All Coronavirus articles – Page 44
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NewsCORSIA airline emissions baseline to exclude 2020 data, says ICAO
The ICAO Council has decided to disregard data from 2020 when calculating the baseline emissions for its CORSIA global carbon offsetting scheme for commercial aviation, in light of the coronavirus pandemic.
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NewsGaruda posts sharp fall in first-quarter operating profit
Garuda Indonesia posted an operating profit of $616,000 in the first quarter of 2020, a sharp fall from the $49.4 million profit in the same period last year. Revenue for the quarter ended 31 March fell by 30.1% year-on-year to $768 million, led by a 29.2% decline in revenues from ...
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NewsPandemic pushes GMF AeroAsia into the red
GMF AeroAsia slipped into the red for the first quarter of the year, on the back of higher expenses and falling revenue amid the coronavirus outbreak. For the quarter ended 31 March, the MRO unit of Garuda Indonesia posted an operating loss of $32.4 million, reversing the $8.29 million ...
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NewsThailand to ease international flight ban
Thailand will ease a ban on international passenger flights into the country from 1 July, nearly three months after first imposing it on 4 April. The Civil Aviation Authority of Thailand will permit international passenger flights to operate into Thailand carrying 11 permitted categories of passenger. These include returning Thai ...
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NewsAeromexico files for bankruptcy
Grupo Aeromexico, the parent company of Mexican flag carrier Aeromexico, has filed for Chapter 11 bankruptcy protection in the US after the coronavirus pandemic decimated its business.
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NewsDespite almost certain job cuts, airlines sell vision of brighter days ahead
US airline human resources executives forecast short-term pain for aviation employees but must remain upbeat that their industry will find a way out of its current slump in order to attract candidates back to fulfilling careers when the coronavirus is history. For many of them, it’s a tough sell.
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NewsAirbus not expecting significant changes in production rates: Faury
Airbus is not expecting to make substantial adjustments to its production rates for the foreseeable future, following the cuts to monthly output it disclosed in early April. The airframer has brought monthly single-aisle production down from 60 to 40 aircraft, while the twin-aisle rate has fallen from 9.5 to six ...
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NewsAirbus to cut global workforce by 15,000 personnel
Airbus is set to cut its workforce by 15,000 personnel by summer next year, as part of its response to the downturn in the air transport sector. These cuts will include 5,100 positions in Germany, another 5,000 in France, and 1,700 in the UK. The measures affect subsidiaries including Premium ...
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NewsTAP to cut more aircraft as losses mount
TAP Air Portugal has disclosed plans to further reduce its fleet after first-quarter net losses almost quadrupled to €395 million ($443 million) amid the Covid-19 pandemic.
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NewsLufthansa’s reactivated fleet to reach 380 aircraft during summer
Lufthansa Group plans to have reactivated half of its fleet by October as it sees increased booking demand following an easing of travel restrictions in several countries.
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NewsSAS details extensive make-or-break recapitalisation plan
Scandinavian operator SAS has detailed a recapitalisation programme intended to run alongside its revised business plan and the implementation of broad efficiency measures. It says the Swedish and Danish governments, along with its third-largest shareholder – the Wallenberg Foundation – are supporting the plan, through which SAS aims to restore ...
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AnalysisOpportunity in crisis for Australian regional airlines
There is opportunity in every crisis and the Covid-19 pandemic could present one for some of Australia’s regional airlines to expand. The grounding of airline fleets globally “presents significant opportunities for Alliance [Aviation] to expand its fleet” and it is looking to raise a target A$122 million ($85 million) for ...
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NewsNorwegian cancels 97 Boeing aircraft orders
Norwegian has cancelled orders for 97 Boeing aircraft including examples of the troubled 737 Max and the 787 Dreamliner, and is claiming compensation for financial losses related to the two jets.
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NewsPorter Airlines delays restart to 31 August
Canada’s Porter Airlines will restart its operations a month later than previously planned due to ongoing coronavirus-prompted travel restrictions that continue to make business difficult.
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NewsCovid-19 to hit per-passenger emission reductions: HSBC
The coronavirus crisis will reduce the overall output of carbon emissions from Europe’s airlines, but a desire to cut capital expenditure will delay introduction of new aircraft, weakening unit CO2 performance, according to analysis from HSBC.
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NewsAir New Zealand details extremely weak May traffic
Air New Zealand’s May traffic statistics continue to highlight the extreme weakness confronting airlines amid the coronavirus pandemic. For the entire month, the airline carried just 67,000 passengers, down 94.8% from 1.3 million passengers in May 2019. ASKs fell 92.8% year on year and RPKs 97.1%. The airline’s load factor ...
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NewsJetstar Asia to dispose of aircraft, cut staff
Singapore low-cost carrier Jetstar Asia will cut five Airbus A320s and axe 180 staff as it seeks to ride out the coronavirus pandemic. The move will reduce the carrier’s fleet to just 13 aircraft, it says. The carrier made the adjustments after consultations with shareholders. Qantas Group owns 49% of ...
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NewsUnited reinstates flights to Asia
United Airlines will resume flights between the US and several destinations in Asia next month.
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Airline BusinessQatar Airways chief Al Baker on reactive approach to crisis
A reactive strategy has helped Qatar Airways keep a significant number of aircraft flying in the crisis, says group chief executive Akbar Al Baker, as the airline prepares for the recovery.
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NewsKLM secures €3.4bn in state support
Dutch carrier KLM has sealed state backed financing of €3.4 billion to help it through the coronavirus crisis under an agreement which is tied to conditions around cost reductions and environmental performance. The Dutch government had in April pledged an aid package to KLM in the form of state guarantees ...