All Strategy news – Page 181
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News
Qatar Airways lifts IAG stake to 25%
Qatar Airways has increased its shareholding in British Airways and Iberia parent IAG from 21.4% to 25.1%.
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News
Air Canada posts higher 2019 results, despite 737 Max grounding
Air Canada revenue and net profit rose slightly in 2019, but results were tempered by the ongoing grounding of the Boeing 737 Max aircraft and the start of the coronavirus crisis in Asia, the airline says.
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Finnair explores pilot furloughs amid China pullback
Finnair has begun talks about temporary layoffs with its long-haul pilots following a reduction in its services to China because of the coronavirus outbreak.
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Thai Airways’ Nok stake further diluted after new share issue
Thai Airways’ stake in Nok Air has been diluted from 16% to 13.3% after the budget operator completed a Bt1.55 billion ($49.7 million) capital-raising exercise.
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Airline Business
What airlines must do to achieve greater gender diversity
It’s about time that the aviation industry took serious action to address its major gender balance disparity.
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News
Former chief returns to Scoot for second stint at helm
Campbell Wilson will rejoin Singapore Airlines subsidiary Scoot on 1 April and begin his second stint as chief executive of the low-cost carrier. Wilson – who previously led Scoot between 2012 and 2016 before becoming the group’s executive vice-president of sales and marketing – will succeed Lee Lik Hsin, who ...
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News
Cathay flags ‘significantly’ lower first half results from coronavirus hit
Embattled Hong Kong-carrier Cathay Pacific has warned that its first half results for 2020 will be “significantly down” compared to the same period last year, as the outbreak of the coronavirus compounds an already challenging market.
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News
SpiceJet third quarter profits up a third despite 737 Max grounding costs
Indian budget carrier SpiceJet saw a 33% year-on-year uptick in operational profit during the third quarter following the expansion of its fleet and addition of new routes in 2019. Operating profit rose to Rs732 million ($10 million) during the third quarter ending in December, up from Rs550 million for the ...
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Turkey’s aviation regulator confirms AtlasGlobal suspends flights
Turkey’s directorate general of civil aviation has confirmed that struggling carrier AtlasGlobal has suspended flights and is to file for bankruptcy.
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News
Passenger growth lifts Singapore Airlines’s third-quarter results
Singapore Airlines’ group operating profit grew 15.7% during the third-quarter to S$449 million ($323 million) on the back of strong growth in the passenger business, and despite declining cargo earnings.
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Airline Business
Coronavirus tests fundamental weaknesses in Asia-Pacific airline market
As the coronavirus continues to affect airlines’ networks and demand for passenger travel and freight services, the spotlight is falling on Asia-Pacific’s airlines and their ability to weather the storm.
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News
Former Jet Airways chief Dube takes top role at India’s GoAir
Former Jet Airways chief executive Vinay Dube has taken up the same role at Indian low-cost carrier GoAir.
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Former United Airlines executive aims to launch new airline
A former United Airlines executive has raised $125 million to launch a new budget airline in the US by the end of the year.
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News
Copa net profit jumps as Max crisis drags on
Higher travel demand and low fuel costs offset lost revenue opportunities as Panama’s Copa Airlines continues to post strong earnings even while struggling with the ongoing effects of the Boeing 737 Max crisis.
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News
Norwegian yet to find profitable long-haul model: chief
Norwegian’s new chief executive Jacob Schram has acknowledged that the Scandinavian budget carrier has yet to find a way of making its long-haul operation profitable.
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News
SA Express confirms business rescue restructuring move
SA Express’ operations are continuing as normal after the South African regional and domestic operator confirmed it is now under a formal business rescue restructuring process
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Airline Business
Why Ryanair is still more likely to bide its time than bid for Air Italy
Ryanair’s move to hold a press conference in Milan today sparked some press speculation that the low-cost carrier was about to make a bid for the assets of collapsed carrier Air Italy.
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Airline Business
Norwegian counts costs of 737 Max and Trent 1000 disruptions
Norwegian estimates that disruption from the Boeing 737 Max grounding and ongoing issues with the Rolls-Royce Trent engines on its 787 fleet have led to a combined NKr1.7 billion ($183 million) net loss for 2019.
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News
Comair blames Max delay and SAA debt for expected first-half loss
South African carrier Comair warns that it expects to post a loss for the six months ending 31 December 2019 because of the ongoing Boeing 737 Max grounding and an unpaid debt by South African Airways.
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News
Norwegian plans deeper capacity cuts in bid for 2020 profit return
Restructuring low-cost carrier Norwegian is targeting a net profit for the coming year on deeper capacity cuts after progress on its turnaround in 2019 was clipped by the impact of the Boeing 737 Max grounding and Rolls-Royce engine issues.