All Strategy news – Page 24
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NewsPIA outlines latest restructuring plan to return to profitability
Pakistan International Airlines (PIA) has confirmed that a restructuring plan is in place to return the airline back to profitability, though the coronavirus pandemic has delayed some of these plans.
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Commercial aircraft market should reach equilibrium by 2023: Udvar-Hazy
The commercial aircraft market should return to something more like its historical balance by 2023, following an accelerated retirement and replacement cycle, in the view of Air Lease executive chairman Steven Udvar-Hazy.
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Interview
Steven Udvar-Hazy on the pandemic, environment and airline market recovery
In an exclusive video interview with FlightGlobal, Air Lease executive chairman Steven Udvar-Hazy gives his insight on how the pandemic and environmental pressures are changing the airline industry, when the market might return to some kind of normality and the challenges and opportunities that lie ahead for Airbus and Boeing in future aircraft development.
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Panasonic sees lockdown influence in streaming lift from unlimited Wi-Fi trial
Panasonic Avionics is highlighting a greater propensity for passengers to stream content as one of the learnings from a recent airline trial offering unlimited Wi-Fi connectivity onboard.
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Interview
A-OK at South Korea’s low-cost start-up Aero K
South Korean low-cost start-up Aero K has big plans to become a “global best practice low-cost airline”, but the path to take-off was not an easy one, says airline chief Mike Kang.
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ANA forecasts profit return for year ahead after pandemic losses
All Nippon Airways’ (ANA) parent company expects to swing back to profitability for the current business year, on the back of air travel recovery helped by an improving global economy and vaccine rollouts.
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Steep impairment costs drag troubled Hainan Airlines to record full-year loss
Troubled Hainan Airlines reported a record operating loss for the year ended 31 December, as heavy impairment costs and a steep decline in revenue punished its earnings.
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Profitability will return with business and long-haul travel: United’s Kirby
United Airlines’ chief executive Scott Kirby says that the carrier will not turn a profit until business travellers and long-haul international travellers return in greater numbers.
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Gol sees bookings rise as Covid cases recede
Brazilian airline Gol expects sales to pick up as the second wave of the coronavirus recedes in that Latin American country, and potential customers begin to once again make travel plans.
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Norwegian aims to fly 50 aircraft this year, once restrictions lift
Restructuring low-cost carrier Norwegian plans to ramp-up its operations to a peak of 50 short-haul aircraft this year once travel restrictions are lifted and to reach 70 aircraft next year.
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Lufthansa reducing cash outflow as it looks to possible capital increase
Lufthansa Group has repaid about half the €2.3 billion ($2.8 billion) it drew through German stabilisation measures and is seeking shareholder authority for another possible capital increase. “The timing and amount of a possible capital increase have not yet been decided. It will depend on various factors, not least ...
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Lufthansa to operate 40% capacity this year after posting €1.1bn Q1 loss
Lufthansa Group expects to operate around 40% of pre-crisis capacity across this year after today disclosing an adjusted EBIT loss of €1.1 billion ($1.3 billion) as the pandemic continued to hit traffic in the first quarter.
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Struggling Mango cancels flights today over late payments
South African Airways low-cost carrier Mango Airlines suspended flights today due to payment outstanding to the country’s airports’ operator ACSA , though the latter has since lifted its block on the struggling state-owned airline operating.
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PIA to halve workforce, cut fleet: reports
Pakistan International Airlines (PIA) has reportedly gotten the green light to halve its workforce of 14,000 and cut its fleet to no more than 30 aircraft, amid continued full-year losses.
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Hawaiian Airlines Q1 loss narrows as US mainland passengers return
Hawaiian Airlines says it saw a marked increase in passengers from the US mainland, which helped stem the carrier’s losses for the first quarter of the year.
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JetBlue narrows loss as customers book further ahead
JetBlue Airways has seen “meaningful progress” to a sustainable rebound in the past weeks, as passengers begin to return in greater numbers and to plan further ahead.
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Thai AirAsia plans IPO for capital injection by new investor
Thai AirAsia’s parent company has disclosed a corporate and capital restructuring plan for the airline, which involves listing it on the Stock Exchange of Thailand (SET) to accept a Bt3.15 billion ($100 million) loan from a new investor.
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UK carrier Jet2 to post loss of up to £385m for pandemic-hit year
UK leisure carrier Jet2 expects to post a group loss of between £375-385 million ($521-535 million) for for the 12 months ended 31 March 2021, a year in which its activities have been heavily curtailed by pandemic travel restrictions.
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ANA targets carbon-neutral aircraft operations by 2050
ANA Holdings is aiming to achieve net-zero carbon emissions from aircraft operations by 2050.
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EU approves €462 million of support for TAP Air Portugal
European regulators have cleared a €462 million ($558 million) loan from the Portuguese state to flag carrier TAP, having deemed the support to be within state-aid rules.
