Latest Airlines news – Page 271
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NewsLOT and Wizz hit hard as Poland shuts air routes to foreigners
Polish flag-carrier LOT is suspending all international flights from both Poland and Hungary after the Polish government imposed border restrictions on foreign travellers. Central European budget carrier Wizz Air is also being hit hard by the measure, suspending Polish services accounting for some 20% of its capacity. The government says ...
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NewsANZ reviews schedules as government clamps down on travel
Air New Zealand is reviewing the impact of new measures from the country’s government intended to combat the spread of coronavirus. Under the directive every person entering New Zealand, excluding Pacific territories, will be required to self-quarantine for 14 days, a restriction which will be reviewed in 16 days’ time. ...
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NewsPremium operator La Compagnie forced to halt all flights for weeks
Premium long-haul operator La Compagnie is suspending all its scheduled flights for nearly a month, following the transatlantic travel ban imposed by the US government. La Compagnie says it will halt all services from 18 March and maintain the suspension until 12 April. The airline operates twice-daily between Paris Orly ...
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NewsEl Al bracing for heavy impact from Israeli coronavirus policies
Israeli flag-carrier El Al is unable to estimate the impact of new government requirements that people returning to Israel from anywhere in the world must enter 14-day quarantine. The requirement will have a “material adverse effect” on El Al’s operations, the airline says. “But at this stage [we are] unable ...
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NewsEU leaders condemn Trump’s transatlantic travel ban
European Union leaders have condemned the US government’s sudden 30-day transatlantic travel ban, set to be introduced on 13 March. President of the European Commission Ursula von der Leyen says the coronavirus crisis is “not limited to any continent” and combating the threat “requires co-operation” rather than one-sided action. “The ...
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NewsEuropean aviation stocks punished after US travel ban
European airline and aerospace stocks have been hammered in early trading after the US government imposed a drastic ban on transatlantic travel. Air France-KLM and Norwegian shares sank by close to 20% as the markets opened on 12 March, while shares in other major operators including IAG, Lufthansa and SAS ...
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NewsKorean Air raises alert on coronavirus impact
Korean Air’s president, Woo Kee-hong, has painted a dire picture for the carrier in the wake of the coronavirus outbreak. In an internal memo, he told employees that coronavirus-related travel restrictions led the airline to cut more than 80% of its international capacity, in contrast with 18% during the 1997-98 ...
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NewsFAA grants slot waivers to help airlines hurt by coronavirus
The US Department of Transportation has granted airlines slot relief after carriers and industry group IATA complained it was unfair to maintain those rigid rules as fear of the coronavirus decimates passenger demand across the industry.
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NewsAir Baltic to cut staff as coronavirus ends positive run
Latvia’s Air Baltic is to cut its workforce by up to 250 personnel in a measure to stave off the impact of the coronavirus outbreak. Air Baltic, which employs around 1,600 staff, says it will “temporarily” reduce the workforce – mainly by cutting crew. It says it ...
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NewsSouthwest uncertain over growth once 737 Max deliveries resume
Almost one year after the Boeing 737 Max was grounded, Southwest Airlines chief Gary Kelly has alluded to a fringe financial benefit from the Max situation as the budget carrier braces for the impact of the coronavirus outbreak. Kelly says the severity of the decline has been “breathtaking”, with the ...
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NewsIndonesia AirAsia parent issues first-quarter profit warning
The parent company of Indonesia AirAsia (IAA) has issued a profit warning for the current quarter, attributing it to new lease accounting standards and projected declines in ticket sales due to the coronavirus outbreak. In an Indonesia Stock Exchange disclosure, AirAsia Indonesia discloses that implementing the new standard will result ...
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NewsCathay flags ‘substantial loss’ for first half of 2020
The ongoing coronavirus outbreak is taking its toll on the Cathay Pacific group’s financial performance, with the group warning that it expects to incur a “substantial loss” for the first-half of this year. Cathay adds in its full-year financial results that the outbreak, which first originated in China late 2019, ...
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News‘Turbulent’ 2019 squeezes Cathay profit
The Cathay Pacific Group saw operating profit for 2019 shrink, following a worse-than-expected second-half result that was affected by political turmoil in Hong Kong. For the year ended 31 December 2019, the group reported an operating profit of HK$3.4 billion ($437 million), a 4.3% decrease compared to 2018. ...
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NewsChina announces measures to give aviation industry fillip
China has rolled out a raft of measures – from financial support to infrastructure investments – for the country’s aviation industry, which has been hit by the coronavirus outbreak. In total, the Civil Aviation Administration of China (CAAC) announced 16 measures, all of which are aimed at “promoting the stable ...
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NewsVirgin’s Richard Branson urges faith in airlines
Virgin Group founder Richard Branson says that the airline industry has endured past crises but could “come to a grinding halt fairly quickly” amid coronavirus outbreak risks. The founder of numerous companies including air launch to orbit service Virgin Orbit and Virgin Atlantic Airways accepted an award from the Royal ...
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NewsMalaysia Airlines cutting capacity 7% in first quarter
Malaysia Airlines is scaling down first-quarter capacity 7.1% amid the coronavirus outbreak, as it halves Chinese operations and makes a double-digit cut to North Asian services. Addressing employees in a video seen by Cirium, Izham Ismail – chief executive of the airline’s parent Malaysia Aviation Group – describes the 7.1% ...
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NewsCarriers not necessarily exempt from coronavirus payouts: UK CAA
UK regulators are warning that European airlines might not be completely exempt from passenger compensation payments relating to the coronavirus outbreak, although much of the disruption is likely to fall under ‘extraordinary circumstance’ immunity. The Civil Aviation Authority has outlined its interpretation of European Union compensation rules in light of ...
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NewsUnited Airlines paints dire coronavirus scenario for 2020
United Airlines is preparing for a dark scenario for the aviation industry in the coming months as the coronavirus decimates demand and customers stay away from travel in order to protect themselves from becoming infected with the fast-moving flu-like disease.
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NewsBA takes back Flybe’s Heathrow remedy slots
British Airways has reacquired London Heathrow slots from defunct UK regional carrier Flybe which had originally been divested to satisfy competition regulators. Flybe had been serving several routes from Heathrow before the airline ceased operations in early March. Documentation from UK airport co-ordinator ACL states that slots for 12 daily ...
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NewsQantas executives and board take pay cut
Qantas’ Alan Joyce has joined the growing list of airline chiefs taking pay cuts to tackle the coronavirus crisis. For the rest of the financial year (FY) ending 30 June 2020, Joyce will take no salary while the group executive management team will take a 30% pay cut. Likewise, the ...