Strategy – Page 122
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NewsSouthwest swings to Q1 profit, ‘the worst is behind us’
Southwest Airlines made a profit in the first quarter thanks to federal payroll support payments, but says passenger demand remains “inconsistent by region” as the airline shuffles its fleet to meet fluctuating demand.
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NewsAmerican sees aviation rebound 'accelerating'
American Airlines sees the pace of the aviation industry rebound “accelerating” as shifts in customer travel behaviour have forced the carrier to be exceedingly flexible when planning its fleet.
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NewsRyanair chief Wilson hopeful of ‘extended summer’
Ryanair chief executive Eddie Wilson remains optimistic of a strong lift in air travel in Europe this summer and expects consumers will extend holiday plans later into the year
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NewsAlaska stems losses in Q1, buoyed by US government funds
Alaska Air Group lost $131 million in the first quarter of 2021, a significant improvement from the previous quarter thanks largely to pandemic-related US government aid.
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NewsIAG commits to 10% sustainable fuel use by 2030
IAG has pledged to power 10% of its flights with sustainable aviation fuel (SAF) by 2030, a goal that it says will allow it to cut its annual CO2 emissions by two million tonnes.
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NewsSpirit anticipates positive earnings in 2021
Spirit Airlines is optimistic that it will be one of the first carriers to pull out of the coronavirus-driven industry crisis as leisure travellers begin to return and book vacations in greater numbers.
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NewsAviation leaders ask for mask mandate extension, reopening to tourists
Aviation leaders have asked the US government to extend a national mask mandate aboard aircraft and in airports, and to develop a robust plan to reopen the country to foreign visitors.
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NewsEmirates boss Clark confident premium seats will be filled
Emirates Airline president Tim Clark believes airlines will be able to fill business-class and premium-economy seats following the pandemic even if demand for corporate travel remains depressed.
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NewsIATA deepens industry loss forecast for 2021 on slower recovery
IATA has deepened its forecast for airline net losses in 2021 to $47.7 billion due to the slower than hoped for recovery in air travel from the pandemic.
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NewsPremium travel market changed by pandemic: Virgin Atlantic chief
Virgin Atlantic chief executive Shai Weiss expects that although business and premium leisure travel will rebound after the pandemic, it will be “in a new format”.
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NewsAmerican recalls pilots, will hire up to 900 more by end-2022
American Airlines is recalling all of its pilots ahead of what the carrier anticipates will be a busy summer travel season.
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NewsInternational capacity rise helps support Aeromexico Q1 results
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, says a small rise in international capacity is helping the airline slowly recover from the coronavirus crisis as it continues to work through bankruptcy protection proceedings.
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NewsIATA chief sees airlines ‘more cautious’ in post-pandemic networks
A focus on tackling the mounting debt burden is likely to result in airlines adopting a more cautious approach to building back their networks post-pandemic, believes new IATA director general Willie Walsh.
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NewsEasyJet keeping one eye on growth: chief
EasyJet remains in expansion mode and is laying the groundwork to achieve this over the coming years, according to the UK low-cost carrier’s chief executive Johan Lundgren.
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NewsAirline industry is ‘up for the challenge’ on environment: Walsh
New IATA director general Willie Walsh cites continued airline investments in sustainability initiatives – despite the financial pressure from the global pandemic – as evidence for his confidence the industry can meet the challenge of cutting its greenhouse emissions.
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NewsJuneyao latest Chinese carrier to suffer losses in 2020
Chinese carrier Juneyao Air was loss-making in 2020, much like its larger, state-owned compatriots, which have also saw their profitability punished by the impact of the coronavirus outbreak.
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NewsUnited loses $1.4bn in Q1, sees path to profitability
United Airlines lost $1.4 billion in the first quarter but sees a path to profitability as customers return to air travel in greater numbers.
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NewsAir Nostrum seeks €103 million of government aid
Spanish carrier Air Nostrum is seeking €103 million ($124 million) of government financial support due to the impact of the pandemic on its operations.
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NewsUK regulator clears path for JetBlue transatlantic debut
UK regulators have cleared JetBlue Airways to launch flights to London from New York and Boston, a further step in the carrier’s plans to begin transatlantic services this year.
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NewsSmith sees Transavia as key tool to counter loss of Air France’s Orly slots
Air France-KLM group chief executive Ben Smith believes the flexibility union agreements have given it to develop low-cost unit Transavia at Paris Orly provides the group with a tool to help offset the loss of slots at the airport.