Latest Airlines news – Page 216
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NewsAustralian leaders sound cautious tone on international reopening
Australian cabinet ministers have suggested that international travel to the country might not open up until the second half of 2022.
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NewsCovid-19 crushes AirAsia Group Q1 traffic figures
AirAsia Group carriers reported a significant decline in passenger traffic for the first quarter of 2021, amid an uptick in coronavirus cases in key markets that threaten hopes of a recovery.
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NewsTaiwanese carriers in the red for first quarter
Taiwan’s two main carriers — China Airlines and EVA Air — were both loss-making in their first quarter earnings as revenue took a hit.
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NewsEl Al scraps 737-800 sale-and-leaseback plan
Israeli flag-carrier El Al has dropped plans to enter a sale-and-leaseback transaction for three Boeing 737-800s with an undisclosed foreign company. El Al had stated in April last year that it signed a memorandum of understanding covering the deal for the three aircraft, all manufactured in 2009. The airline has ...
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NewsIndia domestic travel collapses amid Covid-19 crisis
India’s coronavirus crisis has seen daily departures drop below 100,000, with numerous countries suspending virtually all travel from the South Asian country.
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NewsAir France-KLM ponders equity moves as first-quarter loss widens
Air France-KLM is considering further equity measures to strengthen its balance sheet after first-quarter operating losses deepened to €1.18 billion ($1.42 billion). Group revenues of €2.2 billion for the three months ending March 2021 were down 55% on the same period last year, during which the pandemic impact was just ...
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NewsSATA state support approved but probe continues into earlier measures
Portuguese carrier SATA Air Acores has been cleared to take government compensation and liquidity support worth over €267 million ($320 million), but a previous investigation into suspected illegal support measures is being extended. European Commission regulators have cleared a €12 million state grant to SATA Air Acores, as compensation for ...
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NewsTurkish Airlines heavily reduces first-quarter losses
Turkish Airlines managed to contain first-quarter operating losses to $72 million, a substantial improvement on the $300 million loss for the same period last year. The airline even generated a $61 million net profit for the first three months. Turkish Airlines’ revenues for the quarter remained down by 29% at ...
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NewsMajor airlift underway to help India fight Covid-19
Air forces and airlines are conducting a major airlift operation to bring urgently needed medical supplies to India amid the South Asian nation’s coronavirus crisis.
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NewsPAL informs lessors of Chapter 11 filing deadline: sources
Philippine Airlines has informed its lessors of a plan to file for Chapter 11 bankruptcy protection in the USA by the end of May, three people with knowledge of the matter tell Cirium.
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NewsNorwegian outlines NKr6bn capital increase for restructuring
Scandinavian budget carrier Norwegian is looking to raise up to NKr6 billion ($725 million) as part of its broad restructuring plan, following court approvals of arrangements to exit examinership processes. Norwegian has reduced debt and cancelled large numbers of aircraft orders during the restructuring, and is looking to emerge with ...
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NewsPandemic pushes Vietnam Airlines to first-quarter loss
Vietnam Airlines saw significant losses during the first quarter of 2021 owing to Covid-19.
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NewsAir New Zealand, Air China renew partnership
Air New Zealand has extended its strategic alliance partnership with Air China for another five years, as both carriers reiterated their commitment to work together as the airline industry recovers from the coronavirus pandemic.
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NewsSingapore Airlines secures S$2 billion in sale-and-leasebacks
Singapore Airlines has raised S$2 billion ($1.5 billion) in sale-and-leaseback transactions involving 11 aircraft.
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NewsFlydubai counts full-year cost of crisis disruption and Max grounding
Middle Eastern carrier Flydubai has turned in a full-year loss of Dhs713 million ($194 million), but believes its business fundamentals remain strong. The airline’s revenues halved to Dhs2.8 billion in the 12 months to 31 December 2020. Flydubai says its operations were “severely curtailed” for 14 weeks, from 24 March ...
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NewsPIA outlines latest restructuring plan to return to profitability
Pakistan International Airlines (PIA) has confirmed that a restructuring plan is in place to return the airline back to profitability, though the coronavirus pandemic has delayed some of these plans.
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NewsIcelandair Group reaches tentative agreement to sell tour operator
Icelandair Group and tour specialist Nordic Visitor have reached a heads-of-terms agreement over the sale of the group’s entire shareholding in tour operator Iceland Travel. The company, which wholly-owns Iceland Travel, disclosed earlier this year that it would divest the division as part of its focus on core flight operations. ...
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NewsPressured Mango to continue flights into May
Troubled South African low-cost carrier Mango Airlines has confirmed it will continue operations into May despite concerns over its ability to meet a reported end-April payment deadline set by creditors.
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NewsANA forecasts profit return for year ahead after pandemic losses
All Nippon Airways’ (ANA) parent company expects to swing back to profitability for the current business year, on the back of air travel recovery helped by an improving global economy and vaccine rollouts.
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NewsChina’s ‘Big Three’ still in the red, though quarterly losses narrow
China’s three largest airlines warned that they were far from being out of the woods, despite narrowing their losses and a pickup in passenger traffic.