Strategy – Page 99
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NewsRyanair ‘cautiously’ eyes breakeven this year after €815m loss
Europe’s biggest low-cost carrier Ryanair ‘cautiously believes’ it can be close to breakeven for the financial year ahead after posting a record loss of €815 million ($990 million) for the pandemic hit year to March 2021.
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NewsThai AirAsia eyes year-end international restart amid worsening financial results
Thai low-cost carrier Thai AirAsia has warned that the third wave of coronavirus infections in April will impact its profitability, as it sank deeper in the red amid plunging revenue.
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NewsFAA grants Breeze Airways air carrier certificate
Breeze Airways, the startup airline from aviation entrepreneur David Neeleman, has received its long-awaited air carrier certificate from the Federal Aviation Administration which will allow it to begin passenger revenue operations.
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NewsInvestor scraps plan to acquire Transat: reports
Canadian billionaire investor Pierre Karl Peladeau has reportedly scrapped his effort to acquire Transat AT, the Montreal company that owns leisure carrier Air Transat.
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NewsRebranding Indian low-cost carrier GoAir files for IPO
Indian low-cost carrier GoAir has filed a prospectus with the Indian Capital Markets authority for a planned market listing and is rebranding as Go First.
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NewsWizz continues Italian push by launching Rome Fiumicino base in July
Central European low-cost carrier Wizz Air is to open a four-aircraft base at Rome Fiumicino airport from July.
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NewsTUI pins hopes on summer peak recovery
European travel operator TUI Group is eyeing a strong pick-up in demand this summer and intends to operate three-quarters of pre-crisis capacity in the peak holiday period.
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NewsFormer Wizz and Flybondi executive joins Volotea as CFO
European carrier Volotea has named former Wizz Air and Flybondi executive Mike Powell as its new chief financial officer.
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NewsCanada to invest an additional C$700m in airport infrastructure
Canada has set aside C$700 million ($579 million) to support the country’s airport infrastructure as it recovers from the coronavirus pandemic.
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NewsFull impact of US pipeline shutdown still unclear, American reroutes two flights
At least one US airline has rerouted flights after a cyber-attack forced the shutdown of a pipeline system that provides nearly half the fuel consumed in the eastern USA.
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NewsUnions squabble over contract for Canadian cargo pilots
Canada’s Unifor union has sharply criticised US-based pilot union Air Line Pilots Association, International (ALPA) for “interference” in pilot-contract negotiations with cargo and charter carrier Cargojet.
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NewsRex eyes breakeven by July amid ‘uneven’ regional demand recovery
Australia’s Regional Express (Rex) is hopeful it will break even by July this year, even as it acknowledges that its regional operations are loss-making “at current demand levels”.
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NewsBreeze backtracks on recruiting college students as flight attendants
Breeze Airways, the new low-cost startup airline founded by entrepreneur David Neeleman, is backtracking on a plan to hire only university students to work as flight attendants after coming under fire for the programme last week.
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News‘Not worth commenting on’: IATA chief Walsh slams UK travel restart plan
The UK’s announcement of countries to which non-essential travel can resume from 17 May has been given short shrift by IATA director general Willie Walsh.
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NewsUK gives green light for travel to 12 countries including Israel and Portugal
The UK government has named Israel, Portugal and Gibraltar among 12 countries on its ‘green list’ of destinations for the resumption of non-essential international travel on 17 May.
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NewsAir Canada loses C$1.3bn in Q1; calls on government to end restrictions
Air Canada continues to haemorrhage cash as the airline’s home country keeps its air carriers in the dark about a time-line for easing strict restrictions that are hindering them from returning to a pre-coronavirus normal.
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NewsJAL to acquire Spring Airlines Japan as subsidiary
Japan Airlines will acquire Spring Airlines Japan to become a consolidated subsidiary, as part of a move to streamline its low-cost units and tap into future growth potential.
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NewsJAL domestic 777s to exit by 2023, A350s to become flagship
Japan Airlines has picked the Airbus A350 as its future flagship aircraft, as it retires its fleet of domestic Boeing 777s by 2023, and reduces the number of large widebodies in the medium term.
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NewsTaiwanese carriers in the red for first quarter
Taiwan’s two main carriers — China Airlines and EVA Air — were both loss-making in their first quarter earnings as revenue took a hit.
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NewsCopa posts first quarter loss, sees diverging trends in the Americas
Panama’s Copa Airlines is banking on its advantageous geographical position and extensive network to smaller cities across the Americas and the Caribbean to eventually pull itself out of the coronavirus-driven slump.