Strategy – Page 133
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NewsHawaiian Airlines posts Q4 loss as travel restrictions remain
Hawaiian Airlines reported a fourth-quarter loss of $172.8 million as the ongoing global coronavirus crisis and ensuing strict travel restrictions in its home state continue to create hardship for the business.
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NewsAlaska posts $316mn Q4 loss, sees mixed bag for 2021
Alaska Air Group lost $316 million in the fourth quarter of 2020, and is preparing for a mixed bag in the current year as the coronavirus crisis drags on.
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NewsCO2 emissions track falling air traffic in Europe but with ‘variation’
Flights across European airspace in 2020 saw a fall in CO2 emissions that was largely in line with declining flight numbers, according to data released by Eurocontrol.
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NewsDOT faces new pressure to halt implementation of American-JetBlue joint business
The US Department of Transportation (DOT) is receiving more pressure to reexamine an already-approved revenue-sharing partnership between American Airlines and JetBlue Airways.
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NewsQuarantine moves prompt Cathay to flag higher cash burn and capacity cuts
Cathay Pacific Group expects monthly cash burn to increase by around HK$300-400 million ($38.7-51.6 million), following the Hong Kong government’s decision to impose mandatory quarantine measures on all flight crew entering the city for more than two hours.
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NewsUS airlines ask DOT to lead global Covid-19 testing programme for travellers
The US airline sector is urging the Department of Transportation to lead the creation of global Covid-19 testing standards for international travellers.
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NewsStalled recovery prompts KLM to deepen job cuts
Dutch carrier KLM is to cut up to 1,000 more jobs as a result of the later then expected recovery in travel demand from the pandemic.
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NewsRestructuring Thai Airways and Asiana offload non-core subsidiaries
Thai Airways International and Asiana Airlines, both undergoing restructuring, have disclosed details about selling off non-core subsidiaries.
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NewsMalaysia Airlines gets UK court green light for creditors’ meeting
Malaysia Airlines’ parent company has been given the green light by the UK courts to commence a “major component” of its restructuring programme, which it hopes to wrap up by the end of the first quarter of this year.
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NewsUnited posts $1.9b Q4 loss ahead of ‘transition year’
United Airlines lost $1.9 billion in the fourth quarter of 2020 but is preparing for a “transition year”, following the devastating effects of the global coronavirus pandemic on the airline’s business and the industry as a whole.
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NewsDOT seeks to collect more ticket data from more US airlines
The US Department of Transportation (DOT) intends to collect additional passenger ticket data from airlines as part of an overhaul of its Origin-Destination Survey.
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NewsIAG aims to seal revised Air Europa purchase in second half
Iberia parent IAG has confirmed it has struck an amended agreement with Globalia to acquire Air Europa for €500 million, half the price envisaged when the deal was originally agreed in November 2019.
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NewsChina Eastern sees senior management reshuffle
China Eastern Airlines vice president Jiang Jiang has resigned from his role, amid broader senior management changes that will see replacements in its supervisory committee.
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NewsHSBC slashes first-half outlook for Europe’s carriers
Prospects for Europe’s airlines in the first quarter of 2021 have deteriorated notably in recent weeks, but bank HSBC expects intra-European and possibly transatlantic passenger numbers to bounce back for the summer season.
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NewsVirgin Australia shakes up management team under new chief
Virgin Australia has announced six appointments to its 10-member executive leadership team, under new chief executive Jayne Hrdlicka.
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NewsChina's 'Big Three' cap off 2020 with lower passenger traffic results
China’s three largest carriers reported year-on-year declines in their full-year traffic results for 2020 as the coronavirus outbreak impacted travel demand, particularly in their international networks.
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NewsUS airlines begin tapping into government aid
The US government has begun disbursing $15 billion in payroll assistance to airlines, which have been eagerly awaiting the financial relief ever since an earlier programme expired in September.
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AnalysisUS airline unions seek mask mandate from Biden
US president-elect Joe Biden after his inauguration on 20 January plans to enact a federal mandate for interstate travellers on aircraft, trains and buses to wear masks after the Trump administration refused petitions from both airlines and pilot unions to order a mask rule.
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NewsDelta Air Lines’ 2020 loss tops $12 billion in ‘toughest year’
Delta Air Lines reported a fourth-quarter net loss of $755 million as the carrier endured what the it calls “the toughest year in Delta’s history”.
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NewsAerospace leaders see clearing skies, eye post-Covid air travel boom
Things might get worse for the global aerospace industry before they get better. But the industry will recover, likely starting this year, thanks to vaccine distribution and pent-up demand for air travel.