The weeklong Chinese national day holidays in in the first week of October fueled an accelerated recovery of air travel within China, with most carriers in the country seeing year-on-year gains in domestic passenger carriage and demand.
Boosted in the short term by the impacts of the COVID-19 pandemic, Boeing forecasts the air cargo market is set for solid growth over the next 20 years—driven by a surge in e-commerce traffic, a steady increase in air freight demand and an underlying drive towards lower cost, more sustainable aircraft.
EasyJet Sells Slots, 10 More Aircraft After Historic Loss
UK LCC easyJet has raised further liquidity by selling over 300 London Stansted slots to Irish rival Ryanair and refinancing another 10 Airbus A320s, after posting its first ever full-year loss—totaling over £1 billion ($1.3 billion).
Daily Memo: As Pandemic Challenges Airline Balance Sheets, Lessors Stand To Gain
Word of consistent lease-deferral requests from airlines and a court-granted approval for Aeromexico to convert 96 leases to power-by-the-hour agreements prompted some to wonder whether the current crisis is altering lessor-lessee dynamics.
Jefferies Analysts Remain Bullish On Southwest Airlines Recovery Profile
Credit: Southwest Airlines
A team of analysts from Jefferies Group rated Southwest Airlines as their top U.S. airline pick for the next several years, judging that its strong domestic leisure profile should enable a faster return to profitability than other large carriers.
More than 300 employees working at FAA air traffic control facilities have contracted COVID-19 since the first positive cases were detected at Chicago Midway International Airport in March, the agency’s top ATC executive said Nov. 17.
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