All articles by Graham Dunn – Page 75
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Airline BusinessCoronavirus crisis to bring airline profits run to abrupt halt
While IATA stopped short of issuing any fresh forecasts for the year in its latest media briefing, the airline trade association left little doubt regarding the extent to which the coronavirus crisis will drive the industry’s unprecedented run of profits to an abrupt end.
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NewsIATA warns government action needed to tackle airline liquidity crisis
Airline trade association IATA is calling for governments to urgently step in with financial support measures, warning a liquidity crisis resulting from the swathe of capacity cuts means many airlines are close to running out of cash.
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Airline BusinessEurope’s carriers lurch into full crisis-mode as capacity slashed
From the moment the World Health Organisation (WHO) director-general Tedros Adhanom Ghebreyesus on 13 March stated that Europe was now the epicentre of the coronavirus pandemic, further drastic cuts to air travel in the region seemed an inevitability.
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NewsAir France A380s and KLM 747s grounded amid major capacity cuts
Air France is to ground its Airbus A380s and its Dutch sibling carrier KLM its full Boeing 747 fleet as part of wider capacity cuts the group expects will result in in potential cuts in its ASK capacity of between 70% and 90%.
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NewsAir Baltic to suspend flights until 14 April as Latvia tightens restrictions
Air Baltic is to temporarily suspend flights from 17 March until 14 April following the Latvian government’s decision to suspend international air traffic as part of measures to counter the coronavirus crisis.
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NewsMilan airport operator to focus traffic on Malpensa as it closes Linate
Milan airports operator SEA is to temporarily close its city centre airport Linate from 16 March and shut one terminal at the city’s larger Malpensa airport.
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NewsNorway to temporarily shut its airports
Norway is to temporarily close its airports from 16 March as part of wide-ranging restrictions aimed tackling the spread of the coronavirus pandemic.
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In depthTimeline of the twists and turns in the grounding of the Boeing 737 Max
On 13 March 2019 the US essentially completed the global grounding of the Boeing 737 Max, following two fatal crashes involving the type in the space of five months.
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NewsIATA spells out financial danger for airline industry of travel bans
IATA has warned governments must be ready to provide support to counter the impact of travel bans implemented to counter the coronavirus outbreak, warning measures such as the ban imposed by the USA were not included in its recent worse-case scenario for the financial hit to the industry.
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NewsRome airports operator to close Ciampino to scheduled flights during crisis
Italian airports operator Aeroporti di Roma (ADR) is to temporarily close the scheduled passenger terminal at Rome Ciampino airport from midnight on 13 March and one of the terminals at the city’s primary Fiumicino gateway.
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NewsUK chancellor sets ‘spring 2020’ timing for APD reform consultation
Consultation on a review into the UK air passenger duty levels is now expected in “spring 2020” the country’s new chancellor Rishi Sunak disclosed today in delivering his first budget.
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NewsAir France-KLM traffic fall in February shows first signs of impact
Air France-KLM figures showing traffic on Asia-Pacific routes down a quarter in February provide the first clear passenger data illustrating the impact on European carriers of the coronavirus outbreak.
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NewsSAA launches airline-wide consultation on job cuts
Administrators for South African Airways have launched a consultation covering its almost 5,000 staff members on job cuts as it bids to restructure its workforce for a slimmed-down operation.
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NewsUK transport minister urges slot co-ordinator to ease rules amid coronarvirus
UK transport minister Grant Shapps has written to national slot co-ordinator Airport Co-ordination Limited (ACL) to “explicitly” take into account the impact on the environment of airlines flying empty aircraft in taking its decision on slot rules alleviation.
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NewsStruggling UK carrier Flybe reportedly set to cease operations
Troubled UK regional carrier Flybe is widely reported to be set to cease operations and file for administration.
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NewsChina launches funding scheme to keep services flying through coronavirus
China has detailed plans for a funding scheme aimed at incentivising airlines to continue or restore services in the light of heavy network cuts amid the coronavirus outbreak.
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NewsFinnair, Wizz latest European carriers to extend cuts to counter coronavirus
Finnair and central European budget carrier Wizz have become the latest European carriers to detail more plans for cuts in response to the coronavirus outbreak.
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Airline BusinessWhy strong Ryanair and Wizz February traffic offers few clues to coronavirus impact
Monthly traffic figures for February released by Ryanair and Wizz Air today offer little indication of the impact on air travel demand of the spread of the coronavirus into Europe.
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NewsSAS pulls full-year financial guidance amid coronavirus uncertainty
Scandinavian carrier SAS has withdrawn its full-year financial guidance amid uncertainty around the impact on air travel demand of the coronavirus outbreak.
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NewsIATA seeks freezing of slot rules to aid coronavirus capacity cuts
IATA is contacting aviation regulators to request the suspension of rules governing airport slots for the remainder of the winter season and for the upcoming summer timetable as airline pull back capacity in the light of the spread of the coronavirus.