Strategy – Page 93
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NewsAuditors cast ‘significant doubt’ over Garuda’s survival
Auditors have raised “significant doubt” over Garuda Indonesia’s ability to continue as a going concern, after the beleaguered flag carrier plunged to a record full-year loss.
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NewsUS president says decision imminent on reopening to European travellers
US president Joe Biden has suggested that there will be news on the potential reopening of US borders to non-essential European visitors in the coming days.
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NewsCautious Cathay expects 30% normal capacity by year-end
Cathay Pacific expects to operate about 30% pre-pandemic passenger capacity by the fourth quarter of the year, as it notes the “small signs of improvement” in its June traffic results.
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NewsMalaysia Airlines seeks to sell six A380s
In a LinkedIn post, the airline says its subsidiary MAB Pesawat Sdn Bhd is conducting an open tender for the sale of the widebodies, along with components.
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NewsDelta eyes continued financial recovery in second half of 2021
Delta anticipates its business will continue improving in the third quarter, with revenue and capacity expected to creep closer to 2019 levels thanks partly to strong demand for travel within the USA and to Latin America.
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NewsIATA unhappy as EU proposes tax on aviation fuel
Airline industry association IATA has criticised European Commission proposals to tax the jet kerosene used for intra-bloc flights, suggesting its focus should instead be on other sustainability measures.
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NewsDelta returns to profit in Q2 with help from US government payroll grants
Delta Air Lines returned to the black posting a $652 million profit in the second quarter, aided by $1.5 billion in US government Covid-19 support,
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NewsAir Astana swings to modest half-year profit
Kazakhstan’s Air Astana Group posted a net profit of $4.9 million for the first six months of 2021, swinging from a loss of $66.2 million in the same period in 2020.
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News‘I will not forget the lessors who have treated us badly’: AirAsia chief
AirAsia Group chief executive Tony Fernandes says he has found it “painful” how some unnamed lessors have treated the business during the Covid-19 crisis.
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NewsKLM adds Bridgetown and Port of Spain as network push continues
KLM will add its first flights to Bridgetown in Barbados and Port of Spain in Trinidad & Tobago this winter in a move which will see the Dutch carrier match the number of Caribbean and South American destinations it flew before the crisis.
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NewsAmerican started accumulating cash in Q2, swung to profit in June
American Airlines says it was profitable during June, the first month it has completed without a loss since December 2019.
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NewsAirAsia Group to raise up to MYR1 billion, eyes other fundraising opportunities
AirAsia Group will raise up to MYR1 billion ($239 million) through a proposed renounceable rights issue, as it confirms that it is “well-progressed” to secure other fundraising initiatives that will beef up its war chest against the coronavirus pandemic.
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NewsTransat pilots accept deal to return to work
Pilots at Canada’s low-cost vacation specialist Air Transat have accepted a new contract, clearing a path for them to return to work when the airline resumes service, now scheduled for 30 July.
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NewsPorter orders 30 E195-E2s, outlines major expansion
Canada’s Porter Airlines has ordered 30 Embraer 195-E2s and taken options to acquire a further 50 of the jets, while also announcing plans to expand its operation to include flights at Toronto Pearson airport.
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NewsAegean to restore 80% of capacity as losses narrow
Aegean Airlines’ losses almost halved year on year in the first quarter of 2021, and the Greek carrier aims to restore 75-80% of its capacity in the third quarter.
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NewsJet2 waits on summer demand after losses in pandemic-hit year
UK leisure carrier Jet2 continues to have “limited visibility” for the key summer period and the coming winter season as it eyes a pick-up in travel demand after posting an operating loss of £373.8 million ($463.9 million) for the pandemic-hit year to March 2021.
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NewsTwo months after launch, Avelo cuts destination cities, raises prices
Just over two months after launching operations, US startup carrier Avelo Airlines is pulling back service to several of its launch cities, and raising prices.
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NewsWestJet names Diederik Pen as new COO
Canada’s WestJet has appointed former Wizz Air executive Diederik Pen to be its next chief operations officer.
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NewsNumber of US air travellers exceeded 2019 levels two days last week
More people travelled by air on two consecutive days around last weekend’s US Independence Day holiday weekend than did on the same days in pre-coronavirus 2019, the government agency responsible for airport security says.
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NewsAegean awarded state funds following successful capital increase
Aegean Airlines has received a €120 million ($142 million) grant from the Greek government, after completing a required €60 million share capital increase.