As tourism rebounds, carriers pull aircraft off Australia's airfreight trades
American Airlines has suspended cargo flights to Australia, due to the country’s cap on passenger ...
CNBC has published an interview with American Airlines’ chief Doug Parker. While the questions – given the circumstances – feel a little too cosy and easy perhaps, it nonetheless is a good insight. On the US government’s $50bn industry bailout – for which some conditions are attached, including restrictions on buybacks and dividends – Mr Parker said they were ones he was “happy to accept”. Although he does add: “We need to figure out ways around those. But those are absolutely fair things we’re asked to do and we’re certainly not complaining about them.”
He also talks about whether the market is now close to the bottom (“it certainly feels like it”), how the carrier will manage its fleet (retirements of older aircraft), moving cargo in passenger seats, and missing out on low oil prices. Worth a read.