Coronavirus

BRITISH AIRWAYS lost €3.9b in 2020 (vs €1.3b profit in 2019) on 70% lower revenues.

INTERNATIONAL AIRLINES GROUP (IAG) had €6.9b net loss in 2020 (vs €1.7b profit in 2019) on 75.5% lower revenues. It says it anticipates demand will

AIRSTREAM INTL was mandated to sell 10 ex-Norwegian 737-800s in single as-is, where-is package via public auction.

AIR ASTANA is estimating financial performance for the combined months of January/February 2021 at its highest level since 2017 after $94m loss in

LOS ANGELES INTL AIRPORT handled 1.7m pax in January, down 74% vs January 2020.

Even before the COVID-19 pandemic wreaked havoc on the aviation industry, the need for consolidation was becoming apparent in Mexico.

Ask the Editors: With demand for widebodies diminishing, lessors will abstain from placing new widebody orders for several years.

Growing e-commerce and shifting transportation modes are positive signs for air cargo.

The number of flights operated by U.S. carriers declined to the lowest level on record in 2020, new data from the Bureau of Transportation Statistics (BTS) shows, reflecting the devastating impact of the COVID-19 pandemic on demand for air travel.

For those in the air transport industry hoping that 2021would see the turning point from devastating cash burn to the beginnings of recovery—and that’s just about everyone in the industry—the first quarter has quickly dashed those hopes.

The Aircraft Owners and Pilots Association has announced the passing of its technical editor and director of business operations, Mike Collins, who died Feb. 25 at age 59 after battling COVID-19.

SWISS plans to launch five new short-haul European routes over the coming months, although the Star Alliance member does not expect to see “any tangible resumption of air travel activity until mid-summer at the earliest.”

German leisure carrier Condor has signed an agreement with DHL Express to operate four Boeing 767-300ER for the logistics giant, which is looking to meet higher customer demand for international express shipping.

FLY LEASING lost $67.4m on $334m revenues in 2020 vs $225.9m profit on $575m in 2019; it has 84 aircraft vs 89 a year ago.

TRIMAS AEROSPACE lost $133m on $168m sales in 2020 vs $29m profit on $194m in 2019; 4Q20 sales dipped 23% vs 4Q19.

CARGO AIRCRAFT MANAGEMENT earned $77.4m on $327m revenues vs $68.6m on $302m, and ended year with 100 aircraft; it expects to lease 11 767s to AMAZON

ATSG posted $32.1m net profit in 2020 (vs $61.2m in 2019) on 8% higher revenues, and expects its aircraft leasing demand will remain exceptionally

NORWEGIAN lost NOK23b in 2020 (vs NOK1.6b loss in 2019) on 79% lower revenues, and says it operated 23 of 131 aircraft in fleet in 4Q20, but at 7.2

Austrian Airlines has sold its three oldest Boeing 767-300ER to U.S. investor MonoCoque Diversified Interests LLC as the flag-carrier continues to restructure and reduce its fleet.

International Airlines Group (IAG) has seen growing revenue contributions from its long-haul business since July 2020 with the segment now contributing the majority of passenger revenues.

COVID-19 has devastated the industry, but aviation recruitment specialists believe the market uncertainty can be mitigated.

Simulators and tech-based training will be essential to affordable pilot development

Airlines have launched a number of pilot retention and development programs.

Delta Air Lines will recall up to 400 pilots this summer to help position itself for a rebound in travel demand.

International Airlines Group (IAG) has appointed the chief executive and chairman of IAG Cargo, Lynne Embleton, as CEO of Aer Lingus.