All Strategy news – Page 131
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Qantas could launch Project Sunrise flights in 2024
Qantas could introduce ultra-long-haul flights under its delayed Project Sunrise programme as soon as 2024, according to the carrier’s chief executive, Alan Joyce.
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Ryanair eyes slow-then-sudden 2021 recovery
Ryanair expects a gradual recovery in the spring to be followed by a “substantial” return to flying through the summer, as desperate northern Europeans rush back to holiday destinations. Noting that the carrier is “already seeing a rise in bookings into the period”, group chief executive Michael O’Leary said during ...
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Hainan Airlines warns full-year loss could hit staggering CNY65 billion
China’s Hainan Airlines has forecast a staggering full-year net loss of between CNY58 and 65 billion ($9-10 billion), with asset impairment costs expected to account for a significant portion of its red ink.
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China’s ‘Big Three’ flag steep full-year losses from pandemic impact
China’s three largest carriers are expecting to swing firmly into the red for the year ended 31 December 2020.
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Industry groups urge US government to reject domestic testing requirement
A coalition of travel industry lobby groups and unions is urging the new US administration to reject a coronavirus testing mandate for domestic air travel similar to the one that was introduced for international arrivals earlier this week.
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United warns 14,000 employees their jobs may be in danger
United Airlines has put 14,000 employees on notice that their jobs are once again in danger when the second round of US government financial aid set aside for airline payroll support expires on 31 March.
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Air cargo leaders expect ‘challenging but profitable’ 2021
Elevated demand for dedicated air cargo services will persist for several years until there is a meaningful return of passenger services, according to leading figures in the air cargo industry.
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Chinese domestic flights drop to levels last seen in May 2020
Domestic flights in China have entered a steep downward trend in the past few days, according to data released by Eurocontrol, as the country responds to a resurgence of Covid-19 cases in some regions.
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ANA taps into bellyhold cargo in Okinawa logistics hub revamp
The ANA Group will make use of bellyhold cargo of flights at Okinawa island’s Naha airport in its plans to revamp the island’s logistics hub into a new network model.
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US airlines blast possible Covid-19 test requirement for domestic travellers
Requiring Covid-19 tests for US domestic air passengers would be unnecessary, complex and impractical – or as one Southwest Airlines executive puts it, “a real goat rodeo”.
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Southwest posts full-year loss for the first time since 1972
Southwest Airlines lost $908 million in the fourth quarter of 2020, bringing the airline’s full-year loss to $3 billion – the first time in 47 years that the carrier ended the year in negative earnings territory.
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JetBlue lost $1.4bn in 2020
JetBlue Airways lost $1.4 billion in 2020, but is stressing that network and fleet shifts should position it to perform well when the air travel market recovers.
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American posts $2.2bn Q4 loss, bets on vaccinations
American Airlines says it lost $2.2 billion during the fourth quarter of the year, bringing its full-year loss to $8.9 billion as the coronavirus continues to plague the industry.
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Europe’s air traffic outlook a ‘complete disaster’ until at least April
Europe faces a “quickly deteriorating” situation in terms of falling air traffic during the first quarter, with competing “reasonable” assumptions regarding a significant improvement or otherwise from April onwards, according to the latest short-term forecast data from Eurocontrol.
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EasyJet operating 10% capacity but eyes chances to pounce
EasyJet expects to operate only around 10% of its capacity during the first quarter of the calendar year as travel restrictions tighten, but believes it can quickly capitalise on opportunities at key airports where rivals have retrenched. In a trading update today, the UK low-cost carrier says it carried almost ...
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Norwegian start-up Flyr plans 1 June launch
Flyr intends to operate its first services at the start of June using Boeing 737 aircraft, as the start-up seeks to become a new low-cost carrier for the Norwegian market.
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Norwegian to refocus on routes with proven profitability
Norwegian plans to focus on core connections that have “historical profitability” as it transitions to becoming a conventional low-cost short-haul operator.
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Hawaiian Airlines posts Q4 loss as travel restrictions remain
Hawaiian Airlines reported a fourth-quarter loss of $172.8 million as the ongoing global coronavirus crisis and ensuing strict travel restrictions in its home state continue to create hardship for the business.
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Alaska posts $316mn Q4 loss, sees mixed bag for 2021
Alaska Air Group lost $316 million in the fourth quarter of 2020, and is preparing for a mixed bag in the current year as the coronavirus crisis drags on.
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CO2 emissions track falling air traffic in Europe but with ‘variation’
Flights across European airspace in 2020 saw a fall in CO2 emissions that was largely in line with declining flight numbers, according to data released by Eurocontrol.