Icelandair Group is now anticipating a $363 million EBIT loss for 2020 and a further $43 million loss in 2021, before climbing back to profitability in 2022 and building to a $175 million positive EBIT by 2024.
Lufthansa LCC subsidiary Eurowings—taking advantage of Ryanair’s base closure at Düsseldorf International Airport (DUS) in Germany—plans to take over up to 95% of the routes that have been operated by the Irish LCC.
Shareholders at Russian carrier Aeroflot have approved plans to issue up to 1.7 billion new shares to help the company weather the COVID-19 crisis.
A daily roundup of air transport news.
Get regular analysis and insights from Aviation Week Network’s award-winning editorial and data teams on technology and business advances impacting the global aviation, aerospace and defense industries