All Strategy news – Page 187
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NewsRyanair chief wants ‘majority in favour of something’ from UK election
The airline industry would benefit from the UK’s parliamentary election on 12 December producing a “clear majority” regarding a way forward on Brexit, in the view of Ryanair group chief executive Michael O’Leary.
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Airline BusinessDo high-profile failures tell the airline story of 2019?
Collective airline profits are likely to end 2019 still relatively high by the industry’s historical performance standards, if short of their more recent peaks. But several high-profile failures mean it feels like anything but a banner year for the sector.
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NewsIATA sees airline profits jumping back after cutting outlook for 2019
Airline body IATA expects collective industry profits to climb back to almost $30 billion in 2020, despite cutting its outlook for the current year by a further $2 billion in its latest forecast.
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Airline Business2019 airline year in review
A visual journey through some of the biggest airline stories from the past 12 months
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Airline BusinessKey airline CEO appointments in 2019
A visual record of some of this year’s key airline chief executive appointments
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NewsLa Compagnie among slot beneficiaries of Aigle Azur failure
Premium long-haul operator La Compagnie and carriers including Lufthansa, Wizz Air and TAP are among the beneficiaries of slots released at Paris Orly by the collapse of French airline Aigle Azur in September.
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NewsAlitalia to be overseen by single commissioner
Alitalia’s team of three extraordinary commissioners has been replaced with a single commissioner, the Italian government has disclosed.
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NewsHong Kong Airlines vows change after spared shutdown
Hong Kong Airlines (HKA) has vowed to get its finances back in shape and “drive consolidation” within the company, after it escaped further sanction from the territory’s authorities.
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NewsLATAM and IAG abandon joint venture plans
LATAM Airlines Group has terminated plans to develop a joint venture agreement with alliance partner International Airlines Group (IAG) after deciding to leave the Oneworld alliance.
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Airline BusinessPilots union throws support behind United’s CEO-designate Kirby
The decision by United Airlines to name Scott Kirby as its next chief executive has been firmly endorsed by United’s pilot union, which views the change as a sign that United will continue its aggressive expansion.
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NewsAustralian watchdog flags concerns over frequent flyer programmes
Australia’s competition watchdog has expressed concern about airline frequent flyer programmes, flagging the potential for unfair pricing and anti-competitive practices.
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NewsSAS to deepen cuts after ‘unsatisfactory’ 2019 result
Scandinavian airline SAS has stepped up cost-saving measures after delivering a full-year result its chief executive Rickard Gustafson describes as “unsatisfactory”.
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NewsUnited Airlines president Kirby to take over as chief executive
United Airlines’ president Scott Kirby will take over the chief executive role in May 2020, at which point current incumbent Oscar Munoz will become executive chairman of the US carrier’s board.
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NewsSAA to receive R4bn funding as part of business rescue
South African Airways is to receive a R4 billion ($273 million) in funding as part of the effort to restructure the ailing flag-carrier following its placement into business rescue.
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NewsNorwegian sells Argentinian unit to JetSmart
Norwegian has sold its Argentinian subsidiary to Chilean low-cost carrier JetSmart for an undisclosed amount, as the Scandinavian group looks to cut costs and focus on core operations.
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NewsCondor restores bird logo as it separates from Thomas Cook
German leisure carrier Condor has reverted to a previous corporate logo for its fleet, distancing the airline from its collapsed former parent Thomas Cook Group.
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LATAM signs codeshare with Delta in shift away from American
South American carrier LATAM Airlines Group has signed new codeshare agreements with pending-equity owner Delta Air Lines and announced plans to discontinue its codeshare deal with American Airlines on 31 January 2020.
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HK authorities close in on troubled Hong Kong Airlines
Hong Kong Airlines (HKA) faces the prospect of being wound up by 7 December, if it fails to turn its troubled financial situation around.
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NewsEmbattled Cathay to cut capacity in 2020
Cathay Pacific will cut seat capacity by 1.4% year-on-year in 2020 as Hong Kong’s political troubles and trade tensions hurt the airline in key markets.
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South African Airways to undergo 'radical' restructuring
South Africa’s government is to undertake an extensive restructuring of South African Airways, insisting that it has run out of alternative strategies for the troubled flag-carrier.