News from FlightGlobal – Page 527
-
NewsSkyWest posts $26m loss, ramps up Embraer fleet
SkyWest Airlines reported a $26 million loss in the coronavirus-marked second quarter as demand slumped and the airline significantly reduced its network.
-
NewsAir France-KLM aims to keep medium-term fleet delivery schedule intact
Air France-KLM Group has recorded a €520 million impairment from its early phase-out Airbus A380 operations, and another €72 million from withdrawal of A340s for the second quarter. But it says it intends to keep the schedule of committed fleet deliveries for 2021-25 “as much as possible intact”, and is ...
-
NewsAeroflot detects ‘gradual recovery’ in domestic flights
Russian flag carrier Aeroflot slipped to a net loss of Rb26.2 billion ($356 million) in the second quarter, from a profit of Rb2.73 billion a year ago.
-
NewsAirbus impairs inventories ‘at risk’ as stored aircraft level rises
Airbus has recorded a near-€300 million charge for impairment of inventories considered at risk, as stored aircraft continue to push up its inventory level. The airframer reveals in its first-half accounts to 30 June that its inventories stood at €37.5 billion – up by nearly €6 billion on the figure ...
-
NewsProlonged 737 Max grounding, pandemic punish SpiceJet earnings
India’s SpiceJet has incurred more than Rs6.7 billion ($89.6 million) in costs from the year-long global grounding of the Boeing 737 Max. Taken together with the impact from the coronavirus outbreak, which has dented passenger travel demand, SpiceJet saw losses widen for the year ended 31 March. The low-cost carrier ...
-
NewsPandemic torpedoes IndiGo profitability
Indian low-cost carrier IndiGo plunged deeper into the red in its latest quarterly financial results, amid a collapse in revenue from the coronavirus outbreak. For the quarter ended 30 June, IndiGo reported an operating loss of Rs28.4 billion ($380 million), reversing the INR15.1 billion profited it made last year. The ...
-
NewsAllegiant loses $93 million in ‘most turbulent’ quarter
Allegiant Travel Company, parent of ultra-low-cost carrier Allegiant Air, reported a $93 million loss in the second quarter as the coronavirus pandemic ravaged the air transport industry during the period.
-
NewsUncoordinated government response to coronavirus hinders recovery: experts
As the coronavirus pandemic drags on, air passengers have become accustomed to social distancing rules and other safety measures, but industry experts say uncoordinated government responses continue to prevent the industry from meaningful recovery.
-
NewsSIA A380 future in limbo as review of future network, fleet size underway
Singapore Airlines Group will in the next six months be reviewing the size and shape of its network and fleet over the long term.
-
NewsWizz Air chief claims ‘this is our time’ as carrier expands network
Wizz Air is taking advantage of the opportunities created by the coronavirus crisis to expand its footprint across eastern and central Europe with new bases and routes.
-
NewsSIA defers Airbus deliveries amid S$1 billion Q1 operating loss
Singapore Airlines Group has reached an agreement with Airbus regarding aircraft deliveries and payment deferrals, as it reported a massive quarterly operating loss. The group, which comprises mainline carrier SIA, regional arm SilkAir, as well as low-cost unit Scoot — says it has reached an agreement with Airbus on ...
-
NewsS7 temporarily tops Russian passenger carriage table
S7 Airlines has temporarily emerged as Russia’s largest individual operator, the aviation regulator shows, as passenger numbers in the country halved to 27.8 million in the first six months of the year. Federal air transport authority Rosaviatsia states that the number of air passengers travelling in Russia was nearly 52% ...
-
NewsANA swings to ‘large quarterly loss’ amid revenue collapse
Despite attempts to bring expenses down amid the coronavirus outbreak, All Nippon Airways’ parent company ANA Holdings swung to a massive loss in the first quarter. For the three months ended 30 June, ANA Holdings reported an operating loss of Y159 billion ($1.51 billion). This was in contrast to ...
-
NewsFedEx pilots urge airline to suspend operations to Hong Kong
Unionised pilots with FedEx Express are urging the US cargo carrier to suspend operations to Hong Kong, as they object to compulsory hospitalisation and quarantine of flightcrew exposed to Covid-19 as part of stricter measures imposed by the local government to control the virus outbreak. “Recently, three Covid-19-positive asymptomatic FedEx ...
-
NewsHawaiian delays Boeing 787 Dreamliner deliveries
Hawaiian Airlines says it will be delaying deliveries of its long-awaited Boeing 787 Dreamliners as the carrier contends with a difficult business environment perpetrated by the ongoing coronavirus pandemic.
-
NewsHawaiian Airlines frustrated by ongoing quarantine
Hawaiian Airlines’ second quarter ended with a loss of $107 million after its home state’s strict travel restrictions prevented it from doing any meaningful business for much of the three months ending in June.
-
NewsJetBlue prepares for volatile recovery
JetBlue Airways posted a $320 million loss in the second quarter and expects further volatility through the third and fourth quarters as the long-term effects of the coronavirus on the New York-based low-cost carrier become clear.
-
NewsComair business plan pushed back as rescuers work to firm up offers
South African carrier Comair’s rescue practitioners have disclosed that a potential deal with an interested consortium has fallen through, but are pushing back publication of a business plan to provide time to consider other approaches. Publication of the business plan had been due on 28 July after an expression of ...
-
NewsAir cargo decline narrows in June but market ‘exceptionally challenging’
Air freight traffic declines showed some signs of improving in June but business remains “exceptionally challenging”, according to the latest IATA market wrap-up.
-
NewsIATA pushes airline recovery to 2024 amid ‘surprisingly weak’ restart
Demand for air travel is unlikely to reach 2019 levels until 2024, according to revised figures from IATA, which cites “unexpectedly weak” traffic during the current restart of services.