Strategy – Page 23
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News
Inflation's 'biggest spike is behind us': Alaska Airlines CFO
Still facing cost increases on some fronts, Alaska Air Group's leadership believes it has successfully navigated the worst of industry-wide inflation related to the Covid-19 pandemic.
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News
JetBlue decries ‘startling switch in positions’ in federal antitrust lawsuits
JetBlue Airways has accused the US Department of Justice of “taking inconsistent positions” in respective lawsuits to break up JetBlue’s Northeast Alliance with American Airlines and block its proposed acquisiton of Spirit Airlines.
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News
JetBlue commits some Spirit assets in Northeast USA and South Florida to Allegiant
JetBlue Airways has entered a second divestiture agreement with a rival low-cost carrier – this time, Allegiant Air – as part of its bid to acquire Spirit Airlines.
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News
Northern Pacific Airways to rebrand itself as New Pacific Airlines
US start-up carrier Northern Pacific Airways plans to rebrand itself as New Pacific Airlines rather than fight a trademark lawsuit.
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News
GlobalX lands deal for financing and construction of new South Florida MRO hangar
US charter carrier GlobalX has reached an agreement with Sheltair Aviation for the financing and construction of a new maintenance facility in South Florida that will support the airline’s fleet growth plan.
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News
Aegean Airlines eyes full-year profits high after strong second quarter
Greek carrier Aegean Airlines expects to post record full-year profits for 2023 after disclosing pre-tax earnings for the second quarter of €67.3 million ($72.2 million).
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News
WestJet appoints board members Cruz and Smith as vice-chairs
The WestJet Group has appointed longtime airline executives Alex Cruz and Ben Smith as vice-chairs of its board.
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News
US carriers adjust Q3 expectations due to surging fuel costs and extreme weather
US airlines are adjusting their third-quarter financial expectations in response to higher-than-anticipated fuel costs and extreme weather events that have disrupted operations throughout North America.
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News
Hawaiian revises Q3 earnings expectations down due to engine issues and Maui wildfire
Hawaiian Airlines has adjusted its third-quarter earnings expectations down following issues with its Pratt & Whitney engines and a devastating wildfire on the island of Maui that reversed the carrier’s third-quarter earnings trends.
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News
United briefly grounds departures nationwide due to ‘technology issue’
A “technology issue” halted the departure of all United Airlines flights nationwide on the last day of the traditionally busy Labour Day holiday long weekend, and the end of the northern hemisphere’s summer travel season.
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News
Lufthansa plots growth for rebranded leisure unit Discover Airlines
Lufthansa Group has dropped the Eurowings name from its newest leisure unit as part of a rebranding which will support Discover Airlines’ growth with six more aircraft over the coming year and expansion at Munich airport.
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Podcast
Airline Business Podcast: Strong financials, market ‘normalisation’ and start-up stories
Graham and Lewis look back on another strong set of quarterly results from the global airline industry, while considering whether the coming months will see ‘normalisation’ in more markets.
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News
Jet2 appoints chair to succeed Meeson
UK leisure carrier Jet2 has named existing director Robin Terrell as non-executive chairman, as long-standing leader Phillip Meeson steps down after four decades with the airline.
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News
China’s ‘Big Three’ on track for profits in Q3 amid ‘positive’ international recovery: HSBC report
China’s three largest carriers could all turn profitable in the second half of the year on the back of improving revenue and passenger travel demand, according to a HSBC Global Research report.
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News
Qantas CEO Joyce announces early exit amid string of controversies
Qantas chief Alan Joyce will step down from the airline effective immediately – two months earlier than planned – amid mounting public anger over a string of controversies in recent weeks.
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News
Allegiant decries DOT decision as favouring ‘oligopolistic’ carriers over discounters
Allegiant Air is railing against the US government’s decision to suspend review of the airline’s proposed joint venture with Mexican ultra-low-cost carrier (ULCC) Viva Aerobus.
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News
Bermudair delays service start due to Hurricane Franklin
Bermudair has delayed its inaugural flights to the USA due to severe weather and now plans to launch 1 September.
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News
Monarch revival in doubt as funding runs out
An effort to revive UK leisure carrier Monarch Airlines has stalled, barely two weeks since its relaunch was announced.
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News
Revenue jump helps privatisation target TAP swing to first-half profit
Privatisation target TAP Air Portugal turned a net profit of €22.9 million ($24.9 million) in the first half of the year, a marked improvement on losses at the same stage of 2022.
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News
Rex says pandemic’s ‘legacy effects’ to blame for full-year losses
Australia’s Regional Express (Rex) remained in the red in its full-year earnings, as it laid the blame on the “legacy effects” of the Covid-19.