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Kurt Hofmann

Kurt Hofmann
AtlasGlobal Halts Operations Through Mid-December 
Turkish airline AtlasGlobal ceased all operations and suspended ticket sales Nov. 26, saying the suspension will continue until Dec. 16 to allow for restructuring and to establish new cash resources.
LOT CEO: MAX Grounding, 787 Engine Fixes Stalling Growth 
LOT Polish Airlines’ growth plans have been crimped by the global grounding of the Boeing 737 MAX fleet, CEO Rafal Milczarski said.
Icelandair To Rationalize Network In 2020, Considers Future Fleet Options 
In 2020 Icelandair will rationalize its network, which has been disrupted by the grounding of its Boeing 737 MAXs and evaluate replacements for looming gaps in its fleet.
South African Airways CEO Warns Strike Will Endanger Airline 
South African Airways (SAA) has canceled “nearly all” domestic, regional and international flights scheduled for Nov. 15-16 after the South African Cabin Crew Association (SACCA) and National Union of Metalworkers of South Africa (NUMSA) announced industrial action.
Finnair Narrowbody Fleet Decision To Align With Sustainability Agenda 
Finnair is asserting that sustainability will be a key driver for its 2020-2025 strategy period, with its long-awaited decision for a new narrowbody fleet as the most significant contributor to the airline’s agenda.
South African Airways May Cut Over 900 Jobs In Restructuring Plan 
South African Airways (SAA) is embarking on a restructuring process that may lead to cutting approximately 944 out of 5,149 jobs.
Greece’s Astra Airlines Falters, Cancels All Flights 
Greek regional Astra Airlines has not operated any flights since Nov. 9, a consequence of ongoing financial problems.
Austrian Airlines Realigns, Cites ‘Brutal’ LCC Competition 
Facing intense competition from LCCs in Vienna and rising fuel prices, Austrian Airlines saw a steep drop in earnings for the first nine months of 2019 and warned of a possible loss for the financial year.
Finnair Updates Targets For 2020-2025 
After a period of accelerated expansion, Finnair said it will now focus on growing “in line with the market, targeting sustainable and profitable growth” as the airline updated its 2020-2025 strategy.
Vienna LCC Competition Forcing Austrian Airlines To Cut Costs, Jobs 
In the face of stiff competition from LCCs in Vienna, Austrian Airlines will undertake an aggressive cost-cutting effort in 2020 and could eliminate hundreds of jobs.
Citing 777X Delays, Qatar Airways Postpones Fleet Retirements 
Qatar Airways will postpone the retirement of its currently operating Boeing 777s to compensate for delivery delays of the new 777X variant, group CEO Akbar Al Baker said.
Icelandair Credits Improved ‘19 Finances To MAX Removal 
Icelandair will keep its Boeing 737 MAXs off its schedule through February, a move the carrier said has helped improve the carrier’s guidance for 2019 earnings before interest and taxes (EBIT).
Ryanair’s 737 MAX 200 Certification Will Take Longer, O’Leary Says 
Ryanair Group CEO Michael O’Leary said the Irish LCC has reduced the number of Boeing 737 MAX 200s it expects in summer 2020 from 60 to 20-30 aircraft.
LATAM, Qatar Airways Expand Codeshare Agreement 
LATAM Airlines Brazil and Qatar Airways announced an expansion of their codeshare agreement effective Oct. 15.
Swiss Cancels 100 Flights Amidst A220 Engine Inspections 
Swiss International Air Lines (SWISS) canceled around 100 flights Oct. 15 and 16 after the carrier decided to return its entire fleet of 28 Airbus A220s to home base for engine inspections following a third engine-related diversion on Oct. 15.

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