Aviation Daily Roundup: Feb. 04, 2021

February 05, 2021

U.S. Labor Leaders Warn Of ‘Devastating’ Domestic Testing Proposal

Credit: Hartsfield-Jackson Atlanta International Airport

WASHINGTON—The head of the largest U.S. flight attendant union warned federal lawmakers that a proposed domestic pre-departure COVID-19 testing mandate would be “devastating” for airlines struggling to scrape by on anemic travel demand. 

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Daily Memo: Europe’s Tightening Travel Rules Weigh On Recovery

Credit: Ryanair

European airlines which hoped progress in rolling out vaccines­ would lead to some sort of recovery are instead having to face the reality that tighter travel restrictions aimed at slowing the spread of the coronavirus are going to keep demand down in the near term. 

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American Airlines Warns 13,000 Employees Face Furloughs

Credit: American Airlines

American Airlines CEO Doug Parker revealed that as many as 13,000 frontline employees may be furloughed on April 1, as demand remains weak with less than two months to go until federal payroll support expires.

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Allegiant Plans Capacity Growth As Most Rivals Continue To Shrink

Credit: Joe Pries

Allegiant Air continues to buck trends during the COVID-19 pandemic, with plans to slightly grow its first-quarter (Q1) capacity on 2019 levels while larger operators in the U.S. plan significant cuts through March. 

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Cargo Strength Helps Korean Air Post 2020 Operating Profit

Credit: Korean Air

Korean Air has managed to achieve an operating profit in 2020 despite the disruption of the COVID-19 crisis, and the South Korean carrier also succeeded in more than halving its annual net loss.

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South African Airways, Subsidiaries Attract Expressions Of Interest

Credit: Rob Finlayson

Embattled Star Alliance carrier South African Airways (SAA) has received over 30 expressions of interest (EOIs) for various parts of its business, with a decision expected by March 31.

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Lufthansa Bond Placements Generate €1.6B, Kickstart State Aid Repayment

Credit: Joe Pries

FRANKFURT—Lufthansa managed to access the capital market again Feb. 4 by placing an additional two-tranche bond generating €1.6 billion ($1.9 billion) and now plans to begin paying back state aid received in 2020.

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Copa Airlines Becomes Latest Carrier To Trial IATA Travel Pass

Credit: IATA

Panama-based Copa Airlines will become the first carrier in the Americas to trial the IATA Travel Pass mobile health app, designed to facilitate air transport amid the pandemic.

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Singapore Airlines Looks To Cargo, Network Growth To Sustain Revenue

Credit: Singapore Airlines

SINGAPORE—The Singapore Airlines (SIA) group reported a net loss of S$141.8 million for its fiscal 2020 third quarter (Q3), despite a 45% quarter-on-quarter improvement in passenger traffic. 

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India’s Alliance Air To Add Domestic-Made Dornier 228 To Fleet

Credit: Hindustan Aeronautics Ltd.

Air India’s regional subsidiary Alliance Air is set to welcome two Dornier 228s made by local airframer Hindustan Aeronautics Ltd (HAL) to its all-turboprop fleet.

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Air France-KLM Seeks ‘Proportionate’ Conditions For Recapitalization

Credit: Air France-KLM

PARIS—Air France-KLM CEO Ben Smith has reportedly called for the conditions Europe is expected to impose on the Franco-Dutch airline group’s recapitalization to be proportionate.   

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China Eastern Airlines To Issue $1.7B In Private Shares

Credit: Boeing

China Eastern Airlines will issue 2.5 billion privates shares to its parent China Eastern Air Holdings, in a bid to raise CNY10.8 billion ($1.67 billion) and improve the company’s financial stability. 

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As U.S. labor leaders warn of the devastating domestic testing proposal, European airlines are facing the reality that tighter travel restrictions to slow the spread of the virus will keep demand down in the near term. Take a look at the daily roundup of air transport news. 

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