All Strategy news – Page 129
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Airline BusinessChallenges await as Rousseau takes Air Canada helm from Rovinescu
Air Canada’s Michael Rousseau takes the helm of the largest Canadian airline at a time when it faces multiple crises, the biggest of which is not of its own making.
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NewsAir Canada ends ‘undeniably grim’ year with Q4 loss of C$1.2bn
Air Canada ended 2020 with a fourth-quarter loss of C$1.2 billion ($950 million), closing a year the company’s outgoing chief executive calls “undeniably grim”.
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NewsAir Canada ‘confident’ that government aid is coming
Air Canada’s chief executive is “confident” that the government of Canada will offer airlines a sector-specific financial aid package – the type of support for which the industry has clamoured since the coronavirus pandemic began.
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NewsJet2 raises £422m to guard against ‘unpredictable shutdown’
Jet2 has raised £422 million ($582 million) through an equity issue aimed at ensuring it has sufficient liquidity in the event of an “extended and likely unpredictable shutdown”.
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NewsCanada approves Air Canada’s acquisition of Transat
The Canadian government has approved Air Canada’s takeover of vacation specialist Transat AT, subject to numerous conditions.
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NewsEmirates chief expects ‘meaningful’ capacity return in Q4
The impact of Covid-19 variants on government-imposed travel restrictions is likely to delay a “meaningful” restart of international travel until the fourth quarter of this year, in the view of Emirates president Tim Clark.
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Airline BusinessDoes demise of Dragon and Silk signal the end for regional sub-brands in Asia?
Singapore Airlines and Cathay Pacific have both shut or merged their regional units, in a move to simplify their group structure. With Cathay Dragon and SilkAir gone, what fate awaits the regional airline unit model in Asia-Pacific?
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NewsCopa Q4 loss is $169m, as it operated 27% of capacity
Panama’s Copa Airlines posted a fourth quarter loss of $169 million as it was only able to operate 27% of the capacity it had operated in the same quarter a year prior, due to coronavirus-related travel restrictions.
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NewsUS government considers third aid package for airlines
The US government is considering a further $15 billion in payroll support for aviation workers as the industry hopes for recovery this year.
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NewsAir travel could fully recover by late 2022: analyst
A leading aerospace analyst is predicting that airline passenger traffic will return to 2019 levels by the end of 2022 – one to two years sooner than predicted by others.
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NewsPre-Covid hub and fleet plans still hold up: Emirates chief
Emirates Airline will bounce back strongly from the Covid-19 crisis without any fundamental changes to its business model, according to the operator’s president Tim Clark, with its mix of widebody aircraft enabling it to take advantage of likely supply-side shortages in the coming years.
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NewsEthiopian Airlines may resume 737 Max operations in July
African carrier Ethiopian Airlines is satisfied with modifications made to the flight-control system of the Beoing 737 Max and may bring the type back into service in the upcoming summer season, according to the carrier’s chief executive Tewolde Gebremariam.
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NewsMesa defers revenue from mainlines amid $27m first-quarter profit
The parent company of Mesa Airlines reported an operating profit of $27 million during its first quarter of 2021 as it plans to continue to allow its mainline customers to defer payments to aid their recovery during the ongoing coronavirus pandemic. The Phoenix-based regional carrier’s operating profit was roughly flat ...
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NewsSIA swaps 787s for more 777-9s in S$4 billion capex deferral
Singapore Airlines Group has made significant changes to its order book — by swapping Boeing 787-10s for more 777-9s — in a move that sees it defer more than S$4 billion ($3.01 billion) in capital spending by about three years.
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NewsTUI sees vaccine roll-out key to sparking summer travel
Travel firm TUI Group is taking encouragement that a rapid roll-out of vaccines will help fuel a return to travel even as its latest quarterly results showed the company continuing to be hammered by the Covid-19 pandemic.
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NewsSun Country Airlines files for IPO
US leisure travel specialist Sun Country Airlines has applied to go public, according to a filing with the Securities Exchange Commission (SEC).
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NewsFleet cuts prompt dispute with pilot union at Swiss
Swiss has walked away from labour talks with pilot union Aeropers and terminated a collective agreement with the body amid a dispute over planned restructuring in response to the pandemic.
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NewsAustrian plans further restructuring amid stalled recovery
Austrian Airlines is planning to implement further restructuring measures in response to lower-than-predicted travel demand amid the current wave of Covid-19 infections. The Lufthansa Group carrier says it is currently operating around 15% of pre-crisis capacity. It had previously forecast that the level would reach 50% during the winter season ...
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NewsAeroflot losses hit $1.3 billion in 2020
Russian flag carrier Aeroflot incurred a net loss in 2020 amid slumping revenue as passenger numbers were hammered by the Covid-19 crisis.
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NewsCanadian operators West Wind and Transwest to consolidate as Rise Air
West Wind Aviation and Transwest Air will consolidate and rebrand as Rise Air to adapt to the travel downturn of the coronavirus pandemic and provide charter flights to western and northern Canada pending regulatory approval.