Latest stories – Page 43
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Airline BusinessRather than solving social distancing, airlines face a waiting game
Seeing 75-year-old airline trade association IATA and ultimate industry disruptor Michael O’Leary express the same view on a topic is a rare thing, but we are living through unprecedented times.
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Airline BusinessThe lessors with the most exposure to Virgin Australia
Singapore-based Avation is the lessor with the highest exposure, by number of aircraft, to Virgin Australia, which has entered voluntary administration. Goshawk, meanwhile, has the most lease rentals to lose if the airline cannot make payments. Avation has 13 aircraft with the Brisbane-based carrier, including 11 ATR 72s on operating ...
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Airline BusinessAir freight market goes into overdrive
While passenger airlines have heavily reduced their services over recent weeks, the air cargo market has gone into overdrive as a result of the coronavirus pandemic.
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Airline BusinessAir Astana’s Foster eyes tricky return to normalcy post coronavirus
Air Astana chief executive Peter Foster is upbeat about the airline’s future in the post-coronavirus world, but sees a number of challenges before normalcy returns.
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Airline BusinessHow WestJet reacted quickly to virus – and faced up to tough decisions
When WestJet chief executive Ed Sims drives past the Calgary International airport to his office every morning, he sees a row of parked aircraft, grounded by the coronavirus pandemic, and wonders what fresh hell awaits.
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Airline BusinessEarly retirements in crises: a new normal?
Across the world, airlines are considering bringing forward the retirement of older aircraft types. When the coronavirus outbreak finally abates, the question will remain if these accelerated retirements represent an anomaly, or a “new normal”.
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Airline BusinessIATA appeals to Latin American governments for coordination
Airline industry association IATA is calling on Latin American governments to harmonise plans to eventually restart air service and reopen borders, saying an uncoordinated effort will hinder the sector’s recovery.
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Airline BusinessUS carriers tap relief funding as crisis deepens
North American airline traffic is expected be down more than a third compared with the 2019 level, IATA’s projections for the impact of the coronavirus crisis on the sector show.
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Airline BusinessEtihad and Emirates prepare ground for service return
Etihad’s announcement that it aims to begin restoring its passenger network from the start of May and Emirates’ initial move to test passengers for coronavirus ahead of flights show the Gulf carriers readying for a return to operations.
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Airline BusinessEuropean carriers face long haul through coronavirus crisis
If the relative financial success of the European airline industry had always seemed paradoxical given the glut of carrier failures over the past three winters, the coronavirus outbreak has to some extent been a leveller.
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Airline BusinessA380 and 747 hardest hit as stored fleet soars past 14,000 airliners
Latest storage data from Cirium reveals that just 2% of the A380s and less than 10% of Boeing 747s are currently flying
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Airline BusinessMixed fortunes globally as active fleet drops towards 7,000 aircraft
More than 12,500 Airbus and Boeing airliners have entered storage since January
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Airline BusinessCoronavirus crisis threatens to push South African carriers over the edge
While the coronavirus pandemic has had a wide-ranging impact across African carriers, the timing of the crisis has been particularly calamitous for South Africa’s struggling airline sector.
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Airline BusinessCoronavirus slashes Asia-Pacific deliveries in March
Carriers in the Asia-Pacific received 14 of the 49 new airliners delivered in March 2020, as airframers and countries continued to grapple with the coronavirus pandemic. The region trailed North America, where carriers took 17 new aircraft, but led Europe, which saw just 13 deliveries. Source: Cirium ...
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Airline BusinessHow Air Baltic is plotting a way through – and out of – the virus crisis
There are many data points that starkly demonstrate the airline industry’s massive challenges during the coronavirus crisis, but Air Baltic is still able to offer a particularly striking one: its forward bookings in early April were down 98% year on year.
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Airline BusinessGlobal airliner fleet returns to 1990s levels
As airlines worldwide ground their aircraft in the wake of a collapse in passenger demand, the industry has passed a key cross-over point with the number of stored jets now exceeding that of the active fleet.
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Airline BusinessEnd looms for passenger A310s as Air Transat retires fleet
Operational airline fleet decline to single digits as Canadian airline calls time
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Airline BusinessWhy airline CEOs should think counter-intuitively during a crisis
Airline chief executives need to act swiftly during the coronavirus crisis, but should also remember that counter-intuitive actions might lead to better outcomes – particularly when it comes to short-term hits to the balance sheet. Those were among the key messages heard during the FlightGlobal webinar Airline chiefs on surviving ...
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Airline BusinessWhat is it going to take for passengers to start flying again?
Challenges around the lifting of travel bans, the economic hit and restoring passenger faith in the safety of air travel are likely to be key hurdles to overcome before airlines might return to normal business after the coronavirus grounding.
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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.