All Airline Business articles – Page 72
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Airline BusinessWhy transatlantic return matters so much to airlines
When Virgin Atlantic broke the news it would need to cut over 1,000 more jobs, even having secured its future within £1.2 billion ($1.6 billion) in refinancing commitments, it underlined just how damaging the failure to reignite the key transatlantic market was.
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Airline BusinessHow close is Hong Kong to setting up travel bubbles?
Proposed travel bubbles have offered a ray of hope for restless Hong Kong denizens grounded for months in a densely populated city, but these have proven more complicated for the government to arrange than it initially seemed. An annual jaunt to Taiwan or Japan is de rigueur for many Hong ...
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Airline BusinessUnited plans new long-haul non-stop flights to Africa, India, Hawaii
United Airlines will launch seven new long-haul widebody non-stop routes – five international and two domestic – as the airline shifts its focus away from business travel to the leisure segment, which it believes will be the first to rebound after the coronavirus global health pandemic.
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Airline BusinessWinter of disconnect ahead for Europe’s airlines
There are few crumbs of comfort for European airlines as they look back on a worse-than-expected summer season and forward to what could be a bleak winter.
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Airline BusinessThailand tourism collapse poses existential crisis for airlines
The Thai airline industry has had a dramatic past few months amid the coronavirus outbreak, which has seen two carriers file for business rehabilitation, and a third going under. How did one of Southeast Asia’s fastest growing markets end up in this state, and is there a way out?
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Airline BusinessAirline coronavirus recovery tracker: September 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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Airline BusinessWhy airline lifelines might be followed by more rescue measures
News that Virgin Atlantic has secured court approval for its planned recapitalisation marks the latest in series of rescue deals that have been struck to ensure airlines around the world can stay airborne. Some have simply secured protection from creditors while they re-organise. Others have secured fresh capital – be ...
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Airline BusinessNew Jeju Air boss sees pandemic as defining moment
The chief executive of South Korean low-cost carrier Jeju Air is focusing on the basics as the airline grapples with the effects of the coronavirus pandemic. E-Bae Kim has been chief executive of Jeju Air since 1 June, following a 30-year career with Asiana Airlines. His predecessor in the role, ...
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Airline BusinessOnce the industry’s darlings, Asian LCCs struggle in pandemic’s wake
Asia-Pacific’s low-cost carriers were once the region’s success stories and seen as the next phase of growth. Amid the coronavirus outbreak though, many are now struggling. How will they overcome the crisis?
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Airline Business‘X’ doesn’t mark the spot for A330neo
The coronavirus is a disaster for all airlines and airframers, but a concentration of orders with troubled Southeast Asian carriers presents a particular challenge for the Airbus A330neo. The world was very different in July 2014. Brent crude stood at well over $100 a barrel, a price that seemed to ...
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Airline BusinessLatin American aviation’s coronavirus slumber far from over
As the global aviation industry gets used to the idea that a rebound may take three years, the sector in Latin America is looking at a particularly difficult recovery, as airlines report staggering losses, borders remain closed and governments continue withholding aid.
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Airline BusinessKorean doubles down on cargo amid challenging passenger market
Korean Air’s second quarter operating profit on the back of strong cargo performance offered a dash of positive news to a sector reeling from the coronavirus pandemic.
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Airline BusinessSriLankan focuses on cargo, repatriation pending traffic recovery
SriLankan Airlines chairman Ashok Pathirage has had to navigate an extremely challenging environment since assuming his role in December 2019. A prominent Sri Lankan businessman, Pathirage is also the chairman and founder of local conglomerate Softlogic Holdings, and runs other local companies as well. He joined the national carrier at ...
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Airline BusinessAsia-Pacific airlines temper optimism with caution - but for how long?
While capacity is expected to increase in coming months, airlines in and around the region warn of material losses in upcoming financial results. With the pandemic-induced downturn showing no sign of easing off anytime soon, they are finding it increasingly trickier to match expectation with reality.
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Airline BusinessMyanmar Airways International bucks trend with planned growth
Myanmar Airways International (MAI) is struggling as much as any airline amid the coronavirus pandemic, but chief executive Saravanan Ramasamy sees opportunity in crisis. The full-service airline is by no means the region’s biggest or most famous carrier, operating a pair of Airbus A319s and a single A320 from its ...
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Airline BusinessAirline losses mount for second quarter after revenues collapse
Airlines routinely posted losses deeper than the revenue they brought in during the April-June quarter, as the virtual grounding of international scheduled services wiped out much of their business.
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Airline BusinessAirline coronavirus recovery tracker: August 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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Airline BusinessJAL plays the long game with pandemic response
Japan Airlines (JAL) is focused on long-term survival as it weighs its network, finances, and fleet, amid the coronavirus pandemic. JAL sees sharply diverging trends for its domestic and international network, says the carrier in an email interview with FlightGlobal. Source: JAL JAL has 25 787-8s in its ...
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Airline BusinessAirlines left doubting if enough people can, or will, travel in 2020
The industry’s relief at being able to ramp up services as the second half of 2020 began is quickly being replaced by concern that the coronavirus is likely to weigh more heavily on demand than previously thought.
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Airline BusinessAn eternal midnight for Asia-Pacific airlines
Hopeful talk of ”travel bubbles” in the Asia-Pacific has turned to disappointment as the coronavirus demonstrates a profound ability to keep heaping disruption on the travel industry. In early May, hope was in the air in Auckland. New Zealand, one of rare success stories in dealing with the pandemic, mooted ...