Strategy – Page 123
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NewsChina’s airlines expected to narrow first-quarter losses amid traffic surge
The Chinese airline industry is forecast to be about CNY30 billion ($4.6 billion) in the red for the quarter ended 31 March, narrowing its losses year on year amid an improvement in “recovery momentum”.
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NewsUS regional carrier ExpressJet plans comeback
ExpressJet, a US regional carrier which ceased operations in September, has requested to resume scheduled service under its own brand.
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NewsDelta loses $1.2bn in Q1, aims for profitable Q3
Delta Air Lines aims to return to profitability in the third quarter as domestic travel ramps up following the year-long coronavirus downturn.
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NewsAir Baltic’s operating loss balloons to €202 million amid crisis
Air Baltic posted a €202 million ($242 million) operating loss in 2020 amid the pandemic, swinging from a €27 million EBIT profit in the previous year.
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NewsRussia’s S7 to sell off Cyprus Airways stake
Russia’s S7 Group is looking to sell its 36.9% stake in Cyprus Airways.
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NewsCommission confirms Maltese approach over Air Malta state aid
European Commission officials have confirmed that the Maltese Government has approached it over a possible state-aid package for national carrier Air Malta.
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NewsSouth Korea’s Aero K launches operations
South Korean carrier Aero K has commenced scheduled domestic flights, becoming the country’s eighth low-cost carrier.
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NewsVirgin Australia adds 737s, restarts hiring amid domestic recovery
Virgin Australia Group will reintroduce 10 Boeing 737-800s into its fleet, as part of a wide-ranging, “fast-tracked” domestic recovery plan which will also see the carrier resume hiring.
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NewsWestJet extends flight suspensions to sun destinations
WestJet has extended its temporary suspension of flights to southern destinations until 4 June as the Canadian air travel industry continues struggling with the coronavirus crisis.
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NewsChina Southern reviewing future of A380 fleet
China Southern Airlines has become the latest carrier to suggest the Airbus A380 might not have a future in its fleet.
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NewsContinued travel restrictions prompt Norwegian to lift capital raise target
Restructuring low-cost carrier Norwegian has increased the range of its planned capital raise in view of the slow opening up of travel markets.
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NewsAir Canada begins to offer refunds for non-refundable fares
Air Canada says it will begin to offer refunds to customers whose flights were cancelled or who did not use their non-refundable tickets due to the coronavirus crisis that has been dragging on for more than a year.
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NewsGermany’s Sundair exits restructuring process
German leisure carrier Sundair has emerged from its ‘protective shield’ restructuring process after five months of reorganisation.
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NewsUnited launches ‘sustainable’ fuel investment scheme
United Airlines has launched “Eco-Skies Alliance”, a programme through which it will allow customers and corporate partners to invest in sustainable aviation fuels (SAF).
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NewsCanada takes equity stake in Air Canada in C$5.9bn bailout deal
The government of Canada will take an equity stake in legacy carrier Air Canada after the company struck a deal for financial support as the coronavirus crisis continues to tear into the airline’s business.
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NewsPorter again delays restart, to 21 June
Canada’s Porter Airlines has once again delayed its restart for another month as travel restrictions in that country continue to disrupt the industry.
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NewsNorwegian reconstruction approved by Oslo court
Norwegian has had its plan for financial reconstruction approved by a court in Oslo, opening the door for the carrier to begin raising fresh capital.
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NewsUK travel-restart plan prompts Jet2 to extend flight suspension
The UK government’s announcement of a framework to reopen international air travel to and from England has immediately prompted Jet2 to extend its suspension of flights until 23 June, amid what it calls a “frustrating” lack of clarity.
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NewsCiting pandemic uncertainty, Air New Zealand delays proposed capital raise
Air New Zealand has postponed a planned capital raise by three months, to give it more time “to assess market conditions” amid the coronavirus pandemic.
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NewsSouthwest recalls all flight attendants
Southwest Airlines has recalled all of the flight attendants who had taken long-term voluntary leave as the airline prepares for a domestic recovery which is progressing faster than expected.