All Airlines articles – Page 327
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NewsIATA steeled for ‘tough times’ after January fall in cargo demand
IATA is warning that “tough times are ahead” after cargo tonne-kilometres declined 3.3% in January.
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NewsFinnair, Wizz latest European carriers to extend cuts to counter coronavirus
Finnair and central European budget carrier Wizz have become the latest European carriers to detail more plans for cuts in response to the coronavirus outbreak.
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NewsAirbus’s Scherer: SARS outbreak illustrated industry’s resilience
Airbus chief commercial officer Christian Scherer is uncertain whether the air transport impact from the coronavirus outbreak will translate into an effect on the airframer. Speaking during the A4E aviation summit in Brussels, Scherer pointed out that the aircraft manufacturing business “operates to longer cycles”. Source: Ed Telling ...
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NewsAsian carriers cut operations as coronavirus outbreak persists
Asian carriers have announced further reductions as the coronavirus outbreak persists. Starting this week, Korea Air is suspending most European and US flights through April, while changes to Japan service remain in place until the end of May. It is also reducing operations to major cities such as Chicago, New ...
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NewsThai Airways sold six widebodies last year
Thai Airways International sold six widebodies last year as part of its strategy to “continuingly sell decommissioned aircraft”. The flag carrier says in a stock exchange filing that it disposed of five Airbus A330-300s and one Boeing 747-400 in 2019. It did not disclose the names of the buyers. Cirium ...
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NewsSingapore extends entry restrictions to stem coronavirus outbreak
New travel restrictions to limit the spread of the coronavirus take effect in Singapore today, barring the entry of new visitors who visited South Korea, Iran, or northern Italy in the past 14 days. Citizens and permanent residents returning from these regions will have to self-quarantine for 14 days. ...
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NewsAirline chiefs sanguine on coronavirus impact
Leaders of some the largest airlines in Europe believe that the coronavirus will only have a limited impact on demand for air travel on the continent. Speaking at the A4E aviation summit in Brussels on 3 March, IAG’s outgoing chief executive Willie Walsh acknowledged that the group had seen a ...
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NewsCoronavirus ‘no excuse’ for state aid to failing carriers: Walsh
IAG chief Willie Walsh is firmly rejecting any notion that airlines which were struggling before the coronavirus outbreak should be granted state aid to help cope with its impact. He told the A4E aviation summit in Brussels on 3 March that the outbreak was “not an excuse” for such carriers ...
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Airline BusinessWhy strong Ryanair and Wizz February traffic offers few clues to coronavirus impact
Monthly traffic figures for February released by Ryanair and Wizz Air today offer little indication of the impact on air travel demand of the spread of the coronavirus into Europe.
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NewsIncomplete single EU aviation market costing €37bn annually
Europe’s much-vaunted single aviation market remains an incomplete initiative, costing airlines €37 billion ($41 billion) per year in terms of disunity in legislation and application of regulations, according to an independent air transport research group. Half of this figure – some €17.4 billion – could be saved by implementing an ...
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NewsSAS pulls full-year financial guidance amid coronavirus uncertainty
Scandinavian carrier SAS has withdrawn its full-year financial guidance amid uncertainty around the impact on air travel demand of the coronavirus outbreak.
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NewsAirline failures loom as outbreak spreads: ISTAT panelists
Global airline capacity in 2020 has declined by nearly 3% as of 2 March compared to the same period in 2019, Rob Morris, global head of Ascend by Cirium, disclosed at an ISTAT event today. Through the week ended 1 March, global capacity had declined by 2% year-over-year, Cirium schedules ...
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NewsDelta announces new routes from Seattle
Delta Air Lines is expanding its service on routes from its West Coast hub of Seattle-Tacoma international airport, bringing the number of destinations it serves from the northwestern US city to 56.
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NewsAeroflot weighs options for long-haul fleet
Aeroflot Group is in the process of reviewing options for expanding its long-haul fleet, as well as how planned short-haul growth can be maintained despite uncertainty on the Boeing 737 Max family’s return to service.
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NewsIATA seeks freezing of slot rules to aid coronavirus capacity cuts
IATA is contacting aviation regulators to request the suspension of rules governing airport slots for the remainder of the winter season and for the upcoming summer timetable as airline pull back capacity in the light of the spread of the coronavirus.
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NewsKenya Airways taps state loan to cover Embraer engines overhaul
SkyTeam carrier Kenya Airways has received a KSh5 billion ($49 million) loan from the government to cover an engine overhaul programme for its fleet of Embraer E190 regional jets.
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NewsLufthansa to cut short-haul operations by up to a quarter to counter coronavirus
Lufthansa Group is to cut its short and medium-haul operations by up to 25% in the coming weeks as it moves to counteract the air travel impact of the coronavirus.
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NewsWizz Air applies for AOC for new Abu Dhabi carrier
Central European budget carrier Wizz Air has reached a firm agreement to establish a new operator in Abu Dhabi, which will commence services in autumn this year. The airline is tying up with Abu Dhabi Developmental Holding Company to set up the Middle Eastern operation. It states that it has ...
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NewsJeju Air closes Eastar Jet acquisition for $46 million cash
South Korea’s Jeju Air will acquire a majority stake in compatriot Eastar Jet as planned for a W54.5 billion ($45.8 million) cash consideration. The amount is lower than the W69.5 billion previously announced. W11.95 billion of the acquisition price has already been paid as down payment for the stock sale ...
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NewsThai Airways 2019 losses widen despite increased traffic
Thai Airways International’s losses widened by Bt3.4 billion ($109 million) to Bt12.4 billion in 2019, as revenues fell despite increased passenger numbers. Operating revenue declined by 7.7% to Bt184 billion, as passenger revenue fell 7% to Bt149 billion while the cargo segment plunged 20.4% to Bt17.8 billion. Among the factors ...