Strategy – Page 36
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Finnair cautious on post-summer demand as it welcomes small Q1 profit
Finnair highlighted uncertainty about the durability of high passenger demand as it reported its third consecutive quarterly operating profit amid a strategic overhaul of the business.
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Airlines are maintaining focus on air cargo: IATA chief
Airlines are maintaining the focus on air cargo that they gained during the Covid-19 pandemic, according to IATA director general Willie Walsh.
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Air China to sell eight A330s to cargo unit in fleet rejig
Air China is to sell eight Airbus A330-200s to its cargo unit Air China Cargo in a deal worth up to $114 million, as part of fleet optimisation efforts and to “improve the economic benefits” of aircraft disposal.
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AirAsia units ramp up international capacity amid ‘sustained demand’
AirAsia Aviation carriers see “sustained demand” in international travel demand amid a significant capacity ramp-up in the first quarter of the year, including resuming flights to Mainland China.
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Hong Kong Airlines restructuring gets underway; network, fleet ‘realignment’ to come
Hong Kong Airlines (HKA) expects to undertake a network and fleet “realignment” in the near term, as part of business recovery efforts after it secured investment for its restructuring.
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Avianca fires back at Aerocivil for ‘unfeasible conditions’ on Viva acquisition
Colombian airline Avianca has sharply criticized a decision by the country’s civil aviation regulator on it’s planned acquisition of now-defunct Viva Air.
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Spirit loses $104m as first quarter costs outpace surging revenue
US low-cost carrier Spirit Airlines reports a $104 million loss for the first quarter of 2023, compared with a $195 million loss during the same period last year.
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Colombia’s Aerocivil grants final approval of Avianca-Viva merger
Colombia’s Directorate of Air Transport and Aero-Commercial Affairs, also known as Aerocivil, has formally approved the merger of Avianca and Viva Air.
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Gol grows in a ‘disciplined manner’ in the first quarter of 2023
Gol boosted its first-quarter results as “continues to act in a disciplined manner in managing supply and demand” in the sometimes still unpredictable post-Covid-19 environment.
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Hawaiian posts $98m Q1 loss amid ‘challenging revenue environment’
Hawaiian Holdings, parent company of Hawaiian Airlines, posted a loss of $98 million for the first quarter of 2023, compared with a loss of $133 million last year.
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Five Hawaiian Airlines A321neos grounded, waiting for engines
Five Airbus A321neo aircraft operated by Hawaiian Airlines are grounded due to engine supply chain issues affecting customers of Pratt & Whitney’s PW1100G engines.
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Volaris’ US flying profitable as it eagerly awaits Cat 1 safety upgrade
Volaris said its US flying was profitable during the first quarter of 2023, as it eagerly awaits a safety upgrade by the Federal Aviation Administration so that it can expand its transborder business by the end of the year.
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JetBlue posts $192m Q1 loss, but ‘very prepared’ for busy summer
JetBlue Airways generated record revenues but still posted a $192 million loss during the first quarter of 2023, compared with a $255 million loss during the same three months last year.
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2023 a 'turning point for recovery', domestic competition to be 'mitigated': Air China
Air China believes domestic airline competition “will be mitigated” in the near term, following a bruising year where travel demand collapsed under the pressures of China’s now-scrapped ‘zero-Covid’ policies.
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Air India sees progress with comprehensive tech overhaul
Air India is making headway in a total overhaul of its digital capabilities under its Vihaan.AI transformation plan.
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ANA parent expects higher profits on cost-cutting
ANA Holdings, the parent company of Japanese carrier All Nippon Airways, has revised upwards its full-year profit forecast, amid cost reduction efforts and despite sluggish cargo performance.
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Surging costs and slower demand leave Alaska with $142 million Q1 loss
Alaska Air Group on 20 April become the latest US airline to report a first-quarter loss, swinging $142 million into the red during the three months ending in March.
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Silver Airways narrowly avoids lease termination at South Florida base
US regional carrier Silver Airways has struck a last-minute deal to avoid eviction from its base at South Florida’s Fort Lauderdale-Hollywood international airport due to owing more than $1.4 million in back rent and late fees.
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Corporate customers are back: United Airlines
United Airlines executives say corporate travel has fully returned following an almost-three-year downturn due to Covid-19.
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Australian regulators re-allow Jetstar co-operation for five more years
The Australian Competition and Consumer Commission (ACCC) has granted authorisation to Qantas and Jetstar for the continued cooperation with Jetstar units in Singapore and Japan.