All Strategy articles – Page 94
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NewsRyanair chief vows carrier will be first to make Ukraine return
The group chief executive of Ryanair insists the low-cost carrier will return to serving Ukraine as soon as the European safety regulator EASA allows, as he voiced strong support for the country’s efforts to repel a Russian invasion.
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NewsUS to close airspace to Russian aircraft
The US government will close its airspace to Russian aircraft in response to Russia’s invasion of Ukraine
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NewsIATA still expects air travel recovery by 2024 but warns of Russia-Ukraine risks
The Omicron variant of Covid-19 failed to knock the air travel industry off its pandemic recovery path, according to global airline association IATA, with passenger numbers still expected to exceed pre-crisis levels in 2024.
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NewsEtihad still ‘on’ for reaching profit in 2023: Douglas
Etihad Airways group chief executive Tony Douglas believes the restructured UAE carrier is still on track to meet its original target of returning to profit in 2023 despite the negative impact of the pandemic.
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NewsCargo and strong second half help Etihad cut losses in 2021
Etihad Airways cut its full-year core operating loss to $476 million for 2021, aided by improved passenger demand in the second half and record cargo revenues.
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NewsJetlines’ first aircraft arrives in Canada as launch timeline slips
Canada Jetlines’ first aircraft has arrived in Canada, as the company’s timeline to launch revenue flights slips to mid-2022.
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NewsUS, Mexican regulators make ‘significant’ safety progress: Volaris CEO
Mexican ultra-low-cost carrier Volaris expects the Federal Aviation Administration will restore Mexico’s aviation safety rating in the second half of 2022 as it seeks to expand between the USA and Mexico – the backbone of its business.
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NewsIAG keen to add widebody aircraft in 2022 amid transatlantic and Latin America recoveries
British Airways and Iberia owner IAG is planning to add 15 widebody aircraft to its fleet in 2022 following a lull in deliveries last year, as it seeks to meet recovering long-haul travel demand.
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NewsBA cancels Moscow flights and re-routes Singapore and Delhi services around Russian airspace
British Airways has cancelled its Moscow flight and will reroute its Asia services to avoid Russian airspace, as the impact of Russia’s invasion of Ukraine reverberates through the airline industry.
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NewsIAG reports ‘strong recovery’ as it forecasts full-year capacity at 85% of 2019
British Airways and Iberia owner IAG expects to operate 85% of 2019 capacity this year, as it reports improving financial performances across its airlines.
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NewsMexico’s Volaris credits Q4 revenue rise to ‘disciplined growth’
Volaris says its ”disciplined growth strategy” through the changing demand environment during the fourth quarter helped it achieve a 43% rise in total revenue over the same period in pre-pandemic 2019.
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NewsAlex Cruz joins WestJet’s board of directors
Canada’s WestJet has appointed ex-British Airways chief executive Alex Cruz to its board of directors.
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NewsAzul posts record Q4 revenue on domestic recovery and cargo boom
Brazil’s Azul achieved record revenue during the fourth quarter of 2021 as it continued to build out its domestic passenger and cargo operations.
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NewsSingapore Airlines posts first quarterly profit since pandemic
Singapore Airlines Group posted a net profit of S$85 million ($63 million) for the three months ending December 2021, as the opening of international travel lanes during the quarter helped it out of the red for the first time since the pandemic.
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NewsSwiss to coat Boeing 777 fleet in sharkskin film to reduce drag
Swiss will apply a new kind of aerodynamic coating on some long-haul aircraft that promises to lower frictional resistance and thereby increase fuel efficiency and reduce carbon emissions.
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NewsChina Southern to exit A380s by this year: Report
China’s sole Airbus A380 operator is reportedly retiring its fleet of superjumbos by the end of the year, becoming the latest carrier in the Asia-Pacific region to do so since the pandemic first struck.
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NewsSAS to put greater focus on leisure in post-pandemic recovery
Scandinavian carrier SAS will put a greater emphasis on the leisure segment as it adjusts its network in line with the emerging post-pandemic market dynamic.
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NewsSAS deepens cost-savings drive under new plan aimed at securing fresh equity
SAS has raised its annual cost-savings target to SKr7.5 billion ($800 million) under a fresh restructuring programme aimed at adapting the carrier to a “changed” market as it bids to prepare the ground to raise fresh equity.
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NewsGreenway to take up chief executive role at Blue Air
Former Swoop chief executive Steven Greenway is to take up the same role at Romanian low-cost carrier Blue Air from the start of March, with incumbent Oana Petrescu remaining as president of the airline.
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NewsCebu Pacific sees bellyhold as main cargo strategy
Cebu Pacific is not looking to take dedicated freighters in the near term — even amid a robust cargo market during the pandemic — as it believes a “large chunk” of cargo will be carried as bellyhold freight.