News from FlightGlobal – Page 586
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NewsAir NZ withdraws earnings guidance on coronavirus uncertainty
Air New Zealand is withdrawing its full-year earnings guidance for 2020 “due to increased uncertainty surrounding the duration and scale of the Covid-19 outbreak.” The carrier disclosed on 24 February target earnings before other significant items and taxation of NZ$300-350 million ($189-220 million) for financial year 2020, with an estimated ...
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NewsGaruda working to mitigate coronavirus impact
Garuda Indonesia is seeking to deploy capacity on cargo routes and to renegotiate leases as it seeks to contain the hit of the coronavirus outbreak, The flag carrier intends to boost its cargo revenue and domestic capacity by redeploying aircraft previously used for Indonesia-China services that were suspended on 5 ...
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NewsAlitalia’s Milan operations crippled by Lombardy lockdown
Italian flag-carrier Alitalia is suspending all operations at Milan Malpensa, and limiting Milan Linate to domestic services, following the extraordinary government decree locking down the Lombardy region over the coronavirus outbreak. The airline says it will halt all services at Malpensa, its northern intercontinental base, from 9 March. ...
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NewsHawaiian suspends flights to Tokyo Haneda
After suspending its flights to South Korea in late February, Hawaiian Airlines now has halted flights from Hawaii to Tokyo’s Haneda International airport following declining demand for capacity to Asia amid the spiraling coronavirus scare.
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NewsIberia hands Spanish slots to Volotea to ease IAG-Air Europa approval
Spanish carrier Volotea is poised to ease Iberia parent IAG’s acquisition of Air Europa, by reinforcing competition on overlap routes that might otherwise attract European regulatory objections. Under a provisional agreement with IAG, Volotea would open at least two, and up to four, bases in Spain in order to pick ...
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NewsVirgin 787s suffered Hong Kong ILS deviations after Etihad incident
Investigators in Hong Kong have revealed two other serious localiser deviation incidents, both involving Virgin Atlantic Boeing 787-9s, which occurred within a few weeks of a similar occurrence to an Etihad Airways 787-9. One of Virgin’s services from London Heathrow had been conducting an ILS approach to runway 25R on ...
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NewsLufthansa considers suspending A380 fleet over outbreak
Lufthansa is evaluating a temporary grounding of its entire Airbus A380 fleet as part of capacity cuts in response to the coronavirus outbreak. The Star Alliance airline says it may reduce capacity by up to 50% over the coming weeks – more than previously planned – as a result of ...
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NewsTurkish Airlines still facing bottleneck for single-aisle deliveries
Turkish Airlines is expecting to have 26 Airbus A321neos in its fleet by the end of this year, rather than the 30 it had listed in its previous update. The company has outlined its fleet development schedule in a full-year results briefing. While 13 A321neos were supposed to be delivered ...
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NewsIATA sees ‘partial success’ in call for easing slot rules
IATA has reiterated its call to governments and slot co-ordinators – including those in the European Commission – to ease slot rules, in light of the escalating coronavirus outbreak globally. Speaking at a briefing held after a two-day industry workshop in Singapore, IATA chief economist Brian Pearce says “the evidence ...
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NewsAvation takes over Flybe’s sub-leased aircraft
Avation has exercised its right to step into the sub-lease to Loganair of two ATR 72-600s, originally leased to collapsed British carrier Flybe. The Singapore-based lessor said on 19 February it placed the turboprops with Loganair, which was set to start operating them “in the coming weeks”. The aircraft were ...
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NewsAirAsia India completes IATA safety audit
AirAsia India has completed the IATA Operational Safety Audit (IOSA), joining six other AirAsia group units to have achieved the safety certification. The low-cost carrier, a joint venture between Tata Sons and AirAsia Investment, says the successful completion affirms its “world-class safety standards”. A search on the IOSA registry website ...
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NewsIndigo Partners: Coronavirus may drive consolidation
Airlines with limited cash reserves face the greatest challenge in 2020 as businesses cancel travel plans and consumers reevaluate vacations due to the coronavirus, executives say 5 March during discussions at the US Chamber of Commerce aviation summit in Washington, DC. Air Canada chief executive Calin Rovinescu says that “cash ...
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NewsUK transport minister urges slot co-ordinator to ease rules amid coronarvirus
UK transport minister Grant Shapps has written to national slot co-ordinator Airport Co-ordination Limited (ACL) to “explicitly” take into account the impact on the environment of airlines flying empty aircraft in taking its decision on slot rules alleviation.
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NewsCommissioner invites interest in Alitalia businesses
Alitalia’s extraordinary commissioner has formally invited parties to express interest in all or parts of the airline, setting an 18 March deadline for submissions. Giuseppe Leogrande detailed the invitation in a document, dated 5 March, covering Alitalia and Alitalia Cityliner – both of which are in administration. Offers for various ...
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NewsNorwegian slashes transatlantic capacity as coronavirus hits demand
Norwegian is cutting 22 long-haul flights between Europe and the USA between 28 March and 5 May, as passenger numbers dive as a result of the coronavirus outbreak.
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NewsIATA flags up to $113 billion revenue hit from coronavirus ‘crisis’
Airlines globally could see lost revenues of between $63 billion to $113 billion in 2020, depending on the extent of the coronavirus outbreak, says IATA, as it labels the impact “a crisis”.
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NewsEtihad reports $870 million annual loss
Etihad Airways narrowed its loss in 2019, to $870 million from $1.28 billion the year before, as the Abu Dhabi carrier cut capacity 6% as part of its transformation programme.
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NewsKuwait A330-800 delivery set for third quarter
Kuwait Airways appears set to take delivery of its first Airbus A330-800 in the third quarter of this year. FlightGlobal understands, from a source familiar with the situation, that the airline is working to this timetable following the certification of the -800 in mid-February. Kuwait Airways is configuring the Rolls-Royce ...
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NewsEx-Hawaiian chief Dunkerley among new Airbus board candidates
Airbus is proposing former Hawaiian Airlines chief Mark Dunkerley and ex-Lufthansa Group finance head Stephan Gemkow to join the airframer’s board of directors. The manufacturer has previously disclosed that chairman Denis Ranque is stepping down from his post as chairman, after seven years, following the company’s annual general meeting on ...
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NewsCoronavirus dealt fatal blow to embattled Flybe: shareholder
Impact of the coronavirus outbreak sealed the fate of struggling UK regional carrier Flybe, shareholder Virgin Atlantic has claimed. Virgin Atlantic was one of three investors in the Connect Airways consortium which took over Flybe a little more than a year ago and intended to develop the airline as a ...