All Strategy articles – Page 120
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Airline BusinessAirline Business Friday Briefing: Aer Lingus riding crisis ups and downs
Aer Lingus could be forgiven for thinking things had taken a turn for the better when Ireland at the end of May cleared the path to lifting restrictions on all non-essential air travel next month.
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NewsCathay Pacific expects half-yearly losses to narrow
Embattled Cathay Pacific struck a cautiously optimistic tone in its outlook for the rest of the year, anticipating a narrowed half-yearly loss and the gradual reinstatement of capacity in the coming months.
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NewsGaruda Indonesia suspends payment under $500 million sukuk
Garuda Indonesia has deferred payment of a periodic distribution on its $500 million sukuk trust certificate after a two-week grace period lapsed on 17 June.
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NewsAir NZ defers 787 deliveries, forecasts record full-year loss
Air New Zealand will delay taking delivery of more Boeing 787s for at least a year, as the carrier expects to plunge deeper into the red for its full-year financial results.
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NewsFlyr confirms 30 June launch after receiving AOC
Norwegian start-up Flyr has received its air operator’s certificate and will initiate service between Oslo and Tromso on 30 June.
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NewsEurowings Discover to fly 11 aircraft under own AOC
Eurowings Discover has received its own air operator’s certificate and will fly leisure routes as a wholly-owned subsidiary of Lufthansa from late July.
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NewsPhilippine Airlines to restructure amid widening full-year losses
Philippine Airlines (PAL) is working towards “a comprehensive restructuring plan”, as the embattled carrier widened its full-year losses on what it called the “extraordinary impact” of the coronavirus pandemic.
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NewsQantas ups Alliance E190 options in fresh domestic capacity ramp-up
Qantas has increased the number of Embraer E190s options under a wet lease agreement with regional operator Alliance Aviation, as it further boosts domestic capacity.
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NewsWizz adds Naples base as Italian focus continues
Central European low-cost carrier Wizz Air is continuing its expansion in Italy by launching an operation at Naples, the latest in a series of bases it has added in the country since the pandemic hit.
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NewsThai Airways gains final approval to embark on restructuring
Thai Airways International received court approval for its restructuring plan at a 15 June hearing, clearing the final hurdle before implementation of the proposals.
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NewsUS DOT plans to fine Air Canada $25.5m for ticket refund delays
The US Department of Transportation (DOT) is looking to impose a $25.5 million civil penalty on Air Canada after the carrier dragged its feet on refunding tickets held by US passengers.
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NewsLufthansa eyes positive cash flow in Q2
Lufthansa Group is reporting a significant surge in air travel bookings and predicting positive cash flow in the second quarter of 2021 thanks partly to its restructuring.
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NewsAir Antwerp becomes latest Covid-19 casualty
Belgian regional carrier Air Antwerp has ceased operations.
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NewsIrish regional Stobart Air ceases operations
Struggling Irish regional carrier Stobart Air has terminated its franchise agreement with Aer Lingus and is to cease operations following the collapse of a proposed purchase of the airline.
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NewsEC evaluating when 80:20 slot rules will apply again
European regulators are continuing to evaluate slot rules for the coming winter season in light of likely lower traffic volumes as European transport commissioner Adina Valean says it is too early to say when the 80:20 use-it-or-lose-it slots rules will return.
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NewsTime for action on reopening UK-US market: Gallego
IAG chief executive Luis Gallego is calling for action in re-opening the US-UK aviation market after plans for a taskforce to study the opening up of the market emerged.
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NewsAir Mauritius administrators secure delay to creditor meeting
Administrators of Air Mauritius have secured a further postponement to the deadline for presenting a plan of reorganisation to the carrier’s creditors.
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NewsAir Montenegro launches scheduled flights
Successor carrier Air Montenegro has begun scheduled commercial flights today, launching with a service from Podgorica to Belgrade.
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NewsTransat limps out of fiscal Q2, hopes to restart operations on 30 July
Transat AT, the parent company of Canadian leisure airline Air Transat, continues to struggle as its operations remain suspended amid uncertainty about when Canada will lift its pandemic-driven travel restrictions.
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NewsEurope’s airline leaders call for ‘gradual lifting of all travel restrictions’
The chief executives of Europe’s largest airline groups have called for governments to “gradually lift” all travel restrictions during the summer.