All Strategy news
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NewsUS lawmakers reportedly earmark $17b for airlines in new coronavirus stimulus package
US lawmakers in Washington, DC have submitted a bi-partisan relief package worth $908 billion to extend coronavirus-crisis-driven financial aid after the previous bill, called the CARES Act, expired on 1 October.
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News
Condor emerges from ‘protective shield’
Condor has confirmed its exit from ‘protective shield’ proceedings implemented to establish the former Thomas Cook subsidiary as a standalone company. The German leisure carrier was placed under a first protective shield, which involved a €380 million ($455 million) bridging loan from the national government, following Thomas ...
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News
Court dismisses injunction to block Korean Air’s Asiana acquisition
Korean Air’s multi-billion dollar bid to take over rival Asiana Airlines cleared a critical legal hurdle, after a Seoul district court dismissed an attempt to block the acquisition.
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News
Korean Air-Asiana consolidation faces regulatory, legal hurdles
Korean Air’s proposed acquisition of rival Asiana Airlines could require the green light from regulators in at least four countries, adding to a growing list of hurdles which includes an ongoing legal battle to block the deal.
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News
Comair chief Stander steps down ahead of restart
Comair chief executive Wrenelle Stander has stepped down ahead of the South African carrier’s resumption of services tomorrow after its grounding because of the global pandemic and a subsequent formal restructuring.
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News
TAP cuts winter capacity up to 70% after heavy nine-month loss
TAP Air Portugal has reported a third-quarter net loss of €119 million ($142 million), and expects to reduce its winter capacity by 60-70% year on year as Europe’s second Covid-19 wave continues to heavily impact operations.
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News
Air NZ expects more cargo revenue but warns of full-year losses
Air New Zealand expects cargo revenue for the coming financial year to exceed previous years’ levels, after being awarded four more months of cargo flights under a government scheme.
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Analysis
Why hubs could be back in fashion in post-crisis network recovery
While low-cost carriers are likely to be among the early beneficiaries of demand for price-sensitive leisure travel in the early stages of a post-pandemic recovery, the lower levels of overall traffic could also see mean renewed focus on hub operations.
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News
Airport slots board requests summer 2021 relief from 80:20 rule
Airports, airlines and slot coordinators have joined forces to call for some relief on slot rules during the northern hemisphere’s summer 2021 season.
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News
Delta pilots agree to pay cuts to avoid furloughs through 2021
Pilots at Delta Air Lines have agreed to cost-cutting measures that will prevent involuntary furloughs of cockpit crew through the end of 2021.
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News
Cargo capacity on passenger jets key for vaccine rollout: IATA
Cargo capacity in the bellies of passenger aircraft will be necessary for the efficient distribution of Covid-19 vaccines, according to IATA.
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News
Covid impact sees China shoot up global airline connectivity ranking
The latest air connectivity ranking from IATA shows how China’s large domestic airline market – and the country’s apparent success in controlling the spread of Covid-19 – has boosted its fortunes versus other markets.
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News
European airlines to post heaviest net loss of all regions in 2021
European carriers are projected to post the largest losses of any region next year as the already high level of load factors required to breakeven means they cannot cut costs sufficiently to operate profitably.
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News
Further consolidation in Asia-Pacific ‘highly likely’: IATA
IATA has warned that more airline consolidation in the Asia-Pacific region is “highly likely”, if circumstances remain dire for airlines amid closed borders and a slow restart to international travel. At a regional briefing a day after its virtual annual general meeting, IATA regional vice president for Asia-Pacific Conrad ...
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News
High debt levels will hamper airline recovery: IATA
Airlines face a challenge to recover from the increased debt burden which has resulted from efforts to survive the crisis with the industry not projected to turn cash positive for another year.
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Analysis
Asian and North American airlines to lead recovery but all regions loss-making in 2021
IATA expects airlines in Asia-Pacific and North America to lead the recovery in 2021 aided by strong domestic markets, though it still sees all regions loss-making as international passenger markets struggle to recover from the pandemic.
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News
Airline chiefs predict business travel will bounce back
Chief executives of JetBlue, KLM and Lufthansa Group have insisted that corporate travel will rebound once passengers feel comfortable flying again.
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News
Aegean to operate less than 20% of pre-Covid winter capacity
Aegean Airlines incurred a net loss of €28.3 million ($33.6 million) in the third quarter, and expects to operate less than 20% of the last winter’s capacity in the coming months.
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News
AirAsia eyes ‘local airline presence’ in IndoChina as domestic markets recover
AirAsia Group is exploring options for an airline presence in IndoChina after narrowing losses in its latest financial results and optimism of strong domestic rebound in the markets it serves. In the group’s financial results for the quarter ended 30 September, AirAsia Group president for airlines Bo Lingam states: ...
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News
Norway extends repayment term for airline state-guarantee scheme
Norway has further extended the terms of a state-backed loan guarantee scheme it has granted its carriers. While Norway’s government earlier this month rejected Norwegian’s request for more state aid – a move the struggling carrier cited as a factor when two of its Irish units filed for financial ...
