All Coronavirus articles – Page 83
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NewsAmerican, Delta suspend flights to Italy
American Airlines and Delta Air Lines cancelled their flights to northern Italy as passengers become increasingly skittish about traveling to areas where the coronavirus, also known as Covid-19, has rapidly spread in the past few days.
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Airline BusinessEuropean carriers hunker down for tough times from coronavirus outbreak
Any doubts as to whether the impact of the coronavirus outbreak would spread beyond Asia to European airlines has been answered by a slew of cost-savings measures, capacity cuts and warnings of potential earnings hits in the past few days.
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NewsFinnair seeks savings as it rapidly rethinks coronavirus impact
Finnair is taking a more pessimistic view of the potential impact from the coronavirus outbreak, expecting it to result in significantly lower operating profits for the first half. It is looking to trim costs by €40-50 million ($44-55 million) to cope with the threat to its revenue streams, and is ...
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NewsStrong IAG full-year profits dip but coronavirus clouds 2020 outlook
British Airways and Iberia parent IAG’s operating profit before exceptional items slipped 5.7% for the full year in 2019 to €3.29 billion as its fuel costs rose.
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NewsUS airlines could experience short-term hit from coronavirus
While Asian airlines have borne the brunt of the coronavirus crisis so far, US carriers are closely monitoring the situation, and will likely take a short-term loss as the US government sends mixed messages and bookings begin to decline.
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NewsHawaiian Airlines suspends flights to South Korea
Hawaiian Airlines says it is suspending flights to Seoul Incheon International airport in South Korea, becoming the second US carrier to stop flying to the country since the outbreak of the coronavirus, also known as COVID-19, several weeks ago.
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NewsLufthansa puts in hiring freeze and unpaid leave offer to counter coronavirus hit
Lufthansa Group is implementing a hiring freeze and offering staff unpaid leave as part of cost-cutting measures amid the impact on air travel demand from the coronavirus outbreak. While the airline group says it is too early to estimate the earnings impact of the coronavirus outbreak, its network operators Lufthansa, ...
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NewsKorean Air flight attendant tests positive for coronavirus
A Korean Air flight attendant has emerged as the first instance of a cabin crew member testing positive for the coronavirus since it first broke out of the Wuhan city epicentre in January. Citing information from the Korea Centers for Disease Control and Prevention (KCDC), the carrier states that the ...
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NewsAirlines cut back Iran services on coronavirus fears
Several carriers are suspending their operations to Iran in response to the ongoing coronavirus outbreak in the country. The United Arab Emirates has become the latest nation to ban flights to Iran. “All passenger and cargo aircraft traveling to and from Iran will be suspended for a period of one ...
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NewsUnited withdraws 2020 guidance ahead of its investor day
United Airlines has withdrawn the full-year 2020 guidance it disclosed on 21 January as part of its fourth-quarter 2019 earnings report because of unexpected business losses from the coronavirus outbreak in the Asia Pacific region. The Chicago-based airline had previously expected its full-year 2020 adjusted earnings per share to be ...
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NewsCoronavirus outbreak puts new China-Europe routes at risk
New routes between mainland China and Europe are at risk as the coronavirus outbreak batters air traffic. Privately owned Juneyao Air has opted to postpone the launch of three new services from Shanghai Pudong to Dublin, Manchester and Reykjavik. These are to be operated as multi-leg, fifth-freedom routes, via Helsinki. ...
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NewsKuwait suspends flights to and from Singapore and Japan
The civil aviation authority of Kuwait has suspended all air travel to and from Singapore and Japan, the first country to do so after the outbreak of the deadly coronavirus (COVID-19) several weeks ago, the Kuwaiti state news agency KUNA reports.
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NewsMajor European airline stocks drop on coronavirus concerns
Share prices in the three main European alliance carriers have fallen sharply in early trading, apparently in response to increasing concerns over the international spread of the coronavirus. While major European stock indices – including those in Germany, France, the Benelux states and the UK – slipped by around 3-4% ...
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NewsLufthansa effectively grounds 13 widebodies amid China suspension
Lufthansa has made a network capacity cut equivalent to 13 widebodies, after suspending services to mainland China amid the coronavirus outbreak. The Star Alliance group says it is taking the opportunity to carry out maintenance work and add reserve capacity in Frankfurt, Munich, Vienna and Zurich. “The 13 aircraft are ...
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NewsAir France-KLM studies fleet options if coronavirus impact lasts
Air France-KLM is considering how it could redeploy summer capacity to other markets where demand is stronger in the event of an extended coronavirus impact on its Chinese and broader Asian networks.
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NewsFinnair explores pilot furloughs amid China pullback
Finnair has begun talks about temporary layoffs with its long-haul pilots following a reduction in its services to China because of the coronavirus outbreak.
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NewsCoronavirus outbreak dents Chinese majors’ January traffic
China’s three largest airlines began the year with falling traffic, amid the growing spread of the novel coronavirus outbreak in the country and around the world. In traffic figures released for January, Air China, China Eastern Airlines and China Southern Airlines all carried fewer passengers, and recorded drops in passenger ...
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NewsAVIC restarts MA700 production amid Covid-19 outbreak
AVIC says that its MA700 turboprop production is still on schedule, despite the Covid-19 outbreak in China. The Chinese airframer says it restarted production of the MA700 on 10 February, after production was halted for an undisclosed period. The MA700 final assembly team lead Han Jiawei says that ...
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NewsICAO flags $4-5 billion loss from Covid-19 outbreak
Preliminary estimates by ICAO indicate that the ongoing Covid-19 outbreak could wipe out $4-5 billion in airline revenues for the current quarter. This is based on assumptions that overall passenger capacity will decline by 39-41%, equivalent to a reduction of 16.4 to 19.6 million passengers. The estimated financial loss, ...
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NewsCathay details flight suspensions caused by coronavirus
London Gatwick, Rome and Washington Dulles are among a raft of international routes that are being suspended until the end of March by Cathay Pacific as it seeks to conserve cash during the ongoing coronavirus outbreak.