Strategy – Page 51
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NewsAsia airline leaders see glass-half-full despite continued challenges
Given where passenger travel markets stood in Asia-Pacific this time last year, it is perhaps unsurprising that airline leaders from the region are taking a glass half-full approach to the current state of the market.
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NewsCopa third-quarter profit rises to $116 million
Copa Holdings, the parent company of Panama’s Copa Airlines posted stronger third-quarter earnings as passengers returned to air travel in greater numbers.
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NewsFrontier launches ‘all-you-can-fly’ pass for short-notice air travellers
US ultra-low cost carrier Frontier Airlines is offering a flat rate for unlimited flights between its destinations in the USA with a new annual subscription package.
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News‘Lucrative time to be an airline pilot’: Three US regional airlines dangle hefty bonuses
With US regional airlines struggling to fill cockpit seats, Envoy Air, Piedmont Airlines and PSA Airlines are each offering $100,000 signing bonuses to attract qualified pilots.
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NewsUK start-up Hans Airways secures fresh financing in push for AOC
UK start-up Hans Airways has completed a new round of financing which it says satisfies the UK Civil Aviation Authority’s requirements for it to secure an air operator certicate (AOC).
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NewsUnited Airlines Ventures invests in biofuel refinery
United Airlines’ technology venture capital arm, United Airlines Ventures, has invested in a biofuel refinery in Oregon.
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NewsCanada and India agree to unlimited passenger flights between the countries
Canada and India have agreed to an expanded air transportation agreement allowing designated airlines to operate an unlimited number of flights between the two countries.
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NewsUK regulator flags competition concerns over Asiana-Korean Air merger
UK competition regulators have given merging carriers Asiana Airlines and Korean Air until 21 November to submit proposals to address concerns it has raised around the impact of their tie-up on the London-Seoul route.
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NewsPAL parent posts Q3 profits as passenger revenue triples
PAL Holdings was in the black in its third-quarter earnings, retaining its profitable streak amid a three-fold jump in passenger revenue.
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NewsAir Astana to lease three Boeing 787-9s
Air Astana has signed a deal take three Boeing 787-9s through lessor Air Lease as it continues with its fleet-upgrade programme.
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NewsQatar Airways chief defiant as airport expansion opens on eve of World Cup
Qatar Airways chief executive Akbar Al Baker was in a defiant mood as he helped to officially open an expansion of Doha’s Hamad International airport on the eve of the FIFA World Cup in the country.
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NewsAzul’s Q3 revenue up 61% on leisure-travel demand
Demand for leisure travel and a shift in working behaviour pushed Brazilian airline Azul’s third-quarter revenue to a new record, yet the company still lost R1.65 billion ($308 million) in the period.
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NewsAir Arabia reports Q3 revenue ahead of 2019 level as Fly Jinnah begins operations
Air Arabia Group’s third-quarter revenue of Dhs1.61 billion ($436 million) was 12% up on the same period of 2019, as the low-cost group benefited from the recovery in air travel demand. It outlined its July-September earnings on 9 November, days after its latest joint-venture operation, Pakistani carrier Fly Jinnah, commenced ...
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NewsCebu Pacific narrows quarterly loss as revenue jumps five-fold
Cebu Pacific trimmed its operating loss for the third quarter on the back of a significant increase in passenger travel revenue, despite it being a “lean season”.
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NewsAvianca slams Colombian authorities for blocking plan for ‘rescuing’ Viva Air
Avianca has slammed an 8 November decision by Colombia’s civil aviation authority to block its planned tie up with financially struggling low-cost competitor Viva Air.
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NewsLATAM cuts Q3 losses as revenues almost back to pre-pandemic levels
LATAM Airlines Group revenues moved to within 3% of pre-crisis levels in the third quarter as it posted an adjusted operating profit of $63 million for the period.
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NewsColombian regulators reject Avianca-Viva Air tie up
Colombia’s aviation regulator has rejected a tie-up between Avianca and financially strapped low-cost carrier Viva Air.
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NewsIndiGo still cool on hedging despite fuel and currency challenges
IndiGo remains unconvinced that fuel and foreign exchange hedging would be beneficial to the business, despite such costs weighing heavily on its financial performance in its fiscal second quarter.
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NewsPorter expands in Ottawa to service growing fleet
Canadian regional carrier Porter Airlines is expanding with a C$65 million ($48.2 million) facilities upgrade at Ottawa International airport.
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NewsWestJet to use SAF for flights from San Francisco to Calgary
Canadian passenger carrier WestJet has committed to temporarily operating flights from San Francisco to Calgary using sustainable aviation fuel (SAF).