The new chief executive at US Airways, David Lakefield, has wasted no time in warning staff at the loss-making carrier that a fresh cost-cutting initiative is needed. Lakefield took over after the resignation of David Siegel). He said that "radical, swift and permanent changes brought on by low-cost carriers" were driving the need for more restructuring.
Source: Airline Business
Facing investor criticism for having a too-insular board of directors, Southwest Airlines has added longtime airline executive Rakesh Gangwal to the group it believes will guide it back to “enduring profitability”.
Singapore’s competition regulators have allowed Singapore Airlines and Garuda Indonesia to deepen their strategic partnership as part of a commercial joint venture agreement.
Italian carrier ITA Airways is performing ahead of the business plan drawn up last year as Luthansa Group prepares to take a stake in the airline.
