Strategy – Page 161
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NewsGaruda hopeful about return to profitability
Higher yields during 2019 could bring take Garuda Indonesia back into the black.
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NewsAir freight falls again in November but pressure easing: IATA
IATA’s latest air freight market analysis, which details figures for November 2019, noted that industry-wide freight tonne kilometres (FTKs) dipped by 1.1% year on year. This marked the 13th consecutive month of year-on-year decline in air freight volumes.
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NewsNorwegian misses zero-capacity-growth goal but ups unit revenue
Scandinavian budget carrier Norwegian’s 2019 capacity was 1% higher than the previous year despite its pledge of zero growth as part of efforts to return to profitability.
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NewsHeathrow details path to final third-runway planning application
Heathrow will later this year submit its final planning application for the construction of a third runway, having been forced to delay the expected completion date by a year when the UK’s aviation regulator capped the amount that could be spent in the early phases of the project.
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NewsGaruda delays fundraising for debt repayment
Garuda Indonesia has delayed plans to raise up to $900 million in funds meant for refinancing its debt.
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NewsIndiGo parent calls EGM as co-founder seeks to ease share rules
IndiGo Airlines parent Interglobe Aviation has called an extraordinary general meeting for 29 January to consider a proposal by one of its co-founders to amend its articles of association covering rules around the sale and acquisition of shares by its two major shareholders.
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NewsA decade of Airline Business covers
Airline leaders from across the globe – and covering a range of business models – have featured on the cover of Airline Business in the past 10 years. Here are some of the highlights
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NewsJeju Air delays acquiring majority stake in Eastar Jet
Jeju Air has delayed acquiring a majority stake in compatriot Eastar Jet as it needs time to conduct due diligence on the latter. Jeju expected to complete the stock sale and purchase contract by 9 January, but this has been pushed back until the end of the month. “The above ...
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NewsHyundai-led acquisition of Asiana Airlines closes
Asiana Airlines will soon change hands, after a consortium formed by Hyundai Development (HDC) and Mirae Asset Daewoo committed to a W2.5 trillion ($2.2 billion) deal.
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NewsBamboo Airways gains IOSA certification
Vietnamese carrier Bamboo Airways will receive its IATA Operational Safety Audit (IOSA) certification on 3 January, nearly a year after launch. This will also pave its way to becoming an IATA member in the near future, the carrier says. Source: Bamboo Airways Bamboo Airways took delivery of ...
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NewsChina Southern to keep codeshares after leaving SkyTeam
China Southern Airlines will maintain codeshare arrangements with most SkyTeam members even after leaving the alliance next year. “Through bilateral cooperation, the company will continue to maintain codeshare partnerships with its existing SkyTeam partners and frequent flyer cooperation will be continued with Aeroflot, Aerolineas Argentinas, Air Europa, Air France, Alitalia, ...
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NewsEmirates airline president Clark to step down in June
Long-serving Emirates airline president Tim Clark is to retire at the end of June 2020.
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PodcastAirline Business Podcast – end of year (and decade) review
The new edition of the Airline Business podcast is now available. Join Graham Dunn, Lewis Harper and Max Kingsley-Jones as they look back on 2019 and the past decade, and forward to what 2020 might have in store for airlines. There are several ways to listen to the Airline Business ...
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NewsJeju Air to acquire majority in low-cost rival Eastar Jet
South Korean low-cost carrier Jeju Air is acquiring a 51% stake in compatriot Eastar Jet for W69.5 billion ($59.6 million).
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NewsSriLankan, Qatar expand codeshare agreement
SriLankan Airlines will add 18 new points to its codeshare agreement with fellow Oneworld alliance member Qatar Airways, building on the partnership that first began in 2016. SriLankan will be adding its code on Qatar’s flights out of Doha to European cities such as Helsinki, Budapest, Munich, Lisbon and Edinburgh. ...
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NewsAirport authority impounds seven Hong Kong Airlines aircraft
The Airport Authority of Hong Kong has seized seven Hong Kong Airlines (HKA) aircraft sitting idle, in a move to “protect financial interests”. In a statement, the authority states that it acted under the territory’s Airport Authority Ordinance to “detain” the aircraft. It adds that the seven aircraft “have not ...
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NewsTurkey’s AtlasGlobal prepares to resume flights
Turkish carrier AtlasGlobal is preparing to restore services, after re-opening its reservations system after nearly a month-long suspension.
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NewsTaiwan’s FAT says closure notice mistakenly issued
In a turn of events, Taiwan’s Far Eastern Air Transport (FAT) chairman says last week’s closure notice was mistakenly issued by airline executives. The troubled carrier is, however, still subject to punitive action from Taiwan’s authorities.
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NewsHigher expenses drag Mesa Q4 profits
Mesa Air Group reported a net profit of $12 million for its fourth quarter of 2019, down from $19 million during the same quarter in 2018 as Phoenix-based regional carrier Mesa Airlines expands its fleet. Operating revenue during the quarter rose 6% year-on-year to $188 million, compared with $177 million ...
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NewsIATA foresees modest air cargo recovery in 2020
Air cargo demand measured by freight tonne-kilometres will increase by around 2% in 2020, IATA estimates, as rebounding economic growth boosts trade volumes.