Strategy – Page 50
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NewsCapital A to divest airline units to AirAsia X as part of restructuring plan
Capital A has outlined plans to dispose of its airline interests to AirAsia X after seeking an extension from the Malaysian stock market to submit “a holistic regularisation” plan.
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NewsSingapore Airlines agrees deal on Vistara merger with Air India
Singapore Airlines is to take a 25% stake in an enlarged Air India group after agreeing a deal with partner Tata Sons under which it will merge joint-venture operation Vistara with the Indian carrier.
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NewsStrong summer quarter helps EasyJet cut full-year losses
Despite remaining in the red, EasyJet is pointing to a record earnings performance in the quarter ended 30 September, which helped to wipe £1 billion ($1.2 billion) off its full-year losses.
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NewsCathay eyes new freighters, medium-haul aircraft
Cathay Pacific has confirmed it is in talks with airframers over potential orders for new medium-haul and cargo aircraft, as it continues to rebuild its operations after more than two years of depressed travel demand.
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NewsUK competition watchdog ‘to consider’ revised Korean Air-Asiana merger plan
The UK’s Competition and Markets Authority (CMA) is considering approving a revised plan from Korean Air over its proposed acquisition of compatriot Asiana Airlines.
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NewsOttawa International to receive C$4 million taxiway upgrade
The hub of Canada’s capital city, Ottawa International airport, is receiving a nearly C$4 million ($3 million) taxiway upgrade from Transport Canada’s airport infrastructure fund.
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NewsAir Baltic posts profitable third quarter
Latvian carrier Air Baltic posted net profit before exceptionals in the third quarter as it sees an improvement in its financial results.
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NewsLoganair chief eyes Heathrow opportunity
Scottish regional carrier Loganair’s chief executive Jonathan Hinkles believes a shift in thinking at Heathrow airport may help support development of regional connectivity at the London hub after securing permanent slots there. Loganair began flying the Isle of Man-Heathrow route in late 2021, using slots temporarily vacated at Heathrow during ...
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NewsRex to turn profitable by end-June
Australia’s Regional Express expects to report a profit for its current financial year, which ends on 30 June 2023, as its domestic jet operations continue to be profitable.
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NewsRwandAir takes delivery of first freighter
Central African carrier RwandAir has taken delivery of its first dedicated freighter as it seeks to expand its cargo operations.
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NewsJet2 lifts full-year outlook after return to profit in first half
UK leisure carrier Jet2 outstripped pre-crisis profits for the six months ended 30 September, returning to the black on surging demand after markets reopened as Covid restrictions ended.
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NewsLufthansa partner on ITA bid MSC drops out of running
Swiss shipping firm MSC Group, which had been working with Lufthansa on a bid for ITA Aiways, has dropped its interest in taking part in the privatisation of the Italian national carrier.
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NewsIATA chief sees balanced load factors as sign of sustainable recovery
IATA director general Willie Walsh believes load factors in the highly profitable third quarter for airlines illustrate capacity has been well-matched to demand and provides reason for optimism that recent profitability is sustainable even with economic headwinds ahead.
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News‘We are back indeed’: AirAsia X swings to quarterly profit
AirAsia X swung back to profitability in its latest quarterly earnings, helped by strong recovery in passenger traffic amid “significant consumer demand”.
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NewsCanadian ULCC Swoop fined for failing to refund passengers for Covid-19 disruptions
Canadian ultra-low cost carrier Swoop was fined $175,000 in civil penalties by the US Department of Transportation (DOT) for failing to provide timely refunds to passengers who had flights cancelled or significantly delayed due to the Covid-19 pandemic.
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NewsThanksgiving travel surges on busiest day for US airlines
The surge in air travel for Thanksgiving is cresting for US airlines as more than 48,000 flights are scheduled for 22 November, the expected high point for the week, according to the US Federal Aviation Administration.
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NewsVirgin Atlantic attaches new conditions to support for third Heathrow runway
Virgin Atlantic is now attaching conditions to its support for the building of a third runway at London Heathrow airport, having previously been “unequivocal” in its backing of the idea.
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NewsCathay flags ‘substantial’ 2022 loss despite improving environment
Cathay Pacific Group expects to post a “substantial” full-year loss for 2022, despite being cash positive and seeing good recovery progress through the year-end.
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NewsAsiana sees 43% rise in profits as passenger travel returns
Asiana Airlines improved its quarterly profits, amid an upswing in passenger travel following the easing of domestic and international travel restrictions.
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NewsAir Canada invests C$6.75 million in carbon capture technology
Air Canada has invested C$6.75 million ($5.07 million) to support nascent technology that could potentially pull carbon from the atmosphere at an industrial scale.