Aviation Daily Roundup: Feb. 28

American Airlines To Add Widebody Maintenance Hangar In Tulsa

Credit: American Airlines

American Airlines plans to add a widebody maintenance hangar at its Tulsa, Oklahoma, Tech Ops center as part of a $550 million investment.

Rolls-Royce Reports Losses As Trent 1000 Fixes Progress

Credit: Rob Finlayson

Rolls-Royce has reported losses of £852 million ($1.1 billion) as the company continues to tackle issues around the Trent 1000 engine.

IAG Cuts Capacity To Deal With COVID-19 Demand Slump

Credit: IAG

International Airlines Group became the latest airline group to suspend financial guidance for the year 2020, announcing network and cost cuts in response to the spread of COVID-19 coronavirus.

Eurocontrol Secures Aireon Data To Improve Air Traffic Management

Credit: Aireon

Eurocontrol has signed a 10-year agreement for space-based ADS-B data from Aireon to help it manage air traffic flows better across its 11.5 million sq. km (4.4 million sq. mi.) of terrestrial airspace.

Korean Air To Screen All Passengers On U.S.-Bound Flights

Credit: Incheon Airport / Facebook

Korean Air is introducing extra checks for passengers on flights destined for the U.S. as the escalating COVID-19 coronavirus crisis leads to major cutbacks in the carrier’s international operations.

Finnair Issues Profit Warning As COVID-19 Enters New Phase

Credit: Rob Finlayson

Finnair issued a profit warning Feb. 28 and withdrew its previous capacity guidance of 4% growth for 2020, as it adjusts network capacity over the next several months to better fit demand related to the COVID-19 outbreak.

EasyJet Cutting Costs To Offset COVID-19 Effects

Credit: Rob Finlayson

UK LCC easyJet is taking steps to cut back on discretionary costs in a bid to offset the expected impact of the COVID-19 virus on operations as demand slows.

South African Government To Provide More Cash To SAA

Credit: Rob Finlayson

The South African government is planning a new cash infusion to try to put financially troubled South African Airways on a sound footing.

Avianca Execs Confident In Turnaround Following Bruising 2019

Credit: Avianca

Avianca executives are confident that the carrier’s financial performance will trend toward profitability this year, following a challenging 2019 that saw the Bogota-based airline realize a net loss of close to $900 million.

Lufthansa To Reduce Capacity Up To 25% As COVID-19 Spreads

Credit: Rob Finlayson

Lufthansa will further reduce capacity to contain the financial damage incurred by the continuing COVID-19 coronavirus outbreak.

Spirit AeroSystems To Focus On MAX, Factory Improvements In 2020

Credit: Spirit Aerosystems

Spirit AeroSystems missed 2019 fourth quarter profit expectations, marred by production cuts on the Boeing 737 MAX and a loss on the 787 widebody jet program.

United Trims Capacity To Japan, East Asia Over Outbreak

Credit: Rob Finlayson

United Airlines became the first North American carrier to reduce service to Japan and Singapore on Feb. 28, reflecting intensified concerns about the spread of COVID-19 beyond China.

Volaris Anticipates Airbus Delays Of Up To Nine Months In 2021

Credit: Rob Finlasyon

Mexican ULCC Volaris is bracing for significant delays in Airbus deliveries for 2021 and has already baked in potential delays into its 2020 capacity forecast.

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