Articles tagged “lccs”

Airlines

Indian Billionaire Plans to Launch Low-Cost Carrier in an Already Tough Market

With the pandemic gutting India's low-cost carrier market, which already includes IndiGo, SpiceJet, GoFirst and AirAsia India, Rakesh Jhunjhunwala thinks a fresh start, a capital infusion, and new planes could be a competitive advantage. Hope springs eternal, as they say.

Indian Billionaire Plans to Launch Low-Cost Carrier in an Already Tough Market

Airlines

Norwegian Air Appoints New CEO Effective Immediately

A few years ago Norwegian Air was remaking low-cost, long-haul travel. Now it's focus is on remaking its own business and a former CFO holding the reins isn't a bad place to start.

Norwegian Air Appoints New CEO Effective Immediately

Airlines

Airplane Tickets Shouldn’t Be So Cheap, Says German Finance Minister

We all like to pay less, but whether it be airline tickets, vacation packages, or meals, "cheap" nearly always means the environment is being harmed and workers are being mistreated along the way.

Airplane Tickets Shouldn’t Be So Cheap, Says German Finance Minister

Airlines

Wizz Air Expands in Western Europe

Wizz Air expects passenger volume to recover next year, so it's expanding. Meanwhile, larger rival EasyJet says air travel won't rebound until 2023, so it's cutting deeper. Who's right?

Wizz Air Expands in Western Europe

Airlines

Singapore Airlines CEO Lays Out Challenges Without Any Domestic Routes

In a rare appearance at Skift Forum Asia, Singapore Airlines CEO Goh Choon Phong says the carrier is in a unique position: It doesn't operate a single domestic route. So it has to make up for the valuable revenue stream it lacks from domestic traffic feed by competing aggressively in a fragmented market.

Singapore Airlines CEO Lays Out Challenges Without Any Domestic Routes

Airlines

United President Warns New Low-Cost Carriers Can’t Control Their Business Model

Network airlines have long sought to drive out low-cost carriers by matching fares in certain markets. But now, equipped with basic economy fares and other options, United Airlines' Kirby vows to match the fares of new entrants in a much more rigorous way.

United President Warns New Low-Cost Carriers Can’t Control Their Business Model

Airlines

Ex-United President Is Selected as CEO to Lead IndiGo Into a New Era

IndiGo’s appointment of veteran airline CEO Ronojoy Dutta to lead its aggressive expansion, particularly into new long-haul territory, is a fresh departure from the woes of non-happening Air India or Jet Airways.

Ex-United President Is Selected as CEO to Lead IndiGo Into a New Era

Airlines

Recession Watch: The Debt Load of the Travel Industry’s Public Companies

When it comes to their debt, easyJet has a much more liquid position than Ryanair, while United and Delta have a lighter debt burden relatively speaking than American Airlines. In the event of a recession, debt loads would be one critical factor among many in hamstringing or contributing to a company's ability to maneuver.

Recession Watch: The Debt Load of the Travel Industry’s Public Companies

Airlines

Ryanair Issues Profit Warning as Fares Tumble

Ryanair's lowered guidance is a sign of how tough things are for European airlines at the moment. Fortunately, the airline is still highly profitable; the same can't be said for some of its smaller rivals.

Ryanair Issues Profit Warning as Fares Tumble

Airlines

JetBlue Founder Reveals Details on His New Tech-Focused International Airline

David Neeleman argues that the competition won't be able to touch his new airline, which likely won't be named Moxy, because it will be so different. Plenty of other airlines will have something to say about that.

JetBlue Founder Reveals Details on His New Tech-Focused International Airline