Strategy – Page 72
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NewsLufthansa ‘closely monitoring’ airline consolidation: Spohr
Pan-European airline operator Lufthansa Group is keeping options open on its proposed tie-up with new Italian carrier ITA Airways as it says it is “monitoring closely” renewed consolidation trends in the sector.
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NewsLufthansa sees ‘significant improvement’ for 2022 after halving full-year loss
Lufthansa Group is forecasting a “significant improvement” in operating profit from the second quarter onwards as travel demand continues to pick-up, but has stopped short of projecting a full-year outlook amid fresh global uncertainties including the Ukraine crisis.
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NewsFormer JetBlue and short-time Delta manager to join American
Scott Laurence, JetBlue Airways’ former head of revenue and planning, who left the carrier earlier this year to work at Delta Air Lines, only to resign after a month, will join American Airlines “in the coming days”.
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NewsCanada’s WestJet plans to acquire Sunwing Airlines
Canada’s WestJet will acquire low-cost vacation specialist Sunwing Airlines, along with its Sunwing Vacations tour operator business, shaking up the country’s low- holiday travel sector.
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NewsRyanair chief expects ‘no dramatic impact’ on bookings if Ukraine conflict is contained
Ryanair is continuing to guide for a big jump in passenger demand over the next 12 months, although the low-cost carrier’s chief executive acknowledges the downside risks created by the Russian invasion of Ukraine.
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NewsFormer Turkish chairman turns down Air India chief executive role
Former Turkish Airlines chairman Ilker Ayci has turned down the chief executive role at Air India, two weeks after the airline’s new owners Tata Sons announced his appointment.
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NewsRyanair chief vows carrier will be first to make Ukraine return
The group chief executive of Ryanair insists the low-cost carrier will return to serving Ukraine as soon as the European safety regulator EASA allows, as he voiced strong support for the country’s efforts to repel a Russian invasion.
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NewsUS to close airspace to Russian aircraft
The US government will close its airspace to Russian aircraft in response to Russia’s invasion of Ukraine
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NewsIATA still expects air travel recovery by 2024 but warns of Russia-Ukraine risks
The Omicron variant of Covid-19 failed to knock the air travel industry off its pandemic recovery path, according to global airline association IATA, with passenger numbers still expected to exceed pre-crisis levels in 2024.
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NewsEtihad still ‘on’ for reaching profit in 2023: Douglas
Etihad Airways group chief executive Tony Douglas believes the restructured UAE carrier is still on track to meet its original target of returning to profit in 2023 despite the negative impact of the pandemic.
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NewsCargo and strong second half help Etihad cut losses in 2021
Etihad Airways cut its full-year core operating loss to $476 million for 2021, aided by improved passenger demand in the second half and record cargo revenues.
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NewsJetlines’ first aircraft arrives in Canada as launch timeline slips
Canada Jetlines’ first aircraft has arrived in Canada, as the company’s timeline to launch revenue flights slips to mid-2022.
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NewsUS, Mexican regulators make ‘significant’ safety progress: Volaris CEO
Mexican ultra-low-cost carrier Volaris expects the Federal Aviation Administration will restore Mexico’s aviation safety rating in the second half of 2022 as it seeks to expand between the USA and Mexico – the backbone of its business.
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NewsIAG keen to add widebody aircraft in 2022 amid transatlantic and Latin America recoveries
British Airways and Iberia owner IAG is planning to add 15 widebody aircraft to its fleet in 2022 following a lull in deliveries last year, as it seeks to meet recovering long-haul travel demand.
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NewsBA cancels Moscow flights and re-routes Singapore and Delhi services around Russian airspace
British Airways has cancelled its Moscow flight and will reroute its Asia services to avoid Russian airspace, as the impact of Russia’s invasion of Ukraine reverberates through the airline industry.
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NewsIAG reports ‘strong recovery’ as it forecasts full-year capacity at 85% of 2019
British Airways and Iberia owner IAG expects to operate 85% of 2019 capacity this year, as it reports improving financial performances across its airlines.
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NewsMexico’s Volaris credits Q4 revenue rise to ‘disciplined growth’
Volaris says its ”disciplined growth strategy” through the changing demand environment during the fourth quarter helped it achieve a 43% rise in total revenue over the same period in pre-pandemic 2019.
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NewsAlex Cruz joins WestJet’s board of directors
Canada’s WestJet has appointed ex-British Airways chief executive Alex Cruz to its board of directors.
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NewsAzul posts record Q4 revenue on domestic recovery and cargo boom
Brazil’s Azul achieved record revenue during the fourth quarter of 2021 as it continued to build out its domestic passenger and cargo operations.
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NewsSingapore Airlines posts first quarterly profit since pandemic
Singapore Airlines Group posted a net profit of S$85 million ($63 million) for the three months ending December 2021, as the opening of international travel lanes during the quarter helped it out of the red for the first time since the pandemic.