Strategy – Page 98
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NewsPost-summer US travel demand uncertain: American
At the moment, US airlines are riding a surge in demand for domestic leisure travel this summer.
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NewsQantas puts 787s on domestic flights in capacity ramp-up
Qantas will deploy its Boeing 787-9s on domestic flights for the first time since the type entered its fleet, as part of a capacity expansion that will also see seven new domestic routes launched.
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NewsGaruda Indonesia reportedly eyeing fleet cuts as part of ‘complete’ restructuring
Beleaguered Indonesian flag carrier Garuda Indonesia could halve its fleet to “no more than 70 aircraft”, reportedly as part of restructuring efforts to turn the airline around.
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NewsDelta hires GE executive Janki as new CFO
Delta Air Lines has hired longtime General Electric executive Daniel Janki as its next chief financial officer.
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NewsNeeleman’s Breeze Airways to be airborne from 27 May
Breeze Airways, the new low-cost airline led by serial aviation entrepreneur David Neeleman will begin operating flights next week, spooling up to a network of 39 routes between 16 cities across the eastern half of the USA by July.
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NewsCondor set for fleet renewal after equity fund Attestor acquires majority stake
Asset manager Attestor is to acquire a 51% stake in German leisure carrier Condor, investing €200 million ($244 million) in equity capital and providing a further €250 million to modernise the carrier’s long-haul fleet. The move secures fresh financial footing for the carrier after a period in which it has ...
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NewsLawmakers seek to subsidise sustainable aviation fuel production
US lawmakers have introduced a bill to subsidise production of sustainable aviation fuels (SAF), with supporters describing the measure as key to helping airlines achieve carbon neutrality by 2050.
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NewsStop-start recovery for Asia-Pacific aviation market, warn experts
Webinar panelists suggest region faces an on-off recovery as states respond to Covid-19 outbreaks by closing borders with little warning
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NewsEasyJet ready to ‘flex up’ capacity after pandemic-hit first-half loss
Low-cost carrier EasyJet expects to fly only 15% of its capacity in the current quarter after posting a pre-tax loss of €701 million for the first half of its fiscal year.
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NewsSIA Group to take 32 deliveries despite very weak demand
Singapore Airlines Group expects to take delivery of 32 aircraft in the coming 12 months including eight Boeing 737 Max 8, although it is uncertain when the type will return to service in the region.
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NewsQantas flags A$2 billion loss amid further job cuts, wage freeze
The coronavirus pandemic is expected to cost the Qantas Group A$16 billion ($12.4 billion) in lost revenue, though airline chief Alan Joyce believes it is “slowly starting to turn the corner”.
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NewsAer Lingus details cuts at Shannon and Cork bases
Aer Lingus is to permanently close its cabin crew base at Shannon airport as part of a series of cost-savings measures after warning there will be redundancies as it emerges smaller from the pandemic.
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NewsEmbattled SIA plunges to record losses in ‘toughest year’ yet
In what it called the “toughest year in its history”, Singapore Airlines Group slumped to a record S$4.3 billion ($3.2 billion) full-year net loss, dragged down hefty impairment costs.
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NewsIceland’s Play to launch with Stansted service in June
Icelandic start-up Play Airlines plans to launch operations next month, debuting on the Reykjavik-London Stansted route.
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NewsNorwegian edges closer to completing financial restructuring
Low-cost carrier Norwegian aims to complete its court-approved financial restructuring later this month after a deadline passed with no objections filed against the plan.
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NewsPorter pushes tentative restart from June to July
Porter Airlines will delay its tentative date for resuming flights to 20 July, marking the 10th time the regional airline has moved the date forward since shuttering its operations at the start of the Covid-19 pandemic downturn in March 2020.
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NewsCathay sees traffic lift in April, though recovery still a long way
Cathay Pacific has warned that it is not seeing any “immediate meaningful improvement” in passenger travel demand, as it discloses another dismal month of traffic figures.
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NewsApollo to offer another 6m Sun Country shares
Apollo Global Management is selling another another six million shares of Sun Country Airlines in a secondary public offering – a move coming two months after a successful initial public offering left the carrier flush with cash and valued at $1.84 billion.
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NewsPremium operator La Compagnie targets June scheduled restart
French all-premium long-haul operator La Compagnie is aiming to resume scheduled transatlantic flights from France to New York in June after what will have been a 15-month break because of the Covid crisis.
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NewsJetBlue outlines CFO succession plan
JetBlue Airways’ head of treasury and investor relations Ursula Hurley will become acting chief financial officer effective 12 June.