All Airlines articles – Page 354
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NewsNok Air files for business rehabilitation
Thai budget carrier Nok Air has filed for business rehabilitation with a view to restructuring the company, taking a similar path to flag carrier Thai Airways which filed for the same protection in May. The country’s Central Bankruptcy Court has accepted Nok Air’s rehabilitation petition for consideration and set 27 ...
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NewsUnited ends partnership with ExpressJet
United Airlines will consolidate all of its regional Embraer 145 flying to one partner, in order to streamline its network and lower costs as the coronavirus outbreak continues to take its toll on the air transport industry.
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NewsSkyWest posts $26m loss, ramps up Embraer fleet
SkyWest Airlines reported a $26 million loss in the coronavirus-marked second quarter as demand slumped and the airline significantly reduced its network.
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OpinionScale of Covid collapse raises questions about what comes next
Consider this: On a Friday in July 2019, 11 airlines operated 66 flights from Washington DC to New York City-area airports. Fast forward: on Friday 17 July, carriers operated just 15 flights on those routes.
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NewsAirbus impairs inventories ‘at risk’ as stored aircraft level rises
Airbus has recorded a near-€300 million charge for impairment of inventories considered at risk, as stored aircraft continue to push up its inventory level. The airframer reveals in its first-half accounts to 30 June that its inventories stood at €37.5 billion – up by nearly €6 billion on the figure ...
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NewsProlonged 737 Max grounding, pandemic punish SpiceJet earnings
India’s SpiceJet has incurred more than Rs6.7 billion ($89.6 million) in costs from the year-long global grounding of the Boeing 737 Max. Taken together with the impact from the coronavirus outbreak, which has dented passenger travel demand, SpiceJet saw losses widen for the year ended 31 March. The low-cost carrier ...
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Airline BusinessAn eternal midnight for Asia-Pacific airlines
Hopeful talk of ”travel bubbles” in the Asia-Pacific has turned to disappointment as the coronavirus demonstrates a profound ability to keep heaping disruption on the travel industry. In early May, hope was in the air in Auckland. New Zealand, one of rare success stories in dealing with the pandemic, mooted ...
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NewsPandemic torpedoes IndiGo profitability
Indian low-cost carrier IndiGo plunged deeper into the red in its latest quarterly financial results, amid a collapse in revenue from the coronavirus outbreak. For the quarter ended 30 June, IndiGo reported an operating loss of Rs28.4 billion ($380 million), reversing the INR15.1 billion profited it made last year. The ...
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NewsAllegiant loses $93 million in ‘most turbulent’ quarter
Allegiant Travel Company, parent of ultra-low-cost carrier Allegiant Air, reported a $93 million loss in the second quarter as the coronavirus pandemic ravaged the air transport industry during the period.
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NewsUncoordinated government response to coronavirus hinders recovery: experts
As the coronavirus pandemic drags on, air passengers have become accustomed to social distancing rules and other safety measures, but industry experts say uncoordinated government responses continue to prevent the industry from meaningful recovery.
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NewsSIA A380 future in limbo as review of future network, fleet size underway
Singapore Airlines Group will in the next six months be reviewing the size and shape of its network and fleet over the long term.
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NewsSIA defers Airbus deliveries amid S$1 billion Q1 operating loss
Singapore Airlines Group has reached an agreement with Airbus regarding aircraft deliveries and payment deferrals, as it reported a massive quarterly operating loss. The group, which comprises mainline carrier SIA, regional arm SilkAir, as well as low-cost unit Scoot — says it has reached an agreement with Airbus on ...
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NewsANA swings to ‘large quarterly loss’ amid revenue collapse
Despite attempts to bring expenses down amid the coronavirus outbreak, All Nippon Airways’ parent company ANA Holdings swung to a massive loss in the first quarter. For the three months ended 30 June, ANA Holdings reported an operating loss of Y159 billion ($1.51 billion). This was in contrast to ...
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NewsFedEx pilots urge airline to suspend operations to Hong Kong
Unionised pilots with FedEx Express are urging the US cargo carrier to suspend operations to Hong Kong, as they object to compulsory hospitalisation and quarantine of flightcrew exposed to Covid-19 as part of stricter measures imposed by the local government to control the virus outbreak. “Recently, three Covid-19-positive asymptomatic FedEx ...
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NewsHawaiian delays Boeing 787 Dreamliner deliveries
Hawaiian Airlines says it will be delaying deliveries of its long-awaited Boeing 787 Dreamliners as the carrier contends with a difficult business environment perpetrated by the ongoing coronavirus pandemic.
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NewsHawaiian Airlines frustrated by ongoing quarantine
Hawaiian Airlines’ second quarter ended with a loss of $107 million after its home state’s strict travel restrictions prevented it from doing any meaningful business for much of the three months ending in June.
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NewsJetBlue prepares for volatile recovery
JetBlue Airways posted a $320 million loss in the second quarter and expects further volatility through the third and fourth quarters as the long-term effects of the coronavirus on the New York-based low-cost carrier become clear.
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NewsGermany warns against ‘unnecessary’ travel to parts of Spain
Germany has become the latest European country to warn against non-essential travel to Spain amid an uptick in coronavirus cases, although it appears to be taking a more targeted approach than the UK.
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NewsParis airports operator sees at least five years before full traffic return
Aeroports de Paris is projecting passenger traffic levels at the French capital will not return to last year’s high until the 2024-27 timeframe.
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NewsLessons from NokScoot’s liquidation
NokScoot has suffered the ill-effects of Covid-19, as did Thai Airways; its fate, however, is very different from the flag carrier’s. Thai Airways could emerge from rehabilitation with a significant makeover, but looks likely to survive. On the other hand, the board and shareholders of NokScoot, the joint venture between ...