All Strategy news – Page 94
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NewsUnited invests in ZeroAvia and may buy up to 100 hydrogen-electric engines
United Airlines has taken a stake in advanced propulsion developer ZeroAvia, in a an agreement that could see the carrier order up to 100 hydrogen-electric engines that could be retrofitted onto United Express regional aircraft by 2028, pending certification.
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NewsDelta to invest $1.2bn to bolster equity roles in Aeromexico, LATAM and Virgin Atlantic
Delta Air Lines is underpinning its partner airline strategy by investing a further $1.2 billion to retain significant equity stakes in Aeromexico, LATAM Airlines Group and Virgin Atlantic following their respective restructurings or recapitalisations.
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NewsUK airlines call for lifting of ’haphazard and disproportionate’ travel restrictions
UK airline leaders have grouped together to call for the testing requirement of fully-vaccinated passengers to be dropped when the government reviews emergency measures brought into combat the spread of the Omicron variant.
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NewsAir France-KLM takes first step in state-loan repayment
Air France-KLM has taken a first step in repaying the €4 billion French state-backed bank loan it secured during the Covid crisis by redeeming €500 million of it.
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NewsVietJet swings to profitability in Q3 as costs decline
Low-cost carrier VietJet swung to the black for the third quarter of the year, amid a significant decline in costs.
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NewsCreditors object to Delta’s role in Aeromexico bankruptcy financing
Numerous creditors are objecting to Aeromexico’s restructuring plan, claiming the plan is marred by conflicts of interest involving parties including Delta Air Lines.
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NewsPerennial start-up Canada Jetlines now aims to launch in Q2 2022
Canada Jetlines, which has promised to launch a low-cost airline for years, is now setting its sights on beginning flights by the second quarter of 2022.
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NewsAir Transat cuts fiscal Q4 loss and ramps schedule
Transat AT, owner of Canadian leisure carrier Air Transat, says increased load factors helped reduce losses in the company’s fiscal fourth quarter, and that demand is set to rise as passenger confidence improves.
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NewsIATA joins African airline body in calling for Omicron travel bans to be rescinded
Global airline association IATA has urged governments to drop the travel bans implemented in response to the Omicron variant of Covid-19, citing World Health Organization advice on the issue.
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NewsAllegiant sees Mexico as a “green field”: CEO
A week after Mexican ultra-low-cost carrier Viva Aerobus and Allegiant Air applied to the US Department of Transportation (DOT) for a transborder commercial alliance, the US discount carrier’s chief executive Maurice Gallagher says Mexico is a “green field” that holds many possibilities for the airline.
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NewsSouthwest predicts it will be profitable in Q4 and 2022
Southwest Airlines now expects its fourth quarter financial results will be better than previously anticipated, and predicts it will turn profits in the period and in 2022.
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NewsAmerican president Isom to succeed Parker as CEO in March 2022
American Airlines chief executive Doug Parker will retire effective 31 March 2022 and be succeeded by American president Robert Isom.
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NewsUnited Airlines names Nike CFO Matthew Friend to its board
United Airlines has named Nike chief financial officer Matthew Friend to its board of directors.
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Airline BusinessHow low-cost carrier share is evolving in European short-haul markets
Airline positions in the European short-haul market going into next summer vary widely. Most operators, particularly network carriers, have opted for a more cautious approach to capacity within Europe in a bid to secure some kind of profitability – or at the very lest to limit losses. But others, notably in the low-cost segment, have made a push for market share.
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NewsCape Air names Linda Markham as new chief executive
US commuter airline Cape Air has named Linda Markham to be its next chief executive officer after founder and long-time CEO Dan Wolf steps down in January.
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Airline BusinessAirlines wait for more visibility as Omicron clouds recovery track
The emergence of a new Covid variant of concern and of its spread beyond southern Africa where it was first identified is the news airlines have feared since vaccination programmes began emboldening governments to reopen their borders for travel.
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NewsRyanair focused on summer as fresh restrictions bring ‘challenging’ Christmas
European budget carrier Ryanair is putting its focus on meeting an uptick in summer travel as it sees demand until Christmas likely stifled by fresh travel restrictions. Ryanair, which Eurocontrol data showed earlier in November surpassed pre-Covid flight activity for the first time since the pandemic, today disclosed it carried ...
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NewsAvianca emerges from bankruptcy protection
Colombian carrier Avianca is the first of three Latin American airlines to complete its financial restructuring process and emerge from Chapter 11 bankruptcy proceedings.
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NewsOmicron is a setback, but won’t stop airline recovery: United’s Kirby
United Airlines chief executive Scott Kirby believes Omicron – the highly mutated variant of Covid-19 recently discovered in South Africa – will be a short-term setback for airlines, but won’t stop the industry from moving toward full recovery.
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NewsITA firms Airbus order for 28 aircraft
New Italian national carrier ITA Airways has firmed its commitment for 28 new Airbus aircraft.