All Coronavirus articles
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NewsAllegiant Q3 results up as the airline is “flirting with break-even”
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air, is “flirting with break-even” as point-to-point leisure travel rebounds faster than other parts of the aviation industry after it came to a near-standstill earlier this year.
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News
Ryanair to suspend service from all Irish airports except Dublin
Ryanair will temporarily cease operations from all Irish airports except Dublin for a one-month period, blaming government “mismanagement” and a “complete collapse in travel demand”.
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News
‘Risk must be rebalanced’ across industry: LOT operations chief
Suppliers such as aircraft manufacturers, lessors and MRO providers must make a greater contribution to shouldering the financial risk borne by airlines amid the air transport crisis, in the view of LOT chief operating officer Maciej Wilk.
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Paris CDG passenger numbers sneak ahead of London Heathrow’s
Under the exceptional circumstances of the air transport crisis, Paris Charles de Gaulle airport has overtaken London Heathrow as the primary European hub. Charles de Gaulle handled almost 19.3 million passengers in the first nine months of 2020, according to figures from operator Groupe ADP, down 66.8%. London ...
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Finnair ratchets up long-term savings as nine-month loss reaches €450m
Finnair is again hiking its target for permanent cost savings from 2022, raising it to €140 million ($165 million) from the previous level of €100 million. It had already increased the target in August, lifting it from the original figure of €80 million. The Nordic carrier disclosed the ...
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AAPA calls on governments to do more for air travel
While there have been “positive” steps taken to establish travel bubbles and essential travel ‘green lanes’ in the Asia-Pacific region, more can be done to better coordinate an air travel recovery amid the coronavirus crisis. Releasing its traffic data for September, the Association of Asia Pacific Airlines (AAPA) doubled ...
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Pandemic speeds retirement of older, high-maintenance aircraft
The coronavirus travel downturn is accelerating the retirement of aircraft that are older, less fuel-efficient, and higher maintenance, including Boeing 777 aircraft, Airbus A330 and A380 aircraft, as airline capacity may not return to pre-pandemic levels until 2024, if at all. Airlines will have to reduce costs by selling ...
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SIA Engineering flags ‘material impact’ on first-half earnings
SIA Engineering will recognise a non-cash impairment provision against its base maintenance assets in its upcoming financial results for the six months ended 30 September, where it expects a “material impact” from the coronavirus crisis. Releasing its profit guidance for the period, SIAEC adds that it was working on ...
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JetBlue reports sharply lower Q3 but sees leisure rebound
JetBlue Airways reported sharply declining third-quarter financial results but remains optimistic that the coming weeks will bring recovery as customers begin planning travel for the end-of-year holiday season.
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Airline cash burn to continue throughout 2021: IATA
Airlines will struggle to cut unit costs sufficiently to prevent cash burn continuing throughout 2021, based on current demand assumptions, according to IATA.
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ACI Europe claims nearly 200 of region’s airports ‘face insolvency’
ACI Europe has warned of the “collapse of significant parts of the air transport system” because of a worsening outlook for passenger demand.
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News
ANA Group plans new airline, big fleet cuts
The All Nippon Airways (ANA) Group will conduct a major revamp of its business model that involves launching a new airline brand and retiring far more aircraft than originally planned. The group will make these and other significant changes as part of its response to the coronavirus pandemic that ...
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ANA swings to big first-half operating loss amid pandemic havoc
All Nippon Airways’ parent company ANA Holdings ended its first half of fiscal 2020 deep in the red, as it forecast a record full-year net loss of Y510 billion ($4.7 billion), citing a “significant decline” in passenger travel demand. The group also expects to book significant impairment losses – ...
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Argentine LCC protests ongoing closure of El Palomar
Argentine low-cost carrier Flybondi has strongly protested the government’s decision to keep Buenos Aires’ secondary airport El Palomar closed as the country slowly reopens following the coronavirus crisis.
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Qantas eyes pivot to Asia destinations in Covid-19 recovery
Qantas is eyeing new international destinations and a larger share of Australia’s domestic market as it emerges from the Covid-19 crisis, company executives said today. The airline is keeping an eye on the potential for travel bubbles with parts of Asia, chairman Richard Goyder said at the flag carrier’s ...
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News
MHI denies reports of SpaceJet development freeze
Mitsubishi Heavy Industries (MHI) has denied reports that it will freeze development of the Mitsubishi Aircraft SpaceJet, but is looking at “possibilities” for the regional jet programme. “MHI is continuing a detailed review of the schedule of the SpaceJet program, in view of the impact of COVID-19, and is ...
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News
Thai pitches simplified fleet and rental haircuts: sources
Thai Airways International has outlined a broad plan to its lessors that would involve reductions in both its total fleet size and the number of aircraft types it operates, plus haircuts for lessors, sources have revealed. The flag carrier’s chief financial officer presented the proposals during a 21 October ...
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News
Southwest reports record loss, addresses fleet changes and travel rebound
Southwest Airlines, the last of the four major US airlines to report third-quarter results, posted a record loss for the period but remains optimistic that the worst of the downturn has passed and that demand is rebounding.
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American posts $2.4bn loss in Q3, retires all A330s
American Airlines reported a staggering third-quarter loss and announced additional fleet retirements as it joins industry peers in lurching toward a new normal following the shock of the coronavirus pandemic.
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In depth
Resilient Philippine Airlines fights the odds against coronavirus
The Philippines has had a tough run during the coronavirus pandemic, but Philippine Airlines (PAL) is determined to keep fighting to preserve the island nation’s connectivity.
