Strategy – Page 157
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NewsSpiceJet third quarter profits up a third despite 737 Max grounding costs
Indian budget carrier SpiceJet saw a 33% year-on-year uptick in operational profit during the third quarter following the expansion of its fleet and addition of new routes in 2019. Operating profit rose to Rs732 million ($10 million) during the third quarter ending in December, up from Rs550 million for the ...
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NewsTurkey’s aviation regulator confirms AtlasGlobal suspends flights
Turkey’s directorate general of civil aviation has confirmed that struggling carrier AtlasGlobal has suspended flights and is to file for bankruptcy.
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NewsPassenger growth lifts Singapore Airlines’s third-quarter results
Singapore Airlines’ group operating profit grew 15.7% during the third-quarter to S$449 million ($323 million) on the back of strong growth in the passenger business, and despite declining cargo earnings.
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NewsFormer Jet Airways chief Dube takes top role at India’s GoAir
Former Jet Airways chief executive Vinay Dube has taken up the same role at Indian low-cost carrier GoAir.
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NewsFormer United Airlines executive aims to launch new airline
A former United Airlines executive has raised $125 million to launch a new budget airline in the US by the end of the year.
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NewsCopa net profit jumps as Max crisis drags on
Higher travel demand and low fuel costs offset lost revenue opportunities as Panama’s Copa Airlines continues to post strong earnings even while struggling with the ongoing effects of the Boeing 737 Max crisis.
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NewsNorwegian yet to find profitable long-haul model: chief
Norwegian’s new chief executive Jacob Schram has acknowledged that the Scandinavian budget carrier has yet to find a way of making its long-haul operation profitable.
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NewsSA Express confirms business rescue restructuring move
SA Express’ operations are continuing as normal after the South African regional and domestic operator confirmed it is now under a formal business rescue restructuring process
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NewsComair blames Max delay and SAA debt for expected first-half loss
South African carrier Comair warns that it expects to post a loss for the six months ending 31 December 2019 because of the ongoing Boeing 737 Max grounding and an unpaid debt by South African Airways.
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NewsNorwegian plans deeper capacity cuts in bid for 2020 profit return
Restructuring low-cost carrier Norwegian is targeting a net profit for the coming year on deeper capacity cuts after progress on its turnaround in 2019 was clipped by the impact of the Boeing 737 Max grounding and Rolls-Royce engine issues.
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NewsEurowings promotes sales head to chief commercial officer
Eurowings has promoted its vice-president of sales Oliver Schmitt to become chief commercial officer of the Lufthansa low-cost unit.
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NewsCathay details flight suspensions caused by coronavirus
London Gatwick, Rome and Washington Dulles are among a raft of international routes that are being suspended until the end of March by Cathay Pacific as it seeks to conserve cash during the ongoing coronavirus outbreak.
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NewsJAL looks to May launch of long-haul, low-cost carrier Zipair
Executives from Boeing, Japan Airlines and long-haul, low-cost offshoot Zipair are talking up the new carrier’s pending launch of passenger flights.
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NewsJapanese start-up Zipair indicates plans for transpacific flights
Japanese start-up Zipair is positioning itself as a mid- to long-haul carrier and has plans for transpacific flights.
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NewsRyanair chief marketing officer steps down
Ryanair’s chief marketing officer, Kenny Jacobs, is leaving the airline after six years in the role.
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AnalysisCoronavirus to hit harder than SARS
The coronavirus outbreak may be costing the aviation sector more than the Severe Acute Respiratory Syndrome (SARS) did in 2003, even as the world is just coming to terms with the new strain.
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NewsIcelandair reiterates interest in potential Airbus order
Icelandair intends to decide over “the next few months” whether to introduce Airbus types to its all-Boeing fleet.
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NewsIcelandair counts costs of 737 Max grounding
Icelandair Group estimates that the Boeing 737 Max grounding has had a net negative effect of $100 million on the company’s EBIT to date.
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PodcastAirline Business Podcast – airlines grapple with coronavirus impact
Join executive editor Graham Dunn and managing editor Lewis Harper as they discuss a tough start to the year for airlines
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NewsFranchise partner Airlink steps in to retain four axed SAA routes
Airlink is to continue operating in its own right four of the routes being axed by its franchise partner South African Airways at the end of the month.