Strategy – Page 81
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NewsLebanon’s MEA pushes back A330neos as it battles dual crises
Lebanese carrier Middle East Airlines has pushed back delivery of its four Airbus A330neos until 2026 as it bids to recover from the dual challenges of the pandemic and economic crisis in Lebanon.
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NewsAzul CEO confirms interest in acquiring LATAM
Azul’s chief executive doubled down on comments he made last week about a potential acquisition of LATAM Airlines Group, pending the outcome of the Chilean airline’s bankruptcy protection process.
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NewsAzul ‘bullish’ about future booking and revenue trends
Brazil’s Azul Airlines is “bullish” about booking and revenue trends after its revenue increased almost 60% from the second to third quarters of 2021.
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NewsRoyal Jordanian to decide on fleet renewal by year-end
Royal Jordanian Airlines aims to make a decision on the renewal of its regional and narrowbody fleets by the end of the year in support of a long-term strategic plan which envisions a near doubling of the operation.
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NewsFrontier in “strong financial position”; expects recovery by Spring 2022
Frontier Airlines says it is in a “strong financial position” to get to pre-coronavirus levels by early 2022 despite the coronavirus’ Delta variant that ate into the carrier’s revenues in the third quarter of 2021.
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NewsLATAM loses $692m in Q3, sees capacity hitting 65% by year-end
LATAM Airlines Group posted a third-quarter loss but says increased vaccination rates, fewer travel restrictions and pent-up demand will propel capacity to 65% of pre-pandemic levels by year-end.
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NewsGol reports wider Q3 loss, prepare to resume international flights
Gol reported a net loss of R$2.5 billion ($455 million) in the third quarter of 2021, but says that higher vaccination rates and the opening of borders across the hemisphere will boost travel in the coming busy summer holiday season.
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NewsAustrian cites low-cost competition as it outlines tourism-focused 2022 network
Austrian Airlines is planning to focus on leisure destinations in 2022, as it acknowledges likely strong competition from low-cost cost carriers at Vienna airport.
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NewsFinnair focuses on Japan in 2022 schedule as China uncertainty continues
Finnair has added Tokyo Haneda to its schedules for summer 2022, as it focuses on serving Japan amid uncertainties over the reopening of China to non-essential travel.
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NewsItaly’s ITA Airways seals codeshare with Air Europa
New Italian carrier ITA Airways has struck a codeshare deal with Spain’s Air Europa, as it continues to fill the gap left after Alitalia ceased flights last month.
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NewsSpanish carriers offer bright spot as IAG sees ‘inflection point’ in third quarter
IAG posted an operating loss of €452 million ($523 million) for the third quarter though its Spanish carriers Iberia and Vueling did both move out of the red.
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NewsVueling sees long-term returns from opportunistic push into new markets
Vueling chief executive Marco Sansavini believes the carrier’s moves to exploit new international opportunities that have emerged in the European short-haul market since the pandemic will provide long-term returns.
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NewsBritish Airways aiming to finalise Gatwick plans by end of November
British Airways hopes to finalise talks with unions and London Gatwick airport over a new short-haul operation in time to launch its summer plans around the end of November.
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NewsIAG chief Gallego ‘less optimistic’ about stalled Air Europa deal
IAG chief executive Luis Gallego is “less optimistic” about completing a deal to acquire Spanish carrier Air Europa, but talks are continuing with the latter’s parent company Globalia, regulators and the Spanish government.
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NewsCargo lift helps Turkish Airlines top pre-crisis profits in third quarter
Turkish Airlines profits outstripped pre-crisis levels in the third quarter as the carrier benefited from a strong cargo performance.
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NewsNo indications of big aircraft orders at Dubai air show: IATA chief
IATA director general Willie Walsh says the “cautious” approach being taken by airlines reduces the chance of any major aircraft orders being announced at the upcoming Dubai air show, despite carriers needing to rebuild their fleets post-Covid.
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NewsLufthansa chief Spohr sees no let-up in strong cargo demand
While many of the fundamentals underpinning the strong financial performance of air freight have been driven directly or indirectly by the pandemic, Lufthansa Group chief executive Carsten Spohr still sees demand remaining strong even as passenger activities recover.
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NewsLufthansa still pondering MRO unit options as strengthening efforts continue
Lufthansa Group is still evaluating whether to carry out a partial divestment of its MRO business despite progress on improving its balance sheet.
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NewsAtlas Air tops $1b in quarterly revenues for first time
Atlas Air Worldwide Holdings reported strong third-quarter results as the demand for air freight transportation continues to outstrip supply, and problems with ground-based shipping networks are slowing down the global supply chain.
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NewsRestructured Eurowings leads profit recovery for Lufthansa passenger units
Lufthansa Group chief executive Carsten Spohr believes the Covid crisis has accelerated the recovery of Eurowings, the low-cost unit it now expects to continue in profit after reaching that milestone in the third quarter.