All articles by Cirium – Page 61
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NewsEasyJet cancels 90% of flights from 24 March
EasyJet will ground the majority of its aircraft from 24 March because of the coronavirus-related travel restrictions in force across its network. The carrier will continue to operate rescue flights to repatriate customers, but anticipates this will mostly be complete by 23 March. “These are unprecedented times for the airline ...
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NewsS&P cuts European airlines’ credit ratings
S&P Global has lowered its ratings for EasyJet, Ryanair, Lufthansa, IAG, British Airways, Air Baltic, Turkish Airlines and SAS, and placed them on alert for further downgrades as the coronavirus hurts their liquidity positions. “The pandemic materially threatens the credit quality of European airlines and poses serious challenges for the ...
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NewsAirAsia reinstates Fernandes, Meranun citing independent probe
AirAsia Group reinstated Kamarudin Meranun and Tony Fernandes to their previously vacated positions on 20 March, after the low-cost carrier and its long-haul sister AirAsia X completed an independent probe into Airbus bribery allegations. The was conducted following an investigation into Airbus over corruption allegations. UK court documents list five ...
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NewsEuropean Council approves plan to waive slot rule until October
The European Council has approved a plan to suspend rules that force airlines to continue operating 80% of flights at certain EU airports in order to maintain slots.
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NewsSpain’s Volotea grounds fleet until 8 April
Volotea has announced the temporary grounding of its entire fleet until at least 8 April, sending home 1,100 of its employees in Spain, France and Italy over this period.
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NewsSouth African Airways suspends all international services
South African Airways is immediately cancelling all international services until the end of May.
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NewsCoronavirus rebound will take time: Air NZ chief
Air New Zealand’s chief executive believes the airline will emerge from the coronavirus crisis after agreeing to government backing on Friday, but a rebound will take time. “I’m pretty sure the airline’s going to be a little bit smaller than what it was, because it will be a bit of ...
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NewsWellington throws financial lifeline to Air NZ
Air New Zealand has secured standby funding of up to NZ$900 million ($511 million) from the government to support the airline as it battles the coronavirus outbreak. The government, which owns 52% of the airline, said on 20 March that the deal allows the carrier to keep operating and will ...
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NewsHawaiian to cut flights by 40% during April
Hawaiian Airlines plans to cut 40% of its flights in April, including international routes and those to the continental USA, as the carrier prepares for a prolonged lack of demand and additional government travel restrictions in response to the coronavirus outbreak. The carrier on 18 March announced it will halt ...
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NewsAir Baltic joins calls for sector-wide support
Air Baltic is urging government assistance for the airline industry amid the coronavirus crisis. As the Latvian carrier reported a net loss of €7.7 million ($8.2 million) for 2019, chief executive Martin Gauss noted that, given the sector’s vulnerability to the outbreak, “state support for airlines in general might be ...
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NewsRwandAir to suspend operations for 30 days
RwandAir will temporarily halt all services from 21 March to 21 April, as its looks to help prevent the spread of coronavirus. The African carrier will operate its last commercial passenger flight from Rwandan capital Kigali to London Gatwick on 20 March at 01:00. The return service will depart from ...
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News‘This is really about industry survival’: EasyJet chief
EasyJet chief executive Johan Lundgren has warned that the aviation industry is facing its worst crisis in history – one that is threatening many carriers with bankruptcy. “This is really about industry survival,” he told ITV’s Robert Peston in a television interview on 18 March. “What we have been asking ...
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NewsSwiss ponders full operational stop amid ‘draconian’ restrictions
Swiss International Air Lines is considering a full suspension of flights, following the lead of other carriers within Lufthansa Group, which as a whole has shed 95% of its planned capacity.
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NewsIATA blasts new EU passenger rights guidance during pandemic
Airline passengers whose flights are cancelled as a result of the coronavirus outbreak will be able to choose between having the cost of their ticket reimbursed or rebooking on to a later flight under new European Union guidelines, a move that has prompted “dismay” at IATA.
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NewsLufthansa Group parks 700 aircraft in crisis response
Lufthansa Group is unable to predict how much its profit will fall this year as it confirmed a 95% capacity reduction to battle the coronavirus outbreak. “At present, no one can foresee the consequences,” notes chief executive Carsten Spohr in a statement accompanying 2019 earnings. “We have to counter this ...
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NewsQantas and Jetstar suspend all international flights
Qantas and Jetstar are suspending scheduled international flights from late March, in accordance with the Australian government’s advice. Qantas Group says in a statement: “With the federal government now recommending against all overseas travel from Australia, regularly scheduled international flights will continue until late March to assist with repatriation, and ...
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NewsSpirit reduces April and May capacity by 20%
Spirit Airlines will cut its April capacity by 20% and its May capacity by 25% and reduce executive salaries as the ultra-low-cost carrier seeks to reduce costs in response to the coronavirus pandemic. Load factors are expected to continue declining through March as governments limit air travel in attempt to ...
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NewsAir Canada to scale back international routes through April
Air Canada today says it will gradually suspend most international flights by 31 March in response to the coronavirus pandemic while maintaining a few routes to help Canadian citizens repatriate and continue essential cargo deliveries. US president Donald Trump and Canada’s prime minister Justin Trudeau have announced plans to temporarily ...
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NewsAllegiant cuts capacity and halts non-airline projects
Allegiant Travel Company, the parent company of Allegiant Air, announced today it will immediately cease activity on non-airline projects including construction of its Sunseeker Resort in Florida as it anticipates capacity cuts to rise to 35% during April and May. The Las Vegas-based leisure carrier had previously cut airline capacity ...
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NewsRyanair may shut down all operations from 24 March
Ryanair is cutting 80% of its scheduled flights and could ground its entire fleet in response to the coronavirus.