Coronavirus

Although LATAM Airlines Group has yet to see demand dwindle in its South American domestic markets from the COVID-19 crisis, the company has cut service from its hub at Sao Paulo Guarulhos International airport to Milan through Apr. 16.

Lufthansa Group decided Mar. 6 to cut capacity by up to 50% and is considering grounding its fleet of 14 Airbus A380s.

Taiwan’s Ministry of Transportation and Communications has put aside NT$4.2 billion ($140 million) to help its aviation industry should the COVID-19 outbreak gets worse, according to the Taipei Times.

Business aviation operators are feeling the impact from the spread of the COVID-19 virus and are adopting a variety of risk management solutions to cope.

From trade tensions to the COVID-19 coronavirus, how Western aftermarket companies are navigating business in China.

Despite recent events, the outlook for the aviation industry is still mostly positive.

IATA projects the industry could lose up to $113 billion in revenues in 2020 if the coronavirus spreads further.

Aircraft manufacturers and suppliers widely expect the COVID-19 coronavirus crisis to result in a short, sharp shock to the air transport sector, but nothing disruptive yet to their business models, according to comments made during the U.S. Chamber of Commerce’s 2020 Aviation Summit.

The Chinese government said it will pay subsidies to support international air connections, as local airlines planned further restoration in domestic capacity.

Southwest Airlines is projecting a $200-300 million first-quarter operating-revenue shortfall due to a sudden dip in bookings that the airline is linking to COVID-19.

The Lunar and Planetary Science Conference scheduled for March 16-20 has been canceled due to concerns over the coronavirus.

As air transport demand continues to drop as COVID-19 coronavirus infections have begun to cluster beyond the Asia-Pacific region, IATA has widened its estimates on revenue losses for the airline industry.

United Airlines became the first U.S. airline to cut domestic capacity as a result of the COVID-19 outbreak, signaling that domestic demand in the North American market is showing signs of pressure from the spreading novel coronavirus.

Finnair is canceling more flights in response to the COVID-19 outbreak as it began talks with its workforce over temporary layoffs.

Organizers on March 4 canceled the World ATM Congress planned in Madrid next week, citing travel restrictions that have been implemented because of the COVID-19 coronavirus outbreak.

UK long-haul specialist Virgin Atlantic is seeking to defer staff salary increases and is cutting the pay of its senior executives as it braces for the increasing financial impact of the COVID-19 outbreak.

UK LCC EasyJet CEO Johan Lundgren expects to see more airline bankruptcies as carriers continue to deal with falling demand and cashflow as a result of the continuing COVID-19 outbreak.

The COVID-19 outbreak and the disruption it is causing to international travel could hit industry-wide orders for long-haul aircraft, Airbus CEO Guillaume Faury told a Mar. 4 hearing of the French senate’s economic affairs committee.

Despite having a handful of key suppliers in China, Rolls-Royce has reported zero impact on its supply chain from the ongoing coronavirus outbreak.

Most of China’s largest airports suffered traffic falls of at least 5% in January as a result of early reactions to the COVID-19 outbreak, the first national airport data for 2020 showed.

All Nippon Airways (ANA) is making temporary cuts to its Japanese service in response to the COVID-19 coronavirus outbreak.

Philippines Airlines’ (PAL) net losses reached a record PHP10.6 billion ($208 million) in 2019; the flag carrier’s issues have exacerbated in 2020 with the Taal Volcano eruptions and COVID-19 coronavirus outbreak.

With COVID-19 coronavirus cases multiplying in South Korea, Iran and Italy, Singapore has taken more steps to mitigate the risk.

Safran executives are expressing cautious optimism that any decline in commercial aftermarket demand linked to COVID-19 will be short-lived but acknowledge that it could be sharp.

UK LCC easyJet is taking steps to cut back on discretionary costs in a bid to offset the expected impact of the COVID-19 virus on operations as demand slows.