Latest Airlines news – Page 268
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NewsIndonesia AirAsia’s growth halted due to coronavirus and economy
Indonesia AirAsia has been forced to halt its growth plan for this year, as a result of the coronavirus pandemic and economic challenges faced by Indonesia. The plan for 2020 was for the low-cost carrier to increase its market share by adding three new aircraft and launching new services, having ...
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NewsEmirates transfers all freighter operations to Dubai International
Middle Eastern carrier Emirates is consolidating freighter operations at Dubai International from 1 April, suspending operations at the city’s Dubai World Central hub. Emirates is re-organising its freight network in response to the disruption from the coronavirus crisis. It says the decision to concentrate on Dubai International, the main passenger ...
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NewsAir China warns of 'short term' loss from outbreak
Air China has joined a growing list of airlines in warning of an operating loss “in the short term”, as the coronavirus outbreak continues to wreak havoc. Discussing the outlook for 2020 in its full-year results, the Air China group noted the impact that the outbreak — which originated ...
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NewsAir China 2019 profit inches up 2.1%
Lower expenses, coupled with more passengers carried, helped push Air China’s 2019 operating profit slightly higher. It posted a full-year profit of CNY14.6 billion ($2.06 billion) for 2019, an increase of 2.1% compared to the previous year. Group revenue for the year fell marginally — at about 0.4% ...
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NewsChina Eastern sees ‘significant uncertainty’ in 2020
China Eastern Airlines enjoyed a boost in operating and net profit last year while strengthening its cash position, but the coronavirus pandemic is creating “significant uncertainty” in 2020. The Shanghai-based carrier’s operating profit gained 8.3% to CNY10 billion ($1.4 billion) for the year ended 31 December 2019. Net profit increased ...
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NewsTicket refund burden to compound airline Q2 losses: IATA
A requirement to refund an estimated $35 billion in airline tickets during the second quarter will deepen the impact on their cash reserves on top of a projected industry loss of $39 billion for the quarter.
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NewsEmirates to receive capital injection from Dubai government
Emirates is to be given a capital injection by the Dubai government, to support the Middle Eastern airline in the aftermath of the coronavirus outbreak. The operator – which has a fleet of Airbus A380s and Boeing 777s – has suspended passenger flights in line with United Arab Emirates restrictions, ...
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NewsBritish Airways suspends flights from Gatwick
British Airways has suspended operations at its London Gatwick hub, citing “challenging” market conditions caused by the coronavirus pandemic. Gatwick is the UK’s second-busiest airport after London Heathrow, and BA’s second-largest hub. Cirium schedules data shows that the carrier serves 75 destinations from Gatwick. Source: Gatwick Airport ...
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NewsSmaller Southeast Asian carriers operate reduced schedules
Smaller Southeast Asian carriers are operating on reduced schedules, alongside significant cuts by the region’s major operators. Vietnam Airlines’ domestic services are largely suspended, for two weeks until 15 April, except for five routes out of Hanoi and Ho Chi Minh City. This comes after the government issued a directive ...
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NewsChina Southern’s full-year profit up 23%
China Southern Airlines saw growth in its revenues and operating profit last year, although its net profit declined and its cash position took a substantial hit. The Guangzhou-based carrier’s operating profit for the year ended on 31 December 2019 grew 22.9% to CNY10.8 billion ($1.5 billion). Revenue was up 7.4% ...
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NewsVirgin Australia seeks $865m financial support from government
Virgin Australia is seeking A$1.4 billion ($865 million) in financial support from the Australian government to battle the downturn caused by the coronavirus crisis. “It is a preliminary proposal and remains subject to approval by the Virgin Australia Holdings Board and the Australian government and may or may not include ...
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NewsEasyJet founder threatens board over Airbus fleet expansion
UK budget carrier EasyJet’s founder, Stelios Haji-Ioannou, is threatening methodically to dismantle the company’s board if it fails to take action to reduce the airline’s commitment to additional Airbus jets. Haji-Ioannou, who has previously expressed concerns over the airline’s expansion, has laid out his attack plan in a strongly-worded communication ...
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NewsRussian low-cost carrier Pobeda halts flights until end of May
Aeroflot low-cost unit Pobeda has suspended all flights until the end of May following the introduction of travel restrictions by the Russian government.
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NewsEl Al awaits state funding decision after halting passenger flights
Israeli flag-carrier El Al has opted to suspend all remaining passenger flights, as it awaits potential government financial support. El Al says the suspension, on 26 March, will continue until 4 April. It will continue to provide rescue and repatriation services as well as freight flights, some of which will ...
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NewsJet fuel prices hit two-decade lows
The cost of purchasing jet kerosene is continuing to fall despite a slight uptick in crude prices, as demand from airlines dries up completely in some regions.
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NewsSingapore Airlines and SilkAir pilots put on leave without pay
Singapore Airlines has asked its pilots to take unpaid leave for up to seven days each month, starting 1 April. The airline tells Cirium this applies to pilots with the mainline carrier and regional carrier SilkAir, and the measures will be in place “until the business recovers”. It adds: “We ...
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NewsSouth African shutdown heaps pressure on bedevilled Fastjet
African budget carrier Fastjet, already under substantial financial pressure, is having to cope with the additional burden of the coronavirus outbreak after the South African and Zimbabwean governments imposed travel restrictions. Fastjet Group, which has been working to sell its Zimbabwean arm, says the South African government is locking down ...
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NewsUS House aid bill sets strict labour, consumer, environmental protections
The US House of Representatives says it is willing to support the transportation industry as it works through its losses due to the coronavirus, including offering infrastructure grants to airports and tangible relief for aviation workers. However, it wants airlines to protect their employees and consumers before protecting their own bottom lines.
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NewsUAE halts all passenger flights for two weeks
All inbound, outbound and transit passenger flights to and from the United Arab Emirates – home to one of the world’s busiest hubs – are to be suspended for two weeks.
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NewsIcelandair Group shifts nearly all staff to temporary working
Icelandair Group has disclosed that it is operating only 14% of its flight schedule and expects this to reduce further, and that it is taking steps to move 92% of employees to temporary part-time working. But it is also cutting 240 personnel across its divisions. The group employs just over ...