Strategy – Page 130
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NewsQantas, Rex regional turf war heats up
Australia’s Regional Express (Rex) has waged a war of words with arch-rival Qantas over the latter’s regional network expansion, as it prepares to commence mainline domestic operations in the coming weeks.
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NewsAsiana modifies two passenger A350s for freighter operations
Asiana Airlines has modified two Airbus A350-900 passenger jets for freighter operations as part of plans to grow its cargo business.
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NewsAirAsia’s Fernandes offers rose-tinted outlook
AirAsia Group chief Tony Fernandes is optimistic that the AirAsia Group, which has been hard hit by coronavirus pandemic, will “potentially” achieve full recovery “within the next two years”.
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NewsMexico’s low-cost Volaris tracks ‘strongest recovery’ in the industry
Mexican ultra-low-cost carrier Volaris is on track for one of the fastest recoveries in the industry even though the coronavirus continued to drag on results in the fourth quarter 2020, the airline says on 19 February.
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NewsAtlas reports $495 million profit for 2020
Atlas Air Worldwide Holdings generated an operating profit of $495 million for the full year 2020 despite the coronavirus pandemic downturn making it the worst year in history for air cargo demand, reversing its fortunes from an operating loss of $461 million in 2019.
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NewsQatar pitches touchless IFE initiative to allay post-Covid travel concerns
Qatar Airways is highlighting its steps towards offering full touchless in-flight technology onboard its aircraft in a further sign of how airlines are adapting their product and marketing in light of customer sensitivities to flying in the post-pandemic environment.
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NewsAir France-KLM aims to emerge leaner from Covid-19
Air France-KLM has warned that, with no sign of a recovery from currently dire trading conditions, it plans to shrink and become a leaner, more efficient outfit.
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NewsFinnair looks to summer recovery as loss run continues into 2021
Finnair expects first quarter losses to be comparable to the levels lost in the three quarters since the pandemic hit after today disclosing a full-year operating loss of €595 million ($718 million).
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NewsAir France-KLM braced for tough first quarter after €7bn loss in 2020
Air France-KLM is warning of an even more challenging first quarter of 2021 before it hopes to lift capacity in the summer after today posting a group net loss of €7.1 billion ($8.6 billion) for the pandemic-hit 2020
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NewsAeromexico sees ‘encouraging signs’ for 2021
Despite significant 2020 losses and an ongoing bankruptcy proceeding, Grupo Aeromexico, the parent of Aeromexico, sees “encouraging signs of recovery”.
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NewsJetBlue pilots reject union support for American codeshare
JetBlue Airways pilots represented by the Air Line Pilots Association, International (ALPA) union voted to reject a tentative agreement to give the carrier contractual relief for its codeshare with American Airlines, seeking more job security as the airline partnership nears completion.
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NewsQantas, China Eastern partnership extended to 2023
Australia’s competition watchdog has allowed Qantas and China Eastern Airlines to extend their strategic partnership until 31 March 2023, pointing out that the alliance will help both carriers navigate a post-pandemic demand recovery.
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NewsAt 6% of flights, long-haul services emit 51% of CO2: Eurocontrol
Long-haul services departing European airports accounted for more than half the CO2 emissions from all operations in 2020, despite making up just 6% of flights, according to Eurocontrol data.
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NewsTransat-Air Canada deal in limbo
The planned acquisition of Transat AT by Air Canada continues to be in limbo after the terms of the deal expired on 15 February without the necessary approvals in place to complete the transaction.
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NewsASL orders 10 more 737-800 converted freighters
Irish airline group ASL Aviation Holdings has ordered another 10 737-800 Boeing Converted Freighters (BCFs), bringing to 21 the number of those jets it intends to acquire. The orders are conversions of previously held options. ASL, based near Dublin, took those options alongside a firm order for 10 737-800BCFs that ...
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NewsJeju Air annual loss up tenfold as revenue falls 73% in 2020
South Korean carrier Jeju Air has posted a full-year operating loss of W336 billion ($305 million) for 2020, compared with a much smaller loss of W32.9 billion the previous year.
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NewsGovernment to retain majority stake after Air NZ’s equity raise
New Zealand’s government has confirmed its commitment to retain a majority stake in flag carrier Air New Zealand following a proposed equity capital raise.
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NewsAir Canada ends ‘undeniably grim’ year with Q4 loss of C$1.2bn
Air Canada ended 2020 with a fourth-quarter loss of C$1.2 billion ($950 million), closing a year the company’s outgoing chief executive calls “undeniably grim”.
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NewsAir Canada ‘confident’ that government aid is coming
Air Canada’s chief executive is “confident” that the government of Canada will offer airlines a sector-specific financial aid package – the type of support for which the industry has clamoured since the coronavirus pandemic began.
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NewsJet2 raises £422m to guard against ‘unpredictable shutdown’
Jet2 has raised £422 million ($582 million) through an equity issue aimed at ensuring it has sufficient liquidity in the event of an “extended and likely unpredictable shutdown”.