All articles by Graham Dunn – Page 74
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Airline BusinessHow consolidation has changed the shape of the European airline sector
Coronavirus has put development of the European airline industry on hold with the grounding of the bulk of fleets, while also raising questions over the shape of the industry that will re-emerge.
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NewsRussian low-cost carrier Pobeda halts flights until end of May
Aeroflot low-cost unit Pobeda has suspended all flights until the end of May following the introduction of travel restrictions by the Russian government.
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NewsAir Italy liquidators examine non-binding offers for assets
Liquidators for Air Italy are examining non-binding offers received for the collapsed carrier’s assets after a 25 March deadline for submissions of interest.
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Airline BusinessTracking how European airlines have cut capacity during crisis
Over the course of the last week the further spread of aircraft groundings means the European airline scheduled passenger market is approaching a standstill amid national lock-downs and the closing of borders to international visitors.
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Airline BusinessHow Etihad aims to manage through coronavirus crisis grounding
Etihad Aviation Group chief executive Tony Douglas believes the business’s ongoing restructuring programme has given the Gulf carrier the agility to better manage its operation through the coronavirus crisis and to position it for when air travel markets reopen.
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NewsLondon City airport to close until end of April
London City airport is to close for all flights from this evening until the end of April.
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NewsEtihad to deploy 787 passenger aircraft on cargo network
Gulf carrier Etihad Airways is to redeploy some of its Boeing 787-10s as passenger freighters following the temporary suspension of scheduled services in the United Arab Emirates, as it seeks to meet a related spike in air cargo demand.
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Airline BusinessWizz warns full grounding a ‘distinct possibility’ as low-cost carriers pare back
Central European budget carrier Wizz Air has warned the grounding of its full fleet remains “a distinct possibility” as it has now reduced its operations to around 15% of its planned capacity.
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Airline BusinessWhich European carriers are suspending all flights because of coronavirus
European carriers have over the past week been announcing increasingly large cuts to their services, as country’s tighten their border controls. A number have called a halt to flights altogether for the coming weeks - or will just operate a few flights to accomodate returning nationals
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NewsLuxair to suspend flights from 23 March
Luxair has become the latest European carrier to announce it will temporarily suspend flights, calling a halt to its operations from 23 March.
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NewsJet2 parent pulls profits guidance as carrier suspends flights until May
Parent of UK leisure carrier Jet2 has pulled its full-year financial guidance after the operator was forced to cancel all flying until 1 May following the widespread introduction of travel restrictions across Europe.
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Airline BusinessCoronavirus crisis to bring airline profits run to abrupt halt
While IATA stopped short of issuing any fresh forecasts for the year in its latest media briefing, the airline trade association left little doubt regarding the extent to which the coronavirus crisis will drive the industry’s unprecedented run of profits to an abrupt end.
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NewsIATA warns government action needed to tackle airline liquidity crisis
Airline trade association IATA is calling for governments to urgently step in with financial support measures, warning a liquidity crisis resulting from the swathe of capacity cuts means many airlines are close to running out of cash.
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Airline BusinessEurope’s carriers lurch into full crisis-mode as capacity slashed
From the moment the World Health Organisation (WHO) director-general Tedros Adhanom Ghebreyesus on 13 March stated that Europe was now the epicentre of the coronavirus pandemic, further drastic cuts to air travel in the region seemed an inevitability.
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NewsAir France A380s and KLM 747s grounded amid major capacity cuts
Air France is to ground its Airbus A380s and its Dutch sibling carrier KLM its full Boeing 747 fleet as part of wider capacity cuts the group expects will result in in potential cuts in its ASK capacity of between 70% and 90%.
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NewsAir Baltic to suspend flights until 14 April as Latvia tightens restrictions
Air Baltic is to temporarily suspend flights from 17 March until 14 April following the Latvian government’s decision to suspend international air traffic as part of measures to counter the coronavirus crisis.
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NewsMilan airport operator to focus traffic on Malpensa as it closes Linate
Milan airports operator SEA is to temporarily close its city centre airport Linate from 16 March and shut one terminal at the city’s larger Malpensa airport.
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NewsNorway to temporarily shut its airports
Norway is to temporarily close its airports from 16 March as part of wide-ranging restrictions aimed tackling the spread of the coronavirus pandemic.
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In depthTimeline of the twists and turns in the grounding of the Boeing 737 Max
On 13 March 2019 the US essentially completed the global grounding of the Boeing 737 Max, following two fatal crashes involving the type in the space of five months.
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NewsIATA spells out financial danger for airline industry of travel bans
IATA has warned governments must be ready to provide support to counter the impact of travel bans implemented to counter the coronavirus outbreak, warning measures such as the ban imposed by the USA were not included in its recent worse-case scenario for the financial hit to the industry.