Airline coronavirus recovery tracker: August 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
Canadian regional Porter postpones restart to October
Porter Airlines is postponing its return-to-service date from 31 August to 7 October amid ongoing domestic travel restrictions and the closure of the border between the USA and Canada.
Ryanair and Wizz claw back more traffic in July
July traffic figures released today show Wizz Air operated more than 70% of its planned capacity, while Europe’s biggest low-cost operator Ryanair saw its first significant return of passengers since the global pandemic began.
SpiceJet secures Heathrow landing slots
Indian low-cost carrier SpiceJet has secured landing slots at London Heathrow Airport, effective 1 September.
Improving travel demand lifts NZ domestic networks
New Zealand carriers are adding capacity to their domestic networks in the coming months, even as international operations remain grounded due to pandemic-related travel restrictions.
IAG Cargo sees large revenue gain after responding to freight crisis
IAG’s cargo arm has seen a surge in revenue and yield after quickly responding to the changing market conditions brought on by the coronavirus pandemic.
KLM to cut 15% of workforce amid ‘new reality’
Dutch carrier KLM is to cut up to 5,000 full-time positions to “adapt its size to the new reality” created by the coronavirus pandemic.
Aeroflot 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.
Airlines left doubting if enough people can, or will, travel in 2020
The industry’s relief at being able to ramp up services as the second half of 2020 began is quickly being replaced by concern that the coronavirus is likely to weigh more heavily on demand than previously thought.
IATA 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.