All Strategy news – Page 157
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Airline BusinessUS airlines brace for further volatility in second half of 2020
No matter what kind of positive spin they put on it, US airlines suffered financial carnage in the second quarter as the coronavirus tore through the industry and global economy.
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NewsAirline slot waivers need strict conditions: ACI World chief
Airports body ACI World does not completely oppose a waiver of the 80:20 slot rule in the North Hemisphere winter season, but argues it should only be applied with strict conditions attached.
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NewsEurope’s low-cost carriers look beyond the restart
With the European aviation market shaken and long-haul travel largely absent, it is the continent’s low-cost carriers that are embracing the restart, driven by pent-up leisure and visiting-friends-and-family (VFR) demand.
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Airline BusinessWhy SpiceJet may feel time is right for US and UK services
True long-haul flights would be a significant strategic change for the budget operator, and there are many challenges to overcome before services could start.
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NewsJet Airways receives two bids
Grounded Indian carrier Jet Airways has received two bids as part of its sale process, according to a 23 July filing to the BSE.
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NewsThai Airways details creditor claims amounting to Bt85 billion
Thai Airways International has disclosed details of Bt85 billion ($2.7 billion) in creditor claims it received among others, citing these as “one of the reasons why the company has filed for the rehabilitation petition”. CIMB Thai Bank and Islamic Bank of Thailand requested in May the repayment of principal and ...
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NewsSIA uses A350-900 and 787-10 aircraft to raise liquidity
Singapore Airlines Group has raised an additional S$750 million ($540 million) from long-term loans secured by an unspecified number of Airbus A350-900 and Boeing 787-10 aircraft. Cirium fleets data show that within SIA Group’s in-service and stored fleet, mainline carrier SIA owns and operates 48 A350-900s and 15 787-10s. Including ...
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NewsSouthwest sees recovery as ‘long saw-toothed slog’
Southwest Airlines reported a $915 million loss for the second quarter and says it expects customer demand to return to pre-coronavirus levels only once there is a vaccine to protect travellers.
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NewsAmerican losses top $2bn as crisis hammers airline in second quarter
American Airlines posted a net loss of $2.1 billion during a devastating second quarter as the coronavirus brought air travel and the global economy to a near-standstill.
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NewsKLM focuses on destinations over frequencies as network recovers
Dutch carrier KLM is ramping up the number of destinations it serves, but frequencies will remain well down year-on-year.
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NewsAlaska eyes Oneworld membership by year-end
Alaska Airlines hopes to complete its entry into Oneworld by the end of the year after the alliance formally invited the US carrier to become its 14th member.
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NewsJeju Air scraps Eastar Jet acquisition
South Korea’s Jeju Air has scrapped plans to acquire a majority stake in compatriot low-cost carrier Eastar Jet. Jeju says in a stock exchange disclosure that the stock sale contract was cancelled due to violation of key terms and an overdue transaction closing period, without going into details. It says: ...
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NewsTaiwan passes proposal for China Airlines renaming
Taiwan lawmakers have approved a proposal to rename national carrier China Airlines, paving the way for a possible rebranding. The proposal, first mooted by the ruling Democratic Progressive Party caucus, calls on the island’s transport ministry to study and propose a phased plan to “strengthen China Airlines’ international recognition,” ...
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NewsSpirit warns of tough third quarter
Spirit Airlines says its flexible network and lower fuel and flight operations costs helped it weather the coronavirus storm in the second quarter, and expects the next months to continue to be volatile as the pandemic drags on.
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NewsUnited refrains from retiring aircraft, stands ready to expand long-haul travel
United Airlines has no plans to retire aircraft following the devastating coronavirus crisis, saying it stands ready to resume normal services and to offer more long-haul flights to overseas destinations once travel restrictions lift.
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NewsWizz Air chief predicts 100-aircraft Abu Dhabi operation
Wizz Air Abu Dhabi can mimic the fleet growth seen at the carrier’s European operation and reach 100 aircraft in 15 years’ time, according chief executive Jozsef Varadi.
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Airline BusinessNew chief has big plans for ACI, but crisis recovery comes first
The new director general of airports body ACI World has grand plans to increase the profile and reach of the organisation – but knows he must first oversee the industry’s recovery from an unprecedented crisis, as the coronavirus pandemic halves passenger traffic in 2020. “The short-term [goal] is of course ...
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NewsAirline ‘paper profits’ useless in a crisis: Wizz Air chief
An important lesson from the coronavirus crisis is that too many airlines focus on “paper profits” at the expense of genuine liquidity, according to Wizz Air chief executive Jozsef Varadi.
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NewsUnited suffers ‘most difficult’ quarter in its 94-year history
United Airlines posted a loss of $1.6 billion for the second quarter of the year as the global coronavirus pandemic brought commercial aviation to a near-standstill, decimating passenger demand and forcing the carrier to ground a large portion of its fleet.
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NewsAlaska Airlines’ pilots approve measures that will prevent furloughs: union
Pilots at Alaska Airlines have reached an agreement with the carrier that they say will prevent the need for furloughs and layoffs when government payroll support ends later this year.