Coronavirus

Airlines are ramping up their activities but there are signs the post-COVID-19 recovery could be more hesitant than they initially hoped.

While Hawaiian Airlines is raising financing to ensure its survival in the short-term, it is also looking further ahead at what changes will be needed to adjust to the long-term industry outlook.

The top Democrat on the House Armed Services Committee is against folding funding for Defense Department programs into the latest COVID-19 relief package.

HAWAIIAN AIRLINES lost $106.9m in 2Q20 (vs $57.8m net profit in 2Q19) on 91.6% lower revenues, and ended quarter with $761m cash. It also launched

ARSA conducted survey of FAA-certificated repair stations that found average year-over-year declines in revenue of 45.9% over first five months of

ALITALIA plans to increase its international flight schedule by 7% in September and by 29% in October (to 1,630 weekly flights to 45 airports) vs

HEXCEL had $203.9m in Commercial Aerospace sales in 2Q20, down 51% vs 2Q19, citing start of inventory reductions in supply chain as partially

CRANE AEROSPACE & ELECTRONICS earned $20 in 2Q20 (vs $49m in 2Q19) on 23% lower sales; it has $506m backlog.

Spirit AeroSystems, the Wichita-based supplier for mostly Boeing and Airbus commercial aircraft, agreed to an expanded role on the Aerion AS2 that includes producing the forward fuselage, the companies announced on July 28.

JetBlue Airways is capitalizing on the worst downturn in air travel history to reinforce its New York and Los Angeles focus cities, part of a plan to emerge from the COVID-19 crisis with an enhanced competitive profile on both U.S. coasts.

Spanish LCC Volotea has agreed to a syndicated loan of €150 million ($176 million) to help meet its operational and financial needs following three months of “hibernation” caused by the COVID-19 pandemic.

Asia-Pacific carriers face a bleak second half of 2020 following a precipitous drop in international traffic in the second quarter, according to the region’s major airline industry group.

NETJETS is offering to reinstate all NetJets Europe pilots/cabin crew furloughed in April and is restoring portion of its European fleet to reach

IATA reports year-over-year global pax traffic dropped 86.5% in June on 80.1% lower capacity, foreshadowing slower-than-expected recovery due to slow

AAPA reports year-over-year member traffic (RPKs) dropped 97% in June on 93.2% lower capacity; cargo was down 20.3% on 27.2% lower capacity. It adds

JETBLUE had $320m net loss in 2Q20 (vs $179m profit in 2Q19) on 90% lower revenues, and ended quarter with $3.4b in liqudity; its daily cash burn fell

COLLINS lost $317m in 2Q20 (vs $1.3b profit in 2Q19) on 36% lower sales, including 48% drop the commercial aftermarket.

PRATT & WHITNEY lost $457m in 2Q20 (vs $449m profit in 2Q19) on 32% lower sales, including 42% lower Commercial OE sales and 51% lower commercial

RAYTHEON TECHNOLOGIES had $3.8b net loss in 2Q20 (vs $1.9b profit) in 2Q19 on 24% higher revenues and says it expects pressures in commercial

France may reconsider plans to build a fourth terminal at Charles de Gaulle, Paris’s biggest airport, because of the COVID-19 pandemic’s impact on air travel demand.

New segments of aviation represent new revenue streams for troubled air navigation service providers (ANSP).

A proposal by Senate Republicans seeks to add billions for defense spending to the COVID-19 relief package, including new money for F-35, P-8 and C-130J procurement.

All flights to and from Vietnamese resort Da Nang have been suspended for at least 15 days after more than a dozen COVID-19 cases sprang up in the popular tourist destination.

The demand dip is triggering delivery slowdowns and orderbook shuffling, but top U.S. carriers remain committed to Boeing’s narrowbody.

Business jet deliveries declined by about 25% in the first half of 2020 compared to the same period a year ago, while turboprop deliveries have fallen