All Strategy news – Page 100
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News
United Airlines defies Delta variant dip to post $473m profit in Q3
United Airlines reports a small profit during the third quarter of 2021 as bookings bounced back from a Delta-variant-related dip early in the three-month period.
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Airline Business
Wizz Air UK seeks ‘scaleable’ growth as testing change boosts demand
New Wizz Air UK chief executive Marion Geoffroy believes the scrapping of the more expensive PCR test for fully-vaccinated travellers from later this month will be a key driver of demand as the carrier ramps up capacity for Christmas travel.
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News
Air Madagascar placed under court restructuring
Air Madagascar has been placed under a court-appointed restructuring process, the Indian Ocean island nation’s government has disclosed.
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News
New EU open skies deal with Qatar includes initial capacity caps
European Union regulators have signed an air transport services agreement with Qatar which includes capacity caps in some key markets before full access is implemented in 2024.
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News
Europe’s last MD-11 exits Lufthansa Cargo service before sale to Western Global
Lufthansa Cargo’s last Boeing MD-11 freighter completed its final service with the European carrier on 17 October, before its sale to US operator Western Global Airlines.
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Airline Business
Arrivederci Alitalia as famous brand bows out – for now
Italian national carrier Alitalia will carry out its last flight today as the company ceases operations, though it remains to be seen if it is the last time the long-standing and familiar brand is seen in the air.
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News
IATA’s Walsh slams UK testing policy and Heathrow charges
In addressing the Aviation Club in London on 13 October, IATA director general Willie Walsh was back on familiar territory - both in terms of location and subject matter.
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News
SAA tie-up reflects need for African airline collaboration: Kenya Airways chief
African airlines must work together to “change the face of aviation” if the region’s industry is to be competitive after the Covid-19 pandemic, in the view of Kenya Airways Group chief executive Allan Kilavuka.
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News
Gol foresees 50% drop in third-quarter revenue versus 2019 level
Brazilian low-cost carrier Gol expects to report third-quarter net operating revenue down 50% from the same period of pre-pandemic 2019.
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News
Great Dane Airlines declared bankrupt
Scandinavian regional carrier Great Dane Airlines has today been declared bankrupt, a short message on its homepage says.
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Airline Business
How the crisis tested airline-lessor relationships
When the Covid-19 pandemic devastated global passenger demand in early 2020, it set off a wave of rent deferral and restructuring requests from airlines to their lessors and asset managers. The scale of the cross-party correspondence, the legal and technical talks, and the contractual negotiations that this created can only ...
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News
Tata confirms selection as winning Air India bidder
Executives from Indian conglomerate Tata Sons have confirmed the group has won the bidding for struggline national carrier Air India.
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Airline Business
How IATA thinks airlines could reach net-zero CO2 emissions by 2050
For some airlines, the net-zero target was nothing new. But for all carriers, the important task is working out how to get there – and then implementing that plan.
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Airline Business
World Airline Rankings: No region left unscathed by crisis
While some Asia-Pacific operators benefited from access to large domestic markets and strong freight activity, international operators in the region were among the hardest hit in terms of reduced passenger traffic.
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Airline Business
World Airline Rankings: Hard hit low-cost carriers lead recovery efforts
Paradoxically, low-cost carriers have been among both the hardest hit and best positioned to counter the pandemic.
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Airline Business
World Airline Rankings: How crisis slashed revenues and drove industry to the red
Revenue among the 100 biggest airline groups was slashed by more than half last year, from $787 billion in 2019 to $364 billion for the same group of operators.
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Airline Business
World Airline Rankings: Passenger traffic slides two-thirds in 2020
Passenger traffic among the 100 biggest airline groups collapsed by almost two-thirds in 2020, the World Airline Rankings show.
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Airline Business
World Airline Rankings: How deeply the crisis hit the industry in 2020
While cargo offered some relief, the latest FlightGlobal World Airline Rankings underline just how bad 2020 got for the airlne industry
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Airline Business
Why Alaska Airlines has set 2040 target for net-zero CO2 operations
While the global airline industry took a further step to tackling its environment footprint by collectively committing to reaching net-zero C02 emissions by 2050 under a resolution agreed at the recent IATA AGM, Alaska Airlines has a goal of reaching that point 10 years sooner.
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Airline Business
IATA’s annual event brings wave of optimism, glimmer of normality
Airline leaders left IATA’s World Air Transport Summit this week in a buoyant mood, sensing the industry’s worst days are behind it, and that normalcy is months, not years, away. They also left having made firm commitments to reduce carbon output, saying the industry is emerging from the pandemic-driven aviation downturn with invigorated dedication to environmental stewardship. Exactly how airlines will significantly cut carbon, however, remains unclear.