Strategy – Page 96
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NewsTata formally takes the reins of Air India
Indian conglomerate Tata Group has formally completed its acquistion of Air India.
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NewsEasyJet load factors clipped by Omicron but still positive on summer bounce
UK low-cost carrier EasyJet is still expecting a return to pre-crisis capacity levels during the peak summer season this year after Omicron clipped its recovering load factor in December.
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NewsChina Airlines orders four more 777Fs amid record cargo performance
China Airlines has placed an order for four additional Boeing 777 freighters, with deliveries slated to begin from 2023.
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NewsHawaiian narrows Q4 loss; sees international recovery later in 2022
Hawaiian Holdings, the parent company of Hawaiian Airlines, says fourth-quarter losses narrowed as tourists returned to the Pacific Ocean archipelago in greater numbers toward the end of 2021.
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NewsIATA warns of airfare impact as high jet fuel prices push up airline operating costs
High Jet fuel prices will prompt air fares to rise this year if current trends continue, according to global airline association IATA.
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NewsAirbus nixing of Qatar order ‘worrying’ amid need for airframer competition: IATA chief
The director general of IATA has described Airbus’s cancellation of a Qatar Airways A321neo order as a “worrying development”, as he highlighted the airline industry’s desire for “healthy competition” between the two big airframers.
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NewsBusiness travel will not return to pre-pandemic levels: Avelo CEO
Avelo Airlines’ chief executive Andrew Levy says business travel will not return to pre-pandemic levels since new technologies have matured enough to make companies and employees think twice about corporate trips.
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NewsLufthansa teams with shipping firm in bid for majority of ITA Airways
German carrier Lufthansa and shipping firm MSC Group have jointly submitted an expression of interest to acquire the majority of new Italian national carrier ITA Airways.
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NewsAirline body hails ‘landmark day’ as UK drops day-two Covid-19 tests
A UK airline association has hailed 24 January as a “landmark day” after the country’s transport minister confirmed day-two Covid-19 testing will soon be dropped for fully vaccinated arrivals.
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NewsQantas cuts domestic capacity again amid border reopening delays
Qantas Group has further trimmed domestic capacity through end-March, amid an indefinitely delayed border reopening in Western Australia.
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NewsAmerican now anticipates full recovery no sooner than 2023
American Airlines has pushed back the timeframe by which it expects to fully recover from the pandemic downturn to no sooner than 2023.
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NewsAmerican loses $2bn in 2021 even with billions in taxpayer aid
American Airlines lost $2 billion in 2021 despite taking $4.2 billion in US government aid, and the company predicts revenue in early 2022 will continue to significantly lag 2019 figures.
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NewsUnited Airlines lost $646m in Q4 as Omicron delayed recovery
United Airlines lost $646 million in the fourth quarter of 2021 as the Omicron variant of Covid-19 impacted air travel and delayed the airline’s anticipated recovery.
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NewsVirgin Atlantic to codeshare with LATAM Airlines
Delta Air Lines partners Virgin Atlantic and LATAM Airlines are to begin codesharing on flights between and beyond London and Sao Paulo.
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NewsEU assurances on airport slots not enough for Air France-KLM and Lufthansa
European Commission assurances that existing airport slot regulations make so-called ‘ghost flights’ unnecessary have failed to placate two of the region’s largest airline groups, with both Air France-KLM and Lufthansa Group since asking for rules to be relaxed during the current northern hemisphere winter season.
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NewsOmicron caused ‘hellacious’ weeks for Delta: CEO
Delta Air Lines expects to post a loss for the first quarter of 2022 as the Omicron variant of Covid-19 forced the carrier to cancel hundreds of flights in recent weeks.
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NewsKLM chief Elbers to step down in 2023 when second term ends
KLM chief executive Pieter Elbers will step down from the role at the start of May 2023 when his second term in the position comes to an end.
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NewsAirlines brace for tough start to 2022 as Omicron response hits bookings
Ticket bookings for international travel in particular have taken a hit amid the spread of the Omicron variant of Covid-19, according IATA.
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NewsStrong fourth quarter and government aid push Delta to full-year profit
Delta Air Lines posted a pre-tax loss of $3.4 billion in 2021, though reached the black when accounting for extraordinary items including the US Government’s payroll support programme.
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NewsEthiopian Airlines could reach pre-Covid capacity level in 2022
Ethiopian Airlines expects its capacity to reach near pre-crisis levels in 2022 as the carrier emerges from the Covid-19 downturn buoyed by a strong performance from its cargo business.