All Strategy articles – Page 87
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NewsNorwegian talks to Airbus and Boeing over desire to own 'maybe over 50%' of its fleet
Scandinavian low-cost carrier Norwegian has ambitions to own a significant proportion of its fleet, as looks beyond the leased capacity already secured for the 2023 summer season.
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NewsCopa touts business model in the face of Abra challenge
Copa Airlines is confident it can overcome challenges the new tie-up between Avianca and Gol will present in Latin America, though the deal does create uncertainty about Copa’s planned joint venture with Avianca and United Airlines, Copa’s chief executive says.
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NewsScoot chief to take the helm of Air India
Scoot chief executive Campbell Wilson is to step down from the SIA Group low-cost unit in mid-June to head newly-privatised Air India.
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NewsCopa posts $20m profit in first quarter, warns of high jet fuel prices
Copa Holdings, the parent of Panama’s Copa Airlines, says the first quarter of 2022 was profitable, but higher jet fuel prices will weigh on earnings during the next few months.
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NewsSpirit shareholders will vote on Frontier proposal on 10 June
Spirit Airlines’ shareholders will vote on the acquisition proposal from Frontier Airlines early next month, the company has said in a filing with the US Securities and Exchange Commission.
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NewsLATAM sees ‘substantial improvement’ in quarterly results
LATAM Airlines Group reports “substantial improvement” in earnings during the first quarter of 2022, though market conditions remained challenging for the Chilean flag carrier.
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NewsHawaiian invests in Regent seagliders
Hawaiian Airlines has made a strategic investment in all-electric seaglider developer Regent, viewing the company’s in-development craft as having potential to operate inter-island routes.
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NewsAvianca and Gol join to form holding company
Latin American carriers Avianca and Gol have agreed to join operations under a UK-based holding company while maintaining individual brands, a move intended to create long-term stability in the post-coronavirus environment.
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Airline BusinessWillie Walsh on the airline sector’s route to recovery and a sustainable future
A year since taking the helm at IATA, the former IAG chief is keeping the pressure on regulators and suppliers not to derail airlines’ journeys out of the depths of the pandemic and on to profitability, while supporting the industry’s move to the front foot in tackling its environmental challenges
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NewsFrankfurt airport operator sees full year profits after improved first quarter
Frankfurt airport operator Fraport expects a group net profit for the full year as it sees passengers at the German hub reaching up to 65% of pre-crisis levels in 2022 and “dynamic” growth across its wider airport portfolio.
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NewsTaiwanese carriers swing to Q1 profits
Taiwan’s two major carriers rebounded to the black for the first quarter of 2022, as revenue growth outpaced rising operating costs.
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NewsMesa fiscal second quarter ‘very disappointing’
Mesa Airlines, which flies regional jets for United Airlines, American Airlines as well as Boeing 737 freighters for DHL, continues to suffer under pilot attrition, leading it to post a loss for the second quarter of fiscal 2022.
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NewsCorporate travel, cargo drives Azul’s earnings higher
Brazil’s Azul reported sharply higher revenue during the first quarter of 2022 as corporate travel increases and the company’s logistics business thrives.
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Airline BusinessRyanair’s director of sustainability on SAF, Max, offsets and ensuring ‘the polluter pays’
European low-cost giant Ryanair has not always been known for its commitment to environment issues, but group chief executive Michael O’Leary’s conversion to the cause in recent years has come alongside an effort to put sustainability at the forefront of its strategy.
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Airline BusinessLATAM Airlines Group’s sustainability chief on targets, collaboration and SAF progress
When your airline group is based in a region that has natural resources sometimes described as the “lungs of the world”, the imperative to act on climate change is keenly felt.
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NewsEVA Air orders additional 777F amid strong cargo demand
EVA Air has ordered one Boeing 777 freighter, as the airline eyes opportunities in a buoyant cargo market.
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NewsIAG hopeful of clearance to take 20% of Air Europa in next six months
IAG chief executive Luis Gallego is hopeful the group will be cleared to take a 20% stake in Air Europa within the next six months as it continues efforts to finalise its on-off deal for the Spanish carrier.
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NewsIAG sees profits from second quarter onwards on summer ramp-up
European airline group IAG expects to be profitable from the second quarter and for the year as a whole on sharply ramped-up operations, after cutting operating losses before exceptionals by a third to €754 million ($797 million). The British Airways and Iberia parent reported a more than trebling of revenues ...
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Airline BusinessHas the golden age of Chinese air travel come to an end?
For three decades it has been an article of faith that China is the future of the world’s airline and aviation businesses, but trends suggest a darker path ahead.
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NewsSun Country reports profit as scheduled service demand soars
Sun Country Airlines has reported a first-quarter profit as customer demand in its scheduled service segment grew quickly following an Omicron-driven dip early in the year.