Strategy – Page 48
-
NewsWizz tops previous passenger highs by 15% in 2022 calendar year
Central European budget carrier Wizz Air carried 15% more passengers in the last calendar year than it did in 2019, its previous high point.
-
NewsKorean targets completion of Asiana acquisition in ‘pivotal’ 2023
Korean Air expects to complete its acquisition of compatriot Asiana Airlines this year, as the airline warns of challenges and increased competition in a “pivotal” year.
-
PodcastAirline Business Podcast: Standout stories from 2022
Graham and Lewis discuss some of the most interesting developments from the past 12 months
-
NewsMesa Airlines finalises new deal with United, reports dismal Q4 results
Amid the upheaval of severing its contract with longtime operating partner American Airlines and finalising a new deal with United Airlines, US regional carrier Mesa Airlines reported a $115.6 million loss during its fiscal fourth quarter.
-
NewsSouthwest Airlines prepares to return to normal operations
Southwest Airlines plans to return to normal operations on 30 December following a disastrous end-of-year travel period in which the carrier has so far cancelled more than 12,000 flights over six days.
-
NewsUS to reinstate Covid-19 testing requirement for air travellers from China
Starting on 5 January, the USA will begin requiring a negative Covid-19 test or proof of recovery for international air travellers coming from China.
-
NewsSouthwest will ‘never again’ face nationwide operational meltdown: CEO
Southwest Airlines chief executive Bob Jordan spoke publicly for the first time about the company’s widespread operational difficulties during the busy end-of-year holiday travel period, promising that the airline’s passengers and employees will “never again face what’s happening right now”.
-
NewsSouthwest cancels majority of flights in nationwide operational meltdown
Southwest Airlines is suffering a near collapse of its operations, cancelling the majority of its flights on 26 December following several days of extreme winter weather.
-
NewsWinter weather in USA prompts thousands of flight cancellations just in time for Christmas
The winter weather hitting the Midwest and Northeast USA continued disrupting the plans of holiday travellers on 22 December, forecast by the US Federal Aviation Administration to be the busiest during the holiday period.
-
NewsCapital A secures six-month extension to file ‘regularisation’ plan
AirAsia parent Capital A has been given until July to submit its “regularisation plan” after securing a six-month extension from the Malyasian stock exchange.
-
NewsMesa Airlines splits with American, strikes deal with United
Mesa Air Group, parent of regional carrier Mesa Airlines, disclosed 19 December plans to end its 30-year partnership with American Airlines in favour of a new, five-year agreement with United Airlines that is still to be finalised.
-
PodcastAirline Business Podcast: IATA profit hopes, Heathrow, Virgin, A380, United order and Air India
Graham and Lewis discuss IATA’s recent financial forecast for 2023, while also delving into tension over charges at Heathrow, Virgin Atlantic’s strategy, the surprise return of more A380s, and United Airlines’ bumper Boeing order
-
NewsOn ‘road to recovery’, Canada’s Air Transat loses C$126 million in fiscal Q4
Transat AT, the parent company of Canadian leisure airline Air Transat, gained ground financially but still posted an loss of C$126 million ($92.2 million) in the company’s fiscal fourth quarter.
-
NewsMango sale moves step closer after SAA drops bidder concerns
Administrators of grounded budget carrier Mango Airlines believe the sale of the airline has moved a step forward after existing owner South African Airways dropped its concerns about a planned transaction.
-
NewsDelta targets nearly $46bn in 2022 revenue, predicts sustained growth
Delta Air Lines says it expects to reach $45.5-45.6 billion in revenue in 2022, almost as much as it earned in 2019, and raise that figure by 15-20% in 2023 as the carrier predicts a strong and long-lasting post-Covid-19 recovery.
-
NewsAmerican names May to succeed Kerr as chief financial officer
Long-standing American Airlines chief financial officer Derek Kerr is to step down from 1 January and will be succeeded in the role by Devon May.
-
NewsStrong end to 2022 prompts Lufthansa Group to raise full-year profit forecast
Lufthansa Group has raised its full-year operating profit forecast to around €1.5 billion ($1.6 billion), as the final months of 2022 exceed expectations.
-
NewsViolent protests halt airport operations in Arequipa
Violent protesters have overrun the airport in Arequipa, Peru, causing the airport’s operator to close the terminal and airlines to cancel flights.
-
NewsFinnair extends repayment of €600m loan amid business restructuring
Finnair has extended the period over which it will repay a largely state-guaranteed loan, as it seeks to shore-up its financial position amid the impact of its exclusion from Russian airspace.
-
NewsAirAsia Cambodia to be country’s largest carrier: Capital A
Malaysia’s Capital A has outlined the rationale and vision for its new Southeast Asian joint venture carrier, AirAsia Cambodia.