All Airlines articles – Page 321
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NewsSingapore Airlines halves capacity, seeks liquidity boost
Singapore Airlines will operate at 50% capacity until end-April and is looking to shore up liquidity. “Given the growing scale of the border controls globally and its deepening impact on air travel, SIA expects to make further cuts to its capacity,” the carrier says in a statement. ...
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NewsVietnam to cease visa issuance for one month
Vietnam will cease issuing visas for incoming visitors over the next 30 days as the country seeks to prevent the spread of coronavirus. According to a government web site, exceptions include overseas Vietnamese and their spouses and children, but only if they can submit papers that prove they have not ...
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NewsTrans States Airlines to fold in April
Trans States Airlines, which announced last month that it would be shuttering at the end of the year due to consolidation and a pilot shortage, has told its employees that it will go out of business nine months earlier, on 1 April. It could be the first US airline to fall victim to the coronavirus that has decimated the industry.
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NewsWestJet suspends international operations
Canada’s WestJet will shut down international operations as the coronavirus prompts governments to close borders and impose other measures to stop the spread of the virus.
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NewsTrump administration proposing aid package that would leave US carriers ‘in good shape’
The US government is working with Congress to pass legislation that would provide financial support a broad swath of US industry, including to the country’s airlines, which have been hammered in recent days by a collapse in demand.
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NewsUS airline group details $58bn government aid request
The group, as previously reported, has asked for $50 billion in support of passenger airlines. But it also requests $8 billion for cargo carriers, and tax breaks from a fund that generated almost $16 billion in fiscal year 2018 revenue. It is receiving criticism after many airlines spent free cash flow on stock repurchases recently.
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NewsIATA warns government action needed to tackle airline liquidity crisis
Airline trade association IATA is calling for governments to urgently step in with financial support measures, warning a liquidity crisis resulting from the swathe of capacity cuts means many airlines are close to running out of cash.
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NewsLauda halts all flights until 8 April
Ryanair’s Austrian subsidiary Lauda has suspended all flights until 8 April. The Vienna-based airline has been serving more than 100 destinations across some 30 European countries and has stations in German cities Dusseldorf, Stuttgart, Spanish island Majorca, and Croatian city Zadar. Source: Lauda Cirium fleets data shows ...
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NewsOutbreak halts talks on London Southend stake sale
London Southend airport operator Stobart Group has disclosed that it has been negotiating sale of a minority share in the airport, but that discussions have been suspended as a result of the coronavirus uncertainty. The discussions had signalled a value for the airport of £700-800 million, says the company, referring ...
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NewsAirbus halting French and Spanish production for four days
Airbus is to halt production across its French and Spanish facilities for four days to give the company time to implement strict hygiene measures in response to the coronavirus outbreak. The airframer says the decision follows introduction of new procedures in both countries intended to contain the illness. Airbus says ...
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NewsAir NZ cuts trans-Tasman capacity by 80%
Air New Zealand is making cuts to its trans-Tasman network that will reduce capacity by 80%, starting from 30 March to 30 June. The changes are a result of the impact of the coronavirus outbreak on travel demand, the carrier says. Carriers flying trans-Tasman routes, February 2020 ...
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NewsBOC Aviation to acquire six Cathay 777s under sale-and-leaseback
Cathay Pacific and BOC Aviation have agreed a sale-and-leaseback which will cover six Boeing 777-300ER jets. The Hong Kong-based carrier warned on 11 March that it expects to incur a “substantial loss” over the first half of this year and that its liquidity position would be “adversely impacted” by plummeting ...
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AnalysisPandemic heaps fresh pressure on Boeing as 737 Max grounding continues
The coronavirus pandemic, combined with the 737 Max grounding, could leave Boeing facing challenges more significant than it has experienced in perhaps 50 years, say some aerospace analysts.
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NewsIATA: ‘urgent measures’ needed to support air cargo
The International Air Transport Association (IATA) has appealed to governments to take “urgent measures” to support cargo operations, which is instrumental to transport essential medical supplies and keep the economy functioning as airlines cut passenger service up to 75%.
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NewsTrump promises to ‘help’ US airlines
US president Donald Trump says the government will back airlines as they struggle to manage the fallout from the global coronavirus pandemic.
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NewsUS airlines ask for $50 billion in government aid
US airlines are seeking at least $50 billion in aid to support them as they manage through the coronavirus crisis that has caused a sharp drop in demand, leading to mounting losses for an industry accustomed to years of progressive profit growth.
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NewsAir Canada to request government help
Air Canada says it is retracting its financial guidance and cutting its operations as the global coronavirus pandemic hits the airlines, while asking the Canadian government to help with the financial losses it expects to suffer in the coming months.
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NewsPilots and United to ask for ‘government assistance’: Pilots union
United Airlines will ask the US government to help airlines as they suffer deep losses following the drop-off in demand as the coronavirus engulfs the industry.
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NewsBank expects Lufthansa Group to make €1.5bn operating loss in 2020
Credit Suisse is forecasting that Lufthansa will make an operating loss of €1.5 billion ($1.7 billion) this year, and is advocating a move toward leasing aircraft as a means of improving the group’s cash position. The bank had previously predicted an adjusted EBIT of €2.2 billion. Source: Austrian ...
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NewsNorwegian to cancel 85% of flights and temporarily lay-off 90% of staff
Norwegian is suspending a big majority of its services and laying off 7,300 employees as it seeks to weather the coronavirus outbreak. “The Covid-19 situation is escalating by the hour and due to stagnating demand and enforced travel restrictions by authorities worldwide, Norwegian will gradually cancel most of its flights ...