All Coronavirus articles – Page 82
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News
Indigo Partners: Coronavirus may drive consolidation
Airlines with limited cash reserves face the greatest challenge in 2020 as businesses cancel travel plans and consumers reevaluate vacations due to the coronavirus, executives say 5 March during discussions at the US Chamber of Commerce aviation summit in Washington, DC. Air Canada chief executive Calin Rovinescu says that “cash ...
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In depth
GE Aviation plans hiring freeze and preps for up to $300m Q1 virus hit
GE Aviation will implement a hiring freeze and reduce 2020 spending in response to a new 737 Max agreement with Boeing, while contending with an expected $200-$300 million first-quarter hit from the coronavirus outbreak.
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Norwegian slashes transatlantic capacity as coronavirus hits demand
Norwegian is cutting 22 long-haul flights between Europe and the USA between 28 March and 5 May, as passenger numbers dive as a result of the coronavirus outbreak.
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IATA flags up to $113 billion revenue hit from coronavirus ‘crisis’
Airlines globally could see lost revenues of between $63 billion to $113 billion in 2020, depending on the extent of the coronavirus outbreak, says IATA, as it labels the impact “a crisis”.
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Coronavirus hit to January traffic the ‘tip of the iceberg’: IATA
IATA data shows that passenger traffic growth slowed to 2.4% in January – the weakest monthly increase since April 2010, and a sharp decrease from December 2019’s 4.6% rise in revenue passenger-kilometres. “January was just the tip of the iceberg in terms of the traffic impacts we are seeing owing ...
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Coronavirus fears to shut down Lockheed Martin F-35 production in Japan
Lockheed Martin and Mitsubishi Heavy Industries plan to shut down production at the F-35’s Final Assembly and Check-Out (FACO) facility in Nagoya, Japan the week of 9-13 March due to fears of coronavirus contagion.
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US airlines ask President Trump to reassure virus-weary travellers
US airline chief executives met with President Donald Trump and other officials in Washington, DC on 4 March to discuss their industry’s response to the coronavirus outbreak. They also urged Trump to assure the American public that air travel remains safe – a request coming as the industry reels from sagging demand and virus-spooked travellers.
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Coronavirus hits US airlines as United slashes 10% of US flight schedules
United Airlines has slashed North American flight schedules 10% starting this spring, implemented a hiring freeze, offered staff unpaid leave and postponed some salary increases – all in response to sagging demand from the ongoing coronavirus outbreak.
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China launches funding scheme to keep services flying through coronavirus
China has detailed plans for a funding scheme aimed at incentivising airlines to continue or restore services in the light of heavy network cuts amid the coronavirus outbreak.
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Asian carriers cut operations as coronavirus outbreak persists
Asian carriers have announced further reductions as the coronavirus outbreak persists. Starting this week, Korea Air is suspending most European and US flights through April, while changes to Japan service remain in place until the end of May. It is also reducing operations to major cities such as Chicago, New ...
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News
Singapore extends entry restrictions to stem coronavirus outbreak
New travel restrictions to limit the spread of the coronavirus take effect in Singapore today, barring the entry of new visitors who visited South Korea, Iran, or northern Italy in the past 14 days. Citizens and permanent residents returning from these regions will have to self-quarantine for 14 days. ...
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Airline chiefs sanguine on coronavirus impact
Leaders of some the largest airlines in Europe believe that the coronavirus will only have a limited impact on demand for air travel on the continent. Speaking at the A4E aviation summit in Brussels on 3 March, IAG’s outgoing chief executive Willie Walsh acknowledged that the group had seen a ...
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Coronavirus ‘no excuse’ for state aid to failing carriers: Walsh
IAG chief Willie Walsh is firmly rejecting any notion that airlines which were struggling before the coronavirus outbreak should be granted state aid to help cope with its impact. He told the A4E aviation summit in Brussels on 3 March that the outbreak was “not an excuse” for such carriers ...
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Airline Business
Why strong Ryanair and Wizz February traffic offers few clues to coronavirus impact
Monthly traffic figures for February released by Ryanair and Wizz Air today offer little indication of the impact on air travel demand of the spread of the coronavirus into Europe.
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SAS pulls full-year financial guidance amid coronavirus uncertainty
Scandinavian carrier SAS has withdrawn its full-year financial guidance amid uncertainty around the impact on air travel demand of the coronavirus outbreak.
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Airline failures loom as outbreak spreads: ISTAT panelists
Global airline capacity in 2020 has declined by nearly 3% as of 2 March compared to the same period in 2019, Rob Morris, global head of Ascend by Cirium, disclosed at an ISTAT event today. Through the week ended 1 March, global capacity had declined by 2% year-over-year, Cirium schedules ...
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News
HNA Group appeals for government help amid heightened liquidity risk
Hainan Airlines’ parent company, the HNA Group, has requested the Hainan provincial government to set up a working group to look into its risk management efforts. HNA states that it has faced increased liquidity risk of late, in light of the coronavirus outbreak, and was unable to manage the risks ...
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News
IATA seeks freezing of slot rules to aid coronavirus capacity cuts
IATA is contacting aviation regulators to request the suspension of rules governing airport slots for the remainder of the winter season and for the upcoming summer timetable as airline pull back capacity in the light of the spread of the coronavirus.
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News
Lufthansa to cut short-haul operations by up to a quarter to counter coronavirus
Lufthansa Group is to cut its short and medium-haul operations by up to 25% in the coming weeks as it moves to counteract the air travel impact of the coronavirus.
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News
United’s capacity reduction in Asia extends beyond China
United Airlines has suspended some of its flights to Tokyo, Osaka, Singapore and Seoul and extended its flight cancellations to mainland China and Hong Kong through 30 April. The Chicago-based airline has cancelled flights from Los Angeles and Houston to Tokyo Narita between 8 March and 24 April, and flights ...