COPA

Aug 06, 2020
COPA lost US$386m in 2Q20 (vs US$50.9m profit in 2Q19) on 97.7% lower revenues; enplanements were down 99.6%.
Air Transport

BRUSSELS AIRLINES

Aug 06, 2020
BRUSSELS AIRLINES lost €182m in 1H20 (vs €36m loss in 1H19) on 63% lower revenues; it suspended ops March 21-June 14.
Air Transport

CARGOJET

Aug 06, 2020
CARGOJET, Canada earned C$91.1m in 2Q20 (vs C$37.5m in 2Q19) on 65% higher revenues, noting surge in e-Commerce sales.
Air Transport

ATSG

Aug 06, 2020
ATSG lost $105m in 2Q20 (vs $26.6m loss in 2Q19) on 13% higher revenues, driven by strong demand for leased cargo aircraft. CAM earned $19.6m vs $16…
Air Transport

ETIHAD

Aug 06, 2020
ETIHAD lost US$758m in 1H20 (vs $586m loss in 1H19) on 38% lower revenues; it operated up to 40 of its 97 pax aircraft.
Air Transport

LUFTHANSA GROUP

Aug 06, 2020
LUFTHANSA GROUP lost €1.7b in 2Q20 (vs €754m profit in 2Q19) on 80% lower revenues, ending quarter with €2.8b of available liquidity, excluding €9b…
Air Transport

BOMBARDIER AVIATION

Aug 06, 2020
BOMBARDIER AVIATION earned $55m in 2Q20 (vs $222m in 2Q19) on 42% lower revenues. It delivered 20 business jets vs 35 a year ago, and expects…
Business Aviation

BOMBARDIER AVIATION

Aug 06, 2020
BOMBARDIER AVIATION earned $55m in 2Q20 (vs $222m in 2Q19) on 42% lower revenues. It delivered 20 business jets vs 35 a year ago, and expects…
Aerospace

Lufthansa Technik A Bright Spot for Group But Faces Pressure

By Alex Derber Aug 06, 2020
Lufthansa has blamed the “almost complete grounding of [the] global commercial aircraft fleet,” for losses at its maintenance arm in the second quarter.
MRO

Bizav, Regional Airline Industries Seek Loan Program Flexibility

By Molly McMillin Aug 06, 2020
A coalition of industry groups is seeking changes to the eligibility criteria of a treasury loan program created by the Coronavirus Aid, Relief and Economic Security (CARES) Act to help general aviation and regional airlines, which face “significant challenges” accessing the program because of liquidity issues, it says.
Marketplace

Aeroflot To Get State Capital Injection To Weather COVID-19 Crisis

By Maxim Pyadushkin Aug 06, 2020
Russia’s largest airline group Aeroflot is to soon receive a massive cash injection from its major shareholder, the Russian government, through a rights issue.
Airlines & Lessors

COVID-19 Shifts Bizjet Perception From Luxury To Safety, Sino Jet Says

By Molly McMillin Aug 06, 2020
The COVID-19 pandemic has led to a shift in the public’s perception of business jets away from a luxury product and to a safe and efficient alternative to commercial airlines, according to Asian charter operator Sino Jet. 
Safety, Ops & Regulation

Lufthansa CEO: Air Traffic ‘Caesura’ Means Restructuring Needed

By Kurt Hofmann Aug 06, 2020
Lufthansa Group said the collapse in demand for air travel following the outbreak of COVID-19 leaves it no choice but to start making redundancies in Germany and scrap 100 of its aircraft.
Airlines & Lessors

Alitalia Unions Warn On Delays To Relaunch Plan

By Helen Massy-Beresford Aug 06, 2020
Alitalia unions have threatened to strike as they sound the alarm over delays to the flag-carrier’s relaunch plan.
Airlines & Lessors

Vietnam Airlines To Halve Aircrew Salaries, Sell Nine A321s

By Chen Chuanren Aug 06, 2020
Vietnam Airlines will reportedly halve the pay of its pilots and cabin crew after the flag-carrier saw a 68% year-on-year (YOY) fall in revenue for the second quarter.
Airlines & Lessors

737 MAX, 777X Progress Offer Rays Of Light For Boeing

By Sean Broderick Aug 06, 2020
Both the 737 MAX and the 777X programs are key to helping Boeing emerge from a historic industry downturn.
Safety, Ops & Regulation

Rolls-Royce Links With Boom, Virgin On Supersonic Ventures

By Guy Norris Aug 06, 2020
Boom and Virgin Galactic agreements with Rolls-Royce mark a potential competitive ramp-up in the commercial supersonic market sector.
Emerging Technologies

Boeing CFO: No More Debt Fundraising For Now

By Michael Bruno Aug 06, 2020
Boeing does not expect to issue more debt to raise funds at this time, the company’s chief financial officer said Aug. 5, but management will “keep all our options open” through the "dynamic" COVID-19 and 737 MAX crises .
Aircraft & Propulsion

Senate Republicans Urge Payroll Support Extension For U.S. Aviation

By Ben Goldstein Aug 05, 2020
Sixteen Republican Senators signed on to a letter urging the chamber’s leadership to extend the CARES Act Payroll Support Program (PSP) until March 2021, signaling growing bipartisan consensus that more aid will be needed to avert mass layoffs this fall.
Airlines & Lessors

Poll: Which in-development narrowbody will have its entry-into-service first?

Aug 05, 2020
With so much going on within the aviation sector we want to know your views on the key topics and stories.
Air Transport

Embraer Delays E175-E2 Until 2023 As Commercial Revenue Plunges

By Ben Goldstein Aug 05, 2020
Embraer will push back the planned entry-into-service date for its E175-E2 until 2023, as the Brazilian manufacturer contends with weak airliner demand in the wake of the COVID-19 pandemic.
Aircraft & Propulsion

Daily Memo: Why MRO Job Cuts Could Leave The Biggest Scars

By Sean Broderick Aug 05, 2020
Airline maintenance is a lagging indicator of global passenger and cargo demand.
Maintenance & Training

US DOT

Aug 05, 2020
US DOT reports fuel cost for US airlines was $1.08/gallon in June vs $2.01 in June 2019; consumption rose 25% vs May 2020.
Air Transport

FRONTIER AIRLINES

Aug 05, 2020
FRONTIER AIRLINES issued formal notifications to 35% of its flight attendants and pilots on potential furloughs as early as October 1.
Air Transport

VIRGIN ATLANTIC AIRWAYS

Aug 05, 2020
VIRGIN ATLANTIC AIRWAYS, which is 49%-owned by DELTA AIR LINES, filed for Chapter 15 bankruptcy protection in the US.
Air Transport

 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.