Strategy – Page 76
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NewsQantas cuts domestic capacity again amid border reopening delays
Qantas Group has further trimmed domestic capacity through end-March, amid an indefinitely delayed border reopening in Western Australia.
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NewsAmerican now anticipates full recovery no sooner than 2023
American Airlines has pushed back the timeframe by which it expects to fully recover from the pandemic downturn to no sooner than 2023.
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NewsAmerican loses $2bn in 2021 even with billions in taxpayer aid
American Airlines lost $2 billion in 2021 despite taking $4.2 billion in US government aid, and the company predicts revenue in early 2022 will continue to significantly lag 2019 figures.
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NewsUnited Airlines lost $646m in Q4 as Omicron delayed recovery
United Airlines lost $646 million in the fourth quarter of 2021 as the Omicron variant of Covid-19 impacted air travel and delayed the airline’s anticipated recovery.
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NewsVirgin Atlantic to codeshare with LATAM Airlines
Delta Air Lines partners Virgin Atlantic and LATAM Airlines are to begin codesharing on flights between and beyond London and Sao Paulo.
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NewsEU assurances on airport slots not enough for Air France-KLM and Lufthansa
European Commission assurances that existing airport slot regulations make so-called ‘ghost flights’ unnecessary have failed to placate two of the region’s largest airline groups, with both Air France-KLM and Lufthansa Group since asking for rules to be relaxed during the current northern hemisphere winter season.
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NewsOmicron caused ‘hellacious’ weeks for Delta: CEO
Delta Air Lines expects to post a loss for the first quarter of 2022 as the Omicron variant of Covid-19 forced the carrier to cancel hundreds of flights in recent weeks.
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NewsKLM chief Elbers to step down in 2023 when second term ends
KLM chief executive Pieter Elbers will step down from the role at the start of May 2023 when his second term in the position comes to an end.
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NewsAirlines brace for tough start to 2022 as Omicron response hits bookings
Ticket bookings for international travel in particular have taken a hit amid the spread of the Omicron variant of Covid-19, according IATA.
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NewsStrong fourth quarter and government aid push Delta to full-year profit
Delta Air Lines posted a pre-tax loss of $3.4 billion in 2021, though reached the black when accounting for extraordinary items including the US Government’s payroll support programme.
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NewsEthiopian Airlines could reach pre-Covid capacity level in 2022
Ethiopian Airlines expects its capacity to reach near pre-crisis levels in 2022 as the carrier emerges from the Covid-19 downturn buoyed by a strong performance from its cargo business.
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NewsUK start-up Hans Airways eyes summer launch after securing first A330
UK start-up Hans Airways has signed a letter of intent for its first aircraft, an Airbus A330-200, as it bids to launch services this year.
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NewsFinnair delays Dallas launch as staff sick leave forces February flying cuts
Finnair is cutting its February 2022 flying programme in response to increased sick leave among its employees and those of its partners, with the launch of services to Dallas and the return of Nagoya flights both pushed back as a result.
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NewsAeromexico’s creditors approve restructuring plan
Grupo Aeromexico’s creditors have approved its restructuring plan, moving the Mexican carrier one step closer to exiting Chapter 11 bankruptcy proceedings in a US court.
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NewsJetBlue’s Laurence joins Delta as VP of network planning
Former JetBlue Airways executive Scott Laurence will join Delta Air Lines as vice-president of network planning later this month.
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NewsVirgin Atlantic adds first new US route since 2015
UK carrier Virgin Atlantic is to launch flights to Texas state capital Austin this summer, marking its first new route to the USA since 2015.
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NewsIraqi Airways’ first A220 lands in Baghdad amid hope EU flight ban will be lifted
Iraqi Airways’ first Airbus A220-300 landed in Baghdad on 9 January amid hope the airline would soon be able to resume flights to Europe.
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NewsRyanair to shut Frankfurt base in charges row
Irish low-cost carrier Ryanair is to close its base at Frankfurt Main airport at the end of March, hitting out at increased charges at Germany’s biggest hub.
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NewsCathay Pacific makes further cuts to passenger and cargo schedules through March
Cathay Pacific has made further “substantial reductions” to passenger and cargo schedules through March, citing tightened quarantine requirements, as well as travel bans imposed by the Hong Kong government.
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NewsAvelo raises an additional $42 million
Low-cost start-up Avelo Airlines has raised an additional $42 million in a second round of funding, bringing its total capital base to $160 million.