Strategy – Page 16
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Jet2 converts options on 12 more A320neo-family jets as profits run continues
UK leisure carrier Jet2 has converted options on 12 more Airbus A320neo-family jets to take its firm orders for the type to 110.
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Clark still gets ‘real buzz’ from leading Emirates after delaying retirement
Long-serving Emirates president Tim Clark still gets a “real buzz” from the ”herculean project” of running the Middle Eastern giant, years after he delayed his retirement.
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‘Finally out of the woods’: AirAsia X sheds financially distressed status as profits double
AirAsia X has shed its financially distressed status following an appeal, as it improved its third-quarter earnings on the back of strong passenger recovery.
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US Court approves SAS’ investment agreement with Castlelake consortium
A US court has approved Scandinavian operator SAS’ entry into a formal investment agreement with Castlelake, Air France-KLM, the Danish government and financing company Lind Invest.
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Frontier seeks further foothold in Midwest USA with trio of planned crew bases
Seeking to bolster its presence in the Midwest USA, ultra low-cost carrier Frontier Airlines plans to open crew bases in Chicago, Cleveland and Cincinnati early next year.
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IAG eyes operating margin of 12-15% in medium-term
British Airways and Iberia parent IAG has set itself a medium-term profits target of delivering an operating margin of 12-15%.
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Heathrow ‘actively reviewing’ expansion options under new CEO
London Heathrow airport is reviewing its long-term expansion options, including the possibility of building of a third runway.
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Connect Airlines vows to appeal DOT decision to revoke certificate
The US Department of Transportation (DOT) has revoked certificate authority from Waltzing Matilda Aviation, the Massachusetts company that owns start-up regional carrier Connect Airlines.
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Competition regulator warns Norwegian it is considering blocking Wideroe merger
Norway’s competition regulator has notified Norwegian that it is considering blocking its planned acquisition of domestic carrier Wideroe.
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South Korean LCCs swing to Q3 profit as international travel demand climbs
South Korean low-cost operators T’way Air, Jin Air and Jeju Air continued a profitable streak in their third-quarter earnings, helped by strong international travel demand.
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Copa posts 61% higher Q3 profit as demand climbs
Copa Holdings, the parent company of Copa Airlines, reported a third-quarter profit on higher demand and stable expenses, as the cost of jet fuel fell by one-fifth.
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Singapore Airlines, Philippine Airlines enter into codeshare agreement
Singapore Airlines has entered into a codeshare agreement with Philippines Airlines, adding to its growing list of regional partners.
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Korean Air, Asiana see drop in profit amid rising costs, cargo weakness
South Korea’s two largest carriers reported a decline in their third-quarter profits, as a jump in operating costs outpaced a rise in revenues from increased passenger traffic.
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Cargojet names co-chief executives to succeed Ajay Virmani
Canada’s Cargojet has named two long-time members of its C-suite team as co-chief executives, with current CEO Ajay Virmani to become executive chairman.
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Azul reports record adjusted profit as fleet transition pays off
Brazil’s Azul earned a R1.6 billion ($319 million) adjusted third-quarter operating profit as passenger and cargo demand remained strong during the traditionally weaker southern hemisphere winter season.
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Etihad’s Neves sees aircraft shortage as key challenge
Etihad Airways chief executive Antonoaldo Neves believes supply chain challenges are likely to remain an issue impacting aircraft availability for the next two or three years, as the Abu Dhabi carrier embarks on its third decade with a fresh growth vision.
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Cebu Pacific to ground up to 20 jets through 2024 as PW1100G woes crimp growth
Cebu Pacific expects to ground 10 Pratt and Whitney PW1100G-powered jets in January alone, with up to 20 aircraft likely to be taken out of operations through next year.
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Cebu Pacific flags slower China recovery amid swing to Q3 profit
Cebu Pacific is seeing slow recovery into Mainland China, as it takes a “wait and see” approach to fully restoring capacity into the country.
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Vietnam Airlines becomes AAPA’s newest member
Vietnam Airlines has joined the Association of Asia Pacific Airlines (AAPA), becoming the trade body’s 15th member.
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Thai Airways doubles third-quarter profit despite competition and economic concerns
Thai Airways International nearly doubled its operating profit for the third quarter, amid an uptick in tourism arrivals, and despite concerns over economic uncertainty.