Articles tagged “Etihad Airways”

Etihad Airways Has Amassed $4.8 Billion in Losses

Etihad Airways Has Amassed $4.8 Billion in Losses

Christopher Jasper, Bloomberg

Out of annual revenue of $5 billion, $4.8 billion in losses is a lot to have piled up over the years. State-backed Etihad must fix its business model built around both hubs in a volatile region and its investment stakes in troubled carriers.

5 months ago

Etihad Takes an Axe to Its Aircraft Order Book

Etihad Takes an Axe to Its Aircraft Order Book

Layan Odeh, Bloomberg

Norwegian isn't the only airline trying to scale back its ambitious expansion plans. Etihad is making its own drastic cost reductions in a bid to turn its business around.

6 months ago

Emirates to Hire Pilots From Etihad and Other Airlines With Cash Troubles

Emirates to Hire Pilots From Etihad and Other Airlines With Cash Troubles

Layan Odeh, Bloomberg

A lack of cockpit crew has been a factor in Emirates' moves to trim its number of flights. But the carrier may have a fix. A new memo shows that the Dubai giant has pinpointed 500 suitable applicants from airlines experiencing financial trouble.

7 months ago

India’s Jet Airways Looks to Swap Debt to Equity as Part of Rescue Plan

India’s Jet Airways Looks to Swap Debt to Equity as Part of Rescue Plan

Anurag Kotoky , Bloomberg

After months of negotiating, Jet Airways unveiled a rescue plan Monday. Will lenders see any real value in swapping debt for stock?

7 months ago

This Is a Golden Age for First Class Airline Travel

This Is a Golden Age for First Class Airline Travel

Eric Rosen, Bloomberg

Note that no U.S. carriers are mentioned in this article praising today's first-class cabins. Just saying.

10 months ago

Etihad Airways Will Shrink Further and Reduce Global Ambitions as Losses Mount

Etihad Airways Will Shrink Further and Reduce Global Ambitions as Losses Mount

Manus Cranny, Layan Odeh and Mahmoud Habboush, Bloomberg

Few airline companies have been as poorly managed as Etihad. It is a wonder the carrier is still flying at all. Shrinking the airline is the right move, but is it enough? Or should Etihad simply go out of business?

1 year ago

Singapore Airlines Unveils a Massive First-Class Suite to Compete with Gulf Rivals

Singapore Airlines Unveils a Massive First-Class Suite to Compete with Gulf Rivals

Brian Sumers, Skift

We expect Singapore's new first-class suites will be considered among the world's best products. But the airline still faces intense competition from Gulf and Asian airlines. It's not clear how much this cabin update will help on that front.

2 years ago

American Airlines Believes It Doesn’t Need Over-the-Top Luxury to Compete With Gulf Carriers

American Airlines Believes It Doesn’t Need Over-the-Top Luxury to Compete With Gulf Carriers

Brian Sumers, Skift

We're not surprised American Airlines is not interested in blinged-out first and business class cabins. But we're still slightly puzzled at the U.S. carriers' anger toward the Gulf airlines. Yes, Emirates, Etihad and Qatar receive government assistance, but so do a lot of airlines.

2 years ago

Air Berlin’s Slow Collapse Into Bankruptcy, Explained

Air Berlin’s Slow Collapse Into Bankruptcy, Explained

Patrick Whyte and Brian Sumers, Skift

Over in Italy, no one wants to let Alitalia go. The Italian national carrier is also bankrupt, but keeping the airline is a matter of national pride. There's no such love for Air Berlin. It'll probably disappear, and that'll be OK.

2 years ago

Air Berlin Files for Bankruptcy as Etihad Pulls Funding

Air Berlin Files for Bankruptcy as Etihad Pulls Funding

David Rising, Associated Press

Given Air Berlin's recent struggles it was seemingly only a matter of time before it collapsed. The likes of Lufthansa and TUI Group will see this as an ideal opportunity to reimagine the German aviation market, which in recent years has suffered from chronic overcapacity.

2 years ago

Etihad Swings to $1.9 Billion Loss As Investment Strategy Crumbles and Revenue Falls

Etihad Swings to $1.9 Billion Loss As Investment Strategy Crumbles and Revenue Falls

Deena Kamel Yousef, Bloomberg

The Gulf carrier desperately needs a permanent CEO. Etihad has grappled with writedowns in aircraft assets, fuel-hedging losses, and a flailing investment in Alitalia and Air Berlin.

2 years ago

Etihad Is Eager to Dump CEO and Set a Fresh Global Strategy

Etihad Is Eager to Dump CEO and Set a Fresh Global Strategy

Christopher Jasper, Bloomberg

Etihad Airways hopes to announce a new permanent CEO within the next few weeks. It can't happen fast enough, as the company needs a strategic review in light of its troubled investments in Alitalia and Air Berlin.

2 years ago