All Coronavirus articles – Page 52
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OpinionWhy carriers cannot rush return from coronavirus
Quarantine might not completely kill any tentative recovery in air travel, but it would certainly limit its appeal to the few passengers who are either booking a one-way journey or do not mind spending time cooped up like a dog suspected of rabies.
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NewsJet2 owner accesses £300m UK government loan
Jet2’s parent company has qualified for a £300 million ($366 million) loan from the UK government’s Covid Corporate Financing Facility (CCFF).
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NewsKorean Air reports $46 million first-quarter loss
Korean Air reported a W56.6 billion ($46 million) operating loss for the first quarter of 2020 and says the “relatively mild loss” was mitigated by lower operating costs.
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NewsCathay posts $580m loss for January to April on coronavirus impact
Cathay Pacific and its subsidiary Cathay Dragon made a HK$4.5 billion ($580 million) loss for the first four months of the year, according to unaudited financial results, amid depressed travel demand during the coronavirus outbreak. Releasing its traffic figures for April, Cathay adds that the financial outlook in the next ...
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NewsSIA coy on accelerated retirements amid pandemic hit
Singapore Airlines will fully phase out the older aircraft types in its fleet - such as the Boeing 777-200ER and Airbus A330-300 - within a year, but declines to say whether the retirement of the widebodies has been accelrated by the coronavirus outbreak.
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NewsIATA lays out guidelines for restarting Latin American air travel
Airline trade group IATA has presented an air travel rebook strategy to nearly 50 Latin American and Caribbean governments, laying out guidelines aimed at minimising the spread of coronavirus during airline travel.
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NewsAzul cites flexibility as key to coronavirus operations
Brazilian carrier Azul says it is preparing a host of scenarios to manage its way out of the coronavirus crisis, while keeping cash burn low and maintaining a high level of liquidity that it hopes will help it see through to the other side of the global pandemic.
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NewsDelta to retire 777s, completing shift to A350s
Delta Air Lines says it will be retiring its Boeing 777 fleet by the end of 2020 as the coronavirus pandemic continues to disrupt global travel, creating openings for airlines to permanently streamline their fleets and save money by shifting to more efficient aircraft.
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NewsUS Senators propose aerospace industry private-public partnership
US Senators Jerry Moran and Mark Warner have put forward a bill to support the aerospace industry as the aftereffects of the global coronavirus pandemic continue to ravage the sector and threaten to destroy thousands of jobs.
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NewsRussian government grants subsidies to coronavirus-hit airlines
Russia’s government is allocating Rb23.4 billion ($317 million) to the country’s carriers to provide financial support as the coronavirus crisis begins to affect their operations substantially. Passenger traffic among Russian airlines was down by 93% in April. Aeroflot, Rossiya and Ural Airlines passengers numbers fell by 92-95%, while Utair’s and ...
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NewsUS DOT relaxes CARES Act route commitments
The US Department of Transportation (DOT) will allow airlines to suspend service to at least five additional locations on their networks in an ongoing process to minimize the costs of operating flights amid coronavirus while keeping the USA connected. The CARES Act gives authority to the US Transportation and Treasury ...
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NewsKorean Air raises $1.8 billion from new shares and government aid
Korean Air will raise W2.2 trillion ($1.8 billion) in fresh capital – W1 trillion from a new share issue and W1.2 trillion in government aid – to overcome challenges posed by the Covid-19 pandemic. The carrier will issue 79 million shares at W12,600 each, a move it says was decided ...
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NewsUS Senators introduce coronavirus flight ticket cash refund legislation
A group of Democratic US Senators have proposed legislation that require airlines offer full cash refunds for all tickets that were cancelled either by the airline or by the passenger during the coronavirus pandemic.
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NewsEASA to set out ‘safety protocol’ for restoration of air transport
Europe’s aviation safety authority is to set out, in the next few weeks, technical operational guidelines to enable the air transport industry to adopt a co-ordinated approach to restoring airline travel.
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NewsCarriers should enhance voucher appeal to relieve refund pressure: EU
European Union regulators have laid out guidelines intended to reduce the pressure on airlines to refund passengers for flights cancelled through the coronavirus crisis, by enhancing the appeal of voucher schemes. The European Commission’s executive vice-president, Margrethe Vestager, stated during a briefing on travel and tourism strategies on 13 May ...
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NewsTUI Group to ‘right-size’ airlines as cuts affect 8,000 staff
Leisure giant TUI Group is aiming to cut or avoid recruiting around 8,000 personnel as it looks to overhaul its global activities in response to the coronavirus crisis. TUI Group says it will “right-size” its airlines and its order book, as well as divest non-profitable businesses. It is intending to ...
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NewsAvalon Airshow pushed back to late 2021
Next year’s Avalon air show has been postponed owing to the coronavirus pandemic, with a new date proposed for late 2021. The event had been scheduled for 23-28 February 2021, but the organiser, AMDA Foundation, says the event will be pushed back several months, potentially to November. Source: ...
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NewsBA CityFlyer looks to rejig Edinburgh crew base and cut pilot numbers
British Airways’ CityFlyer division is looking at changes to its Edinburgh crew base and cutting 72 pilots as part of restructuring being introduced in response to the coronavirus crisis. CityFlyer primarily operates out of London City and Edinburgh, using a fleet of Embraer 190s and 170s. The airline has formally ...
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NewsAvianca reorganisation begins
Avianca says initial motions in the proceedings for reorganisation under its Chapter 11 bankruptcy filing have been approved by the US Bankruptcy Court for the Southern District of New York, allowing it to pay employees and creditors and maintain some operations.
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NewsRyanair aims to re-open most of its network from 1 July
Ryanair is to reinstate flights across some 90% of its network from the beginning of July, with an ambitious bid to restore an air transport operation demolished by the coronavirus crisis. While much of the network will be available, with most bases active, the overall schedule – around 1,000 daily ...