Coronavirus

LUFTHANSA GROUP reached agreement with Vereinigung Cockpit on short-term crisis measures through end 2020; measures apply to pilots of Lufthansa

SOUTHWEST now estimates year-over-year capacity drop of 30-35% in 3Q20 (vs earlier estimate of 20-30%) as improving booking trends stalled in early

Qantas estimates there is a strong underlying demand for domestic travel in Australia, but it is being constrained by multiple intra-state border closures.

FACC, Austria lost €49.8m in 2Q20 (vs €0.3m net profit in 2Q19) on 48.1% lower revenues. It says its capacity utilization, which dropped to 50% due to

GO2SKY, Slovakia is shutting down in September due to COVID-19. It was operating four 737-800s

AIRBALTIC revised delivery schedule with Airbus for 28 A220-300s on order and is now due to complete order in early 2024.

BOC AVIATION had US$323m net income in 1H20 (vs $321m in 1H19) on 11% higher revenues; it has owned/managed/committed fleet of 571 aircraft and says

QANTAS GROUP posted A$2b net loss for year ended June 30 (vs A$840m profit a year ago) on 20.6% lower revenues, and ended year with A$4.5b in

COVID-19 has hit the South Korean airline industry at a pivotal time, disrupting efforts to attract new owners by Asiana and Eastar.

Chinese domestic airline activity has virtually recovered to its 2019 levels as airlines have laid on more capacity than is profitable, in an apparent move to promote a revival in tourism and business travel.

Initial drop of about 50% could be followed by prolonged and uneven climb back to prepandemic demand levels.

AVENTURE AVIATION, GA and CRUCIAL MRO, MO formed alliance to market/supply CRJ components (initially) harvested from three CRJ200s recently dismantled

LONDON HEATHROW handled 867k pax in July, down 88.8% vs July 2019; movements fell 71.7%.

NORWEGIAN was rejected by The Swedish National Debt Office for its loan-guarantee application to receive financial aid.

BOEING is offering a second round of voluntary layoff (VLO) opportunities.

Danish charter specialist Sunclass Airlines plans to lay off up to 375 personnel as it struggles with a drop in the number of passengers taking holidays amid the continuing COVID-19 pandemic.

Incumbent carriers will gain the benefits from an agreement between China and the U.S. to double air service capacity between them.

Southwest Airlines revised down its estimated capacity for the third quarter (Q3) of 2020, despite observing “modest improvement” in revenue and demand trends recently.

Lufthansa Group’s LCC Eurowings is targeting the operation of around 50 aircraft during the upcoming winter season.

As cabin seat innovators look for ways to make economy class more comfortable for passengers and more profitable for airlines, new seat designs are attracting attention.

LATAM AIRLINES GROUP lost US$890m in 2Q20 (vs US$62.8m net loss in 2Q19) on 76% lower revenues, and ended quarter with US$1.4b in cash and cash

Cargo profits at China’s Juneyao Airlines quintupled during the first half (H1) of 2020, reflecting the carrier’s concentration on chartered cargo flights during the peak of the COVID-19 pandemic, when most passenger services were halted.

The COVID-19 crisis has interrupted an important phase of mergers and acquisitions in the South Korean airline industry, leaving the future of at

Aircraft cabin interior product forecast:

The COVID-19 crisis has led major U.S. carriers to streamline their feeder fleets, creating winners and losers among regional partners.