All Strategy news – Page 144
-
News
‘Debates remain’ with government on bailout deal: KLM chief
KLM chief executive Pieter Elbers says the carrier is continuing discussions with the Dutch government over the approval of its bailout deal, amid reports that the airline’s proposals have been rejected.
-
News
Comair restart hopes boosted by competition commission backing
Comair’s efforts to resume operations have been bolstered after competition regulators backed a consortium’s proposed bid to acquire the South African carrier from business rescue.
-
News
Air France-KLM laments fresh lockdown as Q3 loss tops €1bn
The new lockdown imposed by the French government amid rising cases of coronavirus across the region will weigh on Air France-KLM’s performance through the fourth quarter of this year.
-
News
Delta and its pilot union reach agreement to avoid furloughs
Delta Air Lines has reached a tentative deal with its pilot union to avoid furloughs at the Atlanta-based carrier until 2022.
-
News
Spirit Airlines reports Q3 loss, anticipates more end-of-year travel
Spirit Airlines reports lower third-quarter results and is preparing for a significant upturn as leisure travellers look to the end-of-year holidays to begin to alleviate their pent-up demand for cheap, safe travel to visit family and friends.
-
News
Allegiant Q3 results up as the airline is “flirting with break-even”
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air, is “flirting with break-even” as point-to-point leisure travel rebounds faster than other parts of the aviation industry after it came to a near-standstill earlier this year.
-
News
Ryanair to suspend service from all Irish airports except Dublin
Ryanair will temporarily cease operations from all Irish airports except Dublin for a one-month period, blaming government “mismanagement” and a “complete collapse in travel demand”.
-
News
Hawaiian posts $97m Q3 loss, details 787 delivery delays
Hawaiian Airlines posted a $97 million loss in the third quarter, as the state’s coronavirus-driven quarantine requirements hampered air travel demand – and the airline’s recovery.
-
News
JetBlue reports sharply lower Q3 but sees leisure rebound
JetBlue Airways reported sharply declining third-quarter financial results but remains optimistic that the coming weeks will bring recovery as customers begin planning travel for the end-of-year holiday season.
-
News
ANA swings to big first-half operating loss amid pandemic havoc
All Nippon Airways’ parent company ANA Holdings ended its first half of fiscal 2020 deep in the red, as it forecast a record full-year net loss of Y510 billion ($4.7 billion), citing a “significant decline” in passenger travel demand. The group also expects to book significant impairment losses – ...
-
Airline Business
Southwest flirts with Airbus in fleet renewal
Southwest Airlines, an all-Boeing carrier since its inception almost 50 years ago, is again flirting with the idea buying aircraft from a competing airframer.
-
Airline Business
Do airlines have the management to thrive in the post-crisis market?
While industry analysts have been busy predicting how airlines might navigate their way through the crisis, Peter Davies, founder of Airline Management Group, argues the big challenge will be finding the exceptional talent and imagination in leadership needed to deliver on plans in the new normal
-
News
Air Baltic to operate 40 winter routes
Latvian carrier Air Baltic plans to maintain “essential connectivity” through the winter months, linking its Riga hub with 40 destinations.
-
News
US DOT approves WestJet-Delta transborder joint venture
The US Department of Transportation (DOT) has tentatively approved a joint venture application from Delta Air Lines and Canada’s WestJet for transborder travel, under certain conditions.
-
News
Denmark and Sweden up SAS stakes to 22% in recapitalisation
The Danish and Swedish governments have each agreed to increase their stakes in SAS to 21.8% under the Scandinavian carrier’s SKr14.25 billion ($1.62 billion) recapitalisation plan, which has now been finalised. SAS obtained approval from both governments in August for its revised recapitalisation plan, which was originally disclosed on 30 ...
-
News
Southwest reports record loss, addresses fleet changes and travel rebound
Southwest Airlines, the last of the four major US airlines to report third-quarter results, posted a record loss for the period but remains optimistic that the worst of the downturn has passed and that demand is rebounding.
-
News
American posts $2.4bn loss in Q3, retires all A330s
American Airlines reported a staggering third-quarter loss and announced additional fleet retirements as it joins industry peers in lurching toward a new normal following the shock of the coronavirus pandemic.
-
News
Alaska reports market improvement despite $431m Q2 loss
Alaska Air Group lost $431 million in the third quarter of 2020, though the company insists its passenger and financial figures continue improving month by month.
-
News
Condor to exit ‘protective shield’ in November
Condor has disclosed that its creditors have approved a plan for it to leave ‘protective shield’ proceedings at the end of November as a “healthy company”.
-
News
Indian regional Alliance Air posts first profit prior to pandemic
Air India regional unit Alliance Air posted its first ever operating profit in the year immediately prior to the global pandemic hitting air travel demand.