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