All Strategy articles – Page 185
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NewsBeleaguered Flybe ceases operations
UK regional carrier Flybe, which was beset by financial woes, has ceased operations and filed for administration. The airline has appointed Alan Hudson, Joanne Robinson, Lucy Winterborne and Simon Edel of professional services firm Ernst & Young as joint administrators, a notice on its website reads. “All flights have been ...
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NewsCoronavirus hit to January traffic the ‘tip of the iceberg’: IATA
IATA data shows that passenger traffic growth slowed to 2.4% in January – the weakest monthly increase since April 2010, and a sharp decrease from December 2019’s 4.6% rise in revenue passenger-kilometres. “January was just the tip of the iceberg in terms of the traffic impacts we are seeing owing ...
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NewsUS airlines ask President Trump to reassure virus-weary travellers
US airline chief executives met with President Donald Trump and other officials in Washington, DC on 4 March to discuss their industry’s response to the coronavirus outbreak. They also urged Trump to assure the American public that air travel remains safe – a request coming as the industry reels from sagging demand and virus-spooked travellers.
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NewsVirus prompts Delta to slash Japan capacity
The ongoing coronavirus outbreak has led Delta Air Lines to slash capacity to Japan and delay a plan to launch flights from Seoul to Manila.
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NewsChina launches funding scheme to keep services flying through coronavirus
China has detailed plans for a funding scheme aimed at incentivising airlines to continue or restore services in the light of heavy network cuts amid the coronavirus outbreak.
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NewsIATA steeled for ‘tough times’ after January fall in cargo demand
IATA is warning that “tough times are ahead” after cargo tonne-kilometres declined 3.3% in January.
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NewsFinnair, Wizz latest European carriers to extend cuts to counter coronavirus
Finnair and central European budget carrier Wizz have become the latest European carriers to detail more plans for cuts in response to the coronavirus outbreak.
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NewsAsian carriers cut operations as coronavirus outbreak persists
Asian carriers have announced further reductions as the coronavirus outbreak persists. Starting this week, Korea Air is suspending most European and US flights through April, while changes to Japan service remain in place until the end of May. It is also reducing operations to major cities such as Chicago, New ...
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NewsAirline chiefs sanguine on coronavirus impact
Leaders of some the largest airlines in Europe believe that the coronavirus will only have a limited impact on demand for air travel on the continent. Speaking at the A4E aviation summit in Brussels on 3 March, IAG’s outgoing chief executive Willie Walsh acknowledged that the group had seen a ...
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Airline BusinessWhy strong Ryanair and Wizz February traffic offers few clues to coronavirus impact
Monthly traffic figures for February released by Ryanair and Wizz Air today offer little indication of the impact on air travel demand of the spread of the coronavirus into Europe.
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NewsSAS pulls full-year financial guidance amid coronavirus uncertainty
Scandinavian carrier SAS has withdrawn its full-year financial guidance amid uncertainty around the impact on air travel demand of the coronavirus outbreak.
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NewsHNA Group appeals for government help amid heightened liquidity risk
Hainan Airlines’ parent company, the HNA Group, has requested the Hainan provincial government to set up a working group to look into its risk management efforts. HNA states that it has faced increased liquidity risk of late, in light of the coronavirus outbreak, and was unable to manage the risks ...
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NewsAeroflot weighs options for long-haul fleet
Aeroflot Group is in the process of reviewing options for expanding its long-haul fleet, as well as how planned short-haul growth can be maintained despite uncertainty on the Boeing 737 Max family’s return to service.
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NewsIATA seeks freezing of slot rules to aid coronavirus capacity cuts
IATA is contacting aviation regulators to request the suspension of rules governing airport slots for the remainder of the winter season and for the upcoming summer timetable as airline pull back capacity in the light of the spread of the coronavirus.
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NewsKenya Airways taps state loan to cover Embraer engines overhaul
SkyTeam carrier Kenya Airways has received a KSh5 billion ($49 million) loan from the government to cover an engine overhaul programme for its fleet of Embraer E190 regional jets.
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NewsLufthansa to cut short-haul operations by up to a quarter to counter coronavirus
Lufthansa Group is to cut its short and medium-haul operations by up to 25% in the coming weeks as it moves to counteract the air travel impact of the coronavirus.
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NewsLion Air delaying decision on IPO
Indonesia’s Lion Air Group has put on hold plans for an initial public offering, a source tells Cirium. The company was expected to make the call at the end of February, but the person says some investors have been reluctant to hold face-to-face meetings amid the coronavirus outbreak. Moreover, it ...
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NewsBangkok Airways’ 2019 profit up despite dip in passenger revenue
Bangkok Airways boosted operating profit 18% to Bt1.68 billion ($53.2 million) last year, despite a decline in revenue from the passenger segment. Revenue rose 2.4% to Bt28.6 billion. However, passenger revenue fell 6.9% to nearly Bt18.9 billion, which the carrier attributed to a strengthening of the Thai baht against major ...
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NewsEuropean regulators open new state aid probe into Alitalia loan
European Commission competition regulators have opened an in-depth state aid investigation into a €400 million ($438 mlllion) loan granted by the Italian state to Alitalia.
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Airline BusinessEuropean carriers hunker down for tough times from coronavirus outbreak
Any doubts as to whether the impact of the coronavirus outbreak would spread beyond Asia to European airlines has been answered by a slew of cost-savings measures, capacity cuts and warnings of potential earnings hits in the past few days.