All Strategy news – Page 150
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NewsUS government considers third aid package for airlines
The US government is considering a further $15 billion in payroll support for aviation workers as the industry hopes for recovery this year.
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NewsAir travel could fully recover by late 2022: analyst
A leading aerospace analyst is predicting that airline passenger traffic will return to 2019 levels by the end of 2022 – one to two years sooner than predicted by others.
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NewsPre-Covid hub and fleet plans still hold up: Emirates chief
Emirates Airline will bounce back strongly from the Covid-19 crisis without any fundamental changes to its business model, according to the operator’s president Tim Clark, with its mix of widebody aircraft enabling it to take advantage of likely supply-side shortages in the coming years.
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NewsEthiopian Airlines may resume 737 Max operations in July
African carrier Ethiopian Airlines is satisfied with modifications made to the flight-control system of the Beoing 737 Max and may bring the type back into service in the upcoming summer season, according to the carrier’s chief executive Tewolde Gebremariam.
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NewsMesa defers revenue from mainlines amid $27m first-quarter profit
The parent company of Mesa Airlines reported an operating profit of $27 million during its first quarter of 2021 as it plans to continue to allow its mainline customers to defer payments to aid their recovery during the ongoing coronavirus pandemic. The Phoenix-based regional carrier’s operating profit was roughly flat ...
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NewsSIA swaps 787s for more 777-9s in S$4 billion capex deferral
Singapore Airlines Group has made significant changes to its order book — by swapping Boeing 787-10s for more 777-9s — in a move that sees it defer more than S$4 billion ($3.01 billion) in capital spending by about three years.
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NewsTUI sees vaccine roll-out key to sparking summer travel
Travel firm TUI Group is taking encouragement that a rapid roll-out of vaccines will help fuel a return to travel even as its latest quarterly results showed the company continuing to be hammered by the Covid-19 pandemic.
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NewsSun Country Airlines files for IPO
US leisure travel specialist Sun Country Airlines has applied to go public, according to a filing with the Securities Exchange Commission (SEC).
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NewsFleet cuts prompt dispute with pilot union at Swiss
Swiss has walked away from labour talks with pilot union Aeropers and terminated a collective agreement with the body amid a dispute over planned restructuring in response to the pandemic.
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NewsAustrian plans further restructuring amid stalled recovery
Austrian Airlines is planning to implement further restructuring measures in response to lower-than-predicted travel demand amid the current wave of Covid-19 infections. The Lufthansa Group carrier says it is currently operating around 15% of pre-crisis capacity. It had previously forecast that the level would reach 50% during the winter season ...
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NewsAeroflot losses hit $1.3 billion in 2020
Russian flag carrier Aeroflot incurred a net loss in 2020 amid slumping revenue as passenger numbers were hammered by the Covid-19 crisis.
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NewsCanadian operators West Wind and Transwest to consolidate as Rise Air
West Wind Aviation and Transwest Air will consolidate and rebrand as Rise Air to adapt to the travel downturn of the coronavirus pandemic and provide charter flights to western and northern Canada pending regulatory approval.
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NewsSkyWest loses $46 million in fourth quarter with reduced flight schedules
SkyWest Airlines says it lost $46 million in the fourth quarter of 2020, as reduced flight schedules and lower demand from its mainline airline partners continued to challenge the regional carrier.
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NewsStrong cargo demand helps Singapore Airlines cut Q3 loss
Singapore Airlines Group narrowed its third-quarter operating loss, as stronger cargo performance helped offset any further revenue loss from a pandemic-led collapse in passenger travel demand.
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NewsChina Eastern’s parent to pump in up to $1.67bn via A-share issue
China Eastern Airlines’ controlling shareholder CEA Holding will inject up to CNY10.8 billion ($1.67 billion) into the airline by purchasing nearly 2.5 billion of newly issued A-shares, in a move the Shanghai-based carrier says will provide “strong financial support” for it to develop its business to cope with the impact of Covid-19.
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NewsSmaller Chinese carriers expect comparatively modest 2020 losses
The financial losses expected by three of China’s smaller carriers in 2020 are dwarfed by losses expected at the “Big Three” and troubled Hainan Airlines.
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NewsAllegiant Q4 loss is $29m, sees recovery ‘on the horizon’
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air, sees a post-coronavirus recovery “on the horizon” with customer travel intention steadily rising following almost a year of coronavirus-driven inertia.
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NewsAmerican warns of more layoffs as expected summer travel demand falls short
Citing the slow pace of vaccinations and new travel restrictions, American Airlines has warned 13,000 workers they might be laid off after government aid expire on 31 March.
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NewsAirline passenger traffic saw sharpest decline in history during 2020
The coronavirus-ravaged airline industry experienced its sharpest-ever decline in passenger demand during 2020, as global traffic fell 65.9% from 2019 levels, according to full-year data released by IATA today.
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Airline BusinessHNA Group’s years of debt-fuelled acquisitions end in shambles
It may have started life as an aviation group, but by the time creditors showed up with bankruptcy filings, China’s HNA Group was a massive conglomerate with broad interests; from property to logistics; from aviation to financial services, the company had a finger in every pie.