All Strategy news – Page 127
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NewsSpirit’s operational meltdown cost $50m; expects Q3 loss
Spirit Airlines has cut its third-quarter revenue expectations after cancelling thousands of flights due to weather and staffing issues.
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NewsJazeera’s second quarter operating loss widens
Kuwait’s Jazeera Airways’ operating loss widened significantly in the second quarter to KD4.73 million ($15.7 million) as compared to KD1.87 million in the same period in 2020.
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NewsGerman state begins to reduce stake in Lufthansa
Germany’s Economic Stabilisation Fund (WSF) is to sell up to a quarter of the 20% stake it took in flag carrier Lufthansa as part of a state rescue package last summer.
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NewsCanada to require air travellers be fully vaccinated
Canada will require all air, rail and marine passengers to be fully vaccinated against Covid-19 by the end of October.
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Airline BusinessBright spots in second quarter fail to mask continued airline losses
While the airline sector as a whole remains firmly in the red as it struggles to shake free from grip of the global pandemic, recent weeks have seen at least carriers in pockets of the industry post profits of some kind in the second quarter.
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NewsRomania’s Blue Air breaks new ground with Heathrow-Nice service
Romanian low-cost carrier Blue Air is to launch services from London Heathrow to Nice, a move underlining its intent to both operate from primary airports and to expand outside of its home market.
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NewsKorean Air’s operating profit rises on record cargo performance
Korean Air lifted its second quarter operating profit 31% to W197 billion ($174) million on the back of a record performance from its cargo business.
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NewsBrazil’s Azul optimistic about continued recovery
Brazilian airline Azul says business picked up markedly toward the end of the second quarter, and the airline remains positive that the country’s air transport recovery will continue in the coming months.
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NewsCanadian airlines welcome government plan for vaccination passport
Canadian airlines are welcoming the goverment’s plan to create a digital vaccination passport for international travellers, to be rolled out within weeks.
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NewsAvianca submits reorganisation plan to US bankruptcy court
Colombia’s flag carrier Avianca has submitted a reorganisation plan to a US bankruptcy court.
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NewsUS charter carrier Global Crossing Airlines begins passenger operations
Global Crossing Airlines, a charter carrier based in Miami, has begun passenger operations.
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NewsSouthwest cuts third-quarter financial expectations as Covid-19 infections surge
Southwest Airlines has trimmed its third-quarter revenue forecast to reflect declining demand for air travel and a jump in ticket cancellations – both stemming from surging Covid-19 infections.
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NewsWake up: US airlines warn smelling-salt shortage could cause flight cancellations
US airlines are asking regulators to wake up to a shortage of smelling salts, also called ammonia inhalants.
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NewsVirgin Atlantic eyes autumn IPO: report
Virgin Atlantic is preparing an initial public offering in London for this autumn, as it hopes for a return of transatlantic travel, Sky News reported on 8 August.
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NewsFrontier joins United in requiring all employees be vaccinated
Following United Airlines’ lead, Frontier Airlines will require all employees to be vaccinated against the coronavirus from 1 October.
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NewsUnited to require vaccines for all US-based employees
United Airlines is the first US passenger air carrier to require all US-based employees to be vaccinated against Covid-19.
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NewsAtlas Air’s Q2 profit rises as airfreight remains in high demand
Atlas Air Worldwide Holdings boosted its second quarter earnings as demand for air cargo services remains high.
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NewsCopa posts small Q2 profit despite travel restrictions
Copa Holdings, parent of Panama’s Copa Airlines, achieved a small profit during the second quarter of 2021 as operations began to normalise following the long Covid-19-driven disruption.
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NewsQatar Airways grounds 13 A350s over fuselage surface degradation concerns
Qatar Airways has grounded 13 Airbus A350s citing an order from the state’s regulator over concerns that the fuselage surface below the paint is degrading at an accelerated rate.
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NewsSAA closes in on relaunch after operating licence renewed
South African Airways has taken a step closer to resuming operations after the country’s civil aviation regulator renewed the carrier’s operating licence.