All Strategy news – Page 156
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NewsUS lawmakers agree on long-awaited extension of financial aid
After months of negotiations, US lawmakers in Washington, DC have agreed on an additional $900 billion relief package that gives airlines $15 billion more in payroll support to help them manage through the ongoing coronavirus crisis
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Airline BusinessWill airline failures increase when crisis subsides?
One of the most striking aspects of what is the deepest and most sustained crisis to ever hit commercial air transport is that it has resulted in relatively few airline collapses thus far.
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NewsFresh Europe travel restrictions ‘worst possible timing’ for airlines: analysts
New restrictions on travel to and from the UK amid concerns over a new Covid-19 variant are the “worst possible timing” for airlines expecting a desperately needed boost in fortunes over the holiday period, in the view of analysts at Bernstein.
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NewsHard-hit Latin American airlines set for an uneven recovery
Latin American airlines’ climb out of the coronavirus-driven downturn will likely be bumpier than their peers on other continents. Economic instability coupled with widely divergent travel restrictions, newly imposed taxes and a lack of government financial aid will make for an uneven recovery.
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Airline BusinessWhy wider airline consolidation may have to wait
IAG has reportedly agreed fresh terms to acquire Spanish carrier Air Europa, but further deal activity across the industry may be delayed by the crisis.
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NewsRex slams Qantas for ‘opportunistic’ regional market expansion
Australia’s Regional Express has alerted the country’s competition watchdog on what it called an “opportunistic strategy of flooding the regional airline market with excess capacity” by rival Qantas.
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Airline BusinessCan Chinese carriers build on domestic strength to make international recovery?
With Chinese carriers securing domestic recovery, the new year will bring an industry raring to recapture lost international share, with new players added to the fold.
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NewsUnited Airlines launches contact tracing for all flights
United Airlines is introducing contact tracing for all of its flights as the coronavirus pandemic continues to unsettle customers who are wary about spending time in close proximity to strangers on an airplane.
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NewsKazzaz to succeed Rousseau as Air Canada chief financial officer
Air Canada has named Amos Kazzaz as its new chief financial officer, replacing Michael Rousseau who will be taking the role of chief executive officer at the Montreal-based carrier in February.
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NewsSouthwest raises daily cash burn estimate for fourth quarter
Southwest Airlines has raised its average daily cash burn expectations for the fourth quarter as the air travel recovery stalls following exploding coronavirus case counts across the United States.
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NewsCathay expects ‘significantly higher’ second-half loss
Cathay Pacific Group anticipates a “significantly higher” loss for the six months ending 31 December, as passenger travel demand continues to remain in the doldrums.
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NewsChina Eastern unit OTT Airlines to commence operations with three ARJ21s
OTT Airlines, the newly-launched subsidiary of China Eastern Airlines, will begin operations with a fleet of three Comac ARJ21 regional aircraft.
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NewsHainan tops up working capital with unused aircraft capex
Hainan Airlines Holding is channelling away funds earmarked for aircraft purchase into permanent working capital.
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NewsChina’s ‘Big Three’ see passenger traffic drop for first time in months
After consecutive months of steady recovery, China’s three largest carriers reported their first domestic traffic slump in November — the first in more than half a year, with at least one carrier blaming a resurgence in domestic coronavirus cases for the decline.
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NewsChina Airlines takes first 777F
China Airlines has taken delivery of its first Boeing 777 freighter, as it sets its sights on expanding its cargo business in the coming year.
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NewsEtihad inaugurates Boeing 787-10 used as ecoDemonstrator
The Boeing 787-10 aircraft used for this year’s ecoDemonstrator programme has been inaugurated into Etihad’s fleet.
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NewsTransat warns of ability to remain ‘going concern’, eyes Air Canada lifeline
Transat AT, owner of Canadian leisure carrier Air Transat, has warned investors about its ability to remain in business “as a going concern” if a planned acquisition by Air Canada falls through.
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NewsVirgin Atlantic cancels launch of Delhi and Mumbai flights from Manchester
Virgin Atlantic has cancelled the launch of services between Manchester airport and the Indian cities of Delhi and Mumbai. “We are continuously reviewing our flying programme and in response to the ongoing impact of Covid-19 we have made the difficult decision to withdraw our Manchester to Delhi and Mumbai services, ...
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Airline BusinessWill Europe’s low-cost airlines lead the region out of the crisis?
The possibility that vaccines might begin to have a genuine impact on controlling the pandemic in Europe by the end of the first quarter of 2021 has changed the narrative.
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Airline BusinessTurbulence in South America’s airline industry will pass
Gol chief financial officer Richard Lark explains how current woes are being exacerbated by pre-pandemic overcapacity, but that they will be overcome in a region used to handling crises