Strategy – Page 156
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NewsAtlas 2020 outlook hinges on coronavirus
As the end of 2019 approached, the air cargo sector was hopeful that easing trade tensions between the USA and China could allow a slight recovery for air freight demand between two of the world’s largest economies. Those hopes have been dashed as the coronavirus outbreak has brought the Chinese ...
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NewsTrans States Airlines to shutter operations as ExpressJet takes more United flying
United Express is consolidating its Embraer ERJ145 operations under ExpressJet as Trans States Airlines tells employees it is shutting down.
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NewsAsiana executives take voluntary pay cut to ride out crisis
Senior executives at South Korea’s Asiana Airlines have offered to take a pay cut to help the company through a rough patch.
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NewsAir New Zealand expects up to $47m hit from coronavirus
Air New Zealand is expecting a NZ$35-75 million ($22-47 million) hit to financial year 2020 earnings, as it weighs up the impact of the coronavirus outbreak against cheaper jet fuel. “The airline’s revenue outlook for the remainder of the year is expected to be adversely impacted as a result of ...
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NewsMoldovan start-up HiSky led by former chief of flag-carrier
Former Air Moldova chief Iulian Scorpan is heading up a private start-up budget carrier, branded HiSky, for the Central European republic. While all Moldovan carriers, with the exception of Air Moldova, FlyOne and Aerotranscargo, are blacklisted, the start-up will be formed through a partnership with a Romanian operating carrier, Cobrex ...
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NewsAuditor general’s office details ‘dire’ state of SAA organisation
South Africa’s auditor general’s office has testified to the chaotic condition of South African Airways’ organisation during a judicial commission examining allegations of corruption and fraud in state companies. The office participated for the first time in the audit of SAA’s full-year financial statement covering 2016-17. SAA was experiencing liquidity ...
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NewsAriana Afghan Airlines seeking to buy six aircraft
Afghanistan’s Ariana Afghan Airlines is the market to buy six aircraft. A tender document published on the airline’s website shows it is looking for two Airbus A330-200s, two Boeing 767-300ERs and two De Havilland Canada Q300s. The closing date for bids is 26 February 2020. The airline says in the ...
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NewsNew Swiss airline FlyBair partners with Helvetic
A partially crowdfunded Swiss airline named “FlyBair”, to be headquartered in Switzerland’s capital Bern, says that it has partnered with regional carrier Helvetic Airways ahead of beginning service to European vacation destinations from May 2020.
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NewsAtlas Air reports $293m loss in 2019 as it writes down 747-400 fleet
Aircraft lessor and air freight company Atlas Air Worldwide Holdings reported a loss for 2019 as it wrote down parts of its fleet due to lower cargo business during the year.
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NewsGol Q4 profit falls as Max crisis lingers
Brazil’s Gol continues to suffer from the fallout of the grounding of its seven Boeing 737 Max aircraft, reporting fourth quarter net income that was almost half of that reported for the same period in 2018.
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NewsCondor tie-up with LOT cleared by German authorities
German competition regulator Bundeskartellamt has cleared Polish firm Polska Grupa Lotnicza’s acquisition of leisure carrier Condor. The regulator has determined that there is “no relevant overlap” between the activities of Condor – formerly part of Thomas Cook Group – and Polish flag-carrier LOT, a subsidiary of PGL. Bundeskartellamt president Andreas ...
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NewsAir France-KLM studies fleet options if coronavirus impact lasts
Air France-KLM is considering how it could redeploy summer capacity to other markets where demand is stronger in the event of an extended coronavirus impact on its Chinese and broader Asian networks.
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NewsFuel costs and cargo slump drag Air France-KLM profits down in 2019
Air France-KLM full-year operating profits slipped nearly a fifth in 2019 as higher fuel costs and a deteriorating cargo market hit its performance.
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NewsQantas approaches future fleet with eye for competitive edge, simplification
Qantas Airways continues to evaluate a number of aircraft types, including new narrowbodies as well as Boeing’s proposed New Mid-Market Airplane (NMA). A slide accompanying the airline’s first half results presentation outlines the airline’s thinking in regard to fleet, dividing aircraft types into four categories: exit fading technology, mainstream ...
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NewsQatar Airways lifts IAG stake to 25%
Qatar Airways has increased its shareholding in British Airways and Iberia parent IAG from 21.4% to 25.1%.
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NewsAir Canada posts higher 2019 results, despite 737 Max grounding
Air Canada revenue and net profit rose slightly in 2019, but results were tempered by the ongoing grounding of the Boeing 737 Max aircraft and the start of the coronavirus crisis in Asia, the airline says.
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NewsFinnair explores pilot furloughs amid China pullback
Finnair has begun talks about temporary layoffs with its long-haul pilots following a reduction in its services to China because of the coronavirus outbreak.
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NewsThai Airways’ Nok stake further diluted after new share issue
Thai Airways’ stake in Nok Air has been diluted from 16% to 13.3% after the budget operator completed a Bt1.55 billion ($49.7 million) capital-raising exercise.
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NewsFormer chief returns to Scoot for second stint at helm
Campbell Wilson will rejoin Singapore Airlines subsidiary Scoot on 1 April and begin his second stint as chief executive of the low-cost carrier. Wilson – who previously led Scoot between 2012 and 2016 before becoming the group’s executive vice-president of sales and marketing – will succeed Lee Lik Hsin, who ...
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NewsCathay flags ‘significantly’ lower first half results from coronavirus hit
Embattled Hong Kong-carrier Cathay Pacific has warned that its first half results for 2020 will be “significantly down” compared to the same period last year, as the outbreak of the coronavirus compounds an already challenging market.