Strategy – Page 7

  • american-airlines-tail
    News

    American adds $2bn to balance sheet

    2020-06-23T16:27:00Z

    American Airlines has priced its common stock offering and convertible bond raising nearly $2 billion.

  • fernandes
    News

    AirAsia chief Fernandes mulls pulling out of India JV: report

    2020-06-23T08:46:00Z

    AirAsia group chief Tony Fernandes has hinted at a possible exit from its Indian joint venture, to focus on the Southeast Asian side of business. Fernandes was quoted in Indian media reports as saying that the group would “never say that we would never exit India”. He was speaking ...

  • Cathay Pacific
    News

    Airlines benefit from Hong Kong wage subsidy scheme

    2020-06-23T01:21:00Z

    Several airlines are to receive wage subsidies from the Hong Kong government, though the city’s flag carrier Cathay Pacific Airways is not among the first tranche of companies to be approved for the scheme. Taipei Taoyuan-based China Airlines, with a “committed headcount under payroll” of 222 in Hong Kong, ...

  • Air Canada_B787_2
    News

    Air Canada raises additional C$1.23bn in cash

    2020-06-22T21:32:00Z

    Air Canada has raised additional liquidity to help keep itself afloat as the coronavirus pandemic drags on.

  • Grounded AA jets
    Analysis

    Layoffs expected when pay support ends for US carriers

    2020-06-22T20:37:00Z

    Air travel may not return to pre-coronavirus levels until at least 2023, so US carriers are making plans to downsize their employee base, echoing the warnings of transportation analysts that the industry is “staff heavy” for the market reeling from the ongoing coronavirus pandemic.

  • Du Juniac @AGM (c) IATA
    News

    De Juniac sees fresh state role in airlines as short-term measure

    2020-06-22T15:23:00Z

    IATA director general Alexandre de Juniac expects those governments that have taken stakes to help prop up cash-strapped airlines during the crisis will not be long-term investors in the carriers.

  • Aeromexico first 787-9
    News

    Aeromexico says it will not file for bankruptcy, despite lack of liquidity

    2020-06-19T22:51:00Z

    Mexican flag carrier Aeromexico says it has no plans to file for bankruptcy, but that it is “evaluating alternatives to move towards a better financial position” after the global coronavirus pandemic decimated its liquidity.

  • Spirit A320neo
    News

    US DOT fines Spirit Airlines $350,000 mischaracterising bumped passengers

    2020-06-19T17:17:00Z

    The US Department of Transportation (DOT) has fined ultra-low-cost carrier Spirit Airlines $350,000 for mischaracterising passengers who were involuntarily denied boarding on overbooked flights as “volunteers” and then undercompensating them.

  • Aer LIngus A330-300
    News

    Aer Lingus set to cut up to 500 jobs

    2020-06-19T17:08:00Z

    Irish carrier Aer Lingus is warning it expects to cut up to 500 jobs citing the ‘catastrophic effect’ the coronavirus crisis having on the aviation industry.

  • Lauda Airbus A320
    News

    Lauda outlines restructuring under ‘survival plan’

    2020-06-19T15:11:00Z

    Lauda’s Austrian arm is being repositioned as a wet-lease carrier and the Ryanair subsidiary is ending the employment of crew members who did not support a new collective labour agreement, as part of a “survival plan” to secure operations in Vienna.

  • Vietnam-Airlines-In-flight-service-on-South-Korean-routes-over-coronavirus-outbreak-916x516
    In depth

    Asia airline task forces grapple with new realities

    2020-06-19T07:21:00Z

    Airlines in the Asia-Pacific have convened high-level task forces to deal with the coronavirus crisis and the changes necessary for a resumption of air travel. While air travel has resumed in several of Asia-Pacific’s domestic markets — namely Australia, South Korea, China, Vietnam, India, and Indonesia — regional and ...

  • fernandes
    News

    AirAsia chief Fernandes sees ‘robust’ rebound in demand

    2020-06-19T01:36:00Z

    AirAsia chief executive Tony Fernandes has highlighted “encouraging” forward bookings and sales as the low-cost carrier seeks to recover from the impact of the coronavirus crisis. “There was a point where you couldn’t see where the light was going to come from,” Fernandes acknowledged during an 18 June webinar ...

  • 103975626_3088005181306441_6823791121030614542_o
    Interview

    IndiGo gains momentum with India domestic opening

    2020-06-18T09:25:00Z

    Indian low-cost carrier IndiGo is steadily building back its passenger business after nearly two months on the ground amid the coronavirus pandemic.

  • Lufthansa parked aircraft
    News

    Lufthansa warns bailout under threat over shareholder tussle

    2020-06-17T12:14:00Z

    Lufthansa has warned it might be unable to implement the €9 billion ($10 billion) financial support package agreed with the German government after the airline’s largest shareholder indicated he might vote against the package.

  • Terminal 3 Coronavirus
    Analysis

    Assessing government support for Asia-Pacific carriers

    2020-06-17T02:15:00Z

    When it announced a HK$39 billion ($5 billion) recapitalisation on 9 June, Cathay Pacific joined a growing list of Asia-Pacific airlines that have received government support amid the coronavirus crisis. The region appears to have learnt from its experience with SARS in 2003. Governments have responded quickly to Covid-19, ...

  • Mask business traveler shutterstock_1735211177
    News

    US airlines strengthen anti-coronavirus measures to inspire traveller confidence

    2020-06-16T23:26:00Z

    As shelter-in-place orders are lifted across the United States, airlines are hoping to inspire traveller confidence by imposing stronger sanctions against passengers who refuse to wear face coverings on board their aircraft.

  • Parked Lufthansa aircraft
    News

    Lufthansa job cuts to be spread across all units

    2020-06-16T12:30:00Z

    Lufthansa Group’s planned 22,000 job cuts will affect 600 pilots, 2,600 flight attendants and thousands of roles in its maintenance and catering divisions, the company has revealed.

  • Malaysia Airlines A330 generics
    News

    Uncertainty around Khazanah’s view on Malaysia Airlines funding

    2020-06-16T01:46:00Z

    The parent of Malaysia Airlines is in discussions with sovereign wealth fund Khazanah Nasional about financial support, but has not received a funding commitment. Addressing media speculation, the airline tells Cirium that parent Malaysia Aviation Group (MAG) “has not received any commitment by Khazanah Nasional, for a MYR5 billion ...

  • avianca 787
    News

    IATA re-ups calls on Latin American governments to support airlines

    2020-06-15T20:05:00Z

    Commercial aviation association IATA has strengthened its calls for Latin American governments to assist their respective airline industries in order to help them survive the coronavirus crisis that has brought the sector to a near-standstill across the region.

  • United 787 Dreamliner
    News

    United taps into MileagePlus programme for cash

    2020-06-15T18:33:00Z

    United Airlines says it expects to have a total of $17 billion in liquidity by the end of the third quarter in part by leveraging its MilagePlus passenger loyalty programme, helping support the Chicago-based carrier through the unprecedented crisis that has gripped the travel industry since the beginning of the coronavirus pandemic.