarter ending 30 June, with many reporting higher-than-expected demand and strong yields in passenger and cargo markets. The latest to report is Lufthansa Group, which today cited a “boom in demand for airline tickets” as ...
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NewsCanada Jetlines delays first revenue flights to 29 August
Start-up leisure carrier Canada Jetlines has pushed back its launch date less than two weeks before it was due to operate its inaugural flight.
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NewsAtlas Q2 revenue climbs to $1.2b due to greater cargo demand
Atlas Air Worldwide Holdings, the parent of cargo and passenger carrier Atlas Air, profited from greater cargo volumes amid restricted capacity in the second quarter of 2022.
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NewsApollo-led investor group to acquire Atlas Air Worldwide for $5.2bn
US freight and passenger carrier Atlas Air Worldwide Holdings has agreed to be acquired by an investor group led by Apollo Global Management in an all-cash deal worth $5.2 billion.
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NewsAirbus and Boeing delays add to ‘global supply bottleneck’: Lufthansa chief
Aviation is facing a “global supply bottleneck”, in the view of Lufthansa Group chief executive Carsten Spohr, which will constrain capacity going into 2023 and support “sustainable” yields at the European airline group. “The times of overcapacity as we have seen, for example, right before the pandemic, we believe are ...
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NewsIndiGo’s international market rests on domestic strength
Indian low-cost carrier IndiGo views its dominance in India’s domestic market as a key element in its international growth strategy.
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NewsLufthansa Group reports Q2 profit despite disruption keeping airlines in red
Lufthansa Group achieved an operating profit of €393 million ($400 million) in the second quarter of this year and is “optimistic” for the full year, even as disruption-related costs kept its airlines unit in the red. The group’s cargo business was a standout performer for the three months to 30 ...
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NewsAllegiant posts higher Q2 revenue as costs also soar
Allegiant Travel Company, the parent of low-cost carrier Allegiant Air posted higher revenue and a small profit during the second three months of 2022 as expenses climbed.
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NewsCopa Airlines boosts second-quarter revenue to $693m
Panama-based Copa Holdings, the parent of Copa Airlines, reported higher second-quarter profit and revenue amid a difficult operating environment.
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NewsAmerican Airlines teams up with ZeroAvia to develop regional jet engine
American Airlines and zero-emissions propulsion specialist ZeroAvia have teamed up on a project to develop an engine for regional jet aircraft.
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NewsRyanair exceeded pre-Covid passenger numbers by 2 million in July
Ryanair continued to reach new traffic highs in July, as it served 16.8 million passengers – some two million more than it recorded for the same month of 2019 and 0.9 million up on the previous all-time record seen in June this year. The Irish carrier and budget rival Wizz ...
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NewsJetBlue Q2 revenue and costs rise, plans to integrate Spirit underway
JetBlue Airways boosted revenue in the second quarter of 2022 and has begun making preparations to swallow its newest prize, ultra-low-cost carrier Spirit Airlines.
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NewsAir Canada Q2 revenue surges as it experiences rapid ramp-up
Air Canada slashed its quarterly loss as travel demand soared, and the company experienced “one of the steepest ramp-ups compared to any other airline in the western world”.
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NewsBritish Airways temporarily limits Heathrow short-haul ticket sales
British Airways is limiting sales of tickets for its short-haul flights from London Heathrow Airport for at least one week, citing an earlier request from the hub to restrict new bookings. Heathrow announced in mid-July that it would cap daily departing passenger numbers for the summer peak season at 100,000, ...