All Strategy news – Page 889
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News
Small is beautiful...but is it also better?
Without the large hubs and huge networks of the major carriers, the middle ranking USairlines have recovered faster, made fewer cuts and been able to act more quickly than their larger counterparts. For some, traffic is already back on track
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America West gains state solace in loan guarantee
The federal government has become the single largest player in the fate of America West Airlines, agreeing to guarantee it $429 million in loans after the airline made a dramatic plea for early approval - without which it was poised to go into bankruptcy.
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Airlines gain partial relief on airport fees
In the two months since IATApleaded for airports either to freeze or reduce charges to aid its members, it has seen a mixed reaction from Europe's hubs.
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bmi makes low-cost move
bmi British Midland's decision to launch a low-cost subsidiary, christened bmibaby, at East Midlands Airport signals a significant new development in the battle between European mainline and low-cost carriers.
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EC pushes ahead with air passenger rights proposals
Brussels has ignored industry pleas for a delay and put forward its proposals on air passenger rights, promising a five-fold increase in compensation for involuntary denied boarding on long-haul flights. Carriers fear this will bring costly penalties for overbooked flights.
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Dim light at end of tunnel
Investor confidence has begun coming back to the airlines, as have passengers. All that is needed now is profits as carriers start to post dismal fourth quarter losses.
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Competition time
Until now, regulators around the world have tended to rule on what the airline industry may not do by way of competition and consolidation. Now it is time for a positive vision of what is allowable in the brave new world post-11 September.