All Strategy news – Page 170
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News
LATAM extends 95% capacity cuts through May
LATAM Airlines has extended through May its 95% reduction in planned capacity, citing continued travel restrictions and a lack of demand because of the coronavirus pandemic.
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News
Porter takes wage subsidies as operations remain halted
Porter Airlines will receive funds from Canada’s wage subsidy programme, allowing the carrier to pay many of the hundreds of workers it furloughed in March after grounding its fleet and suspending all operations until June.
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Airline Business
How WestJet reacted quickly to virus – and faced up to tough decisions
When WestJet chief executive Ed Sims drives past the Calgary International airport to his office every morning, he sees a row of parked aircraft, grounded by the coronavirus pandemic, and wonders what fresh hell awaits.
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News
CityJet secures breathing space by entering examinership
An Irish court has appointed an interim examiner at regional wet-lease specialist CityJet as the carrier seeks protection during the coronavirus crisis.
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Airline Business
IATA appeals to Latin American governments for coordination
Airline industry association IATA is calling on Latin American governments to harmonise plans to eventually restart air service and reopen borders, saying an uncoordinated effort will hinder the sector’s recovery.
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Airline Business
US carriers tap relief funding as crisis deepens
North American airline traffic is expected be down more than a third compared with the 2019 level, IATA’s projections for the impact of the coronavirus crisis on the sector show.
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News
FAA extends slot relief at US airports until October
The FAA says it will extend slot relief at seven major US airports through the summer travel season so that airlines will not be penalized as a result of reduced flying schedules caused by the coronavirus pandemic.
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News
EasyJet secures cash for potential nine-month fleet grounding
EasyJet has expressed confidence it now has enough cash to survive a nine-month grounding of its fleet after securing additional funding.
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News
Stobart Group ponders move to buy back regional operator
Stobart Group is considering buying back Irish regional operator Stobart Air and lessor Propius from the administrators of Flybe parent, Connect Airways.
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Airline Business
Etihad and Emirates prepare ground for service return
Etihad’s announcement that it aims to begin restoring its passenger network from the start of May and Emirates’ initial move to test passengers for coronavirus ahead of flights show the Gulf carriers readying for a return to operations.
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News
Concerns cargo belly-space shortage may persist after lockdowns lifted
The air freight sector is struggling to find aircraft to move medical equipment and other urgent supplies – often from Asia to the West – as a result of the coronavirus crisis.
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Airline Business
European carriers face long haul through coronavirus crisis
If the relative financial success of the European airline industry had always seemed paradoxical given the glut of carrier failures over the past three winters, the coronavirus outbreak has to some extent been a leveller.
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News
Virgin Australia extends trading suspension amid financing talks
Virgin Australia has requested for a trading suspension following a trading halt, while it continues to work out funding options. Australia’s second-largest carrier requested a trading halt on 14 April, due to end this morning, to discuss financing and restructuring alternatives. The airline is now requesting a suspension for seven ...
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Analysis
How Covid-19 is changing aviation in Asia-Pacific
Covid-19 has sent airlines and airports worldwide reeling and predicting the future is impossible. One thing is certain, some airlines in Asia-Pacific will fail, as the region had concerns about overcapacity and a glut of plane orders before the crisis. “Before coronavirus, the APAC region was very busy and there ...
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News
United secures $5 billion in payroll support
United Airlines says it will receive $5 billion in payroll support from the CARES act, designed to assist airlines in managing through the coronavirus pandemic.
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News
Delta secures $5.4 billion in CARES Act payroll support
US carrier Delta Air Lines will receive $5.4 billion in emergency funding through the CARES Act’s payroll support programme.
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Airline Business
Coronavirus crisis threatens to push South African carriers over the edge
While the coronavirus pandemic has had a wide-ranging impact across African carriers, the timing of the crisis has been particularly calamitous for South Africa’s struggling airline sector.
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News
Condor looking at options after PGL pulls out of acquisition
German leisure carrier Condor is looking at different optons for its future ownership as talks continue with LOT’s parent Polish Aviation Group (PGL) on conditions attached to it withdrawing from its proposed acquisition of the airline.
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News
Indian low-cost carriers outline post-lockdown plans
Some Indian low-cost carriers have outlined post-lockdown operation plans after the country’s civil aviation authority extended a ban on flights in a bid to slow the spread of the coronavirus. The country’s civil aviation authority said on 14 April that all domestic and international scheduled airline operations will remain suspended ...
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News
Finnair and Juneyao deepen ties despite ‘challenging times’
Finnair has affirmed its commitment to the Chinese market amid “immensely challenging times” with the signing of a letter of intent with Shanghai’s Juneyao Air. The airlines plan to establish a joint venture on the Helsinki-Shanghai route, on which the two carriers have already been codesharing since last June. This, ...