All Strategy news – Page 202
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NewsCathay details flight suspensions caused by coronavirus
London Gatwick, Rome and Washington Dulles are among a raft of international routes that are being suspended until the end of March by Cathay Pacific as it seeks to conserve cash during the ongoing coronavirus outbreak.
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NewsJAL looks to May launch of long-haul, low-cost carrier Zipair
Executives from Boeing, Japan Airlines and long-haul, low-cost offshoot Zipair are talking up the new carrier’s pending launch of passenger flights.
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Airline BusinessHow low-cost carriers have capitalised on Italian airline failures
No European country’s carriers have struggled to secure or retain a leading presence in their own market more than Italian operators, as the collapse of Air Italy further illustrates.
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Airline BusinessWhy did Air Italy fail?
Air Italy’s collapse on 11 February reflects its inability to overcome a number of challenges in an Italian market that continues to be as tantalising for new entrants as it is punishingly tough on them.
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NewsJapanese start-up Zipair indicates plans for transpacific flights
Japanese start-up Zipair is positioning itself as a mid- to long-haul carrier and has plans for transpacific flights.
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NewsRyanair chief marketing officer steps down
Ryanair’s chief marketing officer, Kenny Jacobs, is leaving the airline after six years in the role.
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AnalysisCoronavirus to hit harder than SARS
The coronavirus outbreak may be costing the aviation sector more than the Severe Acute Respiratory Syndrome (SARS) did in 2003, even as the world is just coming to terms with the new strain.
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NewsIcelandair reiterates interest in potential Airbus order
Icelandair intends to decide over “the next few months” whether to introduce Airbus types to its all-Boeing fleet.
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NewsIcelandair counts costs of 737 Max grounding
Icelandair Group estimates that the Boeing 737 Max grounding has had a net negative effect of $100 million on the company’s EBIT to date.
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PodcastAirline Business Podcast – airlines grapple with coronavirus impact
Join executive editor Graham Dunn and managing editor Lewis Harper as they discuss a tough start to the year for airlines
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NewsFranchise partner Airlink steps in to retain four axed SAA routes
Airlink is to continue operating in its own right four of the routes being axed by its franchise partner South African Airways at the end of the month.
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NewsVirgin Australia bows out of Hong Kong market
Virgin Australia has decided to drop Hong Kong services, citing the ongoing civil unrest and the recent coronavirus outbreak. Following a “comprehensive review of the route”, the carrier will cease service on Sydney-Hong Kong from 2 March, after the previously announced suspension of Melbourne-Hong Kong from 11 February. Cirium schedules ...
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NewsSAA slashes network as it strives for profitability
South African Airways is cutting around half of its long-haul routes and almost all of its domestic network, the flag carrier’s “business rescue practitioners” have disclosed as they seek to transform it into a sustainable and profitable business.
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NewsVietnamese conglomerate nixes Vinpearl Air startup
Vietnamese conglomerate Vingroup has abandoned plans to establish an airline known as Vinpearl Air, citing a desire to focus on its core strengths and a potential oversupply in the aviation market.
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NewsKorean Air offloads non-core assets and pledges transparency
Korean Air is selling non-core assets in a bid to “improve its financial position and increase its corporate transparency”. This includes real estate in downtown Seoul and a 100% owned leisure company that operates a resort in Incheon, just outside Seoul. Plans for the assets in question had to be ...
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NewsJAL signs codeshare pacts with MIAT Mongolian and Royal Brunei
Japan Airlines is extending its reach into Mongolia and Brunei through codesharing pacts with their respective flag carriers. JAL says the codeshare with MIAT Mongolian Airlines would cover that carrier’s flights from Ulaanbaatar to Tokyo Narita and Osaka Kansai, starting 31 March. Cirium schedules data show that MIAT flies five ...
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NewsCathay Pacific asks staff to take unpaid leave amid coronavirus fallout
Cathay Pacific is encouraging its employees to take three weeks of unpaid leave, in a bid to save money, after being forced to slash capacity by 30% as a result of falling demand related to China’s coronavirus outbreak.
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NewsQatar Airways in negotiations to acquire 49% of RwandAir
Qatar Airways is in talks to acquire a 49% stake in state-owned RwandAir and is “keen to invest” in Indian low-cost carrier IndiGo when the time is right, the Gulf carrier’s chief executive Akbar Al Baker disclosed today.
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NewsCoronavirus outbreak forces Cathay to slash capacity by 30%
Cathay Pacific and Cathay Dragon will cut 90% of its mainland China flights over the next two months, citing a “consequential significant drop” in market demand owing to the coronavirus outbreak. The two carriers add that there will be “significant reductions” across the rest of their respective networks for the ...
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NewsCebu Pacific expects up to $79 million hit from coronavirus
Cebu Pacific expects the coronavirus outbreak to impact its bottom line by up to Ps4 billion ($79 million). The low-cost carrier estimates that it will see “a Ps3-4 billion swing on profit” should the outbreak remain unabated over the next six months. It makes this estimate based on 2003’s Severe ...