Latest Airlines news – Page 267
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NewsIndian regional carrier falls victim to coronavirus pandemic
Air Deccan, a small regional airline that was once India’s largest low-cost carrier, has become the first airline in the country to fall victim to the coronavirus pandemic. Cirium fleets data shows the airline has just two 19-seater Beechcraft 1900Ds but once boasted Airbus narrowbodies and ATR turboprops. It announced ...
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NewsEasyJet founder refuses to inject new funds as he directs ire at CFO
EasyJet founder and shareholder Stelios Haji-Iaonnou has refused to inject any fresh capital into the UK budget airline while a contract to acquire further Airbus jets remains in place, and is turning his wrath on chief financial officer Andrew Findlay. Haji-Ioannou has named Findlay as the second director he aims ...
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NewsIcelandair Group studies options to avoid liquidity depletion
Icelandair Group has recruited advisors to look into options for reinforcing its capital structure, and explore possibilities for strengthening its competitiveness. It states that its liquidity position is still “well above” its minimum level of $200 million. But it adds that – given the assumption of “minimum revenue generation” in ...
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NewsVirgin Australia closes New Zealand crew base
Virgin Australia has closed its New Zealand flight crew base, a move their union says affects around 600 jobs. The E tū union said in a 4 April statement that the carrier emailed staff the previous night telling them that the closure was effective immediately. Virgin has already suspended operations ...
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NewsLufthansa Group finance chief resigns citing health reasons
Lufthansa Group chief financial officer Ulrik Svensson has resigned from his position, citing health reasons. The German airline company has disclosed that he will step down on 6 April. It has not given any further details on the circumstances behind Svensson’s decision. He has served as the company’s finance head ...
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NewsUS government reminds airlines of ticket refund rules amid pandemic cancellations
An increase in passenger complaints have led the US Department of Transportation to remind airlines that even amid the coronavirus downturn they must abide by government air ticket refund regulations.
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NewsFile coronavirus grant applications by end of day 3 April: US government
The US Department of the Treasury is asking airlines and air transport businesses to submit applications for government payroll grants via an online portal before the close of the 3 April business day.
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NewsAir Baltic service-resumption planning excludes Dash 8s and 737s
Latvian carrier Air Baltic will be an all-Airbus A220 operator when it resumes operations, having made the decision to remove its De Havilland Canada Dash 8s and Boeing 737s from service early as a result of the coronavirus crisis.
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NewsRyanair taking €300m charge over fuel-hedge ineffectiveness
Budget carrier Ryanair is predicting net profits of €950 million-1 billion for 2019-20 as the tail-end of its fiscal year started suffering the effects of the coronavirus crisis. It states that it is conducting fewer than 20 flights daily, and expects its fleet to stay “largely grounded” for at least ...
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NewsAPAC passenger demand to fall 37%, wipe out $88b in 2020: IATA
IATA expects a 37% decline in Asia-Pacific passenger demand this year from the coronavirus pandemic, wiping out $88 billion in revenue. This is based on a scenario where severe travel restrictions last for three months, followed by a gradual recovery, the trade association said today. Conrad Clifford, IATA’s regional vice ...
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NewsCathay Pacific cuts long-haul schedule further for April
Cathay Pacific has announced further cuts to its long-haul schedule for April, with 97% of planned passenger capacity now scrapped. The carrier had already announced on 20 March that it was reducing capacity by 96% for April and May. As part of what it terms a “bare skeleton” schedule, the ...
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NewsFebruary travel demand slump worst since 9/11: IATA
Collapsing domestic travel in Mainland China — the epicentre of the coronavirus outbreak — coupled with falling travel demand to and from the Asia-Pacific region, led to the sharpest drop in demand in almost two decades. Releasing its global passenger traffic data for February, IATA says RPKs for the ...
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NewsIAG cancels planned dividend payment
IAG is withdrawing its proposal to pay a €0.17-per-share final dividend to investors, following the coronavirus shutdown. The group will instead propose, at its annual shareholders’ meeting, that all of its 2019 profit – save that already paid as an interim dividend – be added to voluntary reserves. IAG‘s board ...
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NewsEmirates to resume some flights on 6 April
Emirates plans to resume flying a limited number of passenger services on 6 April, having received approval from UAE authorities. Sheikh Ahmed bin Saeed Al Maktoum, president of Dubai Civil Aviation as well as chairman and chief executive of Emirates, has tweeted that “these flights will initially carry travellers outbound ...
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NewsFreight rates on the rise amid slump in passenger flights
Air freight rates are rising and cargo carriers ramping up their utilisation to fill the gap left by grounded bellyhold capacity on passenger jets. Normally, nearly half of global air cargo is carried in passenger jets’ bellies. Total cargo capacity, adjusted to include the Lunar New Year, fell 4.4% in ...
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NewsIAG cuts capacity by 90% as BA puts cabin crew and pilots on leave
IAG is to cut capacity by around 90% during April and May, up from the figure of 75% previously indicated. The group’s British Airways division has confirmed it will put more than 30,000 cabin crew and ground-based employees on furlough for the two-month period. BA will apply to take advantage ...
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NewsEasyJet founder fires first shot in bid to oust board members
EasyJet founder Stelios Haji-Ioannou has followed through on his threat to start dismantling the airline’s board if it fails to cancel its Airbus order, requesting a shareholder meeting to discuss the removal of Andreas Bierwirth as a director. The UK budget carrier disclosed in a 2 April regulatory filing that ...
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Wizz Air details crisis impact on traffic as it wraps up fiscal year
Budget carrier Wizz Air has become one of the first European airlines to detail the full coronavirus impact on traffic in March, a month during which airlines started embarking on widespread fleet grounding. Wizz Air says booked passenger numbers fell by nearly 36%, to 1.75 million, as it cut capacity ...
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NewsSriLankan suspends operations amid ’bleak times’
SriLankan Airlines is suspending all operations for nearly two weeks in what it describes as “bleak times” and the biggest challenge in its 40-year operating history. The Colombo-based carrier plans to halt all regularly scheduled passenger flights between 8 April and 21 April, with the exception of cargo and repatriation ...
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NewsWellington clears extra Qatar Airways flight for repatriation
The New Zealand government has approved Qatar Airways for a second daily flight from Auckland to Doha, as part of measures to help repatriate foreign nationals stranded in New Zealand. Earlier, the carrier said on 26 March that it will operate flights to Brisbane for the first time and add ...