All Strategy news – Page 124
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NewsJetBlue and Spirit vie for 16 available Newark slots
JetBlue Airways and Spirit Airlines have applied with the US Department of Transportation to received more than a dozen newly available take-off and landing slots at Newark Liberty International airport.
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NewsEuropean airline shares rise as US signals full restart of transatlantic travel
The big European network airlines saw their share prices increase sharply on 20 September amid reports that the US government might soon announce a relaxation of its border controls for European visitors.
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NewsLufthansa launches $2.5bn capital raise to repay state support
Lufthansa is launching a €2.14 billion ($2.50 billion) capital raise aimed at strengthening its equity position and repaying part of the German state’s investment in the airline during the crisis.
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NewsUS airlines could miss 2021 profit targets as end-of-year travel demand sags
US airlines may struggle to meet already trimmed 2021 financial targets due to the persistence of Covid-19, which continues eroding demand for autumn and winter travel despite a strong summer period.
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NewsAdministrator sets €290m starting price for Alitalia brand
Administrators for Alitalia will tomorrow launch a tender for the Italian carrier’s brand, having the set the price at €290 million ($341 million) to participate.
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NewsUS government to grant 16 Newark slots to a discount airline
The US Department of Transportation is making 16 take-off and landing slots at Newark Liberty International airport available to a single US low-cost airline.
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NewsAirlines hail scrapping of UK ‘traffic light’ system for travel
Airlines based in and serving the UK have welcomed the decision by the country’s government to simplify its requirements for arrivals at English airports.
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NewsAegean Airlines narrows second-quarter loss
Aegean Airlines has posted a pre-tax loss of €34.8 million ($41 million) in the second quarter ended 30 June, narrowing from a loss of €88.5 million in the year-ago period.
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Airline BusinessWhat now for EasyJet after rejection of Wizz Air takeover?
Reports that Wizz Air was the failed bidder for European low-cost rival EasyJet are perhaps no surprise, given the compatibility of the two operators and the upheaval created by Covid-19, but the failure of the move leaves the latter carrier facing questions about its next steps.
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NewsRyanair raises long-term traffic target as it seeks to capitalise on crisis
Europe’s biggest budget operator Ryanair now expects to carry 225 million passengers by March 2026, an increase of 25 million on its previous expectations.
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NewsAmerican to invest $200 million in Gol, expand marketing pact
American Airlines plans to acquire about 5% of Brazilian carrier Gol’s shares for R1.05 billion ($200 million) as part of a plan by the airlines to expand an existing marketing and codeshare agreement.
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NewsTata Sons among bidders for Air India
Indian conglomerate Tata Sons is among those to submit bids for the renewed attempt to sell Air India, the deadline for which passed today.
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NewsUS court takes Avianca a step closer to emerging from Chapter 11
The US bankruptcy court for the Southern District of New York has approved Colombia flag carrier Avianca’s disclosure statement describing the terms of its reorganisation plan.
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NewsQantas eyes 18 December international restart
Qantas plans to restart some flights to countries with high vaccination rates from 18 December, its clearest indication yet on an anticipated international restart.
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NewsBritish Airways sees Covid as catalyst for service innovation
British Airways responded to the pandemic by using technology to deliver new products and services to the customer, in a bid to improve its offering, cut costs, and minimise the risk of infection. During the AIX online event on 13 September, the IAG-owned airline’s director of brand and customer experience ...
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NewsLangkawi bubble ‘encouraging’ but broader recovery unpredictable: AirAsia
AirAsia reports “very encouraging” demand for flights into the tourist destination of Langkawi, as it ramps up capacity ahead of the island’s reopening to vaccinated domestic travellers.
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NewsSouthwest Airlines president retires; COO to take over
Southwest Airlines’ president Tom Nealon has stepped down from his post effective immediately, the latest senior leadership change at the low-cost carrier.
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Airline BusinessAirline coronavirus recovery tracker: September 2021 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsWizz restores pre-pandemic pilot salaries
Wizz Air will reinstate pilots’ salaries to their pre-Covid levels from 1 October, and is launching a recruitment drive to bring in additional staff as it rebounds from the pandemic.
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Airline BusinessWhy now is the time for airline leaders to grasp new opportunities
Airline Management Group founder Peter Davies believes the industry needs to do more to identify new opportunities during the crisis, whilst managing the immediate balance sheet challenges.