Strategy – Page 113
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NewsStalled recovery prompts KLM to deepen job cuts
Dutch carrier KLM is to cut up to 1,000 more jobs as a result of the later then expected recovery in travel demand from the pandemic.
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NewsRestructuring Thai Airways and Asiana offload non-core subsidiaries
Thai Airways International and Asiana Airlines, both undergoing restructuring, have disclosed details about selling off non-core subsidiaries.
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NewsMalaysia Airlines gets UK court green light for creditors’ meeting
Malaysia Airlines’ parent company has been given the green light by the UK courts to commence a “major component” of its restructuring programme, which it hopes to wrap up by the end of the first quarter of this year.
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NewsUnited posts $1.9b Q4 loss ahead of ‘transition year’
United Airlines lost $1.9 billion in the fourth quarter of 2020 but is preparing for a “transition year”, following the devastating effects of the global coronavirus pandemic on the airline’s business and the industry as a whole.
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NewsDOT seeks to collect more ticket data from more US airlines
The US Department of Transportation (DOT) intends to collect additional passenger ticket data from airlines as part of an overhaul of its Origin-Destination Survey.
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NewsIAG aims to seal revised Air Europa purchase in second half
Iberia parent IAG has confirmed it has struck an amended agreement with Globalia to acquire Air Europa for €500 million, half the price envisaged when the deal was originally agreed in November 2019.
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NewsChina Eastern sees senior management reshuffle
China Eastern Airlines vice president Jiang Jiang has resigned from his role, amid broader senior management changes that will see replacements in its supervisory committee.
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NewsHSBC slashes first-half outlook for Europe’s carriers
Prospects for Europe’s airlines in the first quarter of 2021 have deteriorated notably in recent weeks, but bank HSBC expects intra-European and possibly transatlantic passenger numbers to bounce back for the summer season.
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NewsVirgin Australia shakes up management team under new chief
Virgin Australia has announced six appointments to its 10-member executive leadership team, under new chief executive Jayne Hrdlicka.
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NewsChina's 'Big Three' cap off 2020 with lower passenger traffic results
China’s three largest carriers reported year-on-year declines in their full-year traffic results for 2020 as the coronavirus outbreak impacted travel demand, particularly in their international networks.
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NewsUS airlines begin tapping into government aid
The US government has begun disbursing $15 billion in payroll assistance to airlines, which have been eagerly awaiting the financial relief ever since an earlier programme expired in September.
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AnalysisUS airline unions seek mask mandate from Biden
US president-elect Joe Biden after his inauguration on 20 January plans to enact a federal mandate for interstate travellers on aircraft, trains and buses to wear masks after the Trump administration refused petitions from both airlines and pilot unions to order a mask rule.
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NewsDelta Air Lines’ 2020 loss tops $12 billion in ‘toughest year’
Delta Air Lines reported a fourth-quarter net loss of $755 million as the carrier endured what the it calls “the toughest year in Delta’s history”.
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NewsAerospace leaders see clearing skies, eye post-Covid air travel boom
Things might get worse for the global aerospace industry before they get better. But the industry will recover, likely starting this year, thanks to vaccine distribution and pent-up demand for air travel.
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NewsAir Canada to expand cargo business through 767 sale, leaseback
Air Canada is having two passenger Boeing 767-300ERs converted to freighters, and also selling the jets and leasing them back.
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NewsNorwegian to exit long-haul market
Troubled low-cost carrier Norwegian is abandoning its long-haul network as it sets out a scaled-back business model focused on Norwegian domestic, regional Scandinavian, and key European services. “Our short-haul network has always been the backbone of Norwegian and will form the basis of a future resilient business model,” states chief ...
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NewsSIA issues $500 million dollar-denominated discount bonds
Singapore Airlines plans to issue $500 million of bonds at a discount to par.
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NewsUnited waives fare change charges for US-bound customers
United Airlines is waiving fare difference charges for international passengers who choose to travel to the United States before the nation’s blanket coronavirus testing requirement begins on 26 January.
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NewsDelta hires former Bombardier chief executive Bellemare
Delta Air Lines has named former Bombardier chief executive Alain Bellemare to be its new President-International, the carrier says.
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NewsAir Canada cuts more jobs and capacity
Air Canada will once again reduce its employee count and shrink its network, citing new Canadian travel restrictions aimed at mitigating the spread of the coronavirus.