All Strategy articles – Page 145
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NewsKorean Air-Asiana consolidation faces regulatory, legal hurdles
Korean Air’s proposed acquisition of rival Asiana Airlines could require the green light from regulators in at least four countries, adding to a growing list of hurdles which includes an ongoing legal battle to block the deal.
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NewsComair chief Stander steps down ahead of restart
Comair chief executive Wrenelle Stander has stepped down ahead of the South African carrier’s resumption of services tomorrow after its grounding because of the global pandemic and a subsequent formal restructuring.
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NewsTAP cuts winter capacity up to 70% after heavy nine-month loss
TAP Air Portugal has reported a third-quarter net loss of €119 million ($142 million), and expects to reduce its winter capacity by 60-70% year on year as Europe’s second Covid-19 wave continues to heavily impact operations.
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NewsAir NZ expects more cargo revenue but warns of full-year losses
Air New Zealand expects cargo revenue for the coming financial year to exceed previous years’ levels, after being awarded four more months of cargo flights under a government scheme.
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Airline BusinessWhy hubs could be back in fashion in post-crisis network recovery
While low-cost carriers are likely to be among the early beneficiaries of demand for price-sensitive leisure travel in the early stages of a post-pandemic recovery, the lower levels of overall traffic could also see mean renewed focus on hub operations.
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NewsAirport slots board requests summer 2021 relief from 80:20 rule
Airports, airlines and slot coordinators have joined forces to call for some relief on slot rules during the northern hemisphere’s summer 2021 season.
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NewsDelta pilots agree to pay cuts to avoid furloughs through 2021
Pilots at Delta Air Lines have agreed to cost-cutting measures that will prevent involuntary furloughs of cockpit crew through the end of 2021.
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NewsCargo capacity on passenger jets key for vaccine rollout: IATA
Cargo capacity in the bellies of passenger aircraft will be necessary for the efficient distribution of Covid-19 vaccines, according to IATA.
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NewsCovid impact sees China shoot up global airline connectivity ranking
The latest air connectivity ranking from IATA shows how China’s large domestic airline market – and the country’s apparent success in controlling the spread of Covid-19 – has boosted its fortunes versus other markets.
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NewsEuropean airlines to post heaviest net loss of all regions in 2021
European carriers are projected to post the largest losses of any region next year as the already high level of load factors required to breakeven means they cannot cut costs sufficiently to operate profitably.
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NewsFurther consolidation in Asia-Pacific ‘highly likely’: IATA
IATA has warned that more airline consolidation in the Asia-Pacific region is “highly likely”, if circumstances remain dire for airlines amid closed borders and a slow restart to international travel. At a regional briefing a day after its virtual annual general meeting, IATA regional vice president for Asia-Pacific Conrad Clifford ...
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NewsHigh debt levels will hamper airline recovery: IATA
Airlines face a challenge to recover from the increased debt burden which has resulted from efforts to survive the crisis with the industry not projected to turn cash positive for another year.
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Airline BusinessAsian and North American airlines to lead recovery but all regions loss-making in 2021
IATA expects airlines in Asia-Pacific and North America to lead the recovery in 2021 aided by strong domestic markets, though it still sees all regions loss-making as international passenger markets struggle to recover from the pandemic.
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NewsAirline chiefs predict business travel will bounce back
Chief executives of JetBlue, KLM and Lufthansa Group have insisted that corporate travel will rebound once passengers feel comfortable flying again.
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NewsAegean to operate less than 20% of pre-Covid winter capacity
Aegean Airlines incurred a net loss of €28.3 million ($33.6 million) in the third quarter, and expects to operate less than 20% of the last winter’s capacity in the coming months.
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NewsAirAsia eyes ‘local airline presence’ in IndoChina as domestic markets recover
AirAsia Group is exploring options for an airline presence in IndoChina after narrowing losses in its latest financial results and optimism of strong domestic rebound in the markets it serves. In the group’s financial results for the quarter ended 30 September, AirAsia Group president for airlines Bo Lingam states: ...
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NewsNorway extends repayment term for airline state-guarantee scheme
Norway has further extended the terms of a state-backed loan guarantee scheme it has granted its carriers. While Norway’s government earlier this month rejected Norwegian’s request for more state aid – a move the struggling carrier cited as a factor when two of its Irish units filed for financial protection ...
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NewsWillie Walsh set to take IATA helm as de Juniac steps down
IATA governors are to recommend former IAG chief executive Willie Walsh as its new director general after Alexandre de Juniac announced his decision to step down from the role at the end of March.
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NewsFlexibility on airport slots should be extended to summer 2021: IATA
The suspension of the 80:20 ‘use it or lose it’ rule on slots should be extended into the 2021 summer season and possibly beyond, in the view of IATA’s head of worldwide airport slots Lara Maughan.
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NewsGreek state set to contribute €120m to Aegean Airlines capital increase
Greece is set to provide up to €120 million ($142 million) in state support for Aegean Airlines as part of a wider capital increase for the Greek carrier.