All Coronavirus articles – Page 66
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NewsAPAC passenger demand to fall 37%, wipe out $88b in 2020: IATA
IATA expects a 37% decline in Asia-Pacific passenger demand this year from the coronavirus pandemic, wiping out $88 billion in revenue. This is based on a scenario where severe travel restrictions last for three months, followed by a gradual recovery, the trade association said today. Conrad Clifford, IATA’s regional vice ...
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NewsCathay Pacific cuts long-haul schedule further for April
Cathay Pacific has announced further cuts to its long-haul schedule for April, with 97% of planned passenger capacity now scrapped. The carrier had already announced on 20 March that it was reducing capacity by 96% for April and May. As part of what it terms a “bare skeleton” schedule, the ...
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Airline BusinessSlowly but surely, China domestic capacity creeps back up
While airlines around the world hunker down amid the coronavirus crisis, the Chinese domestic market is telling a different story.
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NewsFebruary travel demand slump worst since 9/11: IATA
Collapsing domestic travel in Mainland China — the epicentre of the coronavirus outbreak — coupled with falling travel demand to and from the Asia-Pacific region, led to the sharpest drop in demand in almost two decades. Releasing its global passenger traffic data for February, IATA says RPKs for the ...
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NewsSIAEC details additional measures to mitigate coronavirus hit
SIA Engineering (SIAEC) is stepping up efforts to mitigate the impact of the coronavirus crisis, including bigger management pay cuts and the deferral of non-essential capital expenditure. The company is also planning to boost its own liquidity in what it described as “the increasingly difficult business environment” in a 2 ...
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NewsCanberra not keen to bail out Virgin Australia: report
Virgin Australia may not get the government support it is seeking, according to local media reports. Citing sources, the Australian Financial Review reported on 2 April that the federal government wants two strong airlines after the coronavirus crisis and would help a new carrier enter the market if Virgin Australia ...
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NewsIAG cancels planned dividend payment
IAG is withdrawing its proposal to pay a €0.17-per-share final dividend to investors, following the coronavirus shutdown. The group will instead propose, at its annual shareholders’ meeting, that all of its 2019 profit – save that already paid as an interim dividend – be added to voluntary reserves. IAG‘s board ...
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NewsEmirates to resume some flights on 6 April
Emirates plans to resume flying a limited number of passenger services on 6 April, having received approval from UAE authorities. Sheikh Ahmed bin Saeed Al Maktoum, president of Dubai Civil Aviation as well as chairman and chief executive of Emirates, has tweeted that “these flights will initially carry travellers outbound ...
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NewsFreight rates on the rise amid slump in passenger flights
Air freight rates are rising and cargo carriers ramping up their utilisation to fill the gap left by grounded bellyhold capacity on passenger jets. Normally, nearly half of global air cargo is carried in passenger jets’ bellies. Total cargo capacity, adjusted to include the Lunar New Year, fell 4.4% in ...
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NewsAmerican Airlines cuts summer schedule
American Airlines says its summer 2020 schedule will reflect the realities of the decline in demand after the global coronavirus pandemic.
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NewsUS discount airlines urge rethink of strings attached to aid package
Ultra-low cost carriers Allegiant Air, Frontier Airlines and Sun Country Airlines have raised objections to a US Department of Transportation (DOT) show cause order that requires airlines who accept government aid to maintain a minimum level of service.
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NewsIAG cuts capacity by 90% as BA puts cabin crew and pilots on leave
IAG is to cut capacity by around 90% during April and May, up from the figure of 75% previously indicated. The group’s British Airways division has confirmed it will put more than 30,000 cabin crew and ground-based employees on furlough for the two-month period. BA will apply to take advantage ...
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NewsLATAM slashes April capacity 95%
LATAM Airlines has decreased its operation-wide capacity in April by 95%, citing border closures and lower demand because of the coronavirus pandemic.
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NewsBA to furlough 30,000 staff: GMB union
British Airways will furlough more than 30,000 employees under the UK government’s job-retention scheme amid the coronavirus crisis, in a move the GMB union describes as “a relief”. “GMB and our sister union Unite have fought hard to secure members’ terms, conditions and job security. We believe the current deal, ...
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NewsBoeing takes steps to cut headcount, initiates employee buyout programme
Boeing has taken initial steps to cut its workforce by offering voluntary separation packages to US-based employees, part of a plan to help the company weather what could be an extended industry downturn.
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NewsEasyJet founder fires first shot in bid to oust board members
EasyJet founder Stelios Haji-Ioannou has followed through on his threat to start dismantling the airline’s board if it fails to cancel its Airbus order, requesting a shareholder meeting to discuss the removal of Andreas Bierwirth as a director. The UK budget carrier disclosed in a 2 April regulatory filing that ...
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NewsPassenger traffic may only recover end-2021: ACI World
Worldwide passenger traffic may not recover to pre-coronavirus levels until the end of 2021, according to an economic analysis by Airports Council International (ACI) World. The trade association expects the coronavirus outbreak could result in a 38% shortfall in 2020 worldwide passenger traffic against its pre-crisis forecasts, and the pandemic’s ...
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NewsAirAsia’s Fernandes skeptical about deliveries any time soon
AirAsia Group chief executive Tony Fernandes is skeptical about the possibility of airlines taking new aircraft given the coronavirus epidemic’s impact on growth. During an interview on Bloomberg TV, Fernandes was asked about his orders with Airbus. “We have a large order book with Airbus…we have an interesting relationship with ...
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Wizz Air details crisis impact on traffic as it wraps up fiscal year
Budget carrier Wizz Air has become one of the first European airlines to detail the full coronavirus impact on traffic in March, a month during which airlines started embarking on widespread fleet grounding. Wizz Air says booked passenger numbers fell by nearly 36%, to 1.75 million, as it cut capacity ...
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NewsSriLankan suspends operations amid ’bleak times’
SriLankan Airlines is suspending all operations for nearly two weeks in what it describes as “bleak times” and the biggest challenge in its 40-year operating history. The Colombo-based carrier plans to halt all regularly scheduled passenger flights between 8 April and 21 April, with the exception of cargo and repatriation ...