All Strategy articles – Page 136
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Airline BusinessEasyJet mirrors European airlines in pinning hopes on late summer recovery
If there was a familiar ring to the narrative around EasyJet’s first-half results and outlook today, it’s because in many ways it has already played out across a string of European carriers across the current financial reporting season.
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NewsEasyJet ready to ‘flex up’ capacity after pandemic-hit first-half loss
Low-cost carrier EasyJet expects to fly only 15% of its capacity in the current quarter after posting a pre-tax loss of €701 million for the first half of its fiscal year.
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NewsSIA Group to take 32 deliveries despite very weak demand
Singapore Airlines Group expects to take delivery of 32 aircraft in the coming 12 months including eight Boeing 737 Max 8, although it is uncertain when the type will return to service in the region.
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NewsQantas flags A$2 billion loss amid further job cuts, wage freeze
The coronavirus pandemic is expected to cost the Qantas Group A$16 billion ($12.4 billion) in lost revenue, though airline chief Alan Joyce believes it is “slowly starting to turn the corner”.
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NewsAer Lingus details cuts at Shannon and Cork bases
Aer Lingus is to permanently close its cabin crew base at Shannon airport as part of a series of cost-savings measures after warning there will be redundancies as it emerges smaller from the pandemic.
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NewsEmbattled SIA plunges to record losses in ‘toughest year’ yet
In what it called the “toughest year in its history”, Singapore Airlines Group slumped to a record S$4.3 billion ($3.2 billion) full-year net loss, dragged down hefty impairment costs.
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NewsIceland’s Play to launch with Stansted service in June
Icelandic start-up Play Airlines plans to launch operations next month, debuting on the Reykjavik-London Stansted route.
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NewsNorwegian edges closer to completing financial restructuring
Low-cost carrier Norwegian aims to complete its court-approved financial restructuring later this month after a deadline passed with no objections filed against the plan.
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Airline BusinessAfter several false starts, airline frustration gets thrust to the fore
Virgin Australia chief Jayne Hrdlicka sparked a furore when she said Australians must learn to live with the coronavirus, even if it meant further deaths. While controversial, her comments are understandable, and represent growing frustration in the airline industry for a return to normalcy.
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NewsPorter pushes tentative restart from June to July
Porter Airlines will delay its tentative date for resuming flights to 20 July, marking the 10th time the regional airline has moved the date forward since shuttering its operations at the start of the Covid-19 pandemic downturn in March 2020.
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NewsCathay sees traffic lift in April, though recovery still a long way
Cathay Pacific has warned that it is not seeing any “immediate meaningful improvement” in passenger travel demand, as it discloses another dismal month of traffic figures.
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NewsApollo to offer another 6m Sun Country shares
Apollo Global Management is selling another another six million shares of Sun Country Airlines in a secondary public offering – a move coming two months after a successful initial public offering left the carrier flush with cash and valued at $1.84 billion.
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NewsPremium operator La Compagnie targets June scheduled restart
French all-premium long-haul operator La Compagnie is aiming to resume scheduled transatlantic flights from France to New York in June after what will have been a 15-month break because of the Covid crisis.
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NewsJetBlue outlines CFO succession plan
JetBlue Airways’ head of treasury and investor relations Ursula Hurley will become acting chief financial officer effective 12 June.
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NewsRyanair ‘cautiously’ eyes breakeven this year after €815m loss
Europe’s biggest low-cost carrier Ryanair ‘cautiously believes’ it can be close to breakeven for the financial year ahead after posting a record loss of €815 million ($990 million) for the pandemic hit year to March 2021.
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NewsThai AirAsia eyes year-end international restart amid worsening financial results
Thai low-cost carrier Thai AirAsia has warned that the third wave of coronavirus infections in April will impact its profitability, as it sank deeper in the red amid plunging revenue.
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NewsFAA grants Breeze Airways air carrier certificate
Breeze Airways, the startup airline from aviation entrepreneur David Neeleman, has received its long-awaited air carrier certificate from the Federal Aviation Administration which will allow it to begin passenger revenue operations.
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NewsInvestor scraps plan to acquire Transat: reports
Canadian billionaire investor Pierre Karl Peladeau has reportedly scrapped his effort to acquire Transat AT, the Montreal company that owns leisure carrier Air Transat.
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NewsRebranding Indian low-cost carrier GoAir files for IPO
Indian low-cost carrier GoAir has filed a prospectus with the Indian Capital Markets authority for a planned market listing and is rebranding as Go First.
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Airline BusinessJapanese majors pin recovery hope on low-cost units
Recent announcements from JAL and ANA underscore the importance of low-cost carriers in the broader airline strategy and mark a mindset shift for the two carriers, who were previously wary about growing their low-cost offerings. But given the current pandemic, are the two carriers putting all their eggs in one basket?