All Strategy news – Page 97
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Airline BusinessAirlines move on from Covid-19 at IATA AGM – but to where?
It felt like the airline industry was grappling with two competing narratives during the IATA AGM in Doha this week.
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NewsHigh fuel prices force Qantas to further trim domestic capacity
Qantas Group will cut domestic capacity from July through March 2023 amid cost pressures from high fuel prices, though international capacity will remain unchanged for now.
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NewsUS DOT tentatively approves LATAM-Delta joint venture
The US Department of Transportation (DOT) has tentatively approved a proposed joint venture between Delta Air Lines and LATAM Airlines Group, more than two years in the making, but places certain conditions on final antitrust immunity for the deal.
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NewsRisks and uncertainties persist despite IATA’s brighter economic outlook
While IATA struck a positive tone in trimming its loss forecast for the coming year this week at its AGM in Doha, the wider economic headwinds which are gaining strength means downside risks far outweigh the potential for upsides.
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NewsNew Pegasus chief hails tourism rebound and ‘game-changing’ A321neos
Turkish budget carrier Pegasus is on track to reach pre-Covid capacity levels for the full year amid strong demand for inbound tourism, according to the airline’s new chief executive Guliz Ozturk.
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NewsAirports chief tells IATA to stop ‘pointing fingers’ on charges and seek reform
The head of global airports association ACI World has described IATA’s expectations on airport charges as “unrealistic”, as he reiterated calls for regulatory reform on the issue and a joint approach to tackling industry taxation.
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NewsKorean ponders move for new freighters
Korean Air is considering a move for the new widebody freighters launched by Airbus and Boeing in recent months as it continues to position itself for strong cargo demand.
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NewsSkyWest applies to launch charter subsidiary
US regional carrier SkyWest Airlines has applied to the Department of Transportation (DOT) to operate 30-seat Bombardier CRJ200s to 25 destinations under a charter subsidiary.
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NewsKorean Air eyes key Asiana merger approvals by year-end
Korean Air chief executive Walter Cho is hopeful of securing the necessary approvals from the US and European Union competition regulators for its merger with Asiana by the end of this year.
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NewsDefiant Walsh says airline industry can handle coming headwinds
IATA director general Willie Walsh insists the airline industry can handle the lengthy list of headwinds coming its way as the Covid-19 recovery ramps up.
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NewsRisk of ‘massive travel disruption’ if 5G deployed in USA in July 2023: IATA
Airline association IATA has warned that carriers are unlikely to be prepared for the deployment of C-band 5G in the USA in July 2023 based on current progress, creating the risk of significant travel disruption if the rollout goes ahead as planned.
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NewsKenya Airways chief sees ‘very promising’ summer as demand picks up
Kenya Airways chief executive Allan Kilavuka sees “very promising” bookings for the summer as the carrier steps up operations out of the pandemic, though demand for intra-African travel is lagging the recovery seen on its European routes. The airline’s capacity was down about two-thirds on pre-crisis levels last year amid ...
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NewsBreak-even unlikely in 2022 amid cost pressures: Malaysia Airlines chief
Malaysia Airlines is unlikely to break even this year, as a result of “multiple headwinds” confronting the carrier, including inflation and high fuel prices.
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NewsEmirates chief rates industry challenges 9/10 but sees demand resilience
The headwinds faced by the airline industry today are “very challenging”, in the view of Emirates Airline president Tim Clark, but indications are that demand can withstand the battering for now.
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NewsLong-term goal to be publicly listed: Virgin Australia chief
Virgin Australia’s long-term goal strategy remains to be publicly listed, confirms airline chief Jayne Hrdlicka, as the airline rebounds to profitability.
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NewsCathay plans hiring spree as airline anticipates network ramp-up
Cathay Pacific is looking to fill 4,000 roles across various sectors in the next two years, as the airline resumes flights to more points across its network with restrictions gradually easing up in its home city of Hong Kong.
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NewsA350-1000 ‘too small’ to top Airbus range: Emirates chief
Emirates Airline president Tim Clark has again expressed concern about how airlines will cope with rising demand in the future without recourse to new Airbus A380-sized jets, warning that ticket prices could eventually rise as a consequence of fewer seats being available into slot-constrained airports.
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NewsAir Baltic chief sees potential role for Airbus A321XLR
The Airbus A321XLR is of interest to Air Baltic in the longer term, according to the carrier’s chief executive Martin Gauss, as the carrier considers options to extend its reach.
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News‘Nightmare is becoming reality’ on airport charges: IATA chief
IATA director general Willie Walsh has called on governments to ‘show backbone’ and reject airport requests to increase their charges to airlines.
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NewsIATA trims industry loss expectations for 2022 to $9.7bn
IATA director general Willie Walsh believes a return to profit across the industry is possible in 2023 after the association cut back its estimate of airline losses for this year to $9.7 billion.