Aviation Daily Roundup: Feb. 28
February 28, 2020![](/sites/default/files/styles/crop_freeform/public/2020-02/american_tails_source_american-airlines_1.jpg?itok=8ljnVncm)
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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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