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Aviation Daily Roundup: July 24

July 24, 2020

Philippine Airlines Defers Deliveries, Adds Cost Controls After Q1 Loss

Philippine Airlines (PAL) has announced cost-control strategies after recording a PHP9.4 billion ($184 million) loss for the first quarter (Q1) of 2020.

Finnair Sees Air Traffic Recovery In Stages, Reports Q2 Loss

Credit: Nigel Howarth / Aviation Week

Finnair predicts its airline operations in September will be half of what they were a year ago.

Airbus To Increase Interest Payments In Bid To Resolve WTO Dispute

Credit: Airbus

Airbus has agreed to increase the amount of interest it is paying on launch aid from the French and Spanish governments for the A350 in a bid to end the long-standing World Trade Organization (WTO) dispute with the U.S.

Daily Memo: Ascending The Demand Plateau

Credit: FAA

The U.S. airline industry couldn’t survive another quarter like the 2020 second quarter (Q2).

Icelandair Q2 Revenue Down 85% On Weak Demand

Icelandair Group’s 2020 second quarter (Q2) operations were significantly affected by the COVID-19 pandemic, which included sweeping travel bans and a massive decrease in demand.

Alaska Air Group Hastens Move To Join Oneworld By Year-End

Credit: Alaska Airlines

Alaska Air Group admits its goal to join oneworld by year-end is aggressive, but the company is eager to cement its place in the alliance as well as its partnership with American Airlines.

Munich-Led Consortium Signs Sofia Airport Operator Concession

Credit: Meridiam

The Bulgarian Ministry of Transport and the SOF Connect consortium have signed a concessionaire agreement for Sofia Airport (SOF) July 22.

Chinese Airlines Hit New Peak In Pandemic Activity

Credit: Ryan Wang

Chinese airlines on July 23 achieved their highest level of activity since the COVID-19 pandemic began, according to the Civil Aviation Administration of China (CAAC).

India Grants SpiceJet Rights To Begin U.S., UK Operations

Credit: Spicejet via Twitter

LCC SpiceJet has been awarded designated-carrier status by the Indian government to serve the U.S. and the UK, a first step toward launching long-haul, low-cost routes to these countries.

Emirates To Cover COVID-19 Costs For Passengers

Credit: Emirates

Dubai-based Emirates Airline is offering passengers free insurance coverage for COVID-19 medical expenses and quarantine costs incurred while traveling, in a bid to boost customer confidence.

European Aviation Bodies Push Uniform Pandemic Regulations

Credit: Rob Finlayson

Several European aviation groups have combined with EASA in an effort to strengthen assurance of a consistent travel experience for passengers during the COVID-19 pandemic.

IAG Extends Points Partnership With American Express In $956M Deal

Credit: Joe Pries

International Airlines Group (IAG) has extended its worldwide commercial partnership with American Express in a multi-year renewal.

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