Ryanair Group’s Austrian subsidiary Lauda faces an “existential crisis” with its main base in Vienna expected to close before the end of the month, group CEO Michael O’Leary has warned.
Lufthansa is to permanently decommission more than 40 aircraft including six Airbus A380s, reduce Eurowings’ long-haul business and scrap its Germanwings brand.
This week: Hawaiian and JAL expand planned JV; Austrian Airlines adds Boston; Allegiant to open 20th base; and JetBlue to introduce basic economy fare.
Vienna Airport is on course for another record year of passenger traffic, although joint chief executive and chief operating officer Julian Jäger expects the growth to level out as a result of further consolidation in the European market.
Europe’s strong airlines will get stronger and the weak will get weaker as consolidation in the region continues and small carriers see pressure on yields intensifying.
The region’s largest route development forum will provide attendees with unmatched insight into the critical drivers shaping the future position of several leading airlines.
Senior delegates from the world’s leading airports, airlines and tourism boards have confirmed their attendance at World Routes 2018 in Guangzhou, China.
Star Alliance member, Austrian Airlines is to debut on the US west coast next year with the launch of a new service between Vienna and Los Angeles. The seasonal flight will operate on an up to six times weekly schedule from April 10, 2017 and will be flown using a Boeing 777.
The Dutch flag carrier is understood to have already held discussions with the Ministry of Roads and Urban Developments in Iran and is closely liaising with sister carrier Air France ahead of its own return to Tehran.
The Gulf carrier is both the world’s strongest and most valuable brand, with an increase of 17 percent from 2015. Emirates brand value is weighted at $7,743 million.