All Coronavirus articles – Page 35
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NewsGovernments ‘killing aviation’ by not managing border risks: IATA
The lack of co-operation between governments is stymieing the restart of commercial air travel amid the coronavirus pandemic, potentially causing “irreparable demand to global connectivity”, according to IATA.
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Airline BusinessNew Jeju Air boss sees pandemic as defining moment
The chief executive of South Korean low-cost carrier Jeju Air is focusing on the basics as the airline grapples with the effects of the coronavirus pandemic. E-Bae Kim has been chief executive of Jeju Air since 1 June, following a 30-year career with Asiana Airlines. His predecessor in the role, ...
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NewsThai airlines petition prime minister for $774m in soft loans
Senior management of seven Thai airlines have petitioned the country’s prime minister to provide Bt24 billion ($774 million) in soft loans to local carriers. The government said in a 28 August statement posted on its website that executives from Thai AirAsia, Thai AirAsia X, Thai Smile, Thai Lion Air, Thai ...
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NewsDelta and American follow United in abolishing change fees
A day after United Airlines killed the long-hated change fee, Delta Air Lines and American Airlines have matched the Chicago-based carrier’s move, also pledging to “permanently” eliminate all change fees for domestic and some international travel.
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NewsChina’s ‘Big Three’ carriers suffer first-half losses
At least one of China’s three largest state-owned carriers has explicitly warned that the coronavirus outbreak will continue to severely impact its profitability in the short term. In the release of its half-yearly results, China Southern Airlines says the “severe impact” of the pandemic has led it to predict ...
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Airline BusinessOnce the industry’s darlings, Asian LCCs struggle in pandemic’s wake
Asia-Pacific’s low-cost carriers were once the region’s success stories and seen as the next phase of growth. Amid the coronavirus outbreak though, many are now struggling. How will they overcome the crisis?
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NewsUnited to furlough 2,850 pilots by end-2020
United Airlines will furlough 2,850 of its 13,000 pilots by the end of 2020 as passenger demand remains low and federal funding for airlines runs out in the coming weeks.
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NewsNorwegian warns more cash needed to survive crisis
Restructuring low-cost carrier Norwegian has warned it will require further financing next year to survive the winter as coronavirus-related travel restrictions continue to hamper the recovery in air travel
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NewsBoeing-SIAEC joint venture cuts 13% of workforce
Singapore-based Boeing Asia-Pacific Aviation Services (BAPAS), a services joint venture between Boeing and SIA Engineering, has laid off 13% of its workforce, as the coronavirus outbreak continues to affect the aviation sector. The move, which BAPAS says was “taken as a last resort”, will affect 27 of its 204 employees ...
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NewsCrisis forces Rolls-Royce to rethink ITP Aero retention
Such has been the sweeping impact of the air transport crisis that Rolls-Royce is floating the divestment of its Spanish-based turbine business ITP Aero just three years after its acquisition – having previously insisted the business was not for sale. Rolls-Royce, which had long held 47% of ITP Aero, turned ...
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NewsRolls-Royce considers contingencies in case crisis deteriorates
Rolls-Royce is drawing up contingency plans for a worst-case scenario which envisions a second wave of restrictions emerging from an upsurge in the pandemic, resulting in further travel limitations this year or early in 2021. It has outlined the impact of this “severe but plausible” scenario in its half-year briefing, ...
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NewsRolls-Royce weighs ITP Aero disposal as civil aerospace activity buckles
Rolls-Royce is weighing the disposal of its ITP Aero division as a halving of flying hours, depressed deliveries, and heavy exceptional charges sent its civil aerospace division into an underlying gross loss of more than £1.5 billion ($2 billion). It says it is reviewing its portfolio to identify assets “no ...
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NewsAir New Zealand posts first loss in 18 years
Air New Zealand reported an NZ$87 million ($58 million) underlying loss for the financial year (FY) ended 30 June, as the Covid-19 pandemic swiftly changed its fortunes during the reporting period. “The 2020 financial year has been a year of stark contrast. Air New Zealand had a solid start to ...
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NewsAirAsia X posts record quarterly loss amid ongoing grounding
Beleaguered long-haul, low-cost carrier AirAsia X will remain grounded “in the near term”, as it trims its fleet and network amid a record operating loss. The carrier, which only operates international routes, is also looking to sell two Airbus A330 aircraft to raise cash, and negotiating the early return of ...
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NewsCzech carriers apply for protection to stabilise finances
Czech operator Smartwings Group has formally sought temporary creditor protection to buy time to achieve financial stability during the air transport downturn. Smartwings Group, which includes both Smartwings and Czech Airlines, says it has filed with a Prague court for an extraordinary moratorium. The temporary measure provides space to negotiate ...
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NewsGermany to abandon airport testing and reimpose quarantine
Germany is expected to announce this week that it will replace Covid-19 testing at airports for passengers from high-risk countries with a mandatory quarantine period of up to 14 days, prompting dismay from airline representatives.
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NewsCrisis interrupts Croatia Airlines talks to cancel A320neo order
Croatia Airlines has disclosed that it has been discussing the cancellation of its Airbus A320neo order, the latest twist in a single-aisle situation dating back 12 years. Its order for four of the re-engined jets was placed in September 2015 – four months before the type entered service – with ...
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NewsSingapore and Indonesia mull essential travel ‘green lane’
Singapore and Indonesia will begin discussions over a “green lane” for essential travel between the two countries.
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NewsAirAsia to focus on domestic recovery amid widened Q2 loss
AirAsia Group anticipates a return to profitability “in the years to come”, with demand — particularly for domestic travel — expected to increase in the second half of the year. At the release of its second-quarter financial results, group chief executive Tony Fernandes says AirAsia Group has reduced its costs ...
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NewsFinnair to cut 1,000 jobs and continue temporary layoffs
Finnair has started negotiations to cut up to 1,000 permanent jobs – 15% of its total workforce – amid “exceptionally tight” travel restrictions in its home country.