Latest Airlines news – Page 261
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NewsCathay posts $580m loss for January to April on coronavirus impact
Cathay Pacific and its subsidiary Cathay Dragon made a HK$4.5 billion ($580 million) loss for the first four months of the year, according to unaudited financial results, amid depressed travel demand during the coronavirus outbreak. Releasing its traffic figures for April, Cathay adds that the financial outlook in the next ...
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NewsSIA coy on accelerated retirements amid pandemic hit
Singapore Airlines will fully phase out the older aircraft types in its fleet - such as the Boeing 777-200ER and Airbus A330-300 - within a year, but declines to say whether the retirement of the widebodies has been accelrated by the coronavirus outbreak.
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NewsEl Al awaiting final 787 as it cancels 737 leases
Israeli flag-carrier El Al has yet to take delivery of its final Boeing 787, while the airline shuffles its current fleet as part of efforts to reduce cash burn. The carrier’s rejig includes cancelling a lease for two more Boeing 737-800s, it has disclosed in a newly-released full-year financial statement. ...
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NewsEl Al still discussing loan with carrier's survival at stake
Israeli flag-carrier El Al has warned that the survival of the airline is uncertain as it seeks to secure urgent funding to cope with the coronavirus crisis. In its belated full-year financial statement, El Al says a loan is “essential” and that the are “significant doubts” about the continued existence ...
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NewsRussian government grants subsidies to coronavirus-hit airlines
Russia’s government is allocating Rb23.4 billion ($317 million) to the country’s carriers to provide financial support as the coronavirus crisis begins to affect their operations substantially. Passenger traffic among Russian airlines was down by 93% in April. Aeroflot, Rossiya and Ural Airlines passengers numbers fell by 92-95%, while Utair’s and ...
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NewsJet Airways invites expressions of interest for a fourth time
Jet Airways, the Indian carrier that suspended operations last year amid financial difficulties, has launched a fourth search for a buyer. A document on the Mumbai-based carrier’s website, a version of which was also published in various Indian newspapers, sets a deadline of 28 May 2020 for expressions of interest. ...
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NewsKorean Air raises $1.8 billion from new shares and government aid
Korean Air will raise W2.2 trillion ($1.8 billion) in fresh capital – W1 trillion from a new share issue and W1.2 trillion in government aid – to overcome challenges posed by the Covid-19 pandemic. The carrier will issue 79 million shares at W12,600 each, a move it says was decided ...
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NewsQatar plans near 20% staff and fleet cuts; pledges support for investments
Group chief indicates carrier will retire around 50 aircraft and almost a fifth of its staff in the wake of the coronavirus pandemic.
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NewsIATA: Passenger demand may not recover until 2024
IATA has warned the coronavirus crisis will result in semi-permanent damage to the airline industry and may subdue passenger revenues until 2024.
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NewsEASA to set out ‘safety protocol’ for restoration of air transport
Europe’s aviation safety authority is to set out, in the next few weeks, technical operational guidelines to enable the air transport industry to adopt a co-ordinated approach to restoring airline travel.
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NewsCarriers should enhance voucher appeal to relieve refund pressure: EU
European Union regulators have laid out guidelines intended to reduce the pressure on airlines to refund passengers for flights cancelled through the coronavirus crisis, by enhancing the appeal of voucher schemes. The European Commission’s executive vice-president, Margrethe Vestager, stated during a briefing on travel and tourism strategies on 13 May ...
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NewsTUI Group to ‘right-size’ airlines as cuts affect 8,000 staff
Leisure giant TUI Group is aiming to cut or avoid recruiting around 8,000 personnel as it looks to overhaul its global activities in response to the coronavirus crisis. TUI Group says it will “right-size” its airlines and its order book, as well as divest non-profitable businesses. It is intending to ...
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NewsAustralia’s Rex studies launch of capital city flights
Australia’s Regional Express has confirmed plans to expand into capital city flights within Australia. “Rex discloses that it has been approached by several parties interested in providing the equity needed for Rex to start domestic operations in Australia,” it said in a statement to the Australian Securities Exchange (ASX) today, ...
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NewsThai AirAsia parent slips into first-quarter loss
Thai AirAsia’s parent company has posted an operating loss of Bt1.37 billion ($42.7 million) in the first quarter of 2020, partly due to a fall in its total revenue. This contrasts to an operating profit of Bt1.12 billion for the same quarter last year. Asia Aviation’s revenue for the quarter ...
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NewsUS regional Mesa reports $14 million profit
Mesa Air Group generated a $14 million operating profit for its fiscal second quarter, a 41% drop year-over-year, even as the coronavirus crisis has caused a significant drop air travel demand in the USA. The parent company of Mesa Airlines, which operates flights through capacity purchase agreements with American Airlines ...
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NewsBA CityFlyer looks to rejig Edinburgh crew base and cut pilot numbers
British Airways’ CityFlyer division is looking at changes to its Edinburgh crew base and cutting 72 pilots as part of restructuring being introduced in response to the coronavirus crisis. CityFlyer primarily operates out of London City and Edinburgh, using a fleet of Embraer 190s and 170s. The airline has formally ...
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NewsRyanair aims to re-open most of its network from 1 July
Ryanair is to reinstate flights across some 90% of its network from the beginning of July, with an ambitious bid to restore an air transport operation demolished by the coronavirus crisis. While much of the network will be available, with most bases active, the overall schedule – around 1,000 daily ...
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NewsChangi airport to close Terminal 4 indefinitely from 16 May
Singapore’s Changi airport will temporarily close Terminal 4 (T4) from 16 May, “in view of the small number of flights still operating in the terminal”. “The timing of [when T4 will resume operations] will depend on when air travel demand picks up and on the requirements of airlines seeking to ...
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NewsAuckland airport uses Covid-19 downtime for runway replacement
Auckland airport is bringing forward runway pavement replacement work while operations are at a minimum during the Covid-19 outbreak. “We’ve experienced a significant reduction in flights and passenger numbers, with aircraft movements currently 90-95% lower than a normal busy day,” Andre Lovatt, general manager of airport development and delivery, said ...
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NewsALTA names new executive director
The Latin American and Caribbean Air Transport Association (ALTA) says it has named Brazilian Jose Ricardo Botelho as its next executive director and chief executive.