All Coronavirus articles – Page 27
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NewsAir Canada reports Q3 loss, defers aircraft deliveries
Air Canada reported another quarterly loss as it continues to shrink its fleet and defer aircraft deliveries amid a slow recovery hindered by ongoing strict travel restrictions in the country.
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NewsUnited adds 1,400 flights ahead of the US Thanksgiving holiday
United Airlines is adding 1,400 flights ahead of the all-important Thanksgiving holiday weekend as US leisure travellers prepare to visit family and friends in other parts of the country, many for the first time since the beginning of the coronavirus pandemic.
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OpinionPositive vaccine news comes just as airline industry needed it the most
Carriers in the northern hemisphere are heading into a winter season that is likely to be bleaker than even their worst pre-pandemic nightmares could have imagined.
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NewsGaruda sees quarterly losses narrow on revenue uptick
Garuda Indonesia trimmed its quarterly losses — led by a modest uptick in revenue — as it saw some degree of domestic recovery amid the coronavirus crisis. Releasing its results for the quarter ended 30 September, the Indonesian flag carrier posted an operating loss of $346 million, reversing the $171 ...
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NewsCanada considers financial aid for aviation industry
The government of Canada has said it is considering financial aid for that country’s aerospace industry, as the coronavirus crisis drags on.
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NewsSouthwest plans to furlough 42 workers after cost-cutting talks break down
Southwest Airlines has warned a group of employees that their jobs are in danger after talks with the workers’ union about cost-cutting measures across the company broke down.
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NewsSIA seals Airbus deferrals, Boeing negotiations reach ‘advanced stage’
Singapore Airlines Group has confirmed that its outstanding Airbus aircraft on order have been deferred and that it is close to concluding similar talks with Boeing. In today disclosing record half year losses amid the coronavirus crisis, SIA Group states that it has “concluded negotiations with Airbus on a revised ...
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NewsSteep impairment costs drag SIA to record S$3.5 billion net loss for half year
Singapore Airlines Group took on a hefty impairment charge of S$1.33 billion ($987 million) from the early retirement of 26 older aircraft — including seven Airbus A380s — which led to a record net loss in its half-yearly earnings. The group says that the 26 aircraft were “deemed surplus to ...
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AnalysisOnce prolific operators, Japanese majors bid sayonara to venerable 777 ‘Classics’
Once profilic operators of the Boeing 777, Japan Airlines and All Nippon Airways have recently announced that they will cut their 777 fleets by significant numbers. While not entirely a surprise given the state of the aviation industry, this marks the passing of an era for Japanese carriers, which have been intimately entwined with programme from its infancy decades ago.
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NewsGMF AeroAsia falls to steep nine-month loss
GMF AeroAsia continued its loss-making streak for the year, reporting an operating loss of $178 million for the nine months ended 30 September. This was in contrast to the $24.5 million operating profit it made during the same period last year, and a significant jump from its six-month loss of ...
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NewsAir cargo demand helps Korean to Q3 operating profit
Air cargo demand helped Korean Air eke out an operating profit of W7.6 billion ($6.5 million) in the third quarter — its second consecutive profitable quarter since the coronavirus struck — but its overall revenue was down more than half from a year earlier. The W7.6 billion operating result for ...
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NewsThai puts 34 aircraft on sale, including entire 747 fleet
Embattled Thai Airways has put up its entire Boeing 747 and its 777-200/300 fleet up for sale, as it aims to raise cash amid a long-drawn business rehabilitation process. The Star Alliance carrier disclosed on its aircraft trading website that 34 aircraft from its fleet will be put up for ...
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NewsAirAsia X makes creditor status concession to Malaysia Airports
AirAsia X (AAX) has agreed to classify Malaysia Airports as a secured creditor, as it seeks to expedite its massive debt restructuring programme. “After consultation, AirAsia X has accommodated [Malaysia Airports] and made certain clarifications and revised the scheme under two separate classes ’A’ and ‘B’,” says the carrier in ...
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NewsPandemic shakes banks’ trust in state support of flag carriers
The Covid-19 crisis has forced lenders to reassess their traditional view of flag carriers as relatively safe credits due to their implied government support, two aviation financiers have suggested. Going into the crisis in March, Deutsche Bank’s Richard Finlayson expected Asian governments to be more supportive of their airlines and ...
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NewsBrazil’s Gol reports Q3 loss, sees important recovery metrics
Brazilian airline Gol lost R1.7 billion ($301 million) in the third quarter but sees signs of industry improvement, as leisure passengers return to air travel.
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NewsAirline passenger demand ‘hit wall’ in September: IATA
Weak international travel demand continued to weigh heavily on the airline industry’s performance in September, according to the latest data from IATA.
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In depthAirline coronavirus recovery tracker: November 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.
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NewsQantas, Jetstar gear up for Sydney-Melbourne reboot
Qantas and low-cost unit Jetstar plan to operate “thousands of flights” following the decision by the New South Wales state to open its borders from 23 November. The border opening to Victoria state will see the two carriers operate over 250 flights across five routes, to Victoria’s capital Melbourne and ...
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NewsPool of financeable airlines down to a handful: Wings Capital
The pool of airlines that lenders are willing to accept as collateral has gone “really just down to a handful” amid the Covid-19 pandemic, the chief financial officer of Wings Capital Partners has said. At the beginning of the crisis, everyone in the industry was “just trying to assess what ...
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NewsMexico’s Interjet future unclear amid strike, operational halt and reports of near-bankruptcy
Mexico’s low-cost carrier Interjet is on the verge of collapse after the airline cancelled flights over the weekend and a union representing its workers called for a strike to protest unpaid wages, reports say.