All Strategy news – Page 131
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NewsJetBlue lost $1.4bn in 2020
JetBlue Airways lost $1.4 billion in 2020, but is stressing that network and fleet shifts should position it to perform well when the air travel market recovers.
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NewsAmerican posts $2.2bn Q4 loss, bets on vaccinations
American Airlines says it lost $2.2 billion during the fourth quarter of the year, bringing its full-year loss to $8.9 billion as the coronavirus continues to plague the industry.
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NewsEurope’s air traffic outlook a ‘complete disaster’ until at least April
Europe faces a “quickly deteriorating” situation in terms of falling air traffic during the first quarter, with competing “reasonable” assumptions regarding a significant improvement or otherwise from April onwards, according to the latest short-term forecast data from Eurocontrol.
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NewsEasyJet operating 10% capacity but eyes chances to pounce
EasyJet expects to operate only around 10% of its capacity during the first quarter of the calendar year as travel restrictions tighten, but believes it can quickly capitalise on opportunities at key airports where rivals have retrenched. In a trading update today, the UK low-cost carrier says it carried almost ...
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NewsNorwegian start-up Flyr plans 1 June launch
Flyr intends to operate its first services at the start of June using Boeing 737 aircraft, as the start-up seeks to become a new low-cost carrier for the Norwegian market.
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NewsNorwegian to refocus on routes with proven profitability
Norwegian plans to focus on core connections that have “historical profitability” as it transitions to becoming a conventional low-cost short-haul operator.
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NewsHawaiian Airlines posts Q4 loss as travel restrictions remain
Hawaiian Airlines reported a fourth-quarter loss of $172.8 million as the ongoing global coronavirus crisis and ensuing strict travel restrictions in its home state continue to create hardship for the business.
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NewsAlaska posts $316mn Q4 loss, sees mixed bag for 2021
Alaska Air Group lost $316 million in the fourth quarter of 2020, and is preparing for a mixed bag in the current year as the coronavirus crisis drags on.
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NewsCO2 emissions track falling air traffic in Europe but with ‘variation’
Flights across European airspace in 2020 saw a fall in CO2 emissions that was largely in line with declining flight numbers, according to data released by Eurocontrol.
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NewsDOT faces new pressure to halt implementation of American-JetBlue joint business
The US Department of Transportation (DOT) is receiving more pressure to reexamine an already-approved revenue-sharing partnership between American Airlines and JetBlue Airways.
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NewsQuarantine moves prompt Cathay to flag higher cash burn and capacity cuts
Cathay Pacific Group expects monthly cash burn to increase by around HK$300-400 million ($38.7-51.6 million), following the Hong Kong government’s decision to impose mandatory quarantine measures on all flight crew entering the city for more than two hours.
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NewsUS airlines ask DOT to lead global Covid-19 testing programme for travellers
The US airline sector is urging the Department of Transportation to lead the creation of global Covid-19 testing standards for international travellers.
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Airline BusinessUnited expects expanded profit margins by 2023
United Airlines expects to exceed its 2019 profit margin by 2023, executives say a day after the airline reported a $7.1 billion full-year loss for coronavirus-plagued 2020.
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NewsStalled recovery prompts KLM to deepen job cuts
Dutch carrier KLM is to cut up to 1,000 more jobs as a result of the later then expected recovery in travel demand from the pandemic.
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NewsRestructuring Thai Airways and Asiana offload non-core subsidiaries
Thai Airways International and Asiana Airlines, both undergoing restructuring, have disclosed details about selling off non-core subsidiaries.
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NewsMalaysia Airlines gets UK court green light for creditors’ meeting
Malaysia Airlines’ parent company has been given the green light by the UK courts to commence a “major component” of its restructuring programme, which it hopes to wrap up by the end of the first quarter of this year.
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NewsUnited posts $1.9b Q4 loss ahead of ‘transition year’
United Airlines lost $1.9 billion in the fourth quarter of 2020 but is preparing for a “transition year”, following the devastating effects of the global coronavirus pandemic on the airline’s business and the industry as a whole.
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NewsDOT seeks to collect more ticket data from more US airlines
The US Department of Transportation (DOT) intends to collect additional passenger ticket data from airlines as part of an overhaul of its Origin-Destination Survey.
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Airline BusinessSAS leans on domestic markets amid intensifying competition
Large domestic markets have helped ease several carriers through the Covid-19 crisis, as travel restrictions and a fear of moving across borders bolster internal demand within countries with large populations and territories.
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NewsIAG aims to seal revised Air Europa purchase in second half
Iberia parent IAG has confirmed it has struck an amended agreement with Globalia to acquire Air Europa for €500 million, half the price envisaged when the deal was originally agreed in November 2019.