All Strategy news – Page 111
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News
American started accumulating cash in Q2, swung to profit in June
American Airlines says it was profitable during June, the first month it has completed without a loss since December 2019.
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Airline Business
Airline coronavirus recovery tracker: July 2021 update
Our regular examination of the latest global data for several key airline market indicators, including international and domestic travel restrictions, 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
AirAsia Group to raise up to MYR1 billion, eyes other fundraising opportunities
AirAsia Group will raise up to MYR1 billion ($239 million) through a proposed renounceable rights issue, as it confirms that it is “well-progressed” to secure other fundraising initiatives that will beef up its war chest against the coronavirus pandemic.
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News
Transat pilots accept deal to return to work
Pilots at Canada’s low-cost vacation specialist Air Transat have accepted a new contract, clearing a path for them to return to work when the airline resumes service, now scheduled for 30 July.
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News
Porter orders 30 E195-E2s, outlines major expansion
Canada’s Porter Airlines has ordered 30 Embraer 195-E2s and taken options to acquire a further 50 of the jets, while also announcing plans to expand its operation to include flights at Toronto Pearson airport.
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News
Aegean to restore 80% of capacity as losses narrow
Aegean Airlines’ losses almost halved year on year in the first quarter of 2021, and the Greek carrier aims to restore 75-80% of its capacity in the third quarter.
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News
Jet2 waits on summer demand after losses in pandemic-hit year
UK leisure carrier Jet2 continues to have “limited visibility” for the key summer period and the coming winter season as it eyes a pick-up in travel demand after posting an operating loss of £373.8 million ($463.9 million) for the pandemic-hit year to March 2021.
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News
Two months after launch, Avelo cuts destination cities, raises prices
Just over two months after launching operations, US startup carrier Avelo Airlines is pulling back service to several of its launch cities, and raising prices.
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News
WestJet names Diederik Pen as new COO
Canada’s WestJet has appointed former Wizz Air executive Diederik Pen to be its next chief operations officer.
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News
Number of US air travellers exceeded 2019 levels two days last week
More people travelled by air on two consecutive days around last weekend’s US Independence Day holiday weekend than did on the same days in pre-coronavirus 2019, the government agency responsible for airport security says.
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News
Aegean awarded state funds following successful capital increase
Aegean Airlines has received a €120 million ($142 million) grant from the Greek government, after completing a required €60 million share capital increase.
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Airline Business
Low-cost players raise pressure in ‘groundhog day’ Italian market
Low-cost carriers may already hold a strong grip on the short-haul European market from Italy, but it is not stopping them from expanding their presence this summer.
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News
Canada’s Porter to restart flights in September with federal aid
Porter Airlines intends to resume operations on 8 September, following months of delays as the regional carrier watched for signs that Canada would loosen travel restrictions and that demand for flights would return.
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Airline Business
Corporate customers help airlines on journey to affordable sustainable fuel
Amid a profound shift towards sustainability in the wider economy, airlines are getting a helping hand from an unlikely source to help them pay for pricey sustainable aviation fuel
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News
Indonesia AirAsia suspends all flights as tightened restrictions kick in
Indonesia AirAsia will suspend all scheduled flights across its network for a month, as Indonesia tightens restrictions on the islands of Bali and Java to curb the spread of coronavirus.
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News
Jetstar Japan names new chairman
Jetstar Japan has appointed Nick McGlynn as its new chairman, replacing Yasuhiro Nakamura, who retired on 30 June.
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Airline Business
Airline Business Friday Briefing: Early call for aircraft orders
This is an industry that has to both plan for and bet on future demand, and while United’s order may feel like a resumption of business as usual for airlines, the reality is that the here and now remains firmly in crisis.
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Airline Business
Why airlines are worried about passenger-processing times at airports
In a twist that seems unfair given the dreadful time the industry has had over the past 16 months or so, there exists a genuine risk that even a minor uptick in traffic in some markets might threaten to overwhelm the passenger-processing capacity at airports.
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News
Cyprus Airways unveils new ownership and chief executive
Cyprus Airways has been acquired by Malta’s SJC Group and has named George Mavrocostas as its new chief executive.
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Airline Business
Network reach and touchless travel bring alliances to the fore
If in recent years the fashion for joint-venture partnerships has cast doubts over the relevance of the major global airline alliances, the pandemic in many ways underlines the basic value the global groupings can offer to their member carriers.