All Coronavirus articles – Page 37
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NewsEasyJet confirms axing of three UK bases
Low-cost carrier EasyJet is to close its bases at the London airports of Stansted and Southend, as well as Newcastle, as cuts its UK network to counter lower levels of demand.
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Airline BusinessKorean doubles down on cargo amid challenging passenger market
Korean Air’s second quarter operating profit on the back of strong cargo performance offered a dash of positive news to a sector reeling from the coronavirus pandemic.
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NewsTransit passengers lift Cathay July traffic figures
Cathay Pacific, which recently reported a record first half operating loss, carried a significantly higher number of passengers for July, as transit passengers lifted passenger volume for the month. Together with its regional arm Cathay Dragon, the carrier carried nearly 43,000 passengers in July, a 58.5% month on month ...
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NewsCovid-19 travel restrictions bog down Fiji Airways
Fiji seems unlikely to resume international air travel soon, especially as its national carrier cancelled scheduled international passenger service through the end of September. “This is due to ongoing border closures and travel restrictions as a consequence of the Covid-19 pandemic,” Fiji Airways said in a 12 August statement. The ...
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NewsClark stresses bailout urgency as Emirates passenger flights increase
Emirates passenger flights now account for approximately half the airline’s daily frequencies but a bailout from owner the Dubai government will be needed “sooner rather than later”, says airline president Tim Clark.
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NewsNokScoot woes drag Nok Air deeper into red
Thai low-cost carrier Nok Air saw a staggering increase in its first-quarter losses, led mostly by trouble at its now-shuttered long-haul subsidiary NokScoot. Nok, which recently took a similar path as compatriot Thai Airways to file for business rehabilitation, reported an operating loss of Bt4.4 billion ($141 million) for the ...
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NewsTroubled Thai sees operating loss more than double
Thai Airways International, which recently entered court-supervised business rehabilitation amid longstanding financial woes, plunged deeper into the red in its half-yearly financial results. For the six months ended 30 June, the Star Alliance carrier reported an operating loss of Bt18.3 billion ($590 million), widening the Bt7.9 billion operating loss it ...
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NewsST Engineering Aerospace sees first-half profit shrink
ST Engineering’s aerospace unit remained profitable in its half-yearly financial results, though both operating and net profits saw year-on-year declines. For the six months ended 30 June, the unit made an operating profit of S$116 million ($84.4 million), a 21% decrease year on year. It also saw net profit fall ...
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NewsADS proposes £1 billion investment fund for UK aerospace to aid Covid-19 recovery
UK aerospace suppliers could be thrown a £1 billion lifeline if plans put forward by trade body ADS are adopted by the government.
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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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NewsTaiwanese carriers bounce back to profitability despite global downturn
China Airlines and EVA Air reported operating profits for their latest quarterly financial results, placing them among the few airlines to turn a profit during a pandemic-induced economic downturn. For the three months ended 30 June, both carriers made a strong comeback from a loss-making previous quarter — despite ...
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NewsCathay not cancelling 777-9 orders, as it warns of bleak second half
Cathay Pacific has stressed that it is in discussions with Boeing about deferring — not cancelling — its orders for the 777-9 widebody. At a briefing after it disclosed record first half losses, Cathay chief operations and service delivery officer Greg Hughes says it is a “deferral of all 21 ...
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NewsCathay plunges to record HK$8.7 billion loss in ‘most challenging’ first half
Cathay Pacific Group reported a staggering operating loss of HK$8.7 billion ($1.13 billion) for its half-year financial results, in what its chairman called the “most challenging” period for the group in its 70-year history. Cargo proved to be the sole bright spot for the troubled group, which in recent months ...
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NewsThai AirAsia posts big operating loss amid broader group woes
Thai AirAsia’s dismal financial performance in the second quarter underlines the devastating impact of coronavirus for the AirAsia Group. Thai AirAsia parent Asia Aviation saw its operating loss for the quarter ended 30 June more than double to Bt1.8 billion ($58 million), from Bt798 billion a year earlier. Revenue fell ...
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NewsEVA Air hints at changes to 787 orderbook
EVA Air has entered negotiations with Boeing about its remaining 787-10 orders, hinting at a possible deferral or cancellation of some aircraft. The Star Alliance carrier says it is doing so “in response to changes in market demand and continuous optimisation of…network and fleet”, as a result of depressed travel ...
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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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Airline BusinessAsia-Pacific airlines temper optimism with caution - but for how long?
While capacity is expected to increase in coming months, airlines in and around the region warn of material losses in upcoming financial results. With the pandemic-induced downturn showing no sign of easing off anytime soon, they are finding it increasingly trickier to match expectation with reality.
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NewsMoscow airports top European traffic in pandemic-hit first half
Moscow Domodedovo airport was Europe’s busiest airport for passenger numbers during June, a month in which the impact of the global pandemic was further illustrated by London Heathrow falling outside the top 10 biggest airports during that time.
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NewsRussia and Central Asia consider fleet and fare restrictions for recovery
Russian and Central Asian authorities are considering restricting the size of airlines, and setting specific fare levels, to assist with the recovery of air transport in the region. The measures are among several discussed during a conference on support mechanisms for civil aviation among members of the regional interstate aviation ...