All Strategy news – Page 136
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NewsHainan tops up working capital with unused aircraft capex
Hainan Airlines Holding is channelling away funds earmarked for aircraft purchase into permanent working capital.
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NewsChina’s ‘Big Three’ see passenger traffic drop for first time in months
After consecutive months of steady recovery, China’s three largest carriers reported their first domestic traffic slump in November — the first in more than half a year, with at least one carrier blaming a resurgence in domestic coronavirus cases for the decline.
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NewsChina Airlines takes first 777F
China Airlines has taken delivery of its first Boeing 777 freighter, as it sets its sights on expanding its cargo business in the coming year.
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NewsEtihad inaugurates Boeing 787-10 used as ecoDemonstrator
The Boeing 787-10 aircraft used for this year’s ecoDemonstrator programme has been inaugurated into Etihad’s fleet.
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NewsTransat warns of ability to remain ‘going concern’, eyes Air Canada lifeline
Transat AT, owner of Canadian leisure carrier Air Transat, has warned investors about its ability to remain in business “as a going concern” if a planned acquisition by Air Canada falls through.
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NewsVirgin Atlantic cancels launch of Delhi and Mumbai flights from Manchester
Virgin Atlantic has cancelled the launch of services between Manchester airport and the Indian cities of Delhi and Mumbai. “We are continuously reviewing our flying programme and in response to the ongoing impact of Covid-19 we have made the difficult decision to withdraw our Manchester to Delhi and Mumbai services, ...
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Airline BusinessWill Europe’s low-cost airlines lead the region out of the crisis?
The possibility that vaccines might begin to have a genuine impact on controlling the pandemic in Europe by the end of the first quarter of 2021 has changed the narrative.
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Airline BusinessTurbulence in South America’s airline industry will pass
Gol chief financial officer Richard Lark explains how current woes are being exacerbated by pre-pandemic overcapacity, but that they will be overcome in a region used to handling crises
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Airline BusinessJAL pursues path as urban air mobility innovator
Japan Airlines’ foray into the urban air mobility (UAM) sector could one day see the airline benefit from alternative revenue streams .
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Airline BusinessO’Leary pitches Ryanair’s unlikely union advantage
A few years ago the notion that Michael O’Leary would argue Ryanair’s relationship with its unions would give it a competitive advantage in the marketplace would seem absurd.
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NewsPandemic pushes TUI to €3 billion full-year loss
European travel operator TUI Group has reported a full-year EBIT loss of €3 billion ($3.6 billion), but is confident that 2021 will be a “transition year” for tourism with pre-pandemic levels expected to return in 2022.
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NewsBA CityFlyer launches 11 routes from Southampton
British Airways regional subsidiary BA CityFlyer is launching a flurry of new summer season routes from the UK’s Southampton airport to leisure destinations across Europe.
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NewsVirgin Australia orders 25 Boeing 737 Max 10s, cancels previous deal
Virgin Australia, which most recently exited administration under new owners, has placed a new order for 25 Boeing 737 Max 10s, after cancelling its existing commitments for the type.
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NewsNorwegian files for formal restructuring in Norway
Cash-strapped low-cost carrier Norwegian has filed for financial restructuring under Norwegian law in parallel to a similar process already under way in Ireland. Norwegian initiated a formal financial restructuring for its Norwegian Air International subsidiary and aircraft leasing unit Arctic Aviation Assets, under an Irish examinership process, on 18 November. ...
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NewsLiquidity still US carriers’ focus despite vaccine news
US airline executives’ attempts during their third-quarter earnings calls to shift the narrative from liquidity levels to visions of a cash-positive recovery had an air of wishful thinking. Such visions have since become slightly more grounded in reality: Pfizer and Moderna in November announced efficacy rates above 90% for their ...
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NewsCargo recovery continues amid capacity crunch: IATA
Air freight demand continued its recovery in October, IATA figures show, as global cargo tonne-kilometres expanded 4.1% month on month. As a result, global demand as measured by CTKs was just 6.2% below the same month last year, after a 7.8% drop in September. Source: KLM Capacity, ...
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NewsGol makes second attempt to merge with Smiles loyalty programme
Brazilian low-cost carrier Gol has for the second time proposed merging its Smiles loyalty programme with the airline.
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NewsSIA deepens co-operation with Indian joint venture Vistara
Singapore Airlines and its Indian joint venture Vistara have inked a commercial cooperation framework agreement, widening its existing areas of partnership.
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Airline BusinessHow cargo revenue has offered a lifeline to carriers
The shortage of air freight capacity amid the coronavirus pandemic has offered opportunity for airlines, lessors, and cargo carriers to eke out some precious revenue. Half of global air freight in 2019 was carried in the bellies of passenger aircraft, so the grounding of thousands of aircraft this year depressed ...
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NewsUS airlines hike Q4 cash burn estimates
US airlines are warning that exploding coronavirus case counts across the country have sparked a new wave of cancellations which will negatively affect their business in the current quarter, including expectations of higher-than-previously-forecasted cash burn.