All Strategy news – Page 140
-
NewsVirgin Australia, Alliance partnership gets regulatory green light
Virgin Australia has been given interim regulatory approval to cooperate on Alliance Airlines on more than 40 regional and short-haul routes, in a move that has drawn the ire of at least one regional competitor.
-
NewsDelta to continue blocking middle seats through March
Delta Air Lines will continue to block middle seats in its economy class through the first quarter of next year, the only major carrier in North America to do so.
-
NewsNew CEOs named at Swiss, Brussels Airlines and Lufthansa Cargo
Lufthansa Group has appointed three new chief executives from within its ranks to lead its Swiss, Brussels Airlines and Lufthansa Cargo subsidiaries from early next year. Dieter Vranckx will take the helm at Swiss on 1 January, succeeding Thomas Kluhr who is stepping down at the end of this year. ...
-
NewsNorwegian seeks financial protection as units file for Irish restructuring
Norwegian has initiated a formal financial restructuring for its Norwegian Air International subsidiary and aircraft leasing unit Arctic Aviation Assets under an Irish examinership process. The cash-strapped low-cost carrier says the purpose of the process is to reduce debt, rightsize the fleet and secure new capital. In initiating an examinership ...
-
Airline BusinessIs Korean acquisition of Asiana bellwether for wider consolidation in Asia?
As the dust settles on the proposed Korean Air acquisition of its embattled rival Asiana Airlines, questions begin to emerge about what the future merged carrier will look like and whether this is the start of many other pandemic-driven mergers and acquisitions to come?
-
NewsAsiana swings back to profitability in Q3
Asiana Airlines — most recently the subject of an acquisition by rival Korean Air — swung back into the black in its third-quarter earnings, helped by an uptick in cargo revenue and a steep reduction in costs.
-
NewsRelaunched Virgin Australia targets mid-market segment
Virgin Australia is setting its sights on the mid-market segment, having completed the sale and transfer to Bain Capital on 17 November. “Australia already has a low-cost-carrier and a traditional full-service airline, and we won’t be either,” chief executive Jayne Hrdlicka states. Source: Virgin Australia Virgin Australia is ...
-
NewsAmerican, British Airways launch pre-departure coronavirus testing programme
American Airlines and British Airways will collaborate to launch pre-departure free coronavirus testing on some flights between the United States and the United Kingdom.
-
NewsNok Air’s losses deepen in third quarter
Nok Air’s pre-tax losses deepened in the third quarter to Bt2.59 billion ($86 million), from Bt482 million in the year-ago period. The Thai low-cost carrier attributes its poorer financial performance to the Covid-19 pandemic, while new accounting standards and the liquidation of subsidiary NokScoot were also contributing factors. ...
-
NewsBangkok Airways sinks deeper into red as Q3 revenues plummet
Bangkok Airways sank deeper into the red, as third-quarter revenues declined by 86.5% to Bt903 million ($30 million). Revenue from airlines, which in the year-ago period accounted for more than two-thirds of total revenues, was nearly wiped out, declining by 91.3% year-on-year to Bt394 million. Source: Max Kingsley-Jones ...
-
NewsNo Lidl ground? Ryanair and Dublin airport chiefs clash on pricing
Complaints from airline chiefs about airport charges are as old as the industry itself, but a discussion at an ACI Europe conference today showed that the issue has a fresh relevance amid the coronavirus crisis. During a robust but good-humoured debate, Ryanair group chief executive Michael O’Leary and the head ...
-
NewsLufthansa network carriers to end free meals on short-haul flights
Lufthansa, Swiss and Austrian Airlines are to switch to a buy-on-board meal service for economy passengers on short- and medium-haul flights next year.
-
NewsWizz chief urges airports to end ‘cosy status quo’ with airlines
Airports must reconsider their relationships with incumbent airlines which may not be able to deliver on capacity expectations during the Covid-19 recovery, in the view of Wizz Air chief executive Jozsef Varadi. “In certain places there used to be a cosy set-up, a cosy status quo,” Varadi stated during an ...
-
NewsShuttered AirAsia Japan files for bankruptcy
AirAsia Japan has filed for bankruptcy, more than a month since it ceased all operations.
-
NewsChina’s ‘Big Three’ expand domestic network amid continued recovery
China’s three largest carriers grew their domestic networks in October, tapping into second- and third-tier cities to launch new routes, as they recorded yet another month of domestic traffic recovery.
-
NewsAzul expects year-end leisure passenger revenue to exceed 2019
Brazil’s Azul expects domestic leisure passenger revenue to exceed last year’s figures in the coming weeks as the airline prepares for a strong summer travel season in the Southern Hemisphere.
-
NewsTravel bubbles a ‘big step in right direction’: AAPA chief
The Association of Asia Pacific Airlines (AAPA) sees the establishment of travel bubble arrangements — such as the recently-announced example between Singapore and Hong Kong — as a “big step in the right direction” to restarting cross-border travel amid the coronavirus outbreak.
-
NewsQantas celebrates centenary in shadow of pandemic, quietly hopeful about future
Qantas chief Alan Joyce has expressed optimism about the carrier’s prospects of its ultra-long-haul Project Sunrise, stating that the “business case for that is going to be even better” once the gloom surrounding the coronavirus crisis lifts.
-
NewsKorean Air to take over rival Asiana
In a major shake-up of the country’s airline industry, the owner of South Korea’s flag carrier Korean Air has announced a W1.8 trillion ($1.62 billion) takeover bid for embattled rival Asiana Airlines.
-
NewsAlliance Aviation acquires Toll Group MRO unit
Australia’s Alliance Aviation will acquire transportation and logistics giant Toll Group’s MRO unit, in what it calls a deal of “great strategic value”.