All Strategy articles – Page 72
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NewsJetBlue squeezes $57m profit in Q3
Positioning itself to consume a rival low-cost airline amid concerns from federal antitrust regulators, JetBlue Airways has reported a $57 million third-quarter profit.
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NewsAir Cote d’Ivoire orders two A330neos
Air Cote d’Ivoire has placed a firm order for two Airbus A330neos as it seeks to expand into long-haul markets
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Airline BusinessCan Argentina’s aviation sector tap growth potential?
Argentinian carriers young and old are seeking to take advantage of a post-pandemic tourism drive in the country, but the growth path ahead is far from certain.
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NewsVolaris keeps foot on growth pedal but fuel costs drag down Q3 profits
Mexican low-cost carrier Volaris lifted revenues a fifth in the third quarter as its strong growth continues, but higher fuel costs dragged down its profits for the period.
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NewsNorthern Pacific upgrades terminal space in Anchorage ahead of 2023 launch
Start-up US airline Northern Pacific Airways has almost completed a $6 million upgrade of the terminal space it is leasing at Anchorage International airport in Alaska.
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NewsRex sees domestic jet operations turn profit in September
Australia’s Regional Express (Rex) reported its first profitable month of domestic jet operations in September.
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NewsAeromexico’s Q3 revenue up from 2021
Newly restructured Grupo Aeromexico, the parent company of Mexico’s legacy carrier, Aeromexico, reports third-quarter profitability and a rebound from the lows of 2021.
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NewsHawaiian to operate 10 A330Fs for Amazon, grants retailer ownership rights
Hawaiian Airlines has agreed to operate at least 10 Airbus A330-300 Freighters for Amazon and has granted the online retailer rights to own 15% of Hawaiian Holdings’ stock.
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NewsEurocontrol assumes no end to Russia and Ukraine airspace restrictions by 2028
Eurocontrol’s baseline expectation is that there will be no return to normal routings through Russian or Ukrainian airspace by the end of its 2028 traffic forecast window.
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NewsAirlines warned lack of common ESG metrics could limit access to capital
The airline industry is putting its access to capital at risk by failing to adopt standardised sustainability metrics, according to speakers at the Aviation Carbon 2022 event in London on 17 October.
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NewsAustralian competition watchdog seeks to block Virgin Australia-Alliance partnership renewal
Australia’s competition watchdog is proposing to reject an extension of a charter partnership between Virgin Australia and Alliance Aviation, citing concerns that it could “eliminate competition” in the lucrative Fly-In, Fly-Out (FIFO) market.
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NewsUS transportation chief squarely blames airlines for last summer’s operational meltdown
US transportation secretary Pete Buttigieg is insisting that airlines, not the Federal Aviation Administration, are primarily responsible for last summer’s US air travel meltdown, saying airlines scheduled more flights than they could staff.
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NewsAlaska Airlines posts Q3 profit despite higher fuel prices, new labour deals
Alaska Air Group turned a narrow profit in the third quarter, reporting income of $40 million for the three months ending 30 September.
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NewsAmerican earns nearly $500m in third-quarter profit
American Airlines turned a $483 million profit in the third quarter of 2022, more than double its profit in the same period last year and also up from the comparable 2019 pre-pandemic period.
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NewsLack of clarity on aviation’s non-CO2 effects ‘creates risk’ in net-zero push
Commercial aviation must monitor the science relating to the impact of non-CO2 factors on climate change, according to speakers at the Aviation Carbon 2022 conference in London on 17 October.
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NewsJetBlue-Spirit deal approved by Spirit shareholders
Shareholders of Spirit Airlines approved on 19 October JetBlue Airways’ $3.8 billion bid to purchase the low-cost carrier, potentially signalling a dramatic shift in the North American discount airline market.
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NewsCanadian start-up Lynx Air charts course with new chief operating officer
Canadian start-up airline Lynx Air named Jim Sullivan as its new chief operating officer on 18 October as the company seeks to carve out a place among North American discount carriers.
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NewsSouth Korea’s T’way Air enters long-haul market with Sydney launch
South Korean low-cost operator T’way Air is to launch flights to Sydney in December, marking its foray into the long-haul market months after adding widebody aircraft into its fleet.
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NewsUnited upbeat on profits path after revenues surge in strong third quarter
United Airlines expects its adjusted operating margin to top 2019 levels for the first time in the fourth quarter after reporting a strong three months ending 30 September in which revenues were 13% above pre-pandemic levels.
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NewsFlyExclusive to become public company by joining with EG Acquisition
Private charter jet operator FlyExclusive is the latest aviation company hoping to benefit from a merger with a special purpose acquisition company (SPAC).