All articles by Graham Dunn – Page 64
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NewsEuropean airlines to post heaviest net loss of all regions in 2021
European carriers are projected to post the largest losses of any region next year as the already high level of load factors required to breakeven means they cannot cut costs sufficiently to operate profitably.
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NewsIATA optimistic Brexit will not impact air service continuity
IATA is confident network connectivity will not be impacted by the UK’s impending departure from the EU at the end of the year.
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NewsHigh debt levels will hamper airline recovery: IATA
Airlines face a challenge to recover from the increased debt burden which has resulted from efforts to survive the crisis with the industry not projected to turn cash positive for another year.
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Airline BusinessAsian and North American airlines to lead recovery but all regions loss-making in 2021
IATA expects airlines in Asia-Pacific and North America to lead the recovery in 2021 aided by strong domestic markets, though it still sees all regions loss-making as international passenger markets struggle to recover from the pandemic.
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NewsIATA to hold AGM in Boston next June
IATA is to hold its next annual general meeting in Boston in June 2021, the airline trade association has confirmed. The event will be held between 27-29 June 2021 and will be hosted by US carrier JetBlue Airways. Source: Shutterstock It will mark a return to the ...
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NewsNorway extends repayment term for airline state-guarantee scheme
Norway has further extended the terms of a state-backed loan guarantee scheme it has granted its carriers. While Norway’s government earlier this month rejected Norwegian’s request for more state aid – a move the struggling carrier cited as a factor when two of its Irish units filed for financial protection ...
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NewsEngland to cut mandatory quarantine period in mid-December with new test option
Passengers entering England from countries outside its safe travel corridor programme will from 15 December be able to cut the period for which they have to automatically self-isolate from 14 days if they record a negative coronavirus test five days after arrival.
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NewsWillie Walsh set to take IATA helm as de Juniac steps down
IATA governors are to recommend former IAG chief executive Willie Walsh as its new director general after Alexandre de Juniac announced his decision to step down from the role at the end of March.
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NewsIATA urges governments not to wait for vaccine to open markets
IATA is urging governments to press ahead with adopting systematic testing as a means to reopen borders to air travel even with the recent positive news regarding a potential coronavirus vaccine.
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NewsGreek state set to contribute €120m to Aegean Airlines capital increase
Greece is set to provide up to €120 million ($142 million) in state support for Aegean Airlines as part of a wider capital increase for the Greek carrier.
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Airline BusinessDe Juniac on why IATA focus is still on crisis management
The association’s director general Alexandre de Juniac will address the AGM on 24 November with IATA very much still in crisis management mode.
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Airline BusinessIATA’s Mikosz on testing challenge for airline restart – and beyond
One of the risks for the airline industry when some kind of normality returns is states using the cover of public health to protect struggling carriers by restricting market access.
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Airline BusinessChanging faces leading the airline industry’s bid for recovery
A number of long-standing airline leaders have either announced their intention to or stepped down over the past six months leaving their successors with the challenge of taking over during the toughest of challenges
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NewsJet2 sees winter capacity at half previous-year levels
UK leisure carrier Jet2 expects its winter seat capacity to be about half the levels of last year amid the continued impact of the pandemic after today posting an operating loss of £111.2 million ($147.3 million) for the six months to September 2020.
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NewsNorwegian seeks financial protection as units file for Irish restructuring
Norwegian has initiated a formal financial restructuring for its Norwegian Air International subsidiary and aircraft leasing unit Arctic Aviation Assets under an Irish examinership process. The cash-strapped low-cost carrier says the purpose of the process is to reduce debt, rightsize the fleet and secure new capital. In initiating an examinership ...
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NewsLufthansa network carriers to end free meals on short-haul flights
Lufthansa, Swiss and Austrian Airlines are to switch to a buy-on-board meal service for economy passengers on short- and medium-haul flights next year.
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NewsUK seals fresh air services deal with USA
UK and US officials have today signed an air services agreement to ensure flights can continue between the two countries once the existing EU transition period ends this year. Currently flights are covered under the existing air services agreement between the EU and the USA. But the UK’s Brexit transition ...
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NewsSouth Africa’s Airlink underlines independence with new livery
South African carrier Airlink has unveiled a new livery to mark its move to standalone operations.
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NewsKLM keeps focus on retaining destinations despite capacity cuts
Dutch carrier KLM now expects to operate around 40% of its pre-crisis levels of capacity on European routes over the coming months as a result of fresh travel restrictions imposed to counter the coronavirus. It expects to serve around 90-95% of the European destinations it flew to pre-crisis. The majority ...
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NewsPandemic drives Emirates to its first half-year loss
Emirates Group posted a loss of Dh14 billion ($3.8 billion) for the six months ended 30 September as revenues slumped 74% during the first half of its pandemic-hit financial year.