Credit: Nigel Howarth/Aviation WeekCOVID-19 has ended Spring Airlines’ year-long run of double-digit quarterly profit increases as China’s largest LCC recorded a CNY227 million ($32 million) loss for Q1 2020.
Credit: Nigel HowarthTroubled Hainan Airlines managed to get back into the black for fiscal 2019, posting a net profit of CNY543 million ($77 million) as it was kept afloat by a series of asset disposals.
Credit: AirbusWith an increasing number of carriers pressing passenger aircraft into service as temporary freighters during the COVID-19 pandemic, Airbus is developing a main cabin cargo-stacking modification for its A330 and A350-family aircraft.
Credit: RyanairRyanair Holdings is expecting a net loss of over €100 million ($110 million) for its fiscal first quarter (Q1), with further losses during the peak summer season—a direct effect of the precipitous decline in traffic caused by the COVID-19 pandemic.
Credit: Embraer / TwitterEmbraer’s commercial operation has shifted focus to realigning with the rest of the company and conserving cash, with new-product development—including a notional turboprop—put on hold while the business regains its footing amid the Boeing deal collapse and coronavirus crisis, Embraer Commercial Aviation president and CEO John Slattery said.
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