Strategy – Page 101
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NewsLufthansa to operate 40% capacity this year after posting €1.1bn Q1 loss
Lufthansa Group expects to operate around 40% of pre-crisis capacity across this year after today disclosing an adjusted EBIT loss of €1.1 billion ($1.3 billion) as the pandemic continued to hit traffic in the first quarter.
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NewsStruggling Mango cancels flights today over late payments
South African Airways low-cost carrier Mango Airlines suspended flights today due to payment outstanding to the country’s airports’ operator ACSA , though the latter has since lifted its block on the struggling state-owned airline operating.
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NewsPIA to halve workforce, cut fleet: reports
Pakistan International Airlines (PIA) has reportedly gotten the green light to halve its workforce of 14,000 and cut its fleet to no more than 30 aircraft, amid continued full-year losses.
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NewsHawaiian Airlines Q1 loss narrows as US mainland passengers return
Hawaiian Airlines says it saw a marked increase in passengers from the US mainland, which helped stem the carrier’s losses for the first quarter of the year.
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NewsJetBlue narrows loss as customers book further ahead
JetBlue Airways has seen “meaningful progress” to a sustainable rebound in the past weeks, as passengers begin to return in greater numbers and to plan further ahead.
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NewsThai AirAsia plans IPO for capital injection by new investor
Thai AirAsia’s parent company has disclosed a corporate and capital restructuring plan for the airline, which involves listing it on the Stock Exchange of Thailand (SET) to accept a Bt3.15 billion ($100 million) loan from a new investor.
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NewsUK carrier Jet2 to post loss of up to £385m for pandemic-hit year
UK leisure carrier Jet2 expects to post a group loss of between £375-385 million ($521-535 million) for for the 12 months ended 31 March 2021, a year in which its activities have been heavily curtailed by pandemic travel restrictions.
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NewsANA targets carbon-neutral aircraft operations by 2050
ANA Holdings is aiming to achieve net-zero carbon emissions from aircraft operations by 2050.
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NewsEU approves €462 million of support for TAP Air Portugal
European regulators have cleared a €462 million ($558 million) loan from the Portuguese state to flag carrier TAP, having deemed the support to be within state-aid rules.
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NewsANA narrows full-year loss forecast
The parent company of Japanese carrier All Nippon Airways (ANA) has cut its full-year operating loss forecast, following a reduction of variable and fixed costs.
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NewsReservation system outage hits startup Avelo Airlines
US low-cost start-up Avelo Airlines is one of 20 carriers affected by a reservations system outage, leaving the airline unable to sell tickets one week before it plans to begin operations.
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NewsSouth African airline woes continue as Mango reportedly set to pause flights
Low-cost carrier Mango appears to be the latest South African operator to run into financial difficulties amid reports the airline could temporarily suspend flights in May and seek to enter a formal restructuring until it can secure state funds.
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NewsQantas, Rex chiefs wage war of words — again
The heads of Australian arch-rivals Qantas and Regional Express have again traded barbs in the latest escalation of a bitter dogfight between the two carriers.
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NewsSouthwest swings to Q1 profit, ‘the worst is behind us’
Southwest Airlines made a profit in the first quarter thanks to federal payroll support payments, but says passenger demand remains “inconsistent by region” as the airline shuffles its fleet to meet fluctuating demand.
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NewsAmerican sees aviation rebound 'accelerating'
American Airlines sees the pace of the aviation industry rebound “accelerating” as shifts in customer travel behaviour have forced the carrier to be exceedingly flexible when planning its fleet.
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NewsRyanair chief Wilson hopeful of ‘extended summer’
Ryanair chief executive Eddie Wilson remains optimistic of a strong lift in air travel in Europe this summer and expects consumers will extend holiday plans later into the year
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NewsAlaska stems losses in Q1, buoyed by US government funds
Alaska Air Group lost $131 million in the first quarter of 2021, a significant improvement from the previous quarter thanks largely to pandemic-related US government aid.
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NewsIAG commits to 10% sustainable fuel use by 2030
IAG has pledged to power 10% of its flights with sustainable aviation fuel (SAF) by 2030, a goal that it says will allow it to cut its annual CO2 emissions by two million tonnes.
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NewsSpirit anticipates positive earnings in 2021
Spirit Airlines is optimistic that it will be one of the first carriers to pull out of the coronavirus-driven industry crisis as leisure travellers begin to return and book vacations in greater numbers.
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NewsAviation leaders ask for mask mandate extension, reopening to tourists
Aviation leaders have asked the US government to extend a national mask mandate aboard aircraft and in airports, and to develop a robust plan to reopen the country to foreign visitors.