All articles by Cirium – Page 58
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NewsEmirates to resume some flights on 6 April
Emirates plans to resume flying a limited number of passenger services on 6 April, having received approval from UAE authorities. Sheikh Ahmed bin Saeed Al Maktoum, president of Dubai Civil Aviation as well as chairman and chief executive of Emirates, has tweeted that “these flights will initially carry travellers outbound ...
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NewsFreight rates on the rise amid slump in passenger flights
Air freight rates are rising and cargo carriers ramping up their utilisation to fill the gap left by grounded bellyhold capacity on passenger jets. Normally, nearly half of global air cargo is carried in passenger jets’ bellies. Total cargo capacity, adjusted to include the Lunar New Year, fell 4.4% in ...
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NewsLATAM slashes April capacity 95%
LATAM Airlines has decreased its operation-wide capacity in April by 95%, citing border closures and lower demand because of the coronavirus pandemic.
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NewsBA to furlough 30,000 staff: GMB union
British Airways will furlough more than 30,000 employees under the UK government’s job-retention scheme amid the coronavirus crisis, in a move the GMB union describes as “a relief”. “GMB and our sister union Unite have fought hard to secure members’ terms, conditions and job security. We believe the current deal, ...
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NewsBraathens Regional to halt all flights until 31 May
Swedish operator Braathens Regional Airlines is suspending all its services between 6 April and 31 May.
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NewsEasyJet founder fires first shot in bid to oust board members
EasyJet founder Stelios Haji-Ioannou has followed through on his threat to start dismantling the airline’s board if it fails to cancel its Airbus order, requesting a shareholder meeting to discuss the removal of Andreas Bierwirth as a director. The UK budget carrier disclosed in a 2 April regulatory filing that ...
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NewsPassenger traffic may only recover end-2021: ACI World
Worldwide passenger traffic may not recover to pre-coronavirus levels until the end of 2021, according to an economic analysis by Airports Council International (ACI) World. The trade association expects the coronavirus outbreak could result in a 38% shortfall in 2020 worldwide passenger traffic against its pre-crisis forecasts, and the pandemic’s ...
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NewsWellington clears extra Qatar Airways flight for repatriation
The New Zealand government has approved Qatar Airways for a second daily flight from Auckland to Doha, as part of measures to help repatriate foreign nationals stranded in New Zealand. Earlier, the carrier said on 26 March that it will operate flights to Brisbane for the first time and add ...
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NewsMore cuts to APAC schedules as coronavirus outbreak persist
Asia-Pacific carrier schedules are shrinking fast as the coronavirus crisis continues to take its toll on travel demand. Japan’s All Nippon Airways (ANA) announced further reductions to international capacity today, the third update in three days. The latest reductions affect routes to Frankfurt, Chicago, New York, Los Angeles, Bangkok, Ho ...
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NewsQatar Airways puts New York and Spanish flights on hold
Qatar Airways is suspending flights to New York and the Spanish cities Madrid and Barcelona, but vows to reinstate them “in line with a return to regular conditions”. Framing its decision, the Oneworld member says it “continues to temporarily hold flights to severely affected countries due to entry restrictions implemented ...
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NewsAsia-Pacific airports grind to a halt on coronavirus impact
Airports across Asia-Pacific are temporarily shutting terminals, shops and have put spending on hold as they grapple with traffic restrictions due to the coronavirus outbreak. “Every passenger lost by an airline is equally a passenger lost by an airport,” says Stefano Baronci, director general of Airport Council International (ACI) Asia-Pacific. ...
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NewsIndonesia AirAsia’s growth halted due to coronavirus and economy
Indonesia AirAsia has been forced to halt its growth plan for this year, as a result of the coronavirus pandemic and economic challenges faced by Indonesia. The plan for 2020 was for the low-cost carrier to increase its market share by adding three new aircraft and launching new services, having ...
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NewsSouthwest cuts capacity another 20%
Southwest Airlines deepened its capacity cuts to 40% from 3 May through 5 June.
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NewsCitilink swings back to profitability in 2019
Indonesian low-cost carrier Citilink posted an operating profit of $67.8 million in 2019, marking a return to profitability for the Garuda Indonesia subsidiary. This is a significant turnaround for the airline, which recorded an operating loss of $54.6 million in 2018, Garuda’s 2019 annual report shows. Revenue for the year ...
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NewsChina Eastern sees ‘significant uncertainty’ in 2020
China Eastern Airlines enjoyed a boost in operating and net profit last year while strengthening its cash position, but the coronavirus pandemic is creating “significant uncertainty” in 2020. The Shanghai-based carrier’s operating profit gained 8.3% to CNY10 billion ($1.4 billion) for the year ended 31 December 2019. Net profit increased ...
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NewsWalter Cho re-elected as Hanjin KAL chairman
Walter Cho was re-elected as the chairman of Hanjin KAL at an annual general meeting held on 27 March. Hanjin KAL, the parent group of Korean Air, is controlled by the Cho family. Walter Cho succeeded his father, the late Cho Yang-ho, as head of Hanjin KAL in 2003. He ...
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NewsGaruda returns to profitability in 2019
Garuda Indonesia posted an operating profit of $147 million for 2019, a turnaround from the $199 million operating loss in 2018. Revenue grew 5.6% to $4.57 billion, driven by a 6.9% increase in passenger revenue. Total costs declined by 4% to $4.4 billion, as the group carrier tightened its belt. ...
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NewsTegel airport operator plans temporary closure to cut costs
Berlin’s airports operator is preparing a temporary closure of the Tegel airport, and requires fresh capital to deal with the fallout of the coronavirus crisis
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NewsIcelandair to absorb regional Air Iceland Connect operation
Icelandair Group will fold the activities of Air Iceland Connect into its mainline operation and eliminate the position of the regional arm’s managing director.
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NewsBritish Airways suspends flights from Gatwick
British Airways has suspended operations at its London Gatwick hub, citing “challenging” market conditions caused by the coronavirus pandemic. Gatwick is the UK’s second-busiest airport after London Heathrow, and BA’s second-largest hub. Cirium schedules data shows that the carrier serves 75 destinations from Gatwick. Source: Gatwick Airport ...