Strategy – Page 140
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AnalysisLayoffs expected when pay support ends for US carriers
Air travel may not return to pre-coronavirus levels until at least 2023, so US carriers are making plans to downsize their employee base, echoing the warnings of transportation analysts that the industry is “staff heavy” for the market reeling from the ongoing coronavirus pandemic.
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NewsDe Juniac sees fresh state role in airlines as short-term measure
IATA director general Alexandre de Juniac expects those governments that have taken stakes to help prop up cash-strapped airlines during the crisis will not be long-term investors in the carriers.
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NewsAeromexico says it will not file for bankruptcy, despite lack of liquidity
Mexican flag carrier Aeromexico says it has no plans to file for bankruptcy, but that it is “evaluating alternatives to move towards a better financial position” after the global coronavirus pandemic decimated its liquidity.
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NewsUS DOT fines Spirit Airlines $350,000 mischaracterising bumped passengers
The US Department of Transportation (DOT) has fined ultra-low-cost carrier Spirit Airlines $350,000 for mischaracterising passengers who were involuntarily denied boarding on overbooked flights as “volunteers” and then undercompensating them.
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NewsAer Lingus set to cut up to 500 jobs
Irish carrier Aer Lingus is warning it expects to cut up to 500 jobs citing the ‘catastrophic effect’ the coronavirus crisis having on the aviation industry.
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NewsLauda outlines restructuring under ‘survival plan’
Lauda’s Austrian arm is being repositioned as a wet-lease carrier and the Ryanair subsidiary is ending the employment of crew members who did not support a new collective labour agreement, as part of a “survival plan” to secure operations in Vienna.
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NewsAirAsia chief Fernandes sees ‘robust’ rebound in demand
AirAsia chief executive Tony Fernandes has highlighted “encouraging” forward bookings and sales as the low-cost carrier seeks to recover from the impact of the coronavirus crisis. “There was a point where you couldn’t see where the light was going to come from,” Fernandes acknowledged during an 18 June webinar organised ...
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NewsLufthansa warns bailout under threat over shareholder tussle
Lufthansa has warned it might be unable to implement the €9 billion ($10 billion) financial support package agreed with the German government after the airline’s largest shareholder indicated he might vote against the package.
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NewsUS airlines strengthen anti-coronavirus measures to inspire traveller confidence
As shelter-in-place orders are lifted across the United States, airlines are hoping to inspire traveller confidence by imposing stronger sanctions against passengers who refuse to wear face coverings on board their aircraft.
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NewsLufthansa job cuts to be spread across all units
Lufthansa Group’s planned 22,000 job cuts will affect 600 pilots, 2,600 flight attendants and thousands of roles in its maintenance and catering divisions, the company has revealed.
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NewsUncertainty around Khazanah’s view on Malaysia Airlines funding
The parent of Malaysia Airlines is in discussions with sovereign wealth fund Khazanah Nasional about financial support, but has not received a funding commitment. Addressing media speculation, the airline tells Cirium that parent Malaysia Aviation Group (MAG) “has not received any commitment by Khazanah Nasional, for a MYR5 billion ($1.17 ...
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NewsIATA re-ups calls on Latin American governments to support airlines
Commercial aviation association IATA has strengthened its calls for Latin American governments to assist their respective airline industries in order to help them survive the coronavirus crisis that has brought the sector to a near-standstill across the region.
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NewsUnited taps into MileagePlus programme for cash
United Airlines says it expects to have a total of $17 billion in liquidity by the end of the third quarter in part by leveraging its MilagePlus passenger loyalty programme, helping support the Chicago-based carrier through the unprecedented crisis that has gripped the travel industry since the beginning of the coronavirus pandemic.
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NewsLithuania plans new flag carrier
Lithuania’s government intends to establish a new national airline later this year or early in 2021.
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NewsJetstar Pacific rebranding to stoke talk of Qantas stake sale
Vietnam low-cost carrier Jetstar Pacific will revert to its former name, Pacific Airlines, as greater synergies with 70% owner Vietnam Airlines are sought. The proposed rebranding follows an agreement between Vietnam Airlines and Qantas Group, which owns a minority 30% stake in Jetstar Pacific. In addition, Jetstar Pacific will switch ...
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NewsChina Eastern launches new Hainan-based carrier
China Eastern Airlines has inked a cooperation framework agreement with four partners — including Shanghai-based carrier Juneyao Airlines — to establish a new carrier in Hainan island. The launch of Sanya International Airlines follows recent announcements from the Chinese government to turn the island into a free trade zone and ...
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NewsState to consider integrating some Air Italy assets into new Alitalia
Italy’s transport and infrastructure minister Paola de Micheli has indicated the state is considering the possible of integration some Air Italy assets into its renationalised Alitalia. Sardinia-based AIr Italy collapsed in February after shareholders could not agree on further investment to keep the struggling airline operational, though 49% owner Qatar ...
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NewsEuropean price war threatens deepened cash-flow crisis
Airlines making their first tentative steps towards restart of operations are keen to convince the public that air travel is back. But making the case will not be easy – or cheap. Early indications are that many passengers are nervous about boarding an aircraft, especially older travellers. And given that ...
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NewsTransat-Air Canada merger pushed to fourth quarter
Transat AT, the parent company of Canadian holiday specialist Air Transat, says its merger with legacy carrier Air Canada is still on track and now due to close sometime in the fourth quarter of 2020.
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NewsZeitfracht sells stake in Romania’s Blue Air
German logistics firm Zeitfracht Group has divested its stake in Romanian low-cost operator Blue Air.