All Strategy news – Page 106
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NewsSouth African Airways and Comair to restart flights in September
South African Airways plans to resume passenger flights on 23 September, restoring services after a major restructuring and the continued impact of the pandemic on air travel demand.
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NewsAmerican Airlines’ Q3 revenue ‘trending below forecast’
American Airlines is experiencing a dip in its recovery as fears of the coronavirus’ more-virulent “Delta” variant are causing hesitancy among customers.
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NewsItalian carrier ITA targets September fleet decision as bookings set to start
After firming a preliminary bid for assets from Alitalia, Italy’s new national airline Italia Trasporto Aereo (ITA) plans to begin ticket sales on 26 August ahead of a planned launch of operations on 15 October.
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NewsRyanair to end Northern Ireland flights
Ryanair will no longer serve either of Belfast’s airports from October, citing the UK’s air passenger duty (APD) tax and a “lack of Covid recovery incentives” from the airports.
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NewsBreeze snags another $200m investment
US start-up carrier Breeze Airways has secured another $200 million in funding less than three months after beginning flights.
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NewsPorter becomes first Canadian carrier to mandate coronavirus vaccine or negative test
Porter Airlines is the first Canadian carrier to require employees be vaccinated against Covid-19 or present a negative test result.
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NewsIndian carriers see significant uptick in July domestic traffic
Indian carriers saw domestic traffic bounce back in July, after bottoming out in the middle of the year amid a lethal surge in coronavirus infections.
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NewsLatvia to invest another €90m in Air Baltic, citing pandemic
Latvian lawmakers have agreed to grant government-owned Air Baltic another €90 million ($105 million) in equity for the purpose of alleviating pandemic-related losses and helping the airline recover.
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NewsSpirit’s operational meltdown cost $50m; expects Q3 loss
Spirit Airlines has cut its third-quarter revenue expectations after cancelling thousands of flights due to weather and staffing issues.
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NewsJazeera’s second quarter operating loss widens
Kuwait’s Jazeera Airways’ operating loss widened significantly in the second quarter to KD4.73 million ($15.7 million) as compared to KD1.87 million in the same period in 2020.
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NewsGerman state begins to reduce stake in Lufthansa
Germany’s Economic Stabilisation Fund (WSF) is to sell up to a quarter of the 20% stake it took in flag carrier Lufthansa as part of a state rescue package last summer.
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NewsCanada to require air travellers be fully vaccinated
Canada will require all air, rail and marine passengers to be fully vaccinated against Covid-19 by the end of October.
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Airline BusinessBright spots in second quarter fail to mask continued airline losses
While the airline sector as a whole remains firmly in the red as it struggles to shake free from grip of the global pandemic, recent weeks have seen at least carriers in pockets of the industry post profits of some kind in the second quarter.
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NewsRomania’s Blue Air breaks new ground with Heathrow-Nice service
Romanian low-cost carrier Blue Air is to launch services from London Heathrow to Nice, a move underlining its intent to both operate from primary airports and to expand outside of its home market.
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NewsKorean Air’s operating profit rises on record cargo performance
Korean Air lifted its second quarter operating profit 31% to W197 billion ($174) million on the back of a record performance from its cargo business.
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NewsBrazil’s Azul optimistic about continued recovery
Brazilian airline Azul says business picked up markedly toward the end of the second quarter, and the airline remains positive that the country’s air transport recovery will continue in the coming months.
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NewsCanadian airlines welcome government plan for vaccination passport
Canadian airlines are welcoming the goverment’s plan to create a digital vaccination passport for international travellers, to be rolled out within weeks.
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NewsAvianca submits reorganisation plan to US bankruptcy court
Colombia’s flag carrier Avianca has submitted a reorganisation plan to a US bankruptcy court.
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NewsUS charter carrier Global Crossing Airlines begins passenger operations
Global Crossing Airlines, a charter carrier based in Miami, has begun passenger operations.
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NewsSouthwest cuts third-quarter financial expectations as Covid-19 infections surge
Southwest Airlines has trimmed its third-quarter revenue forecast to reflect declining demand for air travel and a jump in ticket cancellations – both stemming from surging Covid-19 infections.