Asia-Pacific
Takeaways From the IATA Annual Meeting
The mood in Istanbul at the IATA Annual General Meeting was definitely jubilant this year. Despite all the challenges airlines face — and, frankly, when do they not face challenges? — attendees celebrated strong demand, cheaper fuel, and other tailwinds....
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Airline Execs Dismiss Slowdown Fears, Say It is ‘Best Recession’ Industry Ever Faced
Business is good for airlines, except where it's not. That was the word in the halls and meeting rooms of the industry's largest annual gathering, the IATA Annual General Meeting, this week. The organization has upped its airline financial outlook...
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Emirates President Says Airlines Must ‘Do Better’ to Develop Sustainable Fuels, Meet Climate Goals
Emirates President Tim Clark called for the airline industry to "do better" and put more money towards the development of sustainable aviation fuels as part of the global push to decarbonize commercial aviation. "If we rely on government, if we...
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ANA Gains Traffic From U.S.-China Dispute Over Nonstop Flights
Japan's All Nippon Airways has seen a jump in passengers traveling between the U.S. and China as geopolitical tension keeps nonstop flights between the two countries at historic lows. ANA is seeing "new demand" from travelers who transit its Tokyo...
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AirAsia Parent Capital A Rides Asian Travel Recovery to Profits
The company that owns AirAsia, Capital A, posted a $6 million net profit in the first quarter. Detailed financial results for just the airline were not disclosed, other than $500 million in revenue and roughly $115 million in earnings before...
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Qantas Eyes Significant International Expansion and Profit Growth With New Planes
Qantas to Paris? Jetstar to Manila? Both are markets that the Qantas Group could serve by the end of the decade as it sets its sights on profitable new growth opportunities with the hundred-plus new planes it has on order....
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Alan Joyce’s Legacy at Qantas
Alan Joyce took over Qantas just as the Great Recession descended in 2008. He set about turning around its money-losing longhaul business, forging new international ties, and cementing Qantas' dominance of the Australian domestic market. Edward Russell and Jay Shabat...
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New Qantas CEO Must Build on Predecessor’s Legacy
There are few airlines that are held as high in the national consciousness as Qantas Airways is in Australia. That's why the airline's first new CEO in 15 years is such a big deal. Alan Joyce, Qantas CEO since 2008,...
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Japan’s ANA Turns First Post-Pandemic Annual Profit
All Nippon Airways beat profit expectations during the fiscal year ending in March as travelers eagerly returned to Japan. Tokyo-based ANA said inbound international travel demand increased "dramatically" in the fourth quarter. This helped propel its full year operating profit...
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Korean Air, Japanese Airlines Could Benefit From Limits on U.S.-China Flights
Korean Air, in the late 1970s, lured Western travelers with a "Seoul Shortcut." It was making reference to the advantageous location of its Seoul hub, for routes between North America and Asia. Fast-forward 40-some years and Seoul remains ideally situated...
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Let’s Hear It For Delta’s Atlanta Airport Powerhouse
Atlanta retained its title as the world's busiest airport last year, shocker we know. But more interesting is the rise of the Denver and Istanbul airports — to third and seventh busiest, respectively — that were not even in the...
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Air India Mum on Cost Savings as Restructuring Progresses
Air India is moving on to the second phase of its Vihaan.AI turnaround plan, after claiming a number of financial and operational records during the first six months. But absent from the update are any details on the needed cost...
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