Strategy – Page 135
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NewsUnited ends partnership with ExpressJet
United Airlines will consolidate all of its regional Embraer 145 flying to one partner, in order to streamline its network and lower costs as the coronavirus outbreak continues to take its toll on the air transport industry.
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NewsSkyWest posts $26m loss, ramps up Embraer fleet
SkyWest Airlines reported a $26 million loss in the coronavirus-marked second quarter as demand slumped and the airline significantly reduced its network.
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NewsProlonged 737 Max grounding, pandemic punish SpiceJet earnings
India’s SpiceJet has incurred more than Rs6.7 billion ($89.6 million) in costs from the year-long global grounding of the Boeing 737 Max. Taken together with the impact from the coronavirus outbreak, which has dented passenger travel demand, SpiceJet saw losses widen for the year ended 31 March. The low-cost carrier ...
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NewsAllegiant loses $93 million in ‘most turbulent’ quarter
Allegiant Travel Company, parent of ultra-low-cost carrier Allegiant Air, reported a $93 million loss in the second quarter as the coronavirus pandemic ravaged the air transport industry during the period.
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NewsSIA A380 future in limbo as review of future network, fleet size underway
Singapore Airlines Group will in the next six months be reviewing the size and shape of its network and fleet over the long term.
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NewsWizz Air chief claims ‘this is our time’ as carrier expands network
Wizz Air is taking advantage of the opportunities created by the coronavirus crisis to expand its footprint across eastern and central Europe with new bases and routes.
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NewsANA swings to ‘large quarterly loss’ amid revenue collapse
Despite attempts to bring expenses down amid the coronavirus outbreak, All Nippon Airways’ parent company ANA Holdings swung to a massive loss in the first quarter. For the three months ended 30 June, ANA Holdings reported an operating loss of Y159 billion ($1.51 billion). This was in contrast to ...
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NewsHawaiian Airlines frustrated by ongoing quarantine
Hawaiian Airlines’ second quarter ended with a loss of $107 million after its home state’s strict travel restrictions prevented it from doing any meaningful business for much of the three months ending in June.
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NewsJetBlue prepares for volatile recovery
JetBlue Airways posted a $320 million loss in the second quarter and expects further volatility through the third and fourth quarters as the long-term effects of the coronavirus on the New York-based low-cost carrier become clear.
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NewsAir cargo decline narrows in June but market ‘exceptionally challenging’
Air freight traffic declines showed some signs of improving in June but business remains “exceptionally challenging”, according to the latest IATA market wrap-up.
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NewsLessons from NokScoot’s liquidation
NokScoot has suffered the ill-effects of Covid-19, as did Thai Airways; its fate, however, is very different from the flag carrier’s. Thai Airways could emerge from rehabilitation with a significant makeover, but looks likely to survive. On the other hand, the board and shareholders of NokScoot, the joint venture between ...
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NewsChina Eastern hints at cross-strait flights from new Xiamen base
China Eastern Airlines has opened a new base at Xiamen, as it hints at launching cross-strait flights into Taiwan, among other future international expansion plans. Explaining what it labels a “major strategic decision”, the carrier says the Xiamen base will — among other reasons — “promote the integrated development ...
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NewsRyanair warns of base closures in Spain and Italy
Ryanair has threatened to close bases in Spain and Italy if new labour agreements cannot be reached with unions.
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NewsTAP Air Portugal to reach 40% of pre-Covid network in September
TAP Air Portugal is planning to operate 700 flights per week in September, bringing its network to around 40% of its pre-coronavirus level.
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NewsAirline slot waivers need strict conditions: ACI World chief
Airports body ACI World does not completely oppose a waiver of the 80:20 slot rule in the North Hemisphere winter season, but argues it should only be applied with strict conditions attached.
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NewsEurope’s low-cost carriers look beyond the restart
With the European aviation market shaken and long-haul travel largely absent, it is the continent’s low-cost carriers that are embracing the restart, driven by pent-up leisure and visiting-friends-and-family (VFR) demand.
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NewsJet Airways receives two bids
Grounded Indian carrier Jet Airways has received two bids as part of its sale process, according to a 23 July filing to the BSE.
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NewsThai Airways details creditor claims amounting to Bt85 billion
Thai Airways International has disclosed details of Bt85 billion ($2.7 billion) in creditor claims it received among others, citing these as “one of the reasons why the company has filed for the rehabilitation petition”. CIMB Thai Bank and Islamic Bank of Thailand requested in May the repayment of principal and ...
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NewsSIA uses A350-900 and 787-10 aircraft to raise liquidity
Singapore Airlines Group has raised an additional S$750 million ($540 million) from long-term loans secured by an unspecified number of Airbus A350-900 and Boeing 787-10 aircraft. Cirium fleets data show that within SIA Group’s in-service and stored fleet, mainline carrier SIA owns and operates 48 A350-900s and 15 787-10s. Including ...
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NewsSouthwest sees recovery as ‘long saw-toothed slog’
Southwest Airlines reported a $915 million loss for the second quarter and says it expects customer demand to return to pre-coronavirus levels only once there is a vaccine to protect travellers.