All Strategy articles – Page 189
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AnalysisCoronavirus to hit harder than SARS
The coronavirus outbreak may be costing the aviation sector more than the Severe Acute Respiratory Syndrome (SARS) did in 2003, even as the world is just coming to terms with the new strain.
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NewsIcelandair reiterates interest in potential Airbus order
Icelandair intends to decide over “the next few months” whether to introduce Airbus types to its all-Boeing fleet.
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NewsIcelandair counts costs of 737 Max grounding
Icelandair Group estimates that the Boeing 737 Max grounding has had a net negative effect of $100 million on the company’s EBIT to date.
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PodcastAirline Business Podcast – airlines grapple with coronavirus impact
Join executive editor Graham Dunn and managing editor Lewis Harper as they discuss a tough start to the year for airlines
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NewsFranchise partner Airlink steps in to retain four axed SAA routes
Airlink is to continue operating in its own right four of the routes being axed by its franchise partner South African Airways at the end of the month.
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NewsVirgin Australia bows out of Hong Kong market
Virgin Australia has decided to drop Hong Kong services, citing the ongoing civil unrest and the recent coronavirus outbreak. Following a “comprehensive review of the route”, the carrier will cease service on Sydney-Hong Kong from 2 March, after the previously announced suspension of Melbourne-Hong Kong from 11 February. Cirium schedules ...
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NewsSAA slashes network as it strives for profitability
South African Airways is cutting around half of its long-haul routes and almost all of its domestic network, the flag carrier’s “business rescue practitioners” have disclosed as they seek to transform it into a sustainable and profitable business.
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NewsVietnamese conglomerate nixes Vinpearl Air startup
Vietnamese conglomerate Vingroup has abandoned plans to establish an airline known as Vinpearl Air, citing a desire to focus on its core strengths and a potential oversupply in the aviation market.
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NewsKorean Air offloads non-core assets and pledges transparency
Korean Air is selling non-core assets in a bid to “improve its financial position and increase its corporate transparency”. This includes real estate in downtown Seoul and a 100% owned leisure company that operates a resort in Incheon, just outside Seoul. Plans for the assets in question had to be ...
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NewsJAL signs codeshare pacts with MIAT Mongolian and Royal Brunei
Japan Airlines is extending its reach into Mongolia and Brunei through codesharing pacts with their respective flag carriers. JAL says the codeshare with MIAT Mongolian Airlines would cover that carrier’s flights from Ulaanbaatar to Tokyo Narita and Osaka Kansai, starting 31 March. Cirium schedules data show that MIAT flies five ...
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NewsCathay Pacific asks staff to take unpaid leave amid coronavirus fallout
Cathay Pacific is encouraging its employees to take three weeks of unpaid leave, in a bid to save money, after being forced to slash capacity by 30% as a result of falling demand related to China’s coronavirus outbreak.
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NewsQatar Airways in negotiations to acquire 49% of RwandAir
Qatar Airways is in talks to acquire a 49% stake in state-owned RwandAir and is “keen to invest” in Indian low-cost carrier IndiGo when the time is right, the Gulf carrier’s chief executive Akbar Al Baker disclosed today.
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NewsCoronavirus outbreak forces Cathay to slash capacity by 30%
Cathay Pacific and Cathay Dragon will cut 90% of its mainland China flights over the next two months, citing a “consequential significant drop” in market demand owing to the coronavirus outbreak. The two carriers add that there will be “significant reductions” across the rest of their respective networks for the ...
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NewsCebu Pacific expects up to $79 million hit from coronavirus
Cebu Pacific expects the coronavirus outbreak to impact its bottom line by up to Ps4 billion ($79 million). The low-cost carrier estimates that it will see “a Ps3-4 billion swing on profit” should the outbreak remain unabated over the next six months. It makes this estimate based on 2003’s Severe ...
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NewsAirAsia names acting chief amid Airbus probe
Bo Lingam has been appointed AirAsia Group’s acting chief executive, after founders Tony Fernandes and Kamarudin Meranun stepped down temporarily to facilitate an independent probe into Airbus bribery allegations. Lingam is currently the group’s president for airlines and will serve in the acting role for two months “or such other ...
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NewsAirAsia chiefs deny wrongdoing but step aside to aid graft probe
AirAsia Group chief Tony Fernandes and chairman Kamarudin Meranun have voluntarily stepped aside from their executive roles, for two months, to allow an independent probe into bribery allegations which emerged during an in-depth investigation at Airbus. UK court documents detailing an indictment against Airbus, for allegedly failing to prevent bribery, ...
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NewsRyanair doubles down on Boeing 737 Max
Ryanair plans to purchase further Boeing 737 Max aircraft once the aircraft returns to service, in addition to taking delivery of the 210 it has already has on order or under option.
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NewsRyanair slows long-term growth target as Max delayed until after summer
European low-cost giant Ryanair has pushed back its long-term growth target of reaching the 200 million annual passenger mark by up to two years after resigning itself to not receiving its first Boeing 737 Max aircraft until after this summer.
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NewsTaiwan’s FAT loses operating licence, faces censure
Taiwan’s Ministry of Transportation and Communications (MOTC) has revoked the operating licence of now-shuttered Far Eastern Air Transport (FAT). FAT went belly up on 13 December, owing to “long-term operating losses” and difficulty in raising sufficient funds. The carrier made the abrupt announcement it was ceasing operations a day earlier, ...
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NewsChinese carriers cut capacity over global travel restrictions
Airlines in China have begun cancelling flights to a growing list of international destinations, in light of travel restrictions imposed following a novel coronavirus outbreak. As the number of confirmed cases in China and around the world continues to climb, countries like Singapore, Vietnam, the Philippines and the ...