Wizz Air reported an underlying net profit of €344.8 million ($385 million) for its fiscal 2020 which ended March 31, slightly behind its forecast of €350-355 million.
A pair of Cowen & Co. analysts predicted U.S. airlines will shrink their pilot workforces by 20%, a target they said could largely be achieved through voluntary measures alone.
Carbon recycler LanzaTech has launched a sustainable aviation fuel (SAF) spinoff, LanzaJet, with $25 million in backing from Canadian and Japanese investors.
Indonesia’s largest low-cost airline Lion Air will suspend all flights from June 5 citing poor passenger carriage as travelers struggle to fulfil the strict requirements needed to fly after movement control restrictions were lifted.
U.S. airlines have regained access to the international Chinese market in a revision of regulations that China issued a day after its own access to the U.S. market was threatened.
Privately owned South African carrier Comair, which operates LCC kulula.com and franchise flights for British Airways (BA), is in talks with six potential investors while eyeing a domestic relaunch by Nov. 1 with a downsized fleet.
Dassault Falcon Service has completed the conversion of a Falcon 900B corporate jet from a passenger configuration to cargo for use transporting fabric for face mask production.
As manufacturers and operators work to reassure passengers that flying in aircraft is safe because existing filtration systems remove pathogens from cabin air, German researchers are studying how viruses spread inside aircraft and other densely packed forms of transport, such as trains.
Lufthansa is preparing “extensive postponements” of aircraft deliveries over several years as it focuses on reducing investment spending and maximizing cashflow in what is expected to be a slow recovery after the coronavirus pandemic.
Several U.S. airlines are among 69 signatories of a letter supporting a stay, or halt, of an order granting Ligado Networks access to mobile satellite services bands for a ground-based 5G network.
While many airline executives predict the recovery in air travel demand will be U-shaped or V-shaped, Delta Air Lines CEO Ed Bastian thinks it will probably look more like the Nike “Swoosh” logo.
After building 111 aircraft and conducting more than 25,000 flights, unmanned and manned, startup Kitty Hawk is winding down the Flyer project to develop a single-seat recreational electric vertical-takeoff-and-landing (eVTOL) aircraft.
The European Commission (EC) has banned all Armenian-registered carriers from European Union (EU) airspace, following a review of the country’s safety oversight first announced in December 2019.
Bombardier has completed the sale of its CRJ Series regional jet program to Mitsubishi Heavy Industries for $550 million in cash and the assumption of about $200 million in related liabilities, the company said.
The airline industry has produced almost exclusively bad news ever since the coronavirus pandemic began to have an impact on the industry globally in early March.
The global air freight market plummeted by 27.7% in April compared to the same period in 2019, as the full effect of the COVID-19 pandemic was felt around the world.
Indian carrier IndiGo slipped to a net loss in the first quarter of the year, largely due to plummeting demand caused by the COVID-19 crisis coupled with travel restrictions.
