Strategy – Page 6
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China Southern swings to Q1 profit as peers languish in the red
China Southern Airlines was the sole carrier among the country’s three largest operators to swing back to black in the first quarter of the year, even though they all saw revenues improve.
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AirAsia divestment gets go-ahead in MYR6.8 billion deal
Malaysia’s Capital A has divested its aviation business in Southeast Asia to associate AirAsia X, in a deal valued at around MYR6.8 billion ($1.4 billion).
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Lufthansa reveals first aircraft with long-delayed ‘Allegris’ cabin update
Lufthansa revealed the first aircraft equipped with its new “Allegris” cabin updates on 25 April, more than a year late owing to supply chain and airframer delays.
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New chief overhauls Loganair network in bid for greater resilience
UK regional carrier Loganair is to cut three routes from its network and reduce frequencies on some others following a review by new chief executive Luke Farajallah aimed at improving its operational resilience.
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AirAsia appoints founder Fernandes as group advisor
AirAsia Aviation Group has appointed its co-founder and former chief executive Tony Fernandes as advisor and steward, as the deadline for merger negotiations with associate unit AirAsia X draws close.
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Hawaiian lost $138m in Q1 as costs surged
Hawaiian Holdings, parent of Hawaiian Airlines, lost $138 million in the first quarter of 2024, though the company’s chief executive says incoming Boeing 787s and a new freighter operation are putting Hawaiian on track toward profitability.
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Volaris squeezes out $33m first-quarter profit despite capacity cut due to GTF groundings
Mexican ultra-low-cost carrier Volaris has disclosed a first-quarter profit of $33 million – its first since 2019 – as the company kept a sharp eye on costs and despite the hit to capacity caused by the enforced grounding of Pratt & Whitney geared turbofan (GTF)-powered aircraft.
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JetBlue continues C-suite overhaul with Daniel Shurz leading revenue and network planning
US carrier JetBlue Airways continues building a new management team under the helm of recently installed chief executive Joanna Geraghty.
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Air New Zealand cuts profit forecast again, citing stiff competition and weak demand
Air New Zealand trimmed its full-year earnings forecast for a second time, as it flags increased competition on its North American network and softening domestic travel demand.
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Alaska lost $132 million in Q1 amid 737 Max 9 grounding
The financial impact of grounding its 65 Boeing 737 Max 9s in January pushed Alaska Air Group to a $132 million loss in the first quarter of 2024.
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EasyJet narrows first-half losses
UK low-cost carrier EasyJet expects to post a pre-tax headline loss of between £340-360 million ($423-448 million) for the six months ended March 2024.
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Consumers sue to block Alaska’s proposed acquisition of Hawaiian
A group of US consumers have filed a lawsuit in a federal district court to block on anticompetitive grounds Alaska Airlines’ proposed $1.9 billion acquisition of rival West Coast carrier Hawaiian Airlines.
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Breeze turns first full-month profit in March amid shift to all-A220 fleet
Fast-growing US start-up Breeze Airways turned its first full-month operating profit in March, reflecting rapid revenue gains amid quick expansion.
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Delta posts profitable start to the year
Delta Air Lines posted a profit over the opening three months of the year on a non-adjusted basis for the first time since the pandemic.
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Canadian charter carrier Nolinor bumps 737 captain pay by 25-40%
The starting salary for a 737 captain at Nolinor is now C$175,000 ($129,000), with potential increases to a salary beyond C$250,000.
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Government launches Pakistan International Airlines privatisation tender
Pakistan has formally launched the tender for a majority stake in its national carrier, seeking expressions of interest from potential bidders by 3 May.
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Boeing pays Alaska Airlines $160m for 737 Max 9 grounding
Boeing paid Alaska Air Group $160 million in the first quarter as compensation for the 737 Max 9 grounding that followed the rapid de-pressurisation of Alaska Airlines flight 1282.
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Garuda reveals domestic focus as it eyes ‘small wins’ following profitable 2023
Garuda Indonesia will focus on its domestic operations – and be “selective” on international expansion – as it continues to grow its fleet this year.
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WestJet Encore pilots threaten strike that could disrupt regional flights
The union representing WestJet Encore pilots has voted to authorise a strike that could potentially disrupt the Canadian regional airline’s passenger flights later this month.
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Malaysian regulator says aircraft shortage ‘pressing issue’ as full recovery looms
The Malaysian Aviation Commission (MAVCOM) has identified aircraft delivery delays as a “pressing issue” for the country’s airline sector, as passenger traffic moves closer to a full post-pandemic recovery this year.