Strategy – Page 47
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NewsSouthwest downplayed ‘serious issues with technology’ to shareholders: class-action lawsuit
A class-action lawsuit has been filed on behalf of shareholders of Southwest Airlines based on allegations that the company downplayed the potential for its ageing crew-scheduling software to derail its nationwide operations.
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NewsBookings and fares strong despite consumer spending concern: Ryanair chief
Bookings and fares are proving resilient to Europe’s economic challenges, according to Ryanair group chief executive Michael O’Leary
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NewsGovernment sale concerns put Mango rescue deal at risk
Administrators at grounded South African budget carrier Mango Airlines have warned that a deal to secure new investors may have to be abandoned after concerns raised by the national government.
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NewsChinese majors to delist from NYSE in February
Two of China’s three largest carriers are to delist from the New York Stock Exchange (NYSE), citing the limited number of shares traded and the sufficiency of its existing listings in Shanghai and Hong Kong.
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NewsUS lawmakers ’seeking answers’ for Southwest’s holiday ‘debacle’
Southwest Airlines is still in hot water, as 15 Democratic senators have signed a 13 January letter to CEO Bob Jordan demanding a detailed explanation of the carrier’s performance during the 2022 holiday travel period.
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NewsDelta ‘not going to get ahead of ourselves’ on China routes: CEO
Delta Air Lines plans to hold back on restoring its flight network to China as it assesses demand following that country’s lifting of all Covid-19-related travel restrictions earlier this month.
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NewsDelta turns $1.3bn profit in 2022 as expenses balloon
Delta Air Lines’ profit surged in 2022 to $1.3 billion, up significantly year-on-year but still depressed from the Atlanta-based carrier’s profit in pre-pandemic 2019.
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NewsAir Canada shakes up senior management team
Lucie Guillemette plans to retire from her position as executive vice-president of Air Canada at the end of April, marking the end of a 36-year career with the carrier.
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NewsAustralian LCC startup Bonza awarded AOC
Australian low-cost operator Bonza has been awarded its air operator’s certificate, paving the way for an imminent launch after lengthy delays.
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NewsOptimistic Hong Kong Airlines targets return to pre-pandemic capacity by 2024
Hong Kong Airlines (HKA) expects to return to pre-pandemic capacity by mid-2024, as it restarts hiring following what it calls a “rapid recovery” in air travel demand.
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NewsAlaska Airlines plans to add 3,500 employees in 2023
Alaska Airlines plans to hire some 3,500 employees for a variety of roles in 2023 – including pilots, flight attendants and customer service agents – to keep pace with its rapidly growing fleet.
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NewsSpirit pilots approve new two-year deal with $463m pay gain
Spirit Airlines pilots voted on 10 January to approve a new two-year union contract that could be renegotiated if the airline’s pending acquisition by rival discount carrier JetBlue Airways collapses.
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NewsPlay picks secondary Toronto airport for first Canada flights
Icelandic low-cost carrier Play will serve its first Canadian destination from June, when it launches service to one of Toronto’s secondary airports.
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NewsGlobal demand for air cargo tailing off: IATA
Global demand for air cargo “softened” in November 2022, the most recent month of data, as carriers continued facing economic headwinds and the pandemic-related cargo boom lost steam.
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NewsSouthwest estimates loss of at least $725m from holiday meltdown
Southwest Airlines estimates losing between $725 million and $825 million due to its nationwide operational meltdown over the busy end-of-year travel period, and warned investors that it anticipates a net loss in the fourth quarter of 2022.
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NewsHorizon Air names Jason Berry senior vice-president of operations
US regional carrier Horizon Air has appointed former Alaska Air Group executive Jason Berry as its senior vice-president of operations.
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NewsHop chief lands at Transavia France as Stubler takes group decarbonisation role
Transavia France chief executive Nathalie Stubler is take a up a new role as special advisor for Air France-KLM ’s decarbonisation strategy and will be succeeded at the leisure unit by the current head of Air France regional carrier Hop.
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NewsRyanair raises profits outlook after strong holiday period
Irish low-cost carrier Ryanair has lifted its full-year profit guidance to a range of €1.325 billion to1.425 billion ($1.4 billion to $1.5 billion) before exceptionals after reporting a strong expected holiday period.
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NewsKenya Airways share suspension extended as restructuring continues
Kenya’s Capital Markets Authority has granted a year-long suspension of share trading in Kenya Airways to give the SkyTeam carrier more time to complete its restructuring.
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NewsRyanair passengers up 5% against 2019 during calendar year
European budget carrier Ryanair carried over 160 million passengers in the 2022 calendar year, 5% more than it flew during the same period in pre-pandemic 2019.