All Strategy articles – Page 108
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NewsGaruda swings to first-quarter loss as revenue halves
Garuda Indonesia was in the red for the first quarter of the year, as declining revenue outpaced a reduction in costs amid less flying during the pandemic.
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NewsLion Air Group puts 8,000 employees on furlough amid steep capacity plunge
Indonesia’s Lion Air Group will put around 8,000 staff — or about 25-35% of its 23,000 employees — on furlough, as its operations have taken a severe hit amid the coronavirus pandemic.
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NewsExpressJet expects to relaunch 'within the quarter'
ExpressJet Airlines says it will resume service “within the quarter” after the US Department of Transportation (DOT) granted the regional carrier permission to restart commercial operations under its own brand.
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NewsAir Transat resumes operations after six-month pause
Canada’s Air Transat has resumed flying after a six-month pandemic-driven pause.
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Airline BusinessThe captain piloting Malaysia Airlines into a post-restructuring future
FlightGlobal speaks with Malaysia Airlines chief Captain Izham Ismail, a company veteran of over 40 years, on the way forward for the airline which recently exited restructuring.
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NewsSkyWest sees continued improvement in Q2
SkyWest Airlines saw continued improvement in the second quarter of 2021, and expects to reach pre-pandemic flying levels by the first part of 2022.
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NewsAmerican takes minority stake in Indigo Partners’ JetSmart
American Airlines plans to take a minority stake in low-cost carrier JetSmart in order to broaden its network in Latin America further and help fuel the Chile-based carrier’s growth.
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NewsGol recovery on track as Brazil vaccinations climb: CEO
Brazil’s Gol experienced increased customer demand in the second quarter as the rate of vaccination against the Covid-19 virus also rises in the vast Latin American country.
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NewsSpirit Airlines loses $288m loss in ‘challenging’ Q2
Spirit Airlines says the second quarter of 2021 was “challenging” as the industry slowly bounces back, and that it still faces a “choppy recovery”.
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NewsSingapore Airlines narrows quarterly loss as revenue ticks upward
Singapore Airlines Group narrowed its first-quarter losses on the back of revenue increase, though it warns that new coronavirus variants and fresh infection waves could dampen recovery momentum.
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NewsSun Country Q2 profit rises to $52m as scheduled service outperforms
Sun Country Airlines posted a $51.8 million profit in the second quarter of 2021 as leisure travel demand in its scheduled service rebounded strongly following the more-than year-long coronavirus crisis in the air transport industry.
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NewsAllegiant posts Q2 profit, expresses optimism for the rest of 2021
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air, posted a healthy profit in the second three months of the year as the company has returned to business levels last seen before the global health crisis.
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NewsUK has fixed ‘ridiculous anomaly’ by allowing EU and US travellers: IATA chief
The UK government’s decision to allow non-essential travellers from Europe and the USA to enter England without quarantine addresses a “ridiculous anomaly”, in the view of IATA director general Willie Walsh.
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NewsHawaiian could consider electric aircraft for inter-island flights: CEO
Hawaiian Airlines may consider acquiring electric aircraft in the future for its inter-island flights, chief executive Peter Ingram says on 27 July.
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NewsHawaiian’s Q2 results improve as travel barriers ease
Hawaiian Holdings, parent company of Hawaiian Airlines, says relaxed travel restrictions for inbound travellers from the US mainland have gone a long way to help the airline’s bottom line during the second quarter of 2021.
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NewsJetBlue returns to profitability in Q2 with government aid
JetBlue Airways swung to a $64 million profit in the second-quarter of 2021, a result reflecting US government Covid-19-related aid and an improving air travel market. Excluding special items, which include government payroll-support grants, JetBlue would have lost $206 million in the second quarter.
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NewsMango suspends flights again over late payments
Cash-strapped South African low-cost carrier Mango Airlines has suspended flights until further notice owing to payments due to the country’s air navigation services provider ATNS.
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NewsRyanair to have at least 60 Max aircraft in time for next summer
Ryanair expects to be operating at least 60 Boeing 737 Max aircraft in time for next summer and has reiterated its interest in ordering the Max 10 variant “if the price is right”.
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NewsLow-cost unit Mango to enter business rescue: SAA chief
South African Airways’ (SAA) challenged low-cost carrier unit Mango Airlines is set to enter a formal business rescue process, the acting head of its parent airline Thomas Kgokolo has disclosed.
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NewsRyanair sees small loss or breakeven for full year after tough first quarter
Irish budget carrier Ryanair is “cautiously” projecting a small loss or breakeven for the year to March 2022 after net losses widened to €273 million ($321 million) for the first quarter.