Strategy – Page 120
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NewsNok Air’s losses deepen in third quarter
Nok Air’s pre-tax losses deepened in the third quarter to Bt2.59 billion ($86 million), from Bt482 million in the year-ago period. The Thai low-cost carrier attributes its poorer financial performance to the Covid-19 pandemic, while new accounting standards and the liquidation of subsidiary NokScoot were also contributing factors. ...
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NewsBangkok Airways sinks deeper into red as Q3 revenues plummet
Bangkok Airways sank deeper into the red, as third-quarter revenues declined by 86.5% to Bt903 million ($30 million). Revenue from airlines, which in the year-ago period accounted for more than two-thirds of total revenues, was nearly wiped out, declining by 91.3% year-on-year to Bt394 million. Source: Max Kingsley-Jones ...
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NewsNo Lidl ground? Ryanair and Dublin airport chiefs clash on pricing
Complaints from airline chiefs about airport charges are as old as the industry itself, but a discussion at an ACI Europe conference today showed that the issue has a fresh relevance amid the coronavirus crisis. During a robust but good-humoured debate, Ryanair group chief executive Michael O’Leary and the head ...
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NewsLufthansa network carriers to end free meals on short-haul flights
Lufthansa, Swiss and Austrian Airlines are to switch to a buy-on-board meal service for economy passengers on short- and medium-haul flights next year.
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NewsWizz chief urges airports to end ‘cosy status quo’ with airlines
Airports must reconsider their relationships with incumbent airlines which may not be able to deliver on capacity expectations during the Covid-19 recovery, in the view of Wizz Air chief executive Jozsef Varadi. “In certain places there used to be a cosy set-up, a cosy status quo,” Varadi stated during an ...
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NewsShuttered AirAsia Japan files for bankruptcy
AirAsia Japan has filed for bankruptcy, more than a month since it ceased all operations.
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NewsChina’s ‘Big Three’ expand domestic network amid continued recovery
China’s three largest carriers grew their domestic networks in October, tapping into second- and third-tier cities to launch new routes, as they recorded yet another month of domestic traffic recovery.
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NewsAzul expects year-end leisure passenger revenue to exceed 2019
Brazil’s Azul expects domestic leisure passenger revenue to exceed last year’s figures in the coming weeks as the airline prepares for a strong summer travel season in the Southern Hemisphere.
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NewsTravel bubbles a ‘big step in right direction’: AAPA chief
The Association of Asia Pacific Airlines (AAPA) sees the establishment of travel bubble arrangements — such as the recently-announced example between Singapore and Hong Kong — as a “big step in the right direction” to restarting cross-border travel amid the coronavirus outbreak.
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NewsQantas celebrates centenary in shadow of pandemic, quietly hopeful about future
Qantas chief Alan Joyce has expressed optimism about the carrier’s prospects of its ultra-long-haul Project Sunrise, stating that the “business case for that is going to be even better” once the gloom surrounding the coronavirus crisis lifts.
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NewsKorean Air to take over rival Asiana
In a major shake-up of the country’s airline industry, the owner of South Korea’s flag carrier Korean Air has announced a W1.8 trillion ($1.62 billion) takeover bid for embattled rival Asiana Airlines.
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NewsAlliance Aviation acquires Toll Group MRO unit
Australia’s Alliance Aviation will acquire transportation and logistics giant Toll Group’s MRO unit, in what it calls a deal of “great strategic value”.
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NewsCathay’s ‘very difficult’ October sees first traffic decline in months
Cathay Pacific cut capacity in October — the first time in nearly half a year — as it saw passenger load factor for the month plummet to its lowest since the start of the coronavirus outbreak.
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NewsHawaiian Airlines’ frequent travellers can redeem miles for Covid test
Hawaiian Airlines says that frequent fliers can redeem air miles to pay for a coronavirus test that would allow them to bypass the state’s 14-day mandatory quarantine.
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NewsAvianca slides to $156 million third-quarter operating loss
Avianca Holdings has posted an operating loss of $156 million for the three months ended 30 September.
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NewsJetBlue will stop blocking middle seats in January
JetBlue Airways is the latest US carrier to announce plans to unblock middle seats, citing research showing passengers face a low risk of catching coronavirus on an aircraft.
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NewsAmerican eyes 737 Max delivery deferrals
American Airlines expects to defer Boeing 737 Max deliveries in the coming years but still anticipates acquiring some new Max from Boeing this year.
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NewsUS airlines expect nearly 40% Thanksgiving air travel slump
US airlines trade group Airlines for America (A4A) expects 39% fewer passengers during this year’s Thanksgiving holiday period which will be characterized by markedly different travel patterns as the country is experiencing a widespread third wave of coronavirus infections.
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NewsPandemic drives Emirates to its first half-year loss
Emirates Group posted a loss of Dh14 billion ($3.8 billion) for the six months ended 30 September as revenues slumped 74% during the first half of its pandemic-hit financial year.
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NewsThai Airways’ operating losses deepen in Q3
Thai Airways International’s losses deepened and revenues plummeted in the third quarter ended 30 September as the impact of the Covid-19 pandemic on its operations continued to be felt.