Latest Airlines news – Page 269
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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 ...
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NewsNew Zealand implements four-week lockdown
New Zealand will go into lockdown for four weeks starting 25 March to halt the spread of the coronavirus. “These decisions will place the most significant restriction on New Zealanders’ movements in modern history,” prime minister Jacinda Ardern stated in a public address today. “This is not a decision taken ...
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NewsS&P cuts European airlines’ credit ratings
S&P Global has lowered its ratings for EasyJet, Ryanair, Lufthansa, IAG, British Airways, Air Baltic, Turkish Airlines and SAS, and placed them on alert for further downgrades as the coronavirus hurts their liquidity positions. “The pandemic materially threatens the credit quality of European airlines and poses serious challenges for the ...
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NewsLargest A380 operator Emirates suspends most passenger services
Middle Eastern carrier Emirates is suspending most of its passenger operations from 25 March, but intends to continue freight services. Emirates has the world’s largest Airbus A380 and Boeing 777 fleets, and has been trying to maintain passenger flights for as long as it could, in order to ease passengers’ ...
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Airline BusinessWeek of 16 March in review: North American carriers reel from coronavirus fallout
The aviation and aerospace industry in North America experienced the most dramatic week since the days and weeks following the terrorist attacks of 11 September 2001.
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NewsSpain’s Volotea grounds fleet until 8 April
Volotea has announced the temporary grounding of its entire fleet until at least 8 April, sending home 1,100 of its employees in Spain, France and Italy over this period.
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NewsLuxair to suspend flights from 23 March
Luxair has become the latest European carrier to announce it will temporarily suspend flights, calling a halt to its operations from 23 March.
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NewsSAS in line to benefit as Sweden approves credit guarantees
Sweden’s national legislature has rapidly approved a proposal to issue credit guarantees of up to SKr5 billion ($488 million) to airlines, of which SKr1.5 billion will be allocated to SAS. Under the agreement the state will guarantee commercial loans to airlines affected by the coronavirus crisis. “The matter was decided ...
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NewsFinnish government agrees to guarantee €600m loan to Finnair
Finland’s government has provisionally agreed to provide a state guarantee of up to €600 million to assist flag-carrier Finnair, although the measure still needs parliamentary consent. Its economic policy committee met to consider the guarantee on 19 March. Finnair is state-controlled, with nearly 56% of the carrier owned by the ...
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NewsCathay reduces flying to ‘bare skeleton’ network of 15 points
Cathay Pacific has extended its deep capacity cuts for another month, reducing capacity by 96% for April and May, operating a “bare skeleton” passenger flight schedule of just 15 cities. With the latest cuts, Cathay will fly three-times-weekly to 12 points in its network to cities such as Singapore, London ...
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NewsAAPA calls on governments to help struggling airline sector
The Association of Asia Pacific Airlines (AAPA) has called on the region’s governments to “take immediate action” to help airlines amid the coronavirus pandemic. It notes that travel bans, border closures, lockdowns, quarantines, and other measures will see Asian airlines suffer revenue shortfalls of $60 billion in 2020. “By the ...
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NewsAmerican Airlines to fly cargo-only flights for first time since 1984
Due to lack of demand for passenger transportation, American Airlines plans to start flying scheduled cargo-only flights.
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NewsNorwegian offered largest share of airline state guarantee package
Norway’s government is providing a conditional state loan guarantee for its aviation industry amounting to NKr6 billion ($533 million), and is securing a minimum level of flight operations in the country. Half of the funding, NKr3 billion, will be directed at embattled budget operator Norwegian, with another NKr1.5 billion for ...
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NewsIATA blasts new EU passenger rights guidance during pandemic
Airline passengers whose flights are cancelled as a result of the coronavirus outbreak will be able to choose between having the cost of their ticket reimbursed or rebooking on to a later flight under new European Union guidelines, a move that has prompted “dismay” at IATA.
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NewsLufthansa Group parks 700 aircraft in crisis response
Lufthansa Group is unable to predict how much its profit will fall this year as it confirmed a 95% capacity reduction to battle the coronavirus outbreak. “At present, no one can foresee the consequences,” notes chief executive Carsten Spohr in a statement accompanying 2019 earnings. “We have to counter this ...
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NewsQantas and Jetstar suspend all international flights
Qantas and Jetstar are suspending scheduled international flights from late March, in accordance with the Australian government’s advice. Qantas Group says in a statement: “With the federal government now recommending against all overseas travel from Australia, regularly scheduled international flights will continue until late March to assist with repatriation, and ...
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NewsSpirit reduces April and May capacity by 20%
Spirit Airlines will cut its April capacity by 20% and its May capacity by 25% and reduce executive salaries as the ultra-low-cost carrier seeks to reduce costs in response to the coronavirus pandemic. Load factors are expected to continue declining through March as governments limit air travel in attempt to ...
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NewsAir Canada to scale back international routes through April
Air Canada today says it will gradually suspend most international flights by 31 March in response to the coronavirus pandemic while maintaining a few routes to help Canadian citizens repatriate and continue essential cargo deliveries. US president Donald Trump and Canada’s prime minister Justin Trudeau have announced plans to temporarily ...
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NewsEl Al puts most personnel on two months' leave
Israeli flag-carrier El Al has put 5,500 personnel on unpaid leave until the end of May, following the cuts to its network in the face of the coronavirus crisis. El Al employs some 6,350 staff overall. It has been holding talks with the Israeli ministry of finance regarding government support ...
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NewsAir NZ targets 30% reduction in workforce: CEO
Air New Zealand could reduce its workforce of 12,500 by up to 30%, as it works through the challenges posed by the coronavirus outbreak Chief executive Greg Foran says: ”Air New Zealand’s well-placed to get through Covid-19. We’re a strong resilient business, we’ve got a good balance sheet.” “But these ...