Analysis – Page 24
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Airline Business
Creditors face painful choice over AirAsia X
AirAsia X has asked creditors to accept an epic debt haircut, offering two painful options amid an airline industry in crisis. Announced on 6 October, the plan, if approved, would see liabilities of some MYR63.5 billion ($15.3 billion) reduced to just MYR200 million payable within the next five years at ...
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Airline Business
AirAsia’s Fernandes doubles down on digital as domestic market improves
AirAsia Group chief executive Tony Fernandes reiterated comments made earlier that its domestic and short-haul flights will recover faster, with the low-cost model better poised than its full-service counterparts.
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Airline Business
Lessors test the market with portfolio sales
Lessors typically trade an average of 550 single-aisle and 95 twin-aisle aircraft a year, based on Cirium data for the past five years, far greater than the 150 single-aisle and 16 twin-aisle aircraft from 1 January to 22 September.
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Airline Business
Cruz control: how BA chief dealt with parliamentary probe
While MPs attempted to pin down the flag carrier’s dealings with its employees, the airline’s boss made sure the transport select committee was left in no doubt about the state of the industry.
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Airline Business
Wild weekend offers, domestic tourism power China airline recovery
As countries around the world start to tap on domestic travel as a means of reviving economies battered by the coronavirus pandemic, one major economy has gone full steam ahead with its domestic recovery. In recent months, Chinese carriers have doubled down on domestic air travel efforts, touting discount after ...
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Airline Business
Mainline deliveries could exceed 700 in 2020 and rise next year
With a little over three months left of 2020, it is remains far from clear what the industry’s mainline jet delivery total will be for the year, amid uncertainty over the pace of the recovery and the availability of finance. Adding to the confusing picture is the likely timing of the Boeing 737 Max’s return and, if it does get a green light in 2020, how many aircraft will be handed over.
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Airline Business
Why transatlantic return matters so much to airlines
When Virgin Atlantic broke the news it would need to cut over 1,000 more jobs, even having secured its future within £1.2 billion ($1.6 billion) in refinancing commitments, it underlined just how damaging the failure to reignite the key transatlantic market was.
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Airline Business
United plans new long-haul non-stop flights to Africa, India, Hawaii
United Airlines will launch seven new long-haul widebody non-stop routes – five international and two domestic – as the airline shifts its focus away from business travel to the leisure segment, which it believes will be the first to rebound after the coronavirus global health pandemic.
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Airline Business
Winter of disconnect ahead for Europe’s airlines
There are few crumbs of comfort for European airlines as they look back on a worse-than-expected summer season and forward to what could be a bleak winter.
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Airline Business
Thailand tourism collapse poses existential crisis for airlines
The Thai airline industry has had a dramatic past few months amid the coronavirus outbreak, which has seen two carriers file for business rehabilitation, and a third going under. How did one of Southeast Asia’s fastest growing markets end up in this state, and is there a way out?
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Airline Business
Once the industry’s darlings, Asian LCCs struggle in pandemic’s wake
Asia-Pacific’s low-cost carriers were once the region’s success stories and seen as the next phase of growth. Amid the coronavirus outbreak though, many are now struggling. How will they overcome the crisis?
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Airline Business
‘X’ doesn’t mark the spot for A330neo
The coronavirus is a disaster for all airlines and airframers, but a concentration of orders with troubled Southeast Asian carriers presents a particular challenge for the Airbus A330neo. The world was very different in July 2014. Brent crude stood at well over $100 a barrel, a price that seemed to ...
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Airline Business
Asia-Pacific airlines temper optimism with caution - but for how long?
While capacity is expected to increase in coming months, airlines in and around the region warn of material losses in upcoming financial results. With the pandemic-induced downturn showing no sign of easing off anytime soon, they are finding it increasingly trickier to match expectation with reality.
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Airline Business
Airline losses mount for second quarter after revenues collapse
Airlines routinely posted losses deeper than the revenue they brought in during the April-June quarter, as the virtual grounding of international scheduled services wiped out much of their business.
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Airline Business
Airlines left doubting if enough people can, or will, travel in 2020
The industry’s relief at being able to ramp up services as the second half of 2020 began is quickly being replaced by concern that the coronavirus is likely to weigh more heavily on demand than previously thought.
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Airline Business
US airlines brace for further volatility in second half of 2020
No matter what kind of positive spin they put on it, US airlines suffered financial carnage in the second quarter as the coronavirus tore through the industry and global economy.
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Airline Business
Why SpiceJet may feel time is right for US and UK services
True long-haul flights would be a significant strategic change for the budget operator, and there are many challenges to overcome before services could start.
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Airline Business
American’s pilots blast JetBlue strategic agreement
American Airlines’ pilots have harshly criticised a planned partnerhip with JetBlue Airways that could become a case study of how major US airlines plan to weather the coronavirus downturn..
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Airline Business
Emirates revival signals slow end to A380 hibernation
The airline industry’s gradual recovery from the coronavirus pandemic passed a key milestone today when Emirates began returning Airbus A380s to service, initially on services to London and Paris.
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Airline Business
How many jobs are airlines cutting due to coronavirus?
Of the large airlines to have made announcements so far, most have implemented job cuts affecting significant proportions of their workforces.