All Strategy news – Page 103
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NewsAmerican and JetBlue defend Northeast partnership amid reports of US anti-trust challenge
American Airlines and JetBlue Airways are on the defensive following news that the Department of Justice intends to challenge their newly established alliance in the Northeast USA.
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NewsIcelandair Group’s chief operating officer steps down
Icelandair Group’s chief operating officer Jens Thordarson has resigned from his role.
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NewsLundgren explains thinking behind EasyJet’s £1.2 billion rights issue
EasyJet’s £1.2 billion ($1.4 billion) rights issue will be used to reduce debt, help deliver a strong financial position going into the winter season where demand remains uncertain and give the carrier funds available to take growth opportunities as they arise, says EasyJet chief executive Johan Lundgren.
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NewsAmerican invests $100m in Bill Gates-led clean-technology development project
American Airlines has become the latest US airline to commit to carbon-reducing measures, saying it has invested $100 million in a Bill Gates-led financing programme intended to support cleaner aviation technologies.
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NewsRepublic Airways to move headquarters, training centre to Indianapolis suburb
US regional airline behemoth Republic Airways is opening a new corporate headquarters and training centre in the Indianapolis suburb of Carmel.
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NewsUS airlines rejoice at lifting of US bans on inbound travellers
US airlines have finally received the gift they so long sought from the administration of president Joe Biden: a full opening of the USA to foreign travellers.
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NewsVueling to pick up Air France slots at Paris Orly
IAG’s Spanish low-cost carrier Vueling is set to pick up slots at Paris Orly airport being released by Air France as a condition of the European Commission’s approval of French financial support to the latter.
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NewsJetBlue and Spirit vie for 16 available Newark slots
JetBlue Airways and Spirit Airlines have applied with the US Department of Transportation to received more than a dozen newly available take-off and landing slots at Newark Liberty International airport.
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NewsEuropean airline shares rise as US signals full restart of transatlantic travel
The big European network airlines saw their share prices increase sharply on 20 September amid reports that the US government might soon announce a relaxation of its border controls for European visitors.
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NewsLufthansa launches $2.5bn capital raise to repay state support
Lufthansa is launching a €2.14 billion ($2.50 billion) capital raise aimed at strengthening its equity position and repaying part of the German state’s investment in the airline during the crisis.
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NewsUS airlines could miss 2021 profit targets as end-of-year travel demand sags
US airlines may struggle to meet already trimmed 2021 financial targets due to the persistence of Covid-19, which continues eroding demand for autumn and winter travel despite a strong summer period.
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NewsAdministrator sets €290m starting price for Alitalia brand
Administrators for Alitalia will tomorrow launch a tender for the Italian carrier’s brand, having the set the price at €290 million ($341 million) to participate.
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NewsUS government to grant 16 Newark slots to a discount airline
The US Department of Transportation is making 16 take-off and landing slots at Newark Liberty International airport available to a single US low-cost airline.
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NewsAirlines hail scrapping of UK ‘traffic light’ system for travel
Airlines based in and serving the UK have welcomed the decision by the country’s government to simplify its requirements for arrivals at English airports.
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NewsAegean Airlines narrows second-quarter loss
Aegean Airlines has posted a pre-tax loss of €34.8 million ($41 million) in the second quarter ended 30 June, narrowing from a loss of €88.5 million in the year-ago period.
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Airline BusinessWhat now for EasyJet after rejection of Wizz Air takeover?
Reports that Wizz Air was the failed bidder for European low-cost rival EasyJet are perhaps no surprise, given the compatibility of the two operators and the upheaval created by Covid-19, but the failure of the move leaves the latter carrier facing questions about its next steps.
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NewsRyanair raises long-term traffic target as it seeks to capitalise on crisis
Europe’s biggest budget operator Ryanair now expects to carry 225 million passengers by March 2026, an increase of 25 million on its previous expectations.
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NewsAmerican to invest $200 million in Gol, expand marketing pact
American Airlines plans to acquire about 5% of Brazilian carrier Gol’s shares for R1.05 billion ($200 million) as part of a plan by the airlines to expand an existing marketing and codeshare agreement.
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NewsTata Sons among bidders for Air India
Indian conglomerate Tata Sons is among those to submit bids for the renewed attempt to sell Air India, the deadline for which passed today.
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NewsUS court takes Avianca a step closer to emerging from Chapter 11
The US bankruptcy court for the Southern District of New York has approved Colombia flag carrier Avianca’s disclosure statement describing the terms of its reorganisation plan.