All Coronavirus articles – Page 29
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NewsSIA 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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NewsJetBlue 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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NewsAirline 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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NewsACI 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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NewsANA 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 has ...
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NewsANA 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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NewsArgentine 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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NewsQantas 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 annual ...
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NewsMHI 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 moving ...
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NewsThai 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 virtual ...
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NewsSouthwest 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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NewsAmerican 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 depthResilient 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.
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NewsHawaiian reinstates flights to Boston, New York
Hawaiian Airlines will reinstate its flights to the northeast USA as the weather there turns cold and potential customers who have refrained from travelling due to the coronavirus may be thinking of a winter getaway.
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NewsNationalise Air Canada? Union floats idea of returning to government ownership
A Canadian union has floated the idea of re-nationalising legacy carrier Air Canada in light of the “disheartening impact” of the coronavirus pandemic and the government’s lack of support for the industry.
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NewsAir Canada will fly all-business-class A319s to warm-weather cities this winter
Air Canada will deploy all-business-class configured Airbus A319s on selected scheduled routes this winter as it searches for passengers after the coronavirus decimated Canada’s air transport industry.
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In depthHow protests and pandemic pushed Cathay to the brink
As Covid-19 tore into the aviation industry, some airlines were able to fall back on the profits of previous years, but the impact of anti-government protests removed any possible cushion for Hong Kong’s flag carrier.
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NewsSIA Group utilised 70% of proceeds from June rights issue
SIA Group has utilised S$6.2 billion ($4.6 billion) of S$8.8 billion gross proceeds from a rights issue completed in June. The amount was drawn down between 8 June and 13 October, and besides a one-time S$2 billion repayment of a bridge loan from DBS Bank, key components are S$1.6 billion ...
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NewsAirAsia Berhad secured new loan: airline chief
Budget carrier AirAsia Berhad has agreed fresh funding as it seeks to navigate its way through the Covid-19 crisis. The Kuala Lumpur-based airline tells Cirium in a statement that it is unable to disclose the lenders or the amount being made available. Source: AirAsia AirAsia has confirmed that ...
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NewsCathay confirms 777-9 deliveries delayed to ‘beyond 2025’
Cathay Pacific has given an indication of the timeline surrounding deferrals of its Boeing 777-9 aircraft, confirming that the widebodies will only be delivered “beyond 2025”.