Coronavirus

China’s domestic capacity has surged back after a COVID-19 spike put the brakes on the country’s busiest travel period.

CAAC reports Chinese airlines lost CNY30.1b in 1Q21 (vs CNY34.6b loss in 1Q20) on 1.1% lower revenues.

JFK handled 1.1m pax in 2020, down 78% vs 2019; cargo traffic rose 2.5%.

BRAATHENS REGIONAL AIRLINES (BRA) plans May 12 to resume domestic operations, initially at Stockholm Bromma, Malmö, Gothenburg, Visby, Ängelholm and

LUFTHANSA retired its sixth A380 (061); it has eight remaining, which are all currently in storage.

AIR FRANCE-KLM successfully completed public offering to increase its capital by €1,036m after exercise in full of increase option.

US DOT says US scheduled pax airlines had 394,843 full-time equivalent (FTE) workers in February, down 14.3% vs Feb 2020.

AÉRO MONTRÉAL created the Alliance for the Aerospace Recovery (AAR) to accelerate sustainable innovation, support company cash flow and promote market

AIR NOSTRUM is seeking €103m in loans from fund managed by SEPI to offset losses due to COVID-19 and forecast of slower recovery than originally

Philippine carrier Cebu Pacific has received a $250 million cash injection in the form of convertible bonds from International Finance Corporation (IFC), IFC Emerging Asia Fund and Indigo Philippines LLC, a subsidiary of serial US airline investor Indigo Partners.

Long-sought changes have the potential to turn Spirit’s 20th-century-style factories into marvels of digitally driven lean manufacturing.

Ask the Editors: Flight crews favor vaccination, but requirements depend on airline policies and local laws, which are changing quickly.

TURKISH AIRLINES has cancelled 10 of its 63 remaining 737 MAXs on order and converted another 40 into options until December 21, 2021; the remaining

ALTA members flew 25.6b RPKs in February, down 66% vs Feb 2020; capacity fell 54% to 43.5b ASKs. Pax fell 55.7%.

Despite ongoing concerns, MRO providers seeing room to hope as airline traffic rebounds.

DELTA AIR LINES had $1.2b loss in 1Q21 (vs $74m loss in 1Q20) on 60% lower revenues; its average cash burn was $11m per day, which included a positive

VIRGIN AUSTRALIA agreed to re-lease 10 of its previously operated 737-800s from various lessors to facilitate network growth that includes planned

WIZZ AIR expects to post net loss of €570m-€590m for year ended March 31, ending year with €1.6b in total liquidity.

FRANKFURT AIRPORT handled 925k pax in March, down 56.4% vs March 2020; air cargo increased 24.6%. It adds 1Q21 pax traffic decreased 77.6% vs 1Q20.

NAV CANADA reports March traffic (measured in weighted charging units for navigation services) fell 40.9% vs March 2020 and 57.4% vs March 2019.

VOLARIS says it has targeted additional working capital relief of US$100m via payment deferrals and optimized fleet plans for post-COVID traffic

AIRBALTIC had €264.6m net loss in 2020 (vs €9.1m loss in 2019) on 72% lower revenues; enplanements dropped 73%.

AEROCENTURY had $42.2m net loss on $16m revenues in 2020 vs $16.7m loss on $44m in 2019; it has eight aircraft.

Kuwaiti LCC Jazeera Airways is planning to increase its capital as it seeks to mitigate the financial implications of the coronavirus pandemic.

How MROs in North America are moving forward with digital strategies despite COVID-19.