Strategy

  • EasyJet A320neo
    News

    EasyJet defers order for 24 Airbus jets

    2020-04-09T17:24:00Z

    EasyJet has agreed a deal with Airbus to push back an order for 24 aircraft due for delivery in 2020-2022.

  • Cancelled flights
    News

    Europe’s airports to lose more than a billion passengers in 2020

    2020-04-09T11:42:00Z

    European airports lost more passengers in March than in the whole of 2009 when the world was in the midst of a global financial crisis, figures released today by ACI Europe reveal.

  • 737 Max 8-c-Max Kingsley-Jones+FlightGlobal-web
    Analysis

    Lessors’ Max orders at risk with Avolon cancellation

    2020-04-09T10:39:00Z

    Avolon is removing 75 Boeing 737 Max jets from its orderbook, and while the world’s fourth largest lessor by fleet value says it “remains committed” to the type, these add to cancellations from before the coronavirus pandemic.

  • Grounded KLM Aircraft c KLM
    News

    IATA reiterates need for ‘urgent’ liquidity assistance

    2020-04-08T02:20:00Z

    Airlines around the world are in desperate need of government liquidity support which in many cases is taking too long to reach them, IATA has warned. Describing the coronavirus shutdown as “the biggest crisis we have ever had”, IATA director general Alexandre de Juniac stresses that although many governments ...

  • ANZ 777-200ER
    News

    Air New Zealand to lay off 387 pilots: union

    2020-04-07T04:43:00Z

    Air New Zealand is planning to make 387 pilots redundant amid the coronavirus crisis, their union said today. The New Zealand Air Line Pilots’ Association (NZALPA) said it met with the carrier’s chief executive Greg Foran and his executive team several times on 6 April to discuss cost-cutting ...

  • BOC A320
    News

    BOC Aviation’s first-quarter collection rate falls to 94%

    2020-04-07T02:04:00Z

    BOC Aviation reported 100% aircraft utilisation for the three months ended 31 March 2020, though lease payment collection rate for the period was 94%. Data from the company’s historical stock-exchange filings show that since 2008 – the first full-year the company operated as BOC Aviation after Bank of China ...

  • EasyJet wingtip
    News

    EasyJet borrows from UK coronavirus fund as part of liquidity plan

    2020-04-06T14:35:00Z

    Budget carrier EasyJet has taken steps to borrow funds from the UK government’s corporate financing facility, established to assist companies during the coronavirus crisis. EasyJet chief executive Johan Lundgren says the airline’s “priority” is to “safeguard short-term liquidity”. He says the company has been successful in issuing £600 ...

  • virgin australia tails
    News

    Virgin Australia closes New Zealand crew base

    2020-04-06T03:37:00Z

    Virgin Australia has closed its New Zealand flight crew base, a move their union says affects around 600 jobs. The E tū union said in a 4 April statement that the carrier emailed staff the previous night telling them that the closure was effective immediately. Virgin has ...

  • Avolon
    News

    Avolon customers seek payment relief

    2020-04-06T01:38:00Z

    Aircraft lessor Avolon has disclosed that the vast majority of its customers are seeking rent deferrals or reductions amid “the most challenging period in the history of commercial aviation”. In its first-quarter update, the lessor states that it “has received requests from more than 80% of its current owned ...

  • jetblue blueberry fin
    News

    JetBlue and Delta apply for federal payroll grants

    2020-04-04T00:53:00Z

    JetBlue Airways and Delta Air Lines have applied for federal payroll grants in time for the US Treasury Department to ensure quick approval, yet the chief executives of both carriers say they will need to raise additional capital.

  • Kulula Boeing 737-800 (c) Bob Adams
    News

    Comair drops Star Air acquisition as challenges deepen

    2020-04-03T14:05:00Z

    South African carrier Comair has agreed to call off its planned acquisition of aircraft leasing specialist Star Air Cargo and Star Air Maintenance as it battles mounting challenges.

  • Cathay Pacific A330
    News

    Cathay Pacific cuts long-haul schedule further for April

    2020-04-03T03:50:00Z

    Cathay Pacific has announced further cuts to its long-haul schedule for April, with 97% of planned passenger capacity now scrapped. The carrier had already announced on 20 March that it was reducing capacity by 96% for April and May. As part of what it terms a “bare ...

  • china-order-c-Airbus-970
    Analysis

    Slowly but surely, China domestic capacity creeps back up

    2020-04-03T03:13:00Z

    While airlines around the world hunker down amid the coronavirus crisis, the Chinese domestic market is telling a different story. 

  • Airport_China_Generic_Unsplash
    News

    February travel demand slump worst since 9/11: IATA

    2020-04-03T03:06:00Z

    Collapsing domestic travel in Mainland China — the epicentre of the coronavirus outbreak — coupled with falling travel demand to and from the Asia-Pacific region, led to the sharpest drop in demand in almost two decades. Releasing its global passenger traffic data for February, IATA says RPKs for the ...

  • Virgin Australia
    News

    Canberra not keen to bail out Virgin Australia: report

    2020-04-03T02:06:00Z

    Virgin Australia may not get the government support it is seeking, according to local media reports. Citing sources, the Australian Financial Review reported on 2 April that the federal government wants two strong airlines after the coronavirus crisis and would help a new carrier enter the market if Virgin ...

  • IAG
    News

    ​IAG cancels planned dividend payment

    2020-04-03T01:05:00Z

    IAG is withdrawing its proposal to pay a €0.17-per-share final dividend to investors, following the coronavirus shutdown. The group will instead propose, at its annual shareholders’ meeting, that all of its 2019 profit – save that already paid as an interim dividend – be added to voluntary reserves. ...

  • b747-8f-c-cargologicair-640
    News

    Freight rates on the rise amid slump in passenger flights

    2020-04-03T00:58:00Z

    Air freight rates are rising and cargo carriers ramping up their utilisation to fill the gap left by grounded bellyhold capacity on passenger jets. Normally, nearly half of global air cargo is carried in passenger jets’ bellies. Total cargo capacity, adjusted to include the Lunar New Year, fell ...

  • British Airways at London City airport
    News

    ​BA to furlough 30,000 staff: GMB union

    2020-04-02T16:09:00Z

    British Airways will furlough more than 30,000 employees under the UK government’s job-retention scheme amid the coronavirus crisis, in a move the GMB union describes as “a relief”. “GMB and our sister union Unite have fought hard to secure members’ terms, conditions and job security. We believe the ...

  • Braathens Regional - Shutterstock
    News

    Braathens Regional to halt all flights until 31 May

    2020-04-02T16:05:00Z

    Swedish operator Braathens Regional Airlines is suspending all its services between 6 April and 31 May.

  • Parked Lufthansa aircraft
    Analysis

    Former airline chiefs on government role in airline survival and future shape of sector

    2020-04-02T12:07:00Z

    Government interventions during the crisis are likely to play a role not just in airline abilities to withstand the coronavirus-prompted grounding but also in the shape of the consolidation to follow.