• Aeroflot

    Aeroflot seeks shareholder approval to hike share capital


    Aeroflot’s board has met to consider increasing the company’s authorised share capital as part of measures to improve its financial stability. Its authorised capital comprises just over 1.11 billion shares, of which 51.2% is owned by the Russian government. In addition to these placed shares, Aeroflot is authorised ...

  • Lufthansa A320

    Lufthansa Group warns of compulsory job losses


    Lufthansa Group is warning of compulsory job losses affecting mainline and Eurowings pilots, adding that the situation with ground staff is also uncertain. While there is a preliminary agreement with mainline cabin crew through the UFO union, over 60 days of negotiations with pilot union Vereinigung Cockpit have yet ...

  • A321neo pratt GTF web

    Airbus logs orders but no long-haul deliveries in July


    Airbus delivered 49 aircraft during July, and managed to log its first orders for almost four months. The airframer’s deliveries comprised 32 A320neo, 15 A321neo and two A220-300s. Airbus did not deliver any long-haul aircraft over the course of July. Cirium fleets data indicates this was the first ...

  • Pittsburgh International airport

    Airline losses mount for second quarter after revenues collapse


    Airlines routinely posted losses deeper than the revenue they brought in during the April-June quarter, as the virtual grounding of international scheduled services wiped out much of their business.


    Lufthansa Group chief resists asset ‘fire-sale’


    Lufthansa Group will not rush into a disposal of assets, but expects to focus more on its core operations as it progresses towards recovery from the air transport crisis. It is already in the process of selling the European operation of its catering division LSG and group chief Carsten ...

  • Lauda A320

    Unnecessary A320 evacuation risked passengers’ being injured by engines


    Passengers risked being sucked into the operating engine of a Lauda Airbus A320 after commencing an unnecessary evacuation of the aircraft at London Stansted, investigators have determined. The aircraft (OE-LOA) suffered a contained failure of its left-hand CFM International CFM56 powerplant during the take-off roll on 1 March last ...

  • Lufthansa MD-11F

    Lufthansa: Freight demand allows zero-passenger break-even on some routes


    Lufthansa Cargo was among the few air transport operations to improve its performance over the course of the coronavirus crisis, as demand for freight capacity surged. First-half freight sales rose to €1.3 billion. The logistics division achieved a €299 million ($354 million) profit at adjusted EBIT level over the ...

  • Lufthansa 747-400

    Lufthansa Group takes fleet impairment of €300m in first half


    Lufthansa Group took an impairment charge of nearly €570 million over the first half, including €300 million relating to withdrawal of aircraft. The company says the figure is connected to 65 aircraft which will be “permanently grounded”. These aircraft comprise six Airbus A380s and five Boeing 747s, plus ...

  • Lufthansa A350

    Lufthansa strives to restore long-haul network as it foresees 2024 recovery


    Lufthansa Group is aiming to offer 50% of prior-year capacity on its long-haul network and 55% on short-haul in the fourth quarter of this year. But the German-based operator says it expects a “clearly negative” adjusted EBIT figure in the second half of the year, and therefore a “further ...

  • Croatia Airlines Airbus A319

    Croatia Airlines rejigs leases to cut costs


    Croatia Airlines has postponed a long-term Airbus A319 lease, cancelled a similar Bombardier Q400 lease and dropped a CRJ1000 seasonal lease as part of measures to rein in costs over the first half. Over the second quarter the company made a loss of Kn62.7 million ($10 million), it states, ...

  • Airline recovery tracker
    In depth

    Airline coronavirus recovery tracker: August 2020 update


    Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.

  • Virgin A330neo

    Creditors to vote on Virgin Atlantic restructuring plan on 25 August


    Virgin Atlantic creditors will vote on the UK carrier’s restructuring plan at a meeting on 25 August after court proceedings in London yesterday.

  • Copenhagen airport

    Copenhagen airport operator proposes cutting a quarter of workforce


    Copenhagen airport’s operator is considering cutting 25% of its staff in response to the air transport downturn. The Danish hub’s management company, Kobenhavns Lufthavne, has unveiled a DKr228 million ($36 million) pre-tax loss for the first half of this year, against its previous profit of DKr617 million. It ...

  • RAN MH-60R sonar - Commonwealth of Australia

    US government awards sonar contract for Indian, Danish MH-60Rs


    Lockheed Martin has secured a $182 million contract for airborne low frequency sonars (ALFS) related to Indian and Danish Sikorsky MH-60R anti-submarine warfare helicopters. The package covers the production, integration, and delivery of 24 sets for India, and eight for Denmark, says a US government contract announcement. In ...

  • Virgin_Atlantic Covid

    Virgin Atlantic seeks bankruptcy protection in New York


    UK carrier Virgin Atlantic Airways has filed for Chapter 15 bankruptcy protection in the USA, stating that it will run out of cash in September after months of attempts to cut costs, raise capital and seek UK government assistance.

  • Ju 52 crash title

    Ju 52 probe yields enough evidence to explain fatal Alps crash


    Swiss investigators believe they have sufficient evidence to explain the accident sequence which resulted in the fatal crash of a Junkers Ju 52 during a pleasure flight in the Alps two years ago. The aircraft had entered a valley basin near Piz Segnas, entering a left turn at the ...

  • Ryanair Wizz aircraft at Budapest

    Ryanair and Wizz claw back more traffic in July


    July traffic figures released today show Wizz Air operated more than 70% of its planned capacity, while Europe’s biggest low-cost operator Ryanair saw its first significant return of passengers since the global pandemic began.

  • unmanned freighter

    Russian analysts study unmanned nose-loading twinjet freighter concept


    Russian researchers have started investigating a new twinjet cargo aircraft design which would be capable of operating unmanned. The concept – designated the light high-speed transport aircraft – is being analysed by Moscow’s Central Aerohydrodynamic Institute, as part of a Russian trade and industry ministry contract. Preliminary designs ...

  • German P-3C

    Airbus eyeing interim German P-3C fleet replacement need


    Airbus Defence & Space is pursuing an opportunity to provide Germany with an interim maritime patrol aircraft capability, after Berlin axed a delayed modernisation of its Lockheed P-3C Orion fleet.

  • EasyJet Airbus

    Upbeat EasyJet hikes summer capacity further than forecast


    UK budget carrier EasyJet is expecting to increase its flight activity to 40% of originally-planned capacity in its fiscal fourth quarter, up from the previous estimate of 30%. EasyJet, whose fourth quarter runs to 30 September, says it also expects a smaller loss than the £325 million ($425 million) ...