Strategy – Page 131
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In depthUS pilots and cabin crew brace for furloughs: a look at the numbers
US passenger airlines are preparing to shed up to 100,000 jobs in the coming weeks unless Congress steps in to extend the financial relief that kept workers employed until now.
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NewsAir cargo traffic stabilises in July as capacity crunch continues
Air cargo traffic was stable in July but demand continues to be constrained by the lack of bellyhold capacity, according to the latest monthly report from IATA. Figures from the airline association show that demand in cargo tonne kilometre (CTK) terms fell by 13.5% year on year in July. IATA ...
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NewsDelta and American follow United in abolishing change fees
A day after United Airlines killed the long-hated change fee, Delta Air Lines and American Airlines have matched the Chicago-based carrier’s move, also pledging to “permanently” eliminate all change fees for domestic and some international travel.
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NewsAvianca secures $370m government loan commitment
Colombia’s government has committed $370 million in aid to Avianca as part of a $2 billion financing package aimed at helping the struggling carrier weather the coronavirus downturn.
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NewsUnited to furlough 2,850 pilots by end-2020
United Airlines will furlough 2,850 of its 13,000 pilots by the end of 2020 as passenger demand remains low and federal funding for airlines runs out in the coming weeks.
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NewsKenya Airways weighs cuts to ensure sustainable future
Kenya Airways is evaluating fleet, network and staff cuts to adapt to dramatic reductions in customer demand.
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NewsNew Chinese cargo airline approved to induct three Boeing 737s
Chinese cargo start-up Northwest International Cargo Airlines has been approved by the country’s civil aviation authority to introduce three Boeing 737 freighters to its fleet.
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NewsNorwegian keeps faith in slimmed down long-haul model
Restructuring low-cost carrier Norwegian aims to stick with a scaled-back version of its long-haul business when it moves out of the hibernation phase it has been in since the coronavirus crisis hit. While the airline continues to work on financial restructuring to secure its future – and today confirmed it ...
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NewsSchiphol Group to cut hundreds of jobs as airport traffic falls
Dutch airports operator Royal Schiphol Group expects to cut hundreds of jobs as the coronavirus crisis stymies demand for air travel.
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NewsNorwegian warns more cash needed to survive crisis
Restructuring low-cost carrier Norwegian has warned it will require further financing next year to survive the winter as coronavirus-related travel restrictions continue to hamper the recovery in air travel
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NewsFiji Airways quashes insolvency rumours
Fiji Airways has rejected what it describes as injurious media speculation about its financial health. ”Fiji Airways is not insolvent by any definition of the word, whether you look at our cash flow or our balance sheet,” managing director and chief executive, Andre Viljoen said in a statement on 27 ...
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NewsAirAsia X posts record quarterly loss amid ongoing grounding
Beleaguered long-haul, low-cost carrier AirAsia X will remain grounded “in the near term”, as it trims its fleet and network amid a record operating loss. The carrier, which only operates international routes, is also looking to sell two Airbus A330 aircraft to raise cash, and negotiating the early return of ...
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NewsAirAsia to focus on domestic recovery amid widened Q2 loss
AirAsia Group anticipates a return to profitability “in the years to come”, with demand — particularly for domestic travel — expected to increase in the second half of the year. At the release of its second-quarter financial results, group chief executive Tony Fernandes says AirAsia Group has reduced its costs ...
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NewsSpirit pilots agree to deal preventing 600 layoffs
Spirit Airlines’ pilots have agreed to work fewer hours as part of a deal that will prevent the airline from needing to lay off 600 of pilots.
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NewsVirgin Atlantic creditors back rescue plan
Virgin Atlantic’s recapitalisation efforts have been boosted after creditors voted in favour of its restructuring plan.
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NewsFinnair seals A350 sale-and-leaseback to bolster cash position
Finnair has flagged an immediate positive cash effect in excess of €100 million after finalising the sale-and-leaseback of one of its Airbus A350 aircraft.
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NewsExpressJet to cease operations on 30 September
ExpressJet will shutter operations at the end of next month after passenger demand sharply declined due to the coronavirus, and United Airlines decided to consolidate its regional flying with another carrier.
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NewsCargolux paints surgical mask on nose door of Boeing 747-8F
The paint scheme is intended to highlight the ”airline’s commitment to the fight against Covid-19”.
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NewsBrussels Airlines gets approval for €290 million bailout
European competition regulators have given the green light for a €290 million ($343 million) state-support measure for Brussels Airlines to help the carrier recover from the coronavirus crisis.
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NewsScoot converts A320 into temporary freighter
Singapore-based low-cost carrier Scoot has begun cargo charter operations using a freight-optimised Airbus A320ceo, tapping on demand as an alternative revenue source. The aircraft, registered 9V-TAZ, underwent a four-day modification programme earlier this month. That involved the removal of all 180 seats, as well as the installation of placards to ...