All Strategy news – Page 97
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NewsAustrian cites low-cost competition as it outlines tourism-focused 2022 network
Austrian Airlines is planning to focus on leisure destinations in 2022, as it acknowledges likely strong competition from low-cost cost carriers at Vienna airport.
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NewsFinnair focuses on Japan in 2022 schedule as China uncertainty continues
Finnair has added Tokyo Haneda to its schedules for summer 2022, as it focuses on serving Japan amid uncertainties over the reopening of China to non-essential travel.
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NewsItaly’s ITA Airways seals codeshare with Air Europa
New Italian carrier ITA Airways has struck a codeshare deal with Spain’s Air Europa, as it continues to fill the gap left after Alitalia ceased flights last month.
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Airline BusinessBritish Airways sees US market reopening driving business lift
Continued losses at British Airways and Lufthansa’s network carrier segment reported in the last 48 hours underline why those airlines are pinning so much hope on the reopening of the USA to international travel from Europe on 8 November.
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NewsSpanish carriers offer bright spot as IAG sees ‘inflection point’ in third quarter
IAG posted an operating loss of €452 million ($523 million) for the third quarter though its Spanish carriers Iberia and Vueling did both move out of the red.
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NewsVueling sees long-term returns from opportunistic push into new markets
Vueling chief executive Marco Sansavini believes the carrier’s moves to exploit new international opportunities that have emerged in the European short-haul market since the pandemic will provide long-term returns.
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NewsBritish Airways aiming to finalise Gatwick plans by end of November
British Airways hopes to finalise talks with unions and London Gatwick airport over a new short-haul operation in time to launch its summer plans around the end of November.
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NewsIAG chief Gallego ‘less optimistic’ about stalled Air Europa deal
IAG chief executive Luis Gallego is “less optimistic” about completing a deal to acquire Spanish carrier Air Europa, but talks are continuing with the latter’s parent company Globalia, regulators and the Spanish government.
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NewsCargo lift helps Turkish Airlines top pre-crisis profits in third quarter
Turkish Airlines profits outstripped pre-crisis levels in the third quarter as the carrier benefited from a strong cargo performance.
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NewsNo indications of big aircraft orders at Dubai air show: IATA chief
IATA director general Willie Walsh says the “cautious” approach being taken by airlines reduces the chance of any major aircraft orders being announced at the upcoming Dubai air show, despite carriers needing to rebuild their fleets post-Covid.
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NewsLufthansa chief Spohr sees no let-up in strong cargo demand
While many of the fundamentals underpinning the strong financial performance of air freight have been driven directly or indirectly by the pandemic, Lufthansa Group chief executive Carsten Spohr still sees demand remaining strong even as passenger activities recover.
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NewsLufthansa still pondering MRO unit options as strengthening efforts continue
Lufthansa Group is still evaluating whether to carry out a partial divestment of its MRO business despite progress on improving its balance sheet.
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NewsAtlas Air tops $1b in quarterly revenues for first time
Atlas Air Worldwide Holdings reported strong third-quarter results as the demand for air freight transportation continues to outstrip supply, and problems with ground-based shipping networks are slowing down the global supply chain.
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NewsRestructured Eurowings leads profit recovery for Lufthansa passenger units
Lufthansa Group chief executive Carsten Spohr believes the Covid crisis has accelerated the recovery of Eurowings, the low-cost unit it now expects to continue in profit after reaching that milestone in the third quarter.
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NewsLufthansa sees positive trend after returning to profit in third quarter
Lufthansa Group posted a positive adjusted operating profit for first since the pandemic and expects to avoid cash drain in the seasonally tough final quarter of the year.
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NewsAirAsia logistics unit takes first freighter, eyes Airbus orderbook conversion
AirAsia Group’s logistics arm Teleport is considering converting a ‘meaningful chunk’ of AirAsia’s massive order book to freighters in the future, as it takes delivery of its first dedicated cargo aircraft.
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NewsUS bankruptcy court approves Avianca reorganisation plan
A US court has confirmed Colombian flag carrier Avianca’s reorganisation plan, clearing the way for the airline to emerge from Chapter 11 bankruptcy proceedings by the end of the year.
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NewsVietnam Airlines eyes scheduled USA flights from end-November
Vietnam Airlines expects to commence scheduled direct flights between Vietnam and the USA from end-November, after it secures regulatory approval from the US Federal Aviation Administration (FAA).
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NewsFAA proposes to extend required rest for flight attendants
The Federal Aviation Administration is moving forward with a rule mandating that airline flight attendants be given at least an extra hour of rest following duty periods.
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NewsUK regional Loganair narrows full-year loss
Scottish regional carrier Loganair’s turnover for the 12 months to 31 March more than halved to £81 million ($110 million) compared with the previous year, but the airline has credited its adaptability amid the Covid-19 pandemic with helping it reduce its full-year pre-tax loss.