All articles by Cirium – Page 39
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NewsQatar Airways returns to London Gatwick
Qatar Airways will resume daily flights to London Gatwick on 20 August, expanding its UK network to include four airports. The Doha-based Oneworld carrier will deploy a Boeing 787 on the Gatwick route, configured with 22 business-class seats and 232 in the economy cabin. With the resumption of Gatwick service, ...
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NewsIATA downgrades forecast for European passenger numbers in 2020
IATA is warning that the impact of the coronavirus on Europe’s aviation industry will be even greater than it estimated in June.
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NewsCebu Pacific’s losses worsen in second quarter
Cebu Pacific’s financial losses deepened in the second quarter of this year as the impact of the Covid-19 pandemic began to be felt more severely. The Philippine airline and its subsidiaries made an operating loss of Ps6.29 billion ($129 million) in the three months ended 30 June, it reports. This ...
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NewsHong Kong airport resumes transit for passengers from mainland
Hong Kong International Airport will allow passengers arriving from mainland China to transit during the period 15 August to 15 October. “On the other hand, transfer/transit services to destinations in mainland China will remain unavailable at HKIA,” says the airport. It did not give a reason for the resumption and ...
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NewsOver 6,000 SIA staff have taken unpaid leave since March
More than 6,000 Singapore Airlines Group employees, including ground staff, pilots and cabin crew have taken varying days of unpaid leave since they were first offered to do so in March. Singapore Airlines tells Cirium that the leave starts from a minimum of seven days and that more than 1,700 ...
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NewsMesa bets on Cargo as operating profit falls 12%
Mesa Air Group reported a $15 million operating profit during the third quarter despite the travel downturn during the coronavirus pandemic.
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NewsJet2 parent has ‘sufficient liquidity’ for a year without flights
UK leisure carrier Jet2’s parent company Dart Group has concluded from a modelling exercise that it would have “sufficient liquidity” for a scenario in which no flights could be operated until August of next year.
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NewsHong Kong extends waiver for ‘use it or lose it’ slot rule
Hong Kong’s civil aviation authority has extended a waiver for a “use it or lose it” rule relating to slot utilisation, giving carriers more flexibility to adjust their schedules amid the challenging Covid-19 environment. The Worldwide Airport Slot Guidelines (WASG) rule stipulates that airlines need to operate from their slots ...
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NewsGreater Bay Airlines applies for AOC in Hong Kong
A new carrier hoping to set up in Hong Kong, Greater Bay Airlines, has applied for an air operator’s certificate. The AOC application was submitted in July and is being processed, Hong Kong’s Civil Aviation Department says in a statement to Cirium, without giving further details. If successful, the airline ...
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NewsTUIfly returns more than half its 737s to service
German leisure carrier TUIfly has reactivated more than half of its fleet since restarting regular flights on 15 June.
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NewsAirAsia X carried fewer than 2,300 passengers in second quarter
Long-haul low-cost carrier AirAsia X carried only 2,291 passengers during the three months ended 30 June.
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NewsQantas raises only $51.4 million with share-purchase plan
Qantas has raised only A$71.7 million ($51.4 million) from a share-purchase plan (SPP) intended to raise as much as A$500 million, according to a 10 August filing to the Australian Securities Exchange.
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NewsBritish Airways staff receive redundancy notices
British Airways has begun informing thousands of staff whether they will be made redundant, as part of its plan to cut 12,000 positions.
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NewsChina Airlines to pump up to $68 million into Tigerair Taiwan
Taiwanese flag carrier China Airlines plans to inject as much as NT$2 billion ($68 million) of equity into low-cost subsidiary Tigerair Taiwan.
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NewsKorean Air delivers profitable second-quarter with freight focus
Korean Air’s focus on cargo operations appears to have paid off, as it reports a profitable second quarter that outperformed the year-ago period. The airline saw revenue decline 44% year-on-year to W1.69 trillion ($1.4 billion), as the Covid-19 pandemic led to a sharp decline in passenger demand. Despite that, it ...
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NewsRehabilitation crucial to Nok Air’s survival
When Thailand’s flag carrier filed for business rehabilitation in May, the airline’s creditors strapped in for what is looking to be a long and possibly wild ride. Thai Airways International’s rehabilitation could take years, lawyers familiar with the process told Cirium at the time, adding that the carrier’s complex 98-strong ...
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NewsJeju Air could take $15m hit from cancelled Eastar Jet deal
Jeju Air may have scrapped plans to acquire a majority stake in Eastar Jet, but it could still take a further W18 billion ($15 million) hit to its bottom line.
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NewsDAE Capital dealing with more complicated deferral requests: CEO
Lessor DAE Capital has improved its cash collection rate since a low point in April, but is now having to contend with rental deferral requests that are longer, bigger and more complex than before. The Dubai-based lessor’s cash collection rate, which it reported as a percentage, improved to the “mid-70s” ...
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AnalysisRising backlog of jets still undelivered 60 days after first flight
Airbus and Boeing have collectively accumulated a backlog of more than 120 passenger jets that had their first flights more than 60 days ago but are yet to be delivered to customers (excluding the grounded 737 Max).
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NewsVirgin Atlantic seeks bankruptcy protection in New York
UK carrier Virgin Atlantic Airways has filed for Chapter 15 bankruptcy protection in the USA, stating that it will run out of cash in September after months of attempts to cut costs, raise capital and seek UK government assistance.