GTF inspections force All Nippon to cut the schedule
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Strike hurts Finnair as job reductions are formalized
Finnair continues its restructuring plans in the midst of deep social unrest within the airline. It announced today that in total 147 managerial jobs will be reduced and implemented by the end of February as part of its cost-reduction efforts. At…
Finnair to cut some 200 jobs in managerial roles
Finnair expects to reduce its workforce by some 200, of which most are in Finland. The airline will start negotiations about job cuts with unions and employee representatives on October 5. The reductions are part of the revised strategy that the…
JetBlue targets $250 million in cost reductions with new plan
JetBlue has launched a new program to reduce costs by $250 million in 2024 by introducing operational and planning efficiencies. The plan follows a review of its long-term cost structure, which has been tweaked before in recent years. High costs…
Cost reductions help ANA to lower losses
Strict reductions of fixed costs have helped All Nippon Airways (ANA) to reduce its net loss for its first six months of the financial year 2021. The Japanese carrier reported a net loss of ¥98.8 billion, an improvement over the…
Cost reductions dampen losses Lufthansa
Europe has been one of the continents where the pandemic has a prolonged effect on air travel. Whereas there has been a rebound in domestic travel in the US, Europe is dominated by continued restrictions as various countries suffer from…