All Strategy news – Page 117
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Airline BusinessJapanese majors pin recovery hope on low-cost units
Recent announcements from JAL and ANA underscore the importance of low-cost carriers in the broader airline strategy and mark a mindset shift for the two carriers, who were previously wary about growing their low-cost offerings. But given the current pandemic, are the two carriers putting all their eggs in one basket?
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NewsWizz continues Italian push by launching Rome Fiumicino base in July
Central European low-cost carrier Wizz Air is to open a four-aircraft base at Rome Fiumicino airport from July.
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NewsTUI pins hopes on summer peak recovery
European travel operator TUI Group is eyeing a strong pick-up in demand this summer and intends to operate three-quarters of pre-crisis capacity in the peak holiday period.
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NewsFormer Wizz and Flybondi executive joins Volotea as CFO
European carrier Volotea has named former Wizz Air and Flybondi executive Mike Powell as its new chief financial officer.
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NewsCanada to invest an additional C$700m in airport infrastructure
Canada has set aside C$700 million ($579 million) to support the country’s airport infrastructure as it recovers from the coronavirus pandemic.
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NewsFull impact of US pipeline shutdown still unclear, American reroutes two flights
At least one US airline has rerouted flights after a cyber-attack forced the shutdown of a pipeline system that provides nearly half the fuel consumed in the eastern USA.
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Airline BusinessAirlines frustrated at UK travel ‘green list’ but Europe still on recovery course
The mood music is undeniably improving across a European region where vaccination programmes have ramped up significantly in recent weeks.
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NewsUnions squabble over contract for Canadian cargo pilots
Canada’s Unifor union has sharply criticised US-based pilot union Air Line Pilots Association, International (ALPA) for “interference” in pilot-contract negotiations with cargo and charter carrier Cargojet.
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NewsRex eyes breakeven by July amid ‘uneven’ regional demand recovery
Australia’s Regional Express (Rex) is hopeful it will break even by July this year, even as it acknowledges that its regional operations are loss-making “at current demand levels”.
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NewsBreeze backtracks on recruiting college students as flight attendants
Breeze Airways, the new low-cost startup airline founded by entrepreneur David Neeleman, is backtracking on a plan to hire only university students to work as flight attendants after coming under fire for the programme last week.
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News‘Not worth commenting on’: IATA chief Walsh slams UK travel restart plan
The UK’s announcement of countries to which non-essential travel can resume from 17 May has been given short shrift by IATA director general Willie Walsh.
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NewsUK gives green light for travel to 12 countries including Israel and Portugal
The UK government has named Israel, Portugal and Gibraltar among 12 countries on its ‘green list’ of destinations for the resumption of non-essential international travel on 17 May.
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NewsAir Canada loses C$1.3bn in Q1; calls on government to end restrictions
Air Canada continues to haemorrhage cash as the airline’s home country keeps its air carriers in the dark about a time-line for easing strict restrictions that are hindering them from returning to a pre-coronavirus normal.
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NewsJAL to acquire Spring Airlines Japan as subsidiary
Japan Airlines will acquire Spring Airlines Japan to become a consolidated subsidiary, as part of a move to streamline its low-cost units and tap into future growth potential.
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NewsJAL domestic 777s to exit by 2023, A350s to become flagship
Japan Airlines has picked the Airbus A350 as its future flagship aircraft, as it retires its fleet of domestic Boeing 777s by 2023, and reduces the number of large widebodies in the medium term.
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NewsTaiwanese carriers in the red for first quarter
Taiwan’s two main carriers — China Airlines and EVA Air — were both loss-making in their first quarter earnings as revenue took a hit.
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NewsCopa posts first quarter loss, sees diverging trends in the Americas
Panama’s Copa Airlines is banking on its advantageous geographical position and extensive network to smaller cities across the Americas and the Caribbean to eventually pull itself out of the coronavirus-driven slump.
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NewsAzul posts quarterly loss, cargo revenue rises
Brazil’s Azul narrowed its loss in the first three months of the year compared to 2020, as a bump in cargo sales partly offset steep declines in passenger revenue.
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NewsAvelo plans US East Coast expansion with New Haven base
Recently launched US start-up Avelo Airlines will expand to the US East Coast this year with flights from Tweed New Haven airport in Connecticut.
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NewsSun Country earns $12.4m profit in first quarter
Sun Country Airlines’ diversified business model – which includes scheduled passenger services, charter flights and freight transport – helped propel the airline to a first-quarter profit.