All Airlines articles – Page 335
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OpinionTry not to panic - we have been here before
While the present may seem desperate for flightcrews released by their employers, this is not the first downturn experienced by the industry and may help pilots focus on what means the most to them.
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NewsAllegiant burned $1.3 million daily during third quarter
The parent company of Allegiant Air burned a daily average of $1.3 million in cash during the third quarter, including debt payments, rising from its daily cash burn average of $900,000 during the second quarter.
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NewsGolden Week adds shine to China’s domestic airline recovery
Chinese airlines carried more than 13 million passengers across the recent Golden Week holidays in October, with the number of flights mounted during the period close to pre-pandemic numbers. Chinese carriers mounted more than 117,000 flights between 1 to 8 October. Of these, a large majority — nearly 110,000 ...
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NewsIsraeli-Jordan airspace pact set to unlock more Middle Eastern routes
Israel’s government has expanded potential route networks with Arab states through an airspace agreement with its Jordanian counterpart. The pact, signed between civil aviation authorities on 8 October, opens the two countries’ airspace and will “significantly shorten flight times” from the Gulf states and Asia to destinations in Europe and ...
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NewsHigher-weight A330-900 secures European certification
Airbus’s higher-weight A330-900 has obtained certification from the European airworthiness authority, enabling operators to take advantage of greater range. The aircraft, the larger variant of the A330neo family, has a maximum take-off weight of 251t. French carrier Corsair will be the first carrier to introduce the new version. Airbus commenced ...
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NewsAir Canada 737 Max transactions garner $365 million
Air Canada has sealed sale-and-leaseback transactions for three Boeing 737 Max 8 aircraft with Jackson Square Aviation and six Max 8 aircraft with Avolon for total proceeds of $365 million. Boeing delivered these nine Max aircraft to Air Canada during the past three years, the carrier stated 8 October in ...
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Airline BusinessNo one-size-fits-all for European LCC approach to crisis capacity
If the narrative among pan-European low-cost carriers over recent years has been one of consistent rapid growth, the approach to restoring capacity of the leading players since the pandemic has been anything but uniform. Analysis of traffic data released by EasyJet, Norwegian, Ryanair and Wizz Air over recent days illustrates ...
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NewsZipair Tokyo to start passenger flights on 16 October
Japanese start-up Zipair Tokyo will begin passenger flights to Seoul Incheon on 16 October after a planned earlier launch was delayed by the Covid-19 crisis.
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NewsPortuguese government completes TAP stake increase
Portugal’s government has completed its acquisition of an additional 22.5% stake in TAP, clearing the way for the airline to access the rest of its state loan.
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Airline BusinessCreditors face painful choice over AirAsia X
AirAsia X has asked creditors to accept an epic debt haircut, offering two painful options amid an airline industry in crisis. Announced on 6 October, the plan, if approved, would see liabilities of some MYR63.5 billion ($15.3 billion) reduced to just MYR200 million payable within the next five years at ...
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NewsEasyJet expects full-year losses of more than £800m
EasyJet is set to make a group headline loss for the year ended 30 September of between £815-£845 million ($1-$1.1 billion) and expects to fly only a quarter of its planned capacity over the remainder of the calendar year as the pandemic continues to hit demand.
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NewsMore airport jobs cuts announced as UK studies testing initiative
MAG, the owner of London Stansted and Manchester airports, has become the latest UK airport operator to open talks with unions over cuts amid the continued slump in air traffic as a result of the coronavirus crisis.
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NewsQatar Airways adds new US link with San Francisco flights
Qatar Airways is to launch flights to San Francisco this December, adding the west coast city to its US network for the first time.
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NewsAlaska speeds retirement of 10 Airbus A320s
Alaska Airlines will retire 10 of the Airbus A320 aircraft it owns earlier than intended, accelerating its cost-saving transition back to the all-Boeing fleet structure it operated before acquiring Virgin America.
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NewsSingapore reiterates support for SIA, Changi Airport through pandemic
The Singapore government has pledged to support troubled national carrier Singapore Airlines (SIA) and the Changi Airport Group (CAG) “as much as we can” through a “deep crisis”, as it mulls a safe and steady reopening of its borders. Speaking at a parliamentary sitting on 6 October, transport minister Ong ...
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NewsTrump halts negotiations on bill that included airline aid
Hope that lawmakers might agree to a second airline financial aid package grew dim on 6 October, after President Donald Trump called an end to negotiations, leaving thousands of furloughed aviation workers with no immediate prospect of returning to their jobs.
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NewsSouthwest to cut pay in order to avoid furloughs through 2021
Southwest Airlines will cut employee pay in order to attempt to prevent furloughs through the end of 2021.
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NewsIATA warns of imminent airline bankruptcies
The world’s airlines are haemorrhaging cash at a rate of around $300,000 per minute or $13 billion per month, which could force large swathes of the industry into bankruptcy within months, IATA has warned. With traffic levels set to remain stunted through 2021, IATA believes carriers will continue to burn ...
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NewsFinnair cuts winter capacity to match reduced demand
Finnair has scaled back its flight schedule for the winter season, in response to weakened demand amid ongoing Covid-19-related travel restrictions. The Oneworld carrier states that between 25 October 2020 and 31 March 2021 it will operate 75 flights a day, down from 350 in the same period of 2019. ...
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NewsAirAsia X to shed aircraft and restructure debts
Grounded long-haul low-cost carrier AirAsia X has unveiled a restructuring plan under which it aims to get debts waived and cut aircraft from its fleet in the hope that it will be able to avoid liquidation and raise fresh equity. AirAsia X says it “will not be able to meet ...