Strategy – Page 5
-
News
Gol and Avianca owner Abra to invest in Spanish charter carrier Wamos Air
Abra intends to invest in Wamos Air under a deal both companies say will enable expension, though details remain unavailable
-
News
Thai Airways to exit restructuring in 2024 as first-quarter profit shrinks
Thai Airways International expects to wrap up its restructuring this year, capping off close to four years of business rehabilitation following the Covid-19 pandemic.
-
News
Cebu Pacific doubles first-quarter profit
Cebu Pacific saw its first-quarter profit double as a jump in revenue – driven by strong passenger travel demand – outpaced an increase in costs.
-
News
Alaska and Hawaiian agree not to consummate deal for 90-day period
Alaska Airlines cannot close its acquisition of rival US carrier Hawaiian Airlines until 5 August under an agreement with the US Department of Justice. During a 90-day waiting period that began on 7 May and will end on 5 August, the West Coast carriers cannot complete their proposed $1.9 ...
-
News
Korean Air to focus on ‘route profitability’ as capacity nears full recovery
Korean Air will prioritise “route profitability” in light of intensifying global competition, as it saw first-quarter profits improve on the back of strong passenger and cargo demand.
-
News
Bonza unlikely to see return of seized fleet, as grounding drags on
Bonza is unlikely to get its fleet of seized Boeing 737 Max 8 jets back from lessor AIP Capital, adding to the embattled low-cost carrier’s woes as its suspension of operations is extended for another week.
-
News
US government approves Frontier to use new trade name ‘Frontera’
US discount carrier Frontier Airlines has received approval to use the new trade name “Frontera” for at least some of its operations, though details about the plans remain unclear.
-
News
Spirit lost $143m in first quarter as airline pursues cost and capacity cuts
Spirit Airlines lost $143 million in the first quarter of 2024 amid heightened competitive pressures and other factors that have prompted the airline to shrink its operation and to seek out cost savings.
-
News
Alaska receives $61m Boeing credit for Max 9 grounding
US carrier Alaska Airlines has received an additional $61 million in credits from Boeing as compensation for the mid-flight blow-out of a door plug on Alaska flight 1282 and subsequent grounding of its 737 Max 9s
-
News
LATAM Airlines Group first-quarter profit reaches $258m
LATAM Airlines Group reported a first-quarter profit of $258 million, a record for the period, profiting of ongoing strong demand during Latin America’s high travel season.
-
News
Aeroflot claims lowest first-quarter net loss in five years
Russian flag-carrier Aeroflot has turned in a first-quarter net loss of Rb6.9 billion ($75.3 million), but states that this is its lowest loss for the period in five years. It says the result – under Russian accounting standards – illustrates a “trend of progressive improvement”. Aeroflot says it achieved the ...
-
News
JAL doubles full-year profit amid spike in LCC, international revenue
Japan Airlines’ full-year earnings soared past pre-pandemic levels, as the airline benefited from a surge in inbound travel demand, along with strict cost controls.
-
News
Air Canada lost C$81m in first quarter as costs rose
Air Canada lost C$81 million ($59 million) in the first quarter of 2024 as higher costs related to increased capacity, and less cargo revenue, weighed on the company.
-
News
‘My final chapter’: AirAsia’s Fernandes hints at retirement following aviation unit consolidation
AirAsia founder Tony Fernandes is likely to step down from the company at the end of his newly-renewed contract, which runs for another five years, calling it his “final chapter”.
-
News
Australian watchdog proposes to approve Air NZ, Virgin Australia codeshare
The Australian Competition and Consumer Commission (ACCC) is proposing to authorise a unilateral code-sharing agreement between Virgin Australia and Air New Zealand.
-
News
AirAsia Cambodia begins commercial operations
AirAsia Cambodia – the low-cost airline group’s newest unit – has began operations, operating from its Phnom Penh hub to Siem Reap and Sihanoukville.
-
News
Avianca turns first-quarter profit as passenger revenue rises and cargo sags
Colombia’s Avianca reported a $13 million profit in the first quarter, reversing last year’s $12 million loss for the first three months of the year.
-
News
Spohr hopeful of ITA acquisition approval this summer
Lufthansa Group chief executive Carsten Spohr is optimistic it can secure approval for its planned acquisition of Italian carrier ITA Airways this summer amid what he describes as “constructive” talks with European competition regulators.
-
News
Swiss first-quarter profit slips as yields decline and costs rise
Swiss International Air Lines cites lower yields, a weaker cargo business, inflation and higher fuel and personnel costs contributed to lower profit for the first quarter of 2024.
-
News
Air France-KLM reports deeper first-quarter loss after operational disruption
Air France-KLM’s operating loss deepened in the first quarter of 2024, as “exceptional” operational disruptions and falling cargo revenue dented the European airline group’s performance.