News from FlightGlobal – Page 365
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NewsStrong cargo demand helps Singapore Airlines cut Q3 loss
Singapore Airlines Group narrowed its third-quarter operating loss, as stronger cargo performance helped offset any further revenue loss from a pandemic-led collapse in passenger travel demand.
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NewsKorean Air reports $213 million operating profit for 2020
Korean Air has reported a W238.3 billion ($213 million) operating profit in 2020, 17% below 2019 levels, on the back of a strong cargo business and company-wide cost cutting efforts.
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NewsChina Eastern’s parent to pump in up to $1.67bn via A-share issue
China Eastern Airlines’ controlling shareholder CEA Holding will inject up to CNY10.8 billion ($1.67 billion) into the airline by purchasing nearly 2.5 billion of newly issued A-shares, in a move the Shanghai-based carrier says will provide “strong financial support” for it to develop its business to cope with the impact of Covid-19.
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NewsAlliance inks E190 wet-lease partnership with Qantas
Australian regional operator Alliance Airlines has inked a wet lease agreement to provide flexible capacity to the QantasLink network with three of its recently acquired Embraer E190s.
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NewsSmaller Chinese carriers expect comparatively modest 2020 losses
The financial losses expected by three of China’s smaller carriers in 2020 are dwarfed by losses expected at the “Big Three” and troubled Hainan Airlines.
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NewsAllegiant Q4 loss is $29m, sees recovery ‘on the horizon’
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air, sees a post-coronavirus recovery “on the horizon” with customer travel intention steadily rising following almost a year of coronavirus-driven inertia.
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NewsAmerican warns of more layoffs as expected summer travel demand falls short
Citing the slow pace of vaccinations and new travel restrictions, American Airlines has warned 13,000 workers they might be laid off after government aid expire on 31 March.
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NewsSkyWest asks for extension of temporary cargo reconfiguration rule
SkyWest has asked the FAA to extend a rule that allows carriers to temporarily reconfigure passenger aircraft to cargo operations, in light of the continued depressed demand in the wake of the coronavirus pandemic.
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NewsAirline passenger traffic saw sharpest decline in history during 2020
The coronavirus-ravaged airline industry experienced its sharpest-ever decline in passenger demand during 2020, as global traffic fell 65.9% from 2019 levels, according to full-year data released by IATA today.
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NewsSpanish long-haul start-up World2Fly plans transatlantic services
Newly-established Spanish operator World2Fly is seeking to open transatlantic services to US destinations. The airline – which has ambitions to operate Airbus A350s – has obtained an A330-300 formerly used by Spanish carrier Air Europa. This aircraft (EC-LXR) is powered by Rolls-Royce Trent 700 engines and was originally delivered to ...
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NewsNew Belavia chief prepares for 737 Classic withdrawal
Belarusian flag-carrier Belavia is intending to stop operations with its older-generation Boeing 737s as it looks towards taking the 737 Max. Belavia has appointed a new general director, former marketing director Igor Cherginets, to succeed long-term airline chief Anatoly Gusarov. Cherginets says the airline is planning to modernise with the ...
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NewsAir cargo demand decline in 2020 ‘worst since records began’
The air cargo sector – touted as the airline industry’s bright spot during the coronavirus crisis – saw its largest year-on-year fall in demand since IATA records began during 2020, although the final quarter brought signs of the gap closing.
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NewsSunwing takes two more 737 Max from Air Lease
Lessor Air Lease has resumed deliveries of the Boeing 737 Max, having handed two of the jets to Canadian leisure carrier Sunwing Airlines.
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NewsWizz to open Sarajevo base in May
Central European budget carrier Wizz Air is establishing a base in Sarajevo, in an effort to boost its market position in Bosnia and Herzegovina.
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NewsIATA outlines scenario where Covid variants pummel 2021 traffic
The global airline industry might only see traffic growth of around 13% from 2020 levels this year amid the impact of new variants of Covid-19, according to a potential scenarios presented by IATA.
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NewsUK advertising body rules Ryanair vaccine claims ‘misleading’
The UK Advertising Standards Authority has ruled that Ryanair “Jab and go” television advertisements must not be broadcast again in forms that attracted more than 2,300 complaints.
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NewsPAL to cut workforce by one-third from mid-March
Philippine Airlines (PAL) will axe about 2,300 staff across its business, starting mid-March, a move that has been looming since October.
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NewsLion reaches agreements with (some of) its lessors
Several lessors to Lion Group airlines have agreed to restructure their leases after months of bilateral negotiations, Cirium understands.
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NewsBreeze takes delivery of first Embraer 190
Nordic Aviation Capital (NAC) has delivered the first of 15 Embraer 190 jets to US start-up airline Breeze Airways.
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NewsUS Senate confirms Pete Buttigieg as DOT head
The US Senate has confirmed Pete Buttigieg to lead the Department of Transportation (DOT) in the administration of President Joe Biden by a vote of 86-13.