All Strategy articles – Page 139
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NewsAviation taxes would endanger fleet renewal: Air France-KLM chief
New aviation taxes proposed in France would reduce the ability of Air France-KLM to address its impact on the environment through fleet renewal programmes, according to the group’s chief executive Ben Smith.
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NewsGaruda gets shareholders’ nod for Rp8.5 trillion government funding
Garuda Indonesia’s shareholders have overwhelmingly approved the sale of convertible bonds — worth up to Rp8.5 trillion ($602 million) — giving the struggling carrier a much-needed financial lifeline to tide through the coronavirus crisis.
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Airline BusinessChanging faces leading the airline industry’s bid for recovery
A number of long-standing airline leaders have either announced their intention to or stepped down over the past six months leaving their successors with the challenge of taking over during the toughest of challenges
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NewsAirAsia X plunges deeper into red amid ongoing grounding
Troubled long-haul, low-cost carrier AirAsia X widened its quarterly loss, as it remained grounded amid the coronavirus pandemic.
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NewsAmerican axes change fees on long-haul international travel
American Airlines has become the first major US carrier to eliminate change fees on many long-haul international fares, matching its earlier policy change on domestic trips as customers continue to stay away from air travel due to restrictions and public health warnings.
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NewsCopa struggles in Q3 amid travel restrictions
Panama’s Copa Airlines struggled during the third quarter as ongoing strict travel restrictions almost completely shut down the airline for the first 45 days of the period.
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NewsJet2 sees winter capacity at half previous-year levels
UK leisure carrier Jet2 expects its winter seat capacity to be about half the levels of last year amid the continued impact of the pandemic after today posting an operating loss of £111.2 million ($147.3 million) for the six months to September 2020.
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NewsRex inks funding agreement for March domestic network launch
Australia’s Regional Express is on track to launch domestic jet operations on 1 March, having signed an agreement for A$150 million ($109 million) funding from PAG Asia Capital and scheduled a proving flight with authorities in early December. “We will debut on the Sydney-Melbourne route with three aircraft on 1 ...
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NewsGreater Bay Airlines approaches lessors for initial aircraft
Hong Kong start-up Greater Bay Airlines has approached leasing companies to acquire its first aircraft with which it hopes to begin operations as early as next summer, Cirium has learned.
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NewsVirgin Australia, Alliance partnership gets regulatory green light
Virgin Australia has been given interim regulatory approval to cooperate on Alliance Airlines on more than 40 regional and short-haul routes, in a move that has drawn the ire of at least one regional competitor.
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NewsDelta to continue blocking middle seats through March
Delta Air Lines will continue to block middle seats in its economy class through the first quarter of next year, the only major carrier in North America to do so.
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NewsNew CEOs named at Swiss, Brussels Airlines and Lufthansa Cargo
Lufthansa Group has appointed three new chief executives from within its ranks to lead its Swiss, Brussels Airlines and Lufthansa Cargo subsidiaries from early next year. Dieter Vranckx will take the helm at Swiss on 1 January, succeeding Thomas Kluhr who is stepping down at the end of this year. ...
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NewsNorwegian seeks financial protection as units file for Irish restructuring
Norwegian has initiated a formal financial restructuring for its Norwegian Air International subsidiary and aircraft leasing unit Arctic Aviation Assets under an Irish examinership process. The cash-strapped low-cost carrier says the purpose of the process is to reduce debt, rightsize the fleet and secure new capital. In initiating an examinership ...
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Airline BusinessIs Korean acquisition of Asiana bellwether for wider consolidation in Asia?
As the dust settles on the proposed Korean Air acquisition of its embattled rival Asiana Airlines, questions begin to emerge about what the future merged carrier will look like and whether this is the start of many other pandemic-driven mergers and acquisitions to come?
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NewsAsiana swings back to profitability in Q3
Asiana Airlines — most recently the subject of an acquisition by rival Korean Air — swung back into the black in its third-quarter earnings, helped by an uptick in cargo revenue and a steep reduction in costs.
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NewsRelaunched Virgin Australia targets mid-market segment
Virgin Australia is setting its sights on the mid-market segment, having completed the sale and transfer to Bain Capital on 17 November. “Australia already has a low-cost-carrier and a traditional full-service airline, and we won’t be either,” chief executive Jayne Hrdlicka states. Source: Virgin Australia Virgin Australia is ...
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NewsAmerican, British Airways launch pre-departure coronavirus testing programme
American Airlines and British Airways will collaborate to launch pre-departure free coronavirus testing on some flights between the United States and the United Kingdom.
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NewsNok Air’s losses deepen in third quarter
Nok Air’s pre-tax losses deepened in the third quarter to Bt2.59 billion ($86 million), from Bt482 million in the year-ago period. The Thai low-cost carrier attributes its poorer financial performance to the Covid-19 pandemic, while new accounting standards and the liquidation of subsidiary NokScoot were also contributing factors. ...
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NewsBangkok Airways sinks deeper into red as Q3 revenues plummet
Bangkok Airways sank deeper into the red, as third-quarter revenues declined by 86.5% to Bt903 million ($30 million). Revenue from airlines, which in the year-ago period accounted for more than two-thirds of total revenues, was nearly wiped out, declining by 91.3% year-on-year to Bt394 million. Source: Max Kingsley-Jones ...
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NewsNo Lidl ground? Ryanair and Dublin airport chiefs clash on pricing
Complaints from airline chiefs about airport charges are as old as the industry itself, but a discussion at an ACI Europe conference today showed that the issue has a fresh relevance amid the coronavirus crisis. During a robust but good-humoured debate, Ryanair group chief executive Michael O’Leary and the head ...