Strategy – Page 127
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NewsAzul eyes 40% annual cargo revenue surge
Azul founder David Neeleman anticipates the Brazilian airline’s cargo business will take off in the coming years thanks to booming growth of e-commerce in Latin America.
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NewsSun Country stock debuts with $1.84 billion valuation
Sun Country Airlines began trading on 17 March under the ticker “SNCY” on Nasdaq priced at $33 per share, higher than its original expectation of $21 to $23 per share, giving the low-cost carrier a market value of $1.84 billion.
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NewsAustralian competition watchdog weighs in on Rex-Qantas spat
The Australian Competition and Consumer Commission (ACCC) has weighed in on the ongoing feud between Regional Express and Qantas, noting, among other things, that competition “appears to be increasing, not decreasing”.
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NewsBA bucks European trend with plans to return A380 to service
British Airway intends to return its Airbus A380s to service, making it an exception to a trend away from operating the four-engined superjumbo among its European peers.
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NewsQantas domestic network recovers to pre-pandemic levels
Australian flag carrier Qantas has seen its domestic market share increase from pre-pandemic levels, at the expense of rival Virgin Australia, which entered — and subsequently exited from —administration amid the coronavirus outbreak in 2020.
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NewsCourt allows merger of 321 HNA Group-linked firms as part of restructuring efforts
A court in China has given the green light for the merger of 321 companies linked to troubled HNA Group, including its aviation assets, to speed up restructuring efforts.
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NewsIndigo Partners raises £400m after selling more Wizz shares
Indigo Partners has sold just over half of its 17.5% stake of ordinary shares in European budget carrier Wizz Air through a placement to institutional investors.
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NewsTroubled Nok given extension to submit rehabilitation plan
Thailand’s Central Bankruptcy Court has granted low-cost carrier Nok Air a one-month extension to file its rehabilitation plan.
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NewsSouthwest sees break-even by June
Southwest Airlines hopes to break even by mid-2021 as air travellers return in greater numbers.
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NewsAmerican’s Parker says recovery imminent
American Airlines is optimistic that a sustainable post-coronavirus rebound has begun as customers start to return in greater numbers.
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NewsAmerican deal on track despite JetBlue’s pilot tiff: CEO Hayes
JetBlue Airways remains able to implement a business partnership with American Airlines despite JetBlue’s pilots recently voting down new contract terms.
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NewsJetBlue reports surge in March leisure travel demand
JetBlue Airways has seen a substantial jump in air travel demand during March, with its daily revenue almost doubling – thought the airline has not reached cash-break-even levels.
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NewsJazz pilots agree to Air Canada Express deal
Pilots at Canada’s Jazz Aviation have approved a deal that will allow the company to become the exclusive operator of Air Canada Express flights.
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NewsVirgin Atlantic to receive further shareholder funding
Virgin Atlantic has agreed a further £160 million ($223 million) package of loans and payment deferrals, the majority of which will come from founder Richard Branson’s Virgin Group, as the UK carrier awaits a return to flying later in the year.
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NewsAir Baltic to resume non-EU flights
Latvian carrier Air Baltic is to begin restoring flights outside of the European Union, initially resuming services to the Ukraine capital Kiev.
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NewsJet2 to receive £200 million UK government loan
Jet2 is to access a loan of £200 million ($278 million) from the UK government’s Covid Corporate Financing Facility (CCFF).
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NewsEmirates to deepen TAP Air Portugal codeshare
Middle East carrier Emirates is deepening its codeshare with Star Alliance carrier TAP Air Portugal under a fresh agreement.
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NewsUS regional airlines struggling to secure government pandemic-relief aid: RAA
The US regional airline sector is calling out the US government for months-long delays in the distribution of pandemic-relief funds to the country’s smaller airlines.
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NewsSIA to ‘progressively’ bring 737 Max fleet out of desert
Singapore Airlines will “progressively” return four remaining Boeing 737 Max aircraft to Singapore from storage in Australia, as a cabin retrofit programme gets underway for the type.
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NewsEmbattled Cathay Pacific sees February traffic weaken further
Cathay Pacific expects to carry few than 600 passengers a day in March, while operating a “skeleton passenger flight schedule”, as new crew quarantine measures introduced by the Hong Kong government kick in.