All Strategy news – Page 125
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NewsComair recovery bolstered by capital inflows
South African carrier Comair has secured capital inflows of R270 million ($19 million) following the sale of its SLOW Lounge business to FirstRand Bank for R250 million and the receipt of a R20 million payment from South African Airways (SAA).
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NewsEC clears Italy’s ITA for fresh start after ruling no liability for Alitalia state aid
European competition regulators have cleared a €1.35 billion ($1.6 billion) Italian capital injection into Italia Trasporto Aero (ITA) and ruled the new operation is not liable to repay €900 million in illegal state aid received by national carrier Alitalia.
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NewsFollowing competitors, American trims financial forecast, citing ‘Delta’ variant
American Airlines has joined other US carriers in reducing its earnings forecast for the third quarter as the coronavirus “Delta” variant continues to play havoc with the travel industry.
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OpinionUnited cuts Q3 earnings expectation as ‘Delta’ variant slows bookings
United Airlines has seen “deceleration” of third-quarter income due to increased fear among travellers about the “Delta” variant of Covid-19.
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NewsTransat remains optimistic despite another minimal-revenue quarter
A six-month operational pause left Transat AT with another quarter lacking significant revenue, though more cash has been flowing in since subsidiary Air Transat restarted flights at the end of July.
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NewsJetBlue trims Q3 revenue expectation as Covid impact continues
JetBlue Airways is the latest US airline to trim its third-quarter financial projections in response to booking “softness” due to still-high rates of coronavirus infections.
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NewsUS business-travel rebound still months away: Delta CEO
Not long ago, US airline executives expected a business-travel rebound would take hold this autumn. Now, Delta Air Lines chief executive Ed Bastian says his team thinks the US business-travel rebound will begin later this year or, perhaps, early next year.
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NewsAirAsia Group says sufficient liquidity through 2022, as losses narrow
AirAsia Group narrowed its second-quarter losses on the back of a surge in revenue, as it forecast “sufficient liquidity throughout 2022”.
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NewsPorter restarts service after 18-month shutdown
Canadian regional carrier Porter Airlines restarted flights on 8 September after an 18-month coronavirus-driven pause.
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NewsBamboo Airways to operate Vietnam-USA direct flights on 23 September
Vietnamese carrier Bamboo Airways is expected to operate direct charter flights to the US West Coast from 23 September, after receiving regulatory approval.
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NewsJetBlue appoints Hurley as new CFO
JetBlue Airways has appointed Ursula Hurley to be its new chief financial officer.
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NewsBA must be ‘honest’ about what it needs to compete at Gatwick: Doyle
British Airways chief executive Sean Doyle believes the airline must be “honest” in assessing how it can compete at London Gatwick airport as talks continue on establishing a new lower-cost operation.
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NewsAir Canada Rouge restarts flights
Air Canada’s low-cost leisure subsidiary Air Canada Rouge has restarted flight operations after a seven-month coronavirus-driven pause.
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NewsIraqi Airways releases photos of its first Airbus A220-300
Iraqi Airways has released photos of its first Airbus A220-300, taken at the airframer’s Mirabel facility in Canada.
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Airline BusinessEurope’s airlines acutely aware that winter is coming
There are reasons to be cheerful about Europe’s recent performance. But the outlook for the coming winter season on the passenger side of the business remains awash with uncertainty.
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NewsEU travel rules stymying recovery: IATA
Free movement around Europe is being compromised by the failure of some EU member states to harmonise their Covid-19 entry requirements, holding back the travel industry’s recovery, IATA has warned.
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NewsEuropean carriers report traffic lift in August, but caution remains over winter
Ryanair and Wizz Air both today disclosed their highest monthly passenger numbers since the pandemic hit, but concerns around travel demand in Europe for the winter remain as Jet2 flagged continuing slower booking momentum for the period.
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NewsUS charter carrier GlobalX scores $1.4m in revenue in first month
Global Crossing Airlines, a start-up charter carrier based in Miami, booked 175 operating hours and $1.4 million in revenue during its first month in business.
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NewsEuropean flights again exceeded Eurocontrol’s best-case scenario in August
At 71% of pre-crisis levels, flights were two percentage points ahead of the best-case scenario, which was forecast by the European air traffic manager on 1 June.
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NewsIcelandic start-up Play signs preliminary deals on fleet expansion
Icelandic start-up carrier Play has signed letters of intent with lessors covering six more Airbus A320neo family aircraft.