Strategy – Page 148
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NewsAegean Airlines first-half revenue falls by two-thirds
Greek carrier Aegean Airlines saw its earnings collapse by 64% in the first half and is warning that the “least predictable winter ever” lies ahead.
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NewsWizz chief lambasts slot-rule waiver as ‘complete nonsense’
Jozsef Varadi says the waiving of airport slot-allocation rules prevents the central European budget carrier from establishing new operations.
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NewsAirbus chief seeks ‘urgent reframing’ of aviation/climate debate
Airbus chief executive Guillaume Faury argues that the sector’s “role in society” is at risk amid growing calls for a reduction in flights to curb emissions.
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NewsWizz and KLM scale back European capacity amid restrictions
Wizz Air has again reduced its capacity outlook for October while KLM has put its short-haul network expansion plans “on hold” as ongoing coronavirus-related travel restrictions force Europe’s airline sector to apply the brakes to its recovery.
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NewsVaccine key to airline recovery: United’s Munoz
United Airlines executive chairman Oscar Munoz says that a vaccine which will protect travellers against the coronavirus will be key to the industry’s recovery.
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NewsSecond US airline aid package faces ‘tough, tough road’: JetBlue exec
A second tranche of financial aid for US airlines is integral for the health of the industry, New York-based JetBlue Airways president and chief operations officer Joanna Geraghty says.
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NewsUnited introduces coronavirus testing for Hawaii-bound customers
United Airlines will introduce coronavirus testing for passengers in an effort to get customers back in aircraft as the global coronavirus crisis drags on.
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NewsKLM chief questions aims of EU sustainability policies
Pieter Elbers does not “precisely understand what’s the objective” of some Commission targets
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NewsRyanair winter bookings are at ‘10% of normal volumes’: O’Leary
Low-cost carrier Ryanair is attempting to stimulate demand for winter travel by launching a buy-one-get-one-free flight offer and waiving change fees for tickets purchased in October and November, as it reports that bookings for the last two months of the year are significantly down on previous years.
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NewsCMA CGM to take stake in French airline parent in freight push
Shipping transport and logistics group CMA CGM has signed a memorandum of understanding to take a 30% stake in Groupe Dubreuil Aero, shareholder of carriers Air Caraibes and French Bee.
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NewsVolaris shareholders vote in favour of capital increase
Mexican low-cost carrier Volaris has won shareholder approval to raise up to Ps3.5 billion ($164 million) in capital. The airline says it is “evaluating different financing alternatives” after shareholders approved the plan at an extraordinary general meeting on 18 September. Source: Airbus Options under consideration are a ...
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NewsInternational air travel can only be revived by Covid-19 testing: IATA
A systematic pre-flight coronavirus testing regime for all international passengers is the only way to kick-start the airline sector’s recovery, according to IATA.
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NewsRwandAir seeks to acquire freighter
The African carrier is “looking at acquiring a cargo freighter in the near future”, its chief executive Yvonne Makolo tells FlightGlobal.
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NewsUS lawmakers propose additional $29bn in airline support for staff
Two US senators have introduced a bill that would provide airlines with another $28.8 billion in funds earmarked for employee expenses incurred through March 2021.
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NewsLufthansa to mothball entire A380 and A340-600 fleet
Lufthansa Group will put all of its Airbus A380s and 10 of its A340-600s into long-term storage, only to be reactivated in the event of an “unexpectedly rapid market recovery”, and will permanently remove the remainder of its A340-600 fleet from service.
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NewsNew York bankruptcy court green-lights LATAM’s revised financing proposal
LATAM Airlines’ revised debtor-in-possession financing proposal has been approved by a bankruptcy court in New York,
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NewsNorway extends airline loan guarantee scheme until year-end
Norway is to set extend its aviation loan guarantee scheme until the end of the year in a move it hopes will make it more attractive to airlines.
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NewsRyanair cuts October capacity again as restrictions impact deepens
Ryanair is planning to reduce its October capacity by 20%, on top of the 20% cut that it announced in mid-August. The budget carrier now expects to operate at around 40% of its 2019 levels in October, down from 50% previously, although it does project load factors of at least ...
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NewsEasyJet taps TUI aviation head Jarvis for finance role
EasyJet has named TUI Group’s aviation head Kenton Jarvis as its new chief financial officer, where he will team up again with chief executive Johan Lundgren.
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NewsUnion criticises Lufthansa’s launch plan for new leisure unit
German pilot union Vereinigung Cockpit has expressed scepticism about Lufthansa’s planned a new leisure subsidiary Ocean, and intends to oppose efforts by the airline to employ crews without collective labour agreements.