All Strategy news – Page 187
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News
Turkey’s AtlasGlobal prepares to resume flights
Turkish carrier AtlasGlobal is preparing to restore services, after re-opening its reservations system after nearly a month-long suspension.
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News
Taiwan’s FAT says closure notice mistakenly issued
In a turn of events, Taiwan’s Far Eastern Air Transport (FAT) chairman says last week’s closure notice was mistakenly issued by airline executives. The troubled carrier is, however, still subject to punitive action from Taiwan’s authorities.
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Airline Business
How are airlines handling scrutiny of their environmental impact?
The airline industry’s impact on the environment has moved up the agenda at an impressive pace during 2019.
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News
Higher expenses drag Mesa Q4 profits
Mesa Air Group reported a net profit of $12 million for its fourth quarter of 2019, down from $19 million during the same quarter in 2018 as Phoenix-based regional carrier Mesa Airlines expands its fleet. Operating revenue during the quarter rose 6% year-on-year to $188 million, compared with $177 million ...
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News
IATA foresees modest air cargo recovery in 2020
Air cargo demand measured by freight tonne-kilometres will increase by around 2% in 2020, IATA estimates, as rebounding economic growth boosts trade volumes.
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Airline Business
Why IATA is sounding a more optimistic note for airlines in 2020
When IATA delivered a further downgrade of its industry profits outlook for this year, it was perhaps more notable that it struck such a positive tone when it came to 2020.
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News
Wizz Air to set up joint-venture Abu Dhabi carrier
Central European budget carrier Wizz Air has provisionally agreed to establish a low-cost carrier venture in Abu Dhabi, the second such budget airline plan to emerge in the emirate in recent weeks. The Abu Dhabi government says a preliminary agreement has been reached with Wizz to launch the venture in ...
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News
Taiwan carrier FAT goes belly up
Privately owned Taiwanese carrier, Far Eastern Air Transport (FAT), will cease operations from 13 December, according to a notice on their website. “Due to long-term operating losses and difficulty in raising funds, the company will cease operations from 13 December. We apologise for any inconvenience caused to passengers and seek ...
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Airline Business
North American airline profits seen strengthening in 2019
IATA sees all regions except North American carriers making less profits in 2019 than it expected six months ago, but by contrast expects all these other regions to improve their performance next year.
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News
Lufthansa names new chiefs for Eurowings and Brussels Airlines
Lufthansa Group has appointed Jens Bischof and Dieter Vranckx as chief executives for budget arm Eurowings and Brussels Airlines respectively, and hired Boston Consulting Group partner Patrick Staudacher for the “reoriented” position of finance chief at the German mainline.
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News
Ryanair passengers ‘will not know if 737 Max is due to operate flight’
Ryanair’s aircraft allocation procedures mean passengers will not be told during the booking process whether or not their flights are due to be operated by Boeing 737 Max jets, according to group chief executive Michael O’Leary.
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News
Ryanair chief wants ‘majority in favour of something’ from UK election
The airline industry would benefit from the UK’s parliamentary election on 12 December producing a “clear majority” regarding a way forward on Brexit, in the view of Ryanair group chief executive Michael O’Leary.
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Airline Business
Do high-profile failures tell the airline story of 2019?
Collective airline profits are likely to end 2019 still relatively high by the industry’s historical performance standards, if short of their more recent peaks. But several high-profile failures mean it feels like anything but a banner year for the sector.
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News
IATA sees airline profits jumping back after cutting outlook for 2019
Airline body IATA expects collective industry profits to climb back to almost $30 billion in 2020, despite cutting its outlook for the current year by a further $2 billion in its latest forecast.
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Airline Business
2019 airline year in review
A visual journey through some of the biggest airline stories from the past 12 months
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Airline Business
Key airline CEO appointments in 2019
A visual record of some of this year’s key airline chief executive appointments
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News
La Compagnie among slot beneficiaries of Aigle Azur failure
Premium long-haul operator La Compagnie and carriers including Lufthansa, Wizz Air and TAP are among the beneficiaries of slots released at Paris Orly by the collapse of French airline Aigle Azur in September.
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News
Alitalia to be overseen by single commissioner
Alitalia’s team of three extraordinary commissioners has been replaced with a single commissioner, the Italian government has disclosed.
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News
Hong Kong Airlines vows change after spared shutdown
Hong Kong Airlines (HKA) has vowed to get its finances back in shape and “drive consolidation” within the company, after it escaped further sanction from the territory’s authorities.
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News
LATAM and IAG abandon joint venture plans
LATAM Airlines Group has terminated plans to develop a joint venture agreement with alliance partner International Airlines Group (IAG) after deciding to leave the Oneworld alliance.