All Airlines articles – Page 273
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NewsAustralia’s regional aviation to normalise within two years: Rex
Government grants and subsidies have kept Australia’s Regional Express afloat, the company says, and it expects regional aviation to return to normalcy within two years. The Rex Group managed a marginal 1.3% increase in revenue for the fiscal year (FY) ended 30 June, as government grants and subsidies mitigated the ...
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NewsThai airlines petition prime minister for $774m in soft loans
Senior management of seven Thai airlines have petitioned the country’s prime minister to provide Bt24 billion ($774 million) in soft loans to local carriers. The government said in a 28 August statement posted on its website that executives from Thai AirAsia, Thai AirAsia X, Thai Smile, Thai Lion Air, Thai ...
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NewsNok Air narrows losses in second quarter
Thai budget carrier Nok Air narrowed its losses in the second quarter despite the impact of the Covid-19 pandemic, though overall losses for the first half of the year were significantly higher than the year-ago period. Apart from Covid-19, other factors that contributed to its first-half performance include greater foreign ...
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NewsDelta and American follow United in abolishing change fees
A day after United Airlines killed the long-hated change fee, Delta Air Lines and American Airlines have matched the Chicago-based carrier’s move, also pledging to “permanently” eliminate all change fees for domestic and some international travel.
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NewsAvianca secures $370m government loan commitment
Colombia’s government has committed $370 million in aid to Avianca as part of a $2 billion financing package aimed at helping the struggling carrier weather the coronavirus downturn.
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NewsUnited eliminates change fee for US travel, allows free standby
United Airlines has “permanently” eliminated reservation change fees for domestic economy- and premium-cabin tickets and opened free same-day standby to all customers.
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NewsChina’s ‘Big Three’ carriers suffer first-half losses
At least one of China’s three largest state-owned carriers has explicitly warned that the coronavirus outbreak will continue to severely impact its profitability in the short term. In the release of its half-yearly results, China Southern Airlines says the “severe impact” of the pandemic has led it to predict ...
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NewsBerlin Brandenburg preps for 31 October opening following long, troubled slog
Flughafen Berlin Brandenburg (FBB), the operator of the long-delayed Berlin Brandenburg International airport, getting set for a 31 October opening, revealed details about festivities and the first arriving jets.
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NewsOmni 767 suffers gear collapse on landing at Bucharest
Investigators in Romania are set to probe the partial collapse of a Boeing 767-300ER’s main landing-gear shortly after the twinjet touched down at Bucharest Baneasa airport. Video images captured of the landing indicate a normal touchdown – some 700m from the threshold – as the aircraft arrived on runway 07 ...
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NewsUnited to furlough 2,850 pilots by end-2020
United Airlines will furlough 2,850 of its 13,000 pilots by the end of 2020 as passenger demand remains low and federal funding for airlines runs out in the coming weeks.
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NewsKenya Airways weighs cuts to ensure sustainable future
Kenya Airways is evaluating fleet, network and staff cuts to adapt to dramatic reductions in customer demand.
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NewsNew Chinese cargo airline approved to induct three Boeing 737s
Chinese cargo start-up Northwest International Cargo Airlines has been approved by the country’s civil aviation authority to introduce three Boeing 737 freighters to its fleet.
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OpinionPay and perks may be reduced, but being a pilot remains a labour of love
Although commercial aviation is currently being battered by the coronavirus crisis, there are plenty who still regard flying for a living as the best job in the world.
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NewsNorwegian keeps faith in slimmed down long-haul model
Restructuring low-cost carrier Norwegian aims to stick with a scaled-back version of its long-haul business when it moves out of the hibernation phase it has been in since the coronavirus crisis hit. While the airline continues to work on financial restructuring to secure its future – and today confirmed it ...
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NewsNorwegian warns more cash needed to survive crisis
Restructuring low-cost carrier Norwegian has warned it will require further financing next year to survive the winter as coronavirus-related travel restrictions continue to hamper the recovery in air travel
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NewsFiji Airways quashes insolvency rumours
Fiji Airways has rejected what it describes as injurious media speculation about its financial health. ”Fiji Airways is not insolvent by any definition of the word, whether you look at our cash flow or our balance sheet,” managing director and chief executive, Andre Viljoen said in a statement on 27 ...
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NewsAir New Zealand posts first loss in 18 years
Air New Zealand reported an NZ$87 million ($58 million) underlying loss for the financial year (FY) ended 30 June, as the Covid-19 pandemic swiftly changed its fortunes during the reporting period. “The 2020 financial year has been a year of stark contrast. Air New Zealand had a solid start to ...
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NewsAirAsia X posts record quarterly loss amid ongoing grounding
Beleaguered long-haul, low-cost carrier AirAsia X will remain grounded “in the near term”, as it trims its fleet and network amid a record operating loss. The carrier, which only operates international routes, is also looking to sell two Airbus A330 aircraft to raise cash, and negotiating the early return of ...
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NewsGovernment extends deadline for Air India sale yet again
The Indian government has extended the deadline for the sale of flag carrier Air India by a further two months, attributing it to the Covid-19 pandemic. In an eighth corrigendum published by the Department of Investment and Public Asset Management, the deadline to submit of expressions of interest has been ...
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NewsAirAsia to focus on domestic recovery amid widened Q2 loss
AirAsia Group anticipates a return to profitability “in the years to come”, with demand — particularly for domestic travel — expected to increase in the second half of the year. At the release of its second-quarter financial results, group chief executive Tony Fernandes says AirAsia Group has reduced its costs ...