Strategy – Page 87
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NewsAirlines hail scrapping of UK ‘traffic light’ system for travel
Airlines based in and serving the UK have welcomed the decision by the country’s government to simplify its requirements for arrivals at English airports.
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NewsAegean Airlines narrows second-quarter loss
Aegean Airlines has posted a pre-tax loss of €34.8 million ($41 million) in the second quarter ended 30 June, narrowing from a loss of €88.5 million in the year-ago period.
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NewsRyanair raises long-term traffic target as it seeks to capitalise on crisis
Europe’s biggest budget operator Ryanair now expects to carry 225 million passengers by March 2026, an increase of 25 million on its previous expectations.
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NewsAmerican to invest $200 million in Gol, expand marketing pact
American Airlines plans to acquire about 5% of Brazilian carrier Gol’s shares for R1.05 billion ($200 million) as part of a plan by the airlines to expand an existing marketing and codeshare agreement.
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NewsTata Sons among bidders for Air India
Indian conglomerate Tata Sons is among those to submit bids for the renewed attempt to sell Air India, the deadline for which passed today.
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NewsUS court takes Avianca a step closer to emerging from Chapter 11
The US bankruptcy court for the Southern District of New York has approved Colombia flag carrier Avianca’s disclosure statement describing the terms of its reorganisation plan.
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NewsQantas eyes 18 December international restart
Qantas plans to restart some flights to countries with high vaccination rates from 18 December, its clearest indication yet on an anticipated international restart.
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NewsBritish Airways sees Covid as catalyst for service innovation
British Airways responded to the pandemic by using technology to deliver new products and services to the customer, in a bid to improve its offering, cut costs, and minimise the risk of infection. During the AIX online event on 13 September, the IAG-owned airline’s director of brand and customer experience ...
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NewsLangkawi bubble ‘encouraging’ but broader recovery unpredictable: AirAsia
AirAsia reports “very encouraging” demand for flights into the tourist destination of Langkawi, as it ramps up capacity ahead of the island’s reopening to vaccinated domestic travellers.
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NewsSouthwest Airlines president retires; COO to take over
Southwest Airlines’ president Tom Nealon has stepped down from his post effective immediately, the latest senior leadership change at the low-cost carrier.
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NewsWizz restores pre-pandemic pilot salaries
Wizz Air will reinstate pilots’ salaries to their pre-Covid levels from 1 October, and is launching a recruitment drive to bring in additional staff as it rebounds from the pandemic.
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OpinionWhy now is the time for airline leaders to grasp new opportunities
Airline Management Group founder Peter Davies believes the industry needs to do more to identify new opportunities during the crisis, whilst managing the immediate balance sheet challenges.
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NewsComair recovery bolstered by capital inflows
South African carrier Comair has secured capital inflows of R270 million ($19 million) following the sale of its SLOW Lounge business to FirstRand Bank for R250 million and the receipt of a R20 million payment from South African Airways (SAA).
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NewsEC clears Italy’s ITA for fresh start after ruling no liability for Alitalia state aid
European competition regulators have cleared a €1.35 billion ($1.6 billion) Italian capital injection into Italia Trasporto Aero (ITA) and ruled the new operation is not liable to repay €900 million in illegal state aid received by national carrier Alitalia.
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NewsFollowing competitors, American trims financial forecast, citing ‘Delta’ variant
American Airlines has joined other US carriers in reducing its earnings forecast for the third quarter as the coronavirus “Delta” variant continues to play havoc with the travel industry.
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OpinionUnited cuts Q3 earnings expectation as ‘Delta’ variant slows bookings
United Airlines has seen “deceleration” of third-quarter income due to increased fear among travellers about the “Delta” variant of Covid-19.
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NewsTransat remains optimistic despite another minimal-revenue quarter
A six-month operational pause left Transat AT with another quarter lacking significant revenue, though more cash has been flowing in since subsidiary Air Transat restarted flights at the end of July.
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NewsJetBlue trims Q3 revenue expectation as Covid impact continues
JetBlue Airways is the latest US airline to trim its third-quarter financial projections in response to booking “softness” due to still-high rates of coronavirus infections.
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NewsUS business-travel rebound still months away: Delta CEO
Not long ago, US airline executives expected a business-travel rebound would take hold this autumn. Now, Delta Air Lines chief executive Ed Bastian says his team thinks the US business-travel rebound will begin later this year or, perhaps, early next year.
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NewsAirAsia Group says sufficient liquidity through 2022, as losses narrow
AirAsia Group narrowed its second-quarter losses on the back of a surge in revenue, as it forecast “sufficient liquidity throughout 2022”.