All articles by Cirium – Page 62
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NewsAir Malta to suspend all flights as government imposes travel ban
Air Malta is suspending operations, following a decision by the Maltese government to ban all commercial air travel to the country because of the coronavirus outbreak.
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NewsAir NZ targets 30% reduction in workforce: CEO
Air New Zealand could reduce its workforce of 12,500 by up to 30%, as it works through the challenges posed by the coronavirus outbreak Chief executive Greg Foran says: ”Air New Zealand’s well-placed to get through Covid-19. We’re a strong resilient business, we’ve got a good balance sheet.” “But these ...
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NewsDomestic air travel ban hits Philippine carriers
Philippine carriers will bear the brunt of a short-term suspension of domestic air travel from the country’s main Luzon island group, as a “community quarantine” that was first imposed on the metropolitan Manila area has been expanded to include the entire region. The restrictions, effective 15 March for Manila and ...
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NewsJetstar Asia puts all service on hold amid travel restrictions
Jetstar Asia will suspend all services from 23 March to 15 April, in response to “the introduction of new government restrictions across multiple jurisdictions in recent days”. The Singapore-based low-cost carrier will refund affected passengers the full value of their ticket, in the form of a credit voucher valid for ...
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NewsHawaiian suspends Sapporo service into July
Hawaiian Airlines will suspend its three weekly nonstop flights between Honolulu International airport (HNL) and New Chitose Airport (CTS) in Sapporo from 2 April through 18 July due to coronavirus risks, cutting into its revenue hopes for its Japan network. The carrier, which has served Sapporo since 2012, aims to ...
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NewsSingapore Airlines halves capacity, seeks liquidity boost
Singapore Airlines will operate at 50% capacity until end-April and is looking to shore up liquidity. “Given the growing scale of the border controls globally and its deepening impact on air travel, SIA expects to make further cuts to its capacity,” the carrier says in a statement. ...
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NewsLauda halts all flights until 8 April
Ryanair’s Austrian subsidiary Lauda has suspended all flights until 8 April. The Vienna-based airline has been serving more than 100 destinations across some 30 European countries and has stations in German cities Dusseldorf, Stuttgart, Spanish island Majorca, and Croatian city Zadar. Source: Lauda Cirium fleets data shows ...
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NewsMalaysia lockdown curtails regional air travel
Travel restrictions are closing in on Southeast Asia, as Malaysia imposes a partial lockdown after seeing a recent spike in coronavirus cases. From 18 to 31 March, citizens are restricted from leaving the country, while foreign visitors and tourists will be denied entry. Nearly all business, government offices and schools ...
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NewsAir NZ cuts trans-Tasman capacity by 80%
Air New Zealand is making cuts to its trans-Tasman network that will reduce capacity by 80%, starting from 30 March to 30 June. The changes are a result of the impact of the coronavirus outbreak on travel demand, the carrier says. Carriers flying trans-Tasman routes, February 2020 ...
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NewsBOC Aviation to acquire six Cathay 777s under sale-and-leaseback
Cathay Pacific and BOC Aviation have agreed a sale-and-leaseback which will cover six Boeing 777-300ER jets. The Hong Kong-based carrier warned on 11 March that it expects to incur a “substantial loss” over the first half of this year and that its liquidity position would be “adversely impacted” by plummeting ...
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NewsBank expects Lufthansa Group to make €1.5bn operating loss in 2020
Credit Suisse is forecasting that Lufthansa will make an operating loss of €1.5 billion ($1.7 billion) this year, and is advocating a move toward leasing aircraft as a means of improving the group’s cash position. The bank had previously predicted an adjusted EBIT of €2.2 billion. Source: Austrian ...
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NewsNorwegian to cancel 85% of flights and temporarily lay-off 90% of staff
Norwegian is suspending a big majority of its services and laying off 7,300 employees as it seeks to weather the coronavirus outbreak. “The Covid-19 situation is escalating by the hour and due to stagnating demand and enforced travel restrictions by authorities worldwide, Norwegian will gradually cancel most of its flights ...
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NewsVirgin Atlantic to cut 80% of flights and ground 75-85% of fleet
Virgin Atlantic will reduce its flight schedule by 80% and park three-quarters of its fleet by 26 March, in addition to asking staff to take eight weeks of unpaid leave as it seeks to conserve cash and safeguard its future. The UK carrier says it is taking the “drastic measures” ...
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NewsEasyJet may ground ‘majority’ of fleet
EasyJet has warned that the impact of the coronavirus may force it to ground “the majority” of its fleet and threatens the viability of the aviation industry in Europe.
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NewsRyanair may cancel entire April-May schedule
Ryanair expects to park the majority of its fleet over the next week to 10 days as the impact of the coronavirus escalates, and could suspend all of its services for April and May.
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NewsKorean Air utilises passenger aircraft and routes for cargo
Korean Air is using passenger aircraft as freighters on suspended routes, as it seeks “new opportunities in the market amid unpredictable changes such as suspensions of flights and the US’ restrictions on European countries”. On 13 March, the flag carrier transported emergency supplies and agricultural products from South Korea to ...
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NewsAir NZ triggers trading halt, readies for redundancies
Air New Zealand has triggered a self-imposed trading halt from Monday to allow itself “more time to more fully assess the operational and financial impacts of global travel restrictions”. It does not state when this will be lifted. The airline says in the same statement: “As a result of the ...
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NewsAsia-Pacific carriers prioritise urgent customer queries
Carriers inundated with queries in recent days are appealing for customers to reach out only for urgent flight changes. Singapore Airlines (SIA) and Air New Zealand (Air NZ) stated over the weekend that they have received a high volume of customer enquiries across channels and as a result, both carriers ...
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NewsAir India seeks government-guaranteed short-term loan
Air India is inviting bids for government-guaranteed loans totalling INR4.22 billion ($57.1 million). A tender document on the flag carrier’s website states that the loan tenor will be up to one year, and the full amount will be drawn by 24 March. The carrier asks that banks submit their bids ...
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NewsPAL urges US DOT to expedite Manila-Seattle launch
Philippine Airlines (PAL) has urged the US Department of Transport (DOT) to expedite its application to launch a Manila-Seattle service. This comes after United Airlines appealed to the same department to delay PAL’s request, until the US carrier gains commercially viable slots at Manila Ninoy Aquino International airport (NAIA). PAL ...