Credit: Rob FinlaysonUK-based easyJet is launching a share placement worth up to £450 million ($558 million), in the budget carrier’s latest move to shore up its finances since the COVID-19 crisis took hold.
Credit: Jin AirAsia-Pacific LCCs face major hurdles as they struggle to survive the network shutdowns caused by the COVID-19 crisis, but their business models also give them some factors in their favor as they plan for recovery.
Credit: American Airlines / TwitterThe union representing American Airlines pilots wants the U.S. government to subsidize load-factor caps across the industry, an approach that would help stabilize airline finances while ensuring social distance in cabins.
Credit: Rob FinlaysonCanada-based carrier WestJet will lay off 3,333 employees permanently across several departments, part of a series of organizational changes intended to streamline operations amid the COVID-19 pandemic.
Credit: Joe PriesAn extraordinary assembly of shareholders and the European Commission (EC) has approved a €9 billion ($10.1 billion) state bailout for Lufthansa, clearing the way for the airline to begin its long route to recovery and avoid an imminent bankruptcy filing.
Credit: Rob FinlaysonQantas Airways has unveiled a three-year strategy to prepare for a slow airline industry recovery, including cutting 6,000 workers, storing or retiring larger widebody airliners, and raising A$1.9 billion ($1.3 billion) in new equity to fund its plans.
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