Networks – Page 1365
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Big brother blues
With the collapse of negotiations to buy a stake in Ansett Australia and the future of the single Australasian marlket still hanging in the balance, Air New Zealand must continue to focus on cost control and selective expansion. Report by Tom Ballantyne.Air New Zealand managers like to say the carrier ...
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The right balance
Profits and losses dominate the headlines, but balance sheets give a better long term view of a company's health Ian Milne explains.In the rapidly changing, increasingly results-oriented airline industry most attention is paid to operating performance, in the shape of the profit and loss account, in assessing the immediate success ...
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The polarisation of the airline
The polarisation of the airline industry has never been so evident. Among the 92 Airline Business 100 carriers reporting net results for 1994, 62 made money. Yet the other 30 lost enough between them to plunge the industry into a collective net loss for the fifth year running. As well ...
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Thriving markets
For the industry as a whole, 1994 was marked by substantial growth, with passenger traffic for the Airline Business 100 carriers increasing by 8.2 per cent and freight tonne km by 16.3 per cent. However there were some meteors, almost all of them smaller carriers whose revenues place them below ...
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Holding back the tide
Relations between Europe's major airlines and their flight deck crews have reached an all-time low, as pilots resist cost cuts and changes to scope clauses. A return to profit by US carriers looks set to damage relations with their pilots too. Mark Odell assesses the pilots' case.Overpaid, overreacting and overhead. ...
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Financial results
Higher load factors and increased yields combined to produce the increase in revenue. Pretax income doubled to $41.2m but the tax provision rose. The dislocation of American Eagle's fleet due to bad weather and a freak hailstorm affecting 10% of American's fleet cost $23m in net earnings. ...
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Northern Exposure
Alaska Air has slashed its unit costs, revamped its network and moved away from high service levels. Now the carrier must rebuild its balance sheet and rebuff the advances of competitors in an increasingly tough market. Mead Jennings reports from Seattle.John Kelly, president and chief executive officer of Alaska Air ...
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Airline news
British Airways and USAir have expanded their codeshare agreement to include 10 new US destinations. BA has signed a service partnership with Aeromexico. Canadian Airlines has added 17 new daily flights to its codeshare agreement with American Airlines. Services include Montreal, Toronto and Vancouver to Dallas-Ft Worth; Calgary ...
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Asian giants ripe for investment
One only has to monitor the extraordinary number of high-powered, government-sponsored trade missions from the industrial countries to China and India to realise that these rising powers of Asia have become critical targets for western exports, financial services and inward investment. At a time when growth among some of the ...
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Abacus lifts Thai stakes
In a further bid to break the monopoly of the Amadeus CRS in Thailand, Singapore-based Abacus is threatening to elevate its battle with the Thai government to a regional trade dispute. As a measure of intent, Abacus president William Liu has already threatened to wipe Thai Airways flights ...
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Asia majors to woo DHL
The Asia-Pacific's major airlines are trying to convince overnight express freight operator DHL Worldwide to modify plans to introduce 12 of its own Boeing 727 freighters into the region, apparently fearing the move will rob them of critical cargo income. Until now DHL has used only commercial uplift ...
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Asia yields to price wars
Asia's halcyon days of high yields look set to end in the conflagration of fare wars as the pressure on prices mounts from four directions. Seven months of flat or falling loads are the main culprit. Traffic is still growing at an annual 8 or 9 per cent, ...
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Garuda fears open house
Already hit by falling profitability Garuda Indonesia has been stunned by a government scheme to allow major rivals virtual open entry into its home market. The carrier has 'protested fiercely' at proposals by minister of transport Haryanto Dhanutirto to invite British Airways, KLM and Japan Airlines to apply ...
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AirAsia back for seconds
Proposed Malaysian startup AirAsia is back - well almost. Owners Hicom and the Mofaz group are launching an airport ground services company to cement their role in aviation, while the government continues to consider the application for an operating licence. AirAsia was to have become Malaysia's second national ...
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Avia out for the discount
A lack of yield management lies at the heart of the failure of the Johannesburg-based international startup Avia Airlines, which entered 'provisional liquidation' after only three months of operations. Gert De Klerk, Avia's sole shareholder, blames the demise on heavy discounting of up to 15 per cent on ...
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Twin trouble for Cathay?
Cathay Pacific doesn't know whether to laugh or cry. On the one hand, it has avoided sharing its Hong Kong-Taiwan route with a Chinese-backed aspiring new entrant, China National Aviation Corporation, but it must still contend with two new entrants on the lucrative route. The thorny issue of ...
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Pal threats
Fledgling Philippine operator GrandAir wants to launch regional services in direct competition with flag carrier Philippine Airlines. GrandAir, which operates two A300s domestically, has applied to serve 11 Asian countries, including China, Japan, South Korea, Thailand and Hong Kong. Source: Airline Business
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Alitalia seeks foreign cash
Alitalia's management is forging ahead with its restructuring programme, as it prepares for the recapitalisation of the company in October. The carrier seeks an injection of up to L2,000 trillion ($1.3 billion), and its share price has been outperforming the Italian market average by 20 per cent as ...
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Profits hit USAir cuts ...
USAir's short period of optimism, with its labour problems near resolution, its competitors at bay and its second quarter profit up 717 per cent, was only illusory. The carrier returned to square one in its labour talks in July, Southwest is preparing to enter the Florida market, long ...
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LOT to think about AMR
LOT Polish Airlines has a lot to think about. The most pressing issues are doubts over its cooperation with AMR Corp, its proposed codeshare with American Airlines and the refinancing of its recent fleet acquisition. AMR Corp's ground services management contract with LOT is up for a two ...