Sit back and *don’t* enjoy the flight. Call it the surprise of the century, but after getting everyone’s attention earlier this year, with promises of a new ultra low cost transatlantic route, Norse Atlantic has just started cancelling its winter flights. Norse launched in the summer, largely replicating Norwegian’s business model. But now, they’ve had a hard lesson […]
Tag: Airline
Big changes as Qantas restructures business and staff
In major news, the Qantas Group will split Qantas Airlines into separate domestic and international businesses from July 1, while there have been numerous staff changes, including the resignation of Jetstar boss Bruce Buchanan after nine years with the low cost carrier he helped create. Qantas Group CEO Alan Joyce said: “Qantas Domestic is strong […]
Virgin Australia disappears from view after Bain Capital acquisition
Update 18.1.21: Virgin eyes ‘former glory after major c-suite appointments Challenging times for Virgin Australia and its new owners, Bain Capital, which paid $3.5 billion for the broke and battling airline several months ago, but has given the carrier no voice or profile during Australia’s peak summer holiday season. All the talk has been left to […]
Qantas targets $15 billion in cost savings over next three years
While so many airlines around the world are finding their way to cut costs and keep operations running, this trend unfortunately has also impacted Australia’s most popular airline. Qantas CEO Alan Joyce expects the airline group to cut $15 billion from its operating costs over the next three years, mostly through reduced flying with just […]