Strategy – Page 757
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News
JAL launches corporate overhaul
Just over two years after it took over former rival Japan Air System (JAS), the Japan Airlines (JAL) Group is planning a further corporate restructuring including large cuts in top management positions.
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Long-haul low-cost from Hong Kong
A group of Hong Kong investors is seeking to establish a so-called long-haul, low-cost airline to operate to points in Europe and North America.
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Patrick bids to take over Virgin Blue
Manoeuvring continues as Patrick Corporation, Virgin Blue’s largest shareholder, bids for control of the Australian low-cost airline.
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No-frills fortunes
US and European low-cost carriers have gained significant market share at the expense of legacy carriers over the last five years and expect growth to accelerate in the next five
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The last legacy
Through travel agency commission cuts and rising internet ticket sales, carriers have seen distribution costs tumble, but the legacy cost of global distribution system fees still remains to be tackled
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Profits and loss
Carriers are under pressure to earn more and spend less on their frequent flyer programmes, but that should not be at the expense of keeping customers loyal