Strategy – Page 132
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NewsQantas International chief exits amid consolidation
Qantas Group is trimming and reorganising its executive team in response to the ongoing Covid-19 crisis, with the changes coming into effect on 1 September. The chief executive of Qantas International, Tino La Spina, will leave Qantas Group “in light of what is likely to be the extended grounding of ...
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NewsFiji Airways now ‘focused on survival’ after bumper year in 2019
Fiji Airways had a bumper year in 2019, increasing its revenue, profit and passenger numbers despite high-priced fuel, foreign exchange fluctuations and increased competition from major shareholder Qantas, but 2020 saw the airline enter survival mode after the Covid-19 pandemic struck. Group operating profit before tax for the year ended ...
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NewsAirlines walk tightrope on pilot furloughs
Airlines find themselves facing a critical dilemma as they resize their networks for a new post-coronavirus normal, and must walk a tightrope between furloughing pilots and keeping them on staff to maintain their network flexibility, experts say.
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NewsLufthansa ticket refund bill reaches €2.3 billion
Lufthansa Group has disclosed it paid more than €2.3 billion ($2.7 billion) in ticket refunds to almost 5.4 million customers so far this year.
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NewsBritish Airways’ union calls for strike action
British Airways staff represented by the Unite union have “overwhelmingly” called for strike action over the airline’s plans for job losses and changes to employment terms.
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NewsPegasus talks to Airbus about changes to A320neo-family deliveries
Turkish budget carrier Pegasus has indicated that it will push back some aircraft deliveries, as it continues negotiations with Airbus regarding the A320neo-family twinjets it has on order.
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NewsAmerican cuts 15 cities from network as government aid expires
American Airlines intends to axe routes to 15 destinations, as it begins trimming its network due to the expiration of government aid and a lack of demand for air travel.
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NewsQantas A380s could re-enter service in three years: Alan Joyce
Qantas Airways chief executive Alan Joyce expects that the airline will only recover 50% of its international market by its 2022 fiscal year.
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NewsLufthansa strikes deal with pilots to avert near-term redundancies
Lufthansa has reached a deal with the Vereinigung Cockpit union covering pilots at its German operations over cost-cutting measures for the rest of the year.
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NewsFrontier bets on cost-sensitive travellers’ return to skies first
Like the rest of the airline industry, Frontier Airlines is cutting costs and seeking federal aid as the pandemic has obliterated passenger demand, while also defending its network position as it plans for an eventual travel recovery.
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NewsBreeze withdraws application for Compass’ certificate
Breeze Airways, the start-up passenger carrier headed by serial aviation entrepreneur David Neeleman, has abandoned its application to acquire the certificate of now-defunct Compass Airlines.
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NewsCommission clears SATA pandemic state aid but probes earlier capital increase
European regulator have backed a Portuguese €133 million support package to help Azores carrier SATA Air Acores through the coronavirus crisis, but is to probe an earlier funding.
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NewsGerman fund WSF approves local support for Lufthansa subsidiaries
German federal fund WSF has approved local financial aid for Lufthansa subsidiaries Austrian Airlines, Brussels Airlines and Swiss under the group’s €9 billion ($10.6 billion) support package from the government in Berlin. Austrian chief executive Alexis von Hoensbruch describes the approval as a “last hurdle” and expresses gratitude for the ...
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NewsWizz cements Gatwick ambitions by opening new base
Expanding low-cost carrier Wizz Air has further outlined its intent to grow at London Gatwick airport after announcing plans for a single-aircraft base and the launch of four new routes from this October.
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NewsStobart Group warns of job cuts after EasyJet closes two London bases
Stobart Group has signalled that job cuts could be imminent at Stansted and Southend, as a result of EasyJet’s decision to close its bases at the two London airports.
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NewsRyanair cuts 20% of Sept-Oct capacity as restrictions hit demand
Low-cost carrier Ryanair has reduced its planned capacity for September and October by 20% as demand for intra-European travel weakens amid government-imposed restrictions.
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NewsKhona returns to head Indian carrier GoAir as Dube leaves
Former Jet Airways chief executive Vinay Dube is to leave Indian low-cost carrier GoAir after just six months, to be replaced by the carrier’s former boss Kaushik Khona.
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NewsNokScoot woes drag Nok Air deeper into red
Thai low-cost carrier Nok Air saw a staggering increase in its first-quarter losses, led mostly by trouble at its now-shuttered long-haul subsidiary NokScoot. Nok, which recently took a similar path as compatriot Thai Airways to file for business rehabilitation, reported an operating loss of Bt4.4 billion ($141 million) for the ...
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NewsTroubled Thai sees operating loss more than double
Thai Airways International, which recently entered court-supervised business rehabilitation amid longstanding financial woes, plunged deeper into the red in its half-yearly financial results. For the six months ended 30 June, the Star Alliance carrier reported an operating loss of Bt18.3 billion ($590 million), widening the Bt7.9 billion operating loss it ...
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NewsNeste delivers sustainable aviation fuel in San Francisco
Finnish renewable fuels producer Neste has begun supplying three of the United States’ largest airlines with sustainable aviation fuels (SAF) for flights from San Francisco International airport.