News from FlightGlobal – Page 463
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NewsSingapore Airlines parent slips to full-year net loss
SIA Group saw its annual operating profit dwindle to S$59 million ($41 million) in the 12 months ended 31 March – from S$1.07 billion the previous financial year – and was loss-making at the net level.
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NewsDelta to retire 777s, completing shift to A350s
Delta Air Lines says it will be retiring its Boeing 777 fleet by the end of 2020 as the coronavirus pandemic continues to disrupt global travel, creating openings for airlines to permanently streamline their fleets and save money by shifting to more efficient aircraft.
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NewsPIA 777 taxied without all-clear from ground crew
UK investigators have determined that a Pakistan International Airlines Boeing 777-200LR incorrectly assumed that ground-support equipment had been removed before commencing to taxi, striking the towbar which was still in front of the jet. The tug and towbar had been disconnected from the aircraft (AP-BGZ), which was preparing to depart ...
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NewsBA A321 low-thrust take-off traced to temperature entry error
British Airways has highlighted to crews the importance of avoiding distraction while conducting take-off calculations, after a low-thrust incident involving an Airbus A321’s departure from Glasgow. The aircraft, bound for London Heathrow on 24 November last year, was being prepared for a full-length take-off from runway 05. As part of ...
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NewsRussian government grants subsidies to coronavirus-hit airlines
Russia’s government is allocating Rb23.4 billion ($317 million) to the country’s carriers to provide financial support as the coronavirus crisis begins to affect their operations substantially. Passenger traffic among Russian airlines was down by 93% in April. Aeroflot, Rossiya and Ural Airlines passengers numbers fell by 92-95%, while Utair’s and ...
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NewsJet Airways invites expressions of interest for a fourth time
Jet Airways, the Indian carrier that suspended operations last year amid financial difficulties, has launched a fourth search for a buyer. A document on the Mumbai-based carrier’s website, a version of which was also published in various Indian newspapers, sets a deadline of 28 May 2020 for expressions of interest. ...
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NewsBangkok Airways swings to first-quarter loss
Bangkok Airways posted an operating loss of over Bt260 million ($8.1 million) in the first quarter of 2020, undoing the Bt870 million operating profit in the same period last year. Revenue for the quarter ended 31 March fell 17.5% year-on-year to Bt6.42 billion. Passenger revenue declined 25.3% to Bt4.45 billion, ...
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NewsUS DOT relaxes CARES Act route commitments
The US Department of Transportation (DOT) will allow airlines to suspend service to at least five additional locations on their networks in an ongoing process to minimize the costs of operating flights amid coronavirus while keeping the USA connected. The CARES Act gives authority to the US Transportation and Treasury ...
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NewsKorean Air raises $1.8 billion from new shares and government aid
Korean Air will raise W2.2 trillion ($1.8 billion) in fresh capital – W1 trillion from a new share issue and W1.2 trillion in government aid – to overcome challenges posed by the Covid-19 pandemic. The carrier will issue 79 million shares at W12,600 each, a move it says was decided ...
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NewsQatar plans near 20% staff and fleet cuts; pledges support for investments
Group chief indicates carrier will retire around 50 aircraft and almost a fifth of its staff in the wake of the coronavirus pandemic.
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NewsUS Senators introduce coronavirus flight ticket cash refund legislation
A group of Democratic US Senators have proposed legislation that require airlines offer full cash refunds for all tickets that were cancelled either by the airline or by the passenger during the coronavirus pandemic.
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NewsIATA: Passenger demand may not recover until 2024
IATA has warned the coronavirus crisis will result in semi-permanent damage to the airline industry and may subdue passenger revenues until 2024.
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NewsEASA to set out ‘safety protocol’ for restoration of air transport
Europe’s aviation safety authority is to set out, in the next few weeks, technical operational guidelines to enable the air transport industry to adopt a co-ordinated approach to restoring airline travel.
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NewsCarriers should enhance voucher appeal to relieve refund pressure: EU
European Union regulators have laid out guidelines intended to reduce the pressure on airlines to refund passengers for flights cancelled through the coronavirus crisis, by enhancing the appeal of voucher schemes. The European Commission’s executive vice-president, Margrethe Vestager, stated during a briefing on travel and tourism strategies on 13 May ...
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NewsTUI Group to ‘right-size’ airlines as cuts affect 8,000 staff
Leisure giant TUI Group is aiming to cut or avoid recruiting around 8,000 personnel as it looks to overhaul its global activities in response to the coronavirus crisis. TUI Group says it will “right-size” its airlines and its order book, as well as divest non-profitable businesses. It is intending to ...
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NewsAustralia’s Rex studies launch of capital city flights
Australia’s Regional Express has confirmed plans to expand into capital city flights within Australia. “Rex discloses that it has been approached by several parties interested in providing the equity needed for Rex to start domestic operations in Australia,” it said in a statement to the Australian Securities Exchange (ASX) today, ...
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NewsThai AirAsia parent slips into first-quarter loss
Thai AirAsia’s parent company has posted an operating loss of Bt1.37 billion ($42.7 million) in the first quarter of 2020, partly due to a fall in its total revenue. This contrasts to an operating profit of Bt1.12 billion for the same quarter last year. Asia Aviation’s revenue for the quarter ...
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NewsUS regional Mesa reports $14 million profit
Mesa Air Group generated a $14 million operating profit for its fiscal second quarter, a 41% drop year-over-year, even as the coronavirus crisis has caused a significant drop air travel demand in the USA. The parent company of Mesa Airlines, which operates flights through capacity purchase agreements with American Airlines ...
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NewsAllegiant reports first quarter loss
Allegiant Travel Company, the parent of Allegiant Air, reported a first-quarter loss as the coronavirus took its toll on leisure travel following shelter-in-place orders imposed across most of the USA.
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NewsBA CityFlyer looks to rejig Edinburgh crew base and cut pilot numbers
British Airways’ CityFlyer division is looking at changes to its Edinburgh crew base and cutting 72 pilots as part of restructuring being introduced in response to the coronavirus crisis. CityFlyer primarily operates out of London City and Edinburgh, using a fleet of Embraer 190s and 170s. The airline has formally ...