All Strategy news – Page 134
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NewsLufthansa eyes positive cash flow in Q2
Lufthansa Group is reporting a significant surge in air travel bookings and predicting positive cash flow in the second quarter of 2021 thanks partly to its restructuring.
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NewsAir Antwerp becomes latest Covid-19 casualty
Belgian regional carrier Air Antwerp has ceased operations.
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NewsIrish regional Stobart Air ceases operations
Struggling Irish regional carrier Stobart Air has terminated its franchise agreement with Aer Lingus and is to cease operations following the collapse of a proposed purchase of the airline.
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NewsEC evaluating when 80:20 slot rules will apply again
European regulators are continuing to evaluate slot rules for the coming winter season in light of likely lower traffic volumes as European transport commissioner Adina Valean says it is too early to say when the 80:20 use-it-or-lose-it slots rules will return.
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NewsTime for action on reopening UK-US market: Gallego
IAG chief executive Luis Gallego is calling for action in re-opening the US-UK aviation market after plans for a taskforce to study the opening up of the market emerged.
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NewsAir Mauritius administrators secure delay to creditor meeting
Administrators of Air Mauritius have secured a further postponement to the deadline for presenting a plan of reorganisation to the carrier’s creditors.
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NewsAir Montenegro launches scheduled flights
Successor carrier Air Montenegro has begun scheduled commercial flights today, launching with a service from Podgorica to Belgrade.
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NewsTransat limps out of fiscal Q2, hopes to restart operations on 30 July
Transat AT, the parent company of Canadian leisure airline Air Transat, continues to struggle as its operations remain suspended amid uncertainty about when Canada will lift its pandemic-driven travel restrictions.
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NewsEurope’s airline leaders call for ‘gradual lifting of all travel restrictions’
The chief executives of Europe’s largest airline groups have called for governments to “gradually lift” all travel restrictions during the summer.
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NewsUnited Airlines forms venture-capital arm to advance clean-energy technology
United Airlines has formed an investment company called United Airlines Ventures, through which the carrier intends to invest in emerging clean-energy technologies.
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NewsHong Kong Airlines goes to ‘critical survival mode’, flying only eight jets
Hong Kong Airlines (HKA) will stand down its fleet of Airbus A320s until mid-2022 and operate a skeletal fleet of just eight A330s on cargo flights, as the embattled carrier enters what it calls “a critical survival mode”.
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NewsJetBlue sees Q2 capacity down 15% compared to 2019
JetBlue Airways expects second quarter capacity to be 15% lower than during the same period in pre-coronavirus 2019 as the airline gears up for progressively higher demand as vaccination rates rise and fears around Covid-19 fade.
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NewsCanada ditches government hotel-stay quarantine for vaccinated citizens
Canada plans to allow vaccinated citizens and permanent residents arriving from abroad to bypass the mandatory quarantine in a government-authorised facility, a first tentative step as in the country’s re-opening to international travel.
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NewsIATA unhappy at wider picture but welcomes reopening of France and Spain
IATA has welcomed moves by France and Spain to relax border restrictions this week, as it continues to lament the lack of harmonised measures to facilitate a wider reopening of international air travel markets
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NewsWestJet chief executive Sims to retire at the end of 2021
WestJet chief executive and president Ed Sims will retire at the end of the year, citing family reasons.
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NewsGaruda Indonesia negotiates with lessors for return of up to 50 jets
Garuda Indonesia has shed more light on its operating circumstances, including on the skeletal fleet it is operating amid the coronavirus pandemic, as well as measures taken to cut costs.
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NewsAirAsia’s first dedicated freighters to begin operations in Q3
AirAsia will operate its first dedicated cargo aircraft — a Boeing 737-800 freighter — in the third quarter of the year, as the low-cost giant doubles down on expanding in the region’s fledgling cargo market.
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NewsDomestic Covid-19 resurgence to push Rex to full-year loss
Australia’s Regional Express has revised its full-year earnings forecast — from breaking even to a pre-tax loss — as a resurgence in coronavirus cases has forced a significant number of flight cancellations.
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NewsGol acquires regional operator MAP for R$28 million
Brazilian low-cost carrier Gol will acquire compatriot and regional operator MAP Linhas Aéreas, in a R$28 million ($5.56 million) deal that will give Gol a boost in its domestic network.
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NewsRestructuring ‘deemed necessary’ to help Hong Kong Airlines stay afloat
Embattled Hong Kong Airlines (HKA) has hinted at restructuring into a “leaner and more efficient” carrier, as the coronavirus pandemic worsens its shaky financial situation.