All Strategy news – Page 70
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NewsAmerican names Ingersoll Rand CEO Reynal to its board
American Airlines has named Ingersoll Rand chief executive Vicente Reynal to its board of directors.
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NewsBlue Air suspends flights as Romania blocks accounts in debt row
Romania’s environment minister has called a decision by Blue Air to suspend flights “unjustified” after blocking the carrier’s accounts in a row about the recovery of a 28.7 million lei ($5.9 million) debt.
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NewsUS airlines brace for heavy Labor Day weekend air travel
The last major travel weekend of the summer is set to be a busy one for the largest US airlines, which are facing pressure from federal regulators to smooth operations.
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NewsEmirates to resume some Nigeria flights after partial release of blocked funds
Emirates will resume some of its Nigeria services from 11 September, after the country’s central bank released a portion of blocked airline revenue from ticket sales. Emirates said in mid-August that it was suspending services to the country from 1 September because of what it called “our ongoing challenges in ...
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NewsDOT rolls out 'dashboard' for stranded air travellers
The US Department of Transportation has rolled out a new online tool ahead of Labor Day weekend to give air travellers clear information about their options upon experiencing travel disruptions.
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NewsEthiopian Airlines sees near-doubling of full-year profit to $937m: state fund
Ethiopian Airlines Group achieved a net profit of $937 million during its financial year to 30 June 2022, according to its home country’s sovereign wealth fund, with cargo accounting for more than half of the group’s revenue.
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Airline BusinessRyanair’s Italian surge will be headache for ITA Airways owners
If a consortium comprising Certares, Air France-KLM and Delta Air Lines eventually takes control of Alitalia successor ITA Airways, it will have much ground to make up in the short-haul sector in particular.
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NewsRyanair chief denies saying cheap fares are thing of past
Ryanair group chief executive Michael O’Leary says he was “somewhat misquoted” in a series of recent news articles that suggested he believed the “era of cheap air fares” had come to an end.
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NewsItaly to open exclusive talks with Air France-KLM, Delta consortium over ITA sale
Italy’s finance ministry is to begin exclusive negotiations with a consortium comprising Certares, Air France-KLM and Delta Air Lines to take control of Alitalia successor ITA Airways.
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NewsChina’s continued ‘zero-Covid’ policy pushes ‘Big Three’ to record first-half losses
China’s three largest carriers widened their half-year losses, as they count the economic costs of China’s continued zero-infection policy, which has dampened travel demand.
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NewsALPA wins recent pilot pay gains at US regional airlines
A handful of US regional airlines recently hiked pilot pay rates amid an industry-wide effort to attract and retain pilots and keep pace with surging travel demand.
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News‘We are back’: AirAsia Aviation sees recovery by mid-2023 amid swing to modest profit
AirAsia Aviation Group expects to recover full operations by mid-2023, as capacity ramp-up continues amid optimism that travel demand will remain robust.
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NewsCanada Jetlines delays launch to 22 September
Canadian discount start-up Canada Jetlines has again pushed back its planned start of passenger flights, this time by about three weeks, until 22 September.
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NewsWizz Air predicts ‘long-term’ Saudi role as it connects nine more European points
Low-cost carrier Wizz Air has announced a string of new routes between Europe and Saudi Arabia as it seeks to play its part in the kingdom’s ambitions to expand its aviation sector.
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Airline BusinessSlower restart fails to protect Qantas and ANZ from operational woes
This week’s earnings commentaries from two of the airlines most affected by travel restrictions during the Covid-19 crisis show how all corners of the industry are vulnerable to operational challenges.
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Airline BusinessAirline Business Index surges towards 2019 baseline as travel demand returns
The latest Airline Business Index shows the global airline industry’s progress towards its pre-Covid size accelerated rapidly during the second quarter of 2022, as revenues in particular surged alongside passenger numbers.
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NewsQantas to reactivate five remaining A380s by end-2023
Qantas is to reactivate its five remaining Airbus A380s by December 2023, as the airline looks to ramp up international capacity, including resuming flights to New York.
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NewsKenya Airways narrows first-half loss on pick-up in passenger business
Kenya Airways cut its first half losses by almost a third as the reopening of travel markets enabled it to more than double passenger revenues.
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NewsVirgin Australia doubles 737 Max 8 order with four additional aircraft
Virgin Australia will add another four Boeing 737 Max 8 aircraft to its fleet, amid sustained strong demand for travel, and in line with fleet growth plans.
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NewsANA to fully recover domestic network by end-October, eyes international uptick
All Nippon Airways (ANA) and low-cost unit Peach will restore domestic flying to pre-pandemic levels in the coming months, as it eyes “proactively increasing” international flights if and when Japan’s border restrictions ease further.