All Strategy news – Page 120
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NewsEmirates boss Clark confident premium seats will be filled
Emirates Airline president Tim Clark believes airlines will be able to fill business-class and premium-economy seats following the pandemic even if demand for corporate travel remains depressed.
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NewsIATA deepens industry loss forecast for 2021 on slower recovery
IATA has deepened its forecast for airline net losses in 2021 to $47.7 billion due to the slower than hoped for recovery in air travel from the pandemic.
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NewsPremium travel market changed by pandemic: Virgin Atlantic chief
Virgin Atlantic chief executive Shai Weiss expects that although business and premium leisure travel will rebound after the pandemic, it will be “in a new format”.
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NewsAmerican recalls pilots, will hire up to 900 more by end-2022
American Airlines is recalling all of its pilots ahead of what the carrier anticipates will be a busy summer travel season.
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NewsInternational capacity rise helps support Aeromexico Q1 results
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, says a small rise in international capacity is helping the airline slowly recover from the coronavirus crisis as it continues to work through bankruptcy protection proceedings.
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NewsIATA chief sees airlines ‘more cautious’ in post-pandemic networks
A focus on tackling the mounting debt burden is likely to result in airlines adopting a more cautious approach to building back their networks post-pandemic, believes new IATA director general Willie Walsh.
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NewsEasyJet keeping one eye on growth: chief
EasyJet remains in expansion mode and is laying the groundwork to achieve this over the coming years, according to the UK low-cost carrier’s chief executive Johan Lundgren.
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NewsAirline industry is ‘up for the challenge’ on environment: Walsh
New IATA director general Willie Walsh cites continued airline investments in sustainability initiatives – despite the financial pressure from the global pandemic – as evidence for his confidence the industry can meet the challenge of cutting its greenhouse emissions.
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NewsJuneyao latest Chinese carrier to suffer losses in 2020
Chinese carrier Juneyao Air was loss-making in 2020, much like its larger, state-owned compatriots, which have also saw their profitability punished by the impact of the coronavirus outbreak.
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NewsUnited loses $1.4bn in Q1, sees path to profitability
United Airlines lost $1.4 billion in the first quarter but sees a path to profitability as customers return to air travel in greater numbers.
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NewsAir Nostrum seeks €103 million of government aid
Spanish carrier Air Nostrum is seeking €103 million ($124 million) of government financial support due to the impact of the pandemic on its operations.
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NewsUK regulator clears path for JetBlue transatlantic debut
UK regulators have cleared JetBlue Airways to launch flights to London from New York and Boston, a further step in the carrier’s plans to begin transatlantic services this year.
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NewsSmith sees Transavia as key tool to counter loss of Air France’s Orly slots
Air France-KLM group chief executive Ben Smith believes the flexibility union agreements have given it to develop low-cost unit Transavia at Paris Orly provides the group with a tool to help offset the loss of slots at the airport.
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NewsChina’s airlines expected to narrow first-quarter losses amid traffic surge
The Chinese airline industry is forecast to be about CNY30 billion ($4.6 billion) in the red for the quarter ended 31 March, narrowing its losses year on year amid an improvement in “recovery momentum”.
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NewsUS regional carrier ExpressJet plans comeback
ExpressJet, a US regional carrier which ceased operations in September, has requested to resume scheduled service under its own brand.
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NewsDelta loses $1.2bn in Q1, aims for profitable Q3
Delta Air Lines aims to return to profitability in the third quarter as domestic travel ramps up following the year-long coronavirus downturn.
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NewsAir Baltic’s operating loss balloons to €202 million amid crisis
Air Baltic posted a €202 million ($242 million) operating loss in 2020 amid the pandemic, swinging from a €27 million EBIT profit in the previous year.
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NewsRussia’s S7 to sell off Cyprus Airways stake
Russia’s S7 Group is looking to sell its 36.9% stake in Cyprus Airways.
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Airline BusinessWhat future does the A380 have in a post-pandemic travel world?
Already a luxury of debatable value to many operators before the crisis, the A380 appears even less well-suited to a market featuring depressed travel demand and a focus on cargo
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Airline BusinessEyes on UK for first signs of European air travel recovery
The real test is ahead; as the region moves towards the middle of the year and the crucial June-August holiday season, will markets begin to open up and genuine recovery momentum build?