All Strategy news – Page 177
-
NewsAlaska Airlines not yet cutting capacity due to coronavirus
Alaska Airlines doesn’t plan to cut capacity for March and April, unlike many other airlines. It is still considering options to respond to the coronavirus epidemic that has hit the travel industry hard in the past month.
-
NewsNorwegian cuts jobs and capacity amid ‘critical time’
Norwegian has disclosed plans to cut 3,000 flights between mid-March and mid-June, and is calling for action from authorities to “reduce the financial burden” on the airline sector.
-
NewsAir France-KLM traffic fall in February shows first signs of impact
Air France-KLM figures showing traffic on Asia-Pacific routes down a quarter in February provide the first clear passenger data illustrating the impact on European carriers of the coronavirus outbreak.
-
NewsQantas executives and board take pay cut
Qantas’ Alan Joyce has joined the growing list of airline chiefs taking pay cuts to tackle the coronavirus crisis. For the rest of the financial year (FY) ending 30 June 2020, Joyce will take no salary while the group executive management team will take a 30% pay cut. Likewise, the ...
-
NewsHawaiian struggles with managing coronavirus crisis
Hawaiian Airlines is struggling with a dramatic decline in business due to the global COVID-19 epidemic, as passengers cancel both international and, increasingly, domestic travel in an effort to protect themselves from becoming infected.
-
NewsSAA launches airline-wide consultation on job cuts
Administrators for South African Airways have launched a consultation covering its almost 5,000 staff members on job cuts as it bids to restructure its workforce for a slimmed-down operation.
-
AnalysisFinnair lays out ambitious new sustainability strategy
Finnair has pledged to make environmental protection a core company value and halve its net carbon emissions by 2025, versus last year, under a new sustainability strategy.
-
NewsCathay mulls cargo-only service on passenger jets to Japan
Following cuts made to its Japan passenger network, Cathay Pacific is considering operating cargo-only services on its passenger aircraft. In a notice sent out to its clients, Cathay’s cargo arm says it only expects passenger belly cargo operations to be impacted by recently-announced cuts. However, it is looking at ways ...
-
NewsAir NZ withdraws earnings guidance on coronavirus uncertainty
Air New Zealand is withdrawing its full-year earnings guidance for 2020 “due to increased uncertainty surrounding the duration and scale of the Covid-19 outbreak.” The carrier disclosed on 24 February target earnings before other significant items and taxation of NZ$300-350 million ($189-220 million) for financial year 2020, with an estimated ...
-
NewsGaruda working to mitigate coronavirus impact
Garuda Indonesia is seeking to deploy capacity on cargo routes and to renegotiate leases as it seeks to contain the hit of the coronavirus outbreak, The flag carrier intends to boost its cargo revenue and domestic capacity by redeploying aircraft previously used for Indonesia-China services that were suspended on 5 ...
-
NewsIATA sees ‘partial success’ in call for easing slot rules
IATA has reiterated its call to governments and slot co-ordinators – including those in the European Commission – to ease slot rules, in light of the escalating coronavirus outbreak globally. Speaking at a briefing held after a two-day industry workshop in Singapore, IATA chief economist Brian Pearce says “the evidence ...
-
NewsUK transport minister urges slot co-ordinator to ease rules amid coronarvirus
UK transport minister Grant Shapps has written to national slot co-ordinator Airport Co-ordination Limited (ACL) to “explicitly” take into account the impact on the environment of airlines flying empty aircraft in taking its decision on slot rules alleviation.
-
NewsNorwegian slashes transatlantic capacity as coronavirus hits demand
Norwegian is cutting 22 long-haul flights between Europe and the USA between 28 March and 5 May, as passenger numbers dive as a result of the coronavirus outbreak.
-
NewsIATA flags up to $113 billion revenue hit from coronavirus ‘crisis’
Airlines globally could see lost revenues of between $63 billion to $113 billion in 2020, depending on the extent of the coronavirus outbreak, says IATA, as it labels the impact “a crisis”.
-
NewsEtihad reports $870 million annual loss
Etihad Airways narrowed its loss in 2019, to $870 million from $1.28 billion the year before, as the Abu Dhabi carrier cut capacity 6% as part of its transformation programme.
-
Airline BusinessBunk-beds to lounges: ultra-long haul interiors straddle comfort and economics
As Qantas nears its decision on undertaking ultra-long-haul flights, what should it pay heed to, in designing its cabin features?
-
NewsBeleaguered Flybe ceases operations
UK regional carrier Flybe, which was beset by financial woes, has ceased operations and filed for administration. The airline has appointed Alan Hudson, Joanne Robinson, Lucy Winterborne and Simon Edel of professional services firm Ernst & Young as joint administrators, a notice on its website reads. “All flights have been ...
-
NewsCoronavirus hit to January traffic the ‘tip of the iceberg’: IATA
IATA data shows that passenger traffic growth slowed to 2.4% in January – the weakest monthly increase since April 2010, and a sharp decrease from December 2019’s 4.6% rise in revenue passenger-kilometres. “January was just the tip of the iceberg in terms of the traffic impacts we are seeing owing ...
-
NewsUS airlines ask President Trump to reassure virus-weary travellers
US airline chief executives met with President Donald Trump and other officials in Washington, DC on 4 March to discuss their industry’s response to the coronavirus outbreak. They also urged Trump to assure the American public that air travel remains safe – a request coming as the industry reels from sagging demand and virus-spooked travellers.
-
NewsVirus prompts Delta to slash Japan capacity
The ongoing coronavirus outbreak has led Delta Air Lines to slash capacity to Japan and delay a plan to launch flights from Seoul to Manila.