Articles tagged “airline weekly”

Why would anyone start an airline now, as the airline industry recovers from its worst crisis in a century, to fly to Asia, a region where travel is expected to remain depressed until 2024? Northern Pacific Airways, a startup based in Anchorage, believes now is the best time, so it can get established before competition heats back up.

Allegiant Air's costs soared in the fourth quarter, as bad weather and crew shortages due to the Omicron variant forced it to cancel flights. The airline paid $23 million to passengers to compensate for cancelled flights in the quarter, compared with $4-5 million in compensation it pays in an ordinary year.

The Omicron variant has spooked Ryanair's usually brash CEO Michael O'Leary. After a disappointing December, he is now uncharacteristically cautious about the summer, which previous forecasts had held would be a blockbuster for the European low-cost carrier.

China'a airlines, by the end of 2020, were flying almost as much as they did in 2019, thanks to the country's strong domestic travel rebound. They expected the same last year, but 2021 was dismal, due to internal travel restrictions stemming from China's strict pandemic policies and frequent lockdowns.

Boeing faces down a myriad of challenges in 2022 from resuming deliveries of its 787 to certifying more models of its bread-and-butter 737 Max. But in the face of adversity, the U.S. planemaker is finding silver linings in its plight and is optimistic about its future.

The airline industry recovery didn't happen last year, despite hope early in 2021 that passengers would return to travel. Domestic travel rebounded more quickly, but international travel is a fraction of what it was. The one bright spot for airlines? Cargo, which is stronger now than it was before the pandemic.

Hong Kong's Cathay Pacific Airways will bleed cash this year, thanks to the region's strict quarantine regulations. With no domestic market to fall back on, Cathay Pacific has seen its passenger traffic plummet to just about 5 percent of pre-pandemic levels.

AT&T and Verizon last week agreed on Tuesday to delay the rollout of their 5G wireless networks at several U.S. airports to give the FAA and airlines more time to determine if the networks will hinder landing at more than 50 airports. Was it really an issue?

Aeromexico's and Latam's plans to exit U.S. Chapter 11 bankruptcy protection are becoming increasingly fraught as creditors fight over who is getting favorable treatment. The fights complicate the recovery plans of two of Latin America's largest international airlines.

Higher inflation may be around for longer than expected, but how high can the airline take its fares when everyone’s looking to kickstart demand?