Coronavirus

Swiss International Airlines is confronting the greatest challenge in its corporate history as management concluded that a significant restructuring of its business is unavoidable.

Most Europeans are willing to travel by the end of August, demonstrating the “significant amount of pent-up demand which has accumulated following months of travel restrictions,” a new report has found.

While the Australia-New Zealand travel bubble is the first in the Asia-Pacific region, demand has been slow to rebound.

UZBEKISTAN AIRWAYS plans to modify four A320s to all-economy class configuration for 3Q21 and then establish a new LCC by end of 2022 with the aim to

After battling headwinds during the first quarter from a second wave of COVID-19 infections in Brazil, Azul is seeing positive signs for a rebound in demand as its home country’s vaccination rates increase.

US DOT says US scheduled pax airlines employed 713,035 full-/part-time workers in March vs 755,095 in March 2020.

ATSG reported $42.3m net profit in 1Q21 (vs $137.5m in 1Q20) on 3.4% lower revenues. CAM earned $21.5m on $88m revenues vs $15.8m on $79m, and has 85

SWISS announced expected restructuring to meet expected projected medium-term decline in demand of 20%; under proposed plan, its medium-haul fleet

COPA had $110.7m net loss in 1Q21 (vs $74.3m net income in 1Q20) on 69% lower revenues; it has $1.5b of available liquidity.

AFI KLM E&M lost €8m in 1Q21 (vs €3m loss in 1Q20) on 45.3% lower revenues; third-party revenues declined 47.5%.

AIR FRANCE-KLM GROUP had €1.5b net loss in 1Q21 (vs €1.8b loss in 1Q20) on 57% lower revenues; it has €8.5b in liquidity. AIR FRANCE GROUP lost €840m

BOMBARDIER earned $19m on $1.3b revenues in 1Q21 vs $105m on $1.5b in 1Q20; it delivered 26 business jets (16 Globals) vs 26 (nine Globals) a year ago

What now in the post-pandemic world? During several recent trade shows, webinars and Aviation Week interviews, advisors and analysts have shed light on where they think industry giants are going next and why.

AIR NEW ZEALAND restarted Auckland-Adelaide; route was suspended March 30, 2020 due to COVID-19.

ATLAS AIR had $89.9m net profit in 1Q21 (vs $23.4m in 1Q20) on 34% higher revenues; block hours increased 21%.

ALLEGIANT had $6.9m net income in 1Q21 (vs $33m loss in 1Q20) on 32% lower revenues; it has 100 A320 Family aircraft.

FACC earned €0.4m on €118.1m revenues in 1Q21 vs €11.3m on €195.4m in 1Q20; it sees aviation market stabilizing in 2021.

DAE earned US$25m on US$307.5m revenues in 1Q21 vs $83.8m on $352m in 1Q20; it ended quarter with $3.3b of liquidity.

SPIRIT AEROSYSTEMS had $172m net loss on $901m revenues in 1Q21 vs $163m loss on $1.1b in 1Q20, and ended quarter with $1.4b in cash. It delivered 269

Italy-based Air Dolomiti is in negotiations with several European regional airports which are looking for airline partnerships to secure connectivity.

FedEx Express and its partners have begun a series of humanitarian flights to India, delivering much needed medical supplies and oxygen concentrators.

PHILIPPINE AIRLINES is expected to file for Chapter 11 bankruptcy by the end of May, according to unconfirmed reports.

NORWEGIAN AIR SHUTTLE negotiated and signed agreements for four owned and 44 leased aircraft and intends to operate fleet of 51 aircraft on a short

FLYDUBAI had AED712m net loss for 2020 (vs AED198.2m profit in 2019) on 53% lower revenues; it ended year with 51 737s.

WILLIS LEASE FINANCE had $2.2m net loss on $61.1m revenues in 1Q21 vs $3.5m profit on $81.6m in 1Q20; it current-ly has 295 engines (vs 260 a year ago