All Strategy news – Page 61
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News
Canadian ULCC Swoop fined for failing to refund passengers for Covid-19 disruptions
Canadian ultra-low cost carrier Swoop was fined $175,000 in civil penalties by the US Department of Transportation (DOT) for failing to provide timely refunds to passengers who had flights cancelled or significantly delayed due to the Covid-19 pandemic.
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Thanksgiving travel surges on busiest day for US airlines
The surge in air travel for Thanksgiving is cresting for US airlines as more than 48,000 flights are scheduled for 22 November, the expected high point for the week, according to the US Federal Aviation Administration.
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Airline Business
Demand for US airline travel faded in October compared to 2019: Bloomberg report
US air travel bookings declined in October, with ticket demand falling “as consumers feel pinched”, according to a 21 November report from Bloomberg Intelligence.
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News
Virgin Atlantic attaches new conditions to support for third Heathrow runway
Virgin Atlantic is now attaching conditions to its support for the building of a third runway at London Heathrow airport, having previously been “unequivocal” in its backing of the idea.
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Airline Business
Gol chief leads the Brazilian carrier out of the pandemic while still piloting its 737s
Chief executive Celso Ferrer still makes time to fly Gol’s 737s as he navigates the low-cost operator out of the Covid-19 crisis and into a new group structure
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Airline Business
Has air cargo embraced digitalisation during its moment in the sun?
Having long lagged the passenger industry when it comes to digitalisation, the cargo sector might have seen its best opportunity to change that, thanks to its elevated post-pandemic status
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Airline Business
Malaysia Airlines’ sustainability chief on ‘seismic’ decisions ahead – and leading Firefly
As the chief sustainability officer of an airline group and leader of a low-cost carrier, Philip See has a unique perspective on the net-zero push
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Airline Business
Stalling steps for European airline consolidation
While several European carriers are seeking – or being touted as – potential acquisition or partnership targets, at present firm progress is still to emerge.
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News
Cathay flags ‘substantial’ 2022 loss despite improving environment
Cathay Pacific Group expects to post a “substantial” full-year loss for 2022, despite being cash positive and seeing good recovery progress through the year-end.
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News
Asiana sees 43% rise in profits as passenger travel returns
Asiana Airlines improved its quarterly profits, amid an upswing in passenger travel following the easing of domestic and international travel restrictions.
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News
Air Canada invests C$6.75 million in carbon capture technology
Air Canada has invested C$6.75 million ($5.07 million) to support nascent technology that could potentially pull carbon from the atmosphere at an industrial scale.
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News
Asia airline leaders see glass-half-full despite continued challenges
Given where passenger travel markets stood in Asia-Pacific this time last year, it is perhaps unsurprising that airline leaders from the region are taking a glass half-full approach to the current state of the market.
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Airline Business
Garuda chief eyes streamlined, profitable future
The chief executive of Garuda Indonesia is determined that the carrier make the most of its new lease on life following a major restructuring exercise.
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News
Copa third-quarter profit rises to $116 million
Copa Holdings, the parent company of Panama’s Copa Airlines posted stronger third-quarter earnings as passengers returned to air travel in greater numbers.
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News
Frontier launches ‘all-you-can-fly’ pass for short-notice air travellers
US ultra-low cost carrier Frontier Airlines is offering a flat rate for unlimited flights between its destinations in the USA with a new annual subscription package.
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Airline Business
Airline Business Covid-19 recovery tracker: November 2022 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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News
‘Lucrative time to be an airline pilot’: Three US regional airlines dangle hefty bonuses
With US regional airlines struggling to fill cockpit seats, Envoy Air, Piedmont Airlines and PSA Airlines are each offering $100,000 signing bonuses to attract qualified pilots.
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News
UK start-up Hans Airways secures fresh financing in push for AOC
UK start-up Hans Airways has completed a new round of financing which it says satisfies the UK Civil Aviation Authority’s requirements for it to secure an air operator certicate (AOC).
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News
United Airlines Ventures invests in biofuel refinery
United Airlines’ technology venture capital arm, United Airlines Ventures, has invested in a biofuel refinery in Oregon.
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News
Canada and India agree to unlimited passenger flights between the countries
Canada and India have agreed to an expanded air transportation agreement allowing designated airlines to operate an unlimited number of flights between the two countries.