Coronavirus

CHORUS AVIATION had C$41.5m net income on C$949m revenues in 2020 vs $133.2m on $1.4b in 2019; it has $201m liquidity.

VOLARIS lost MXP4.3b in 2020 (vs MXP2.6b profit in 2019) on 36% lower revenues and ended year with 86 aircraft (six A319s, 64 A320s and 16 A321s); it

VistaJet founder and chairman Thomas Flohr is witnessing an ongoing trend as airline passengers switch to private jets with global airline connectivity limited because of the pandemic.

The National Air Transportation Association (NATA) is seeking to highlight members work in helping to deliver COVID-19 vaccines.

The Association of Asia Pacific Airlines (AAPA) is taking a three-pronged approach to the recovery of the air transport industry: widespread vaccination in both developed and developing countries, new border protocols that utilize the latest technology and keeping sight of sustainability.

While the crisis has caused some airlines to delay connectivity upgrades, the need for them may well have increased.

How can aftermarket providers use the “more electric” present to prepare for the future?

Already restructuring before the pandemic hit, see how Avianca is adjusting its MRO practices and strategies.

Developments to reduce or neutralize pathogens in the aircraft cabin seeing increased attention in light of COVID-19.

Why MRO spending for the 787 is expected to remain robust over the coming decade.

While 2020 was a bad year for commercial aviation, there were some positives and some surprises.

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New workforce grant programs in the U.S. could help the maintenance workforce that was hit hard by the COVID-19 pandemic.

AIRLINES REPORTING CORP (ARC) reports net sales from ARC-accredited travel agencies totaled $1.3b in January 2021, up 21% from December 2020.

The final quarter of 2020 was a boom time for pre-owned business aircraft sales, and early data suggests this trend has continued into 2021.

JETBLUE and AMERICAN launched first phase of their Northeast Alliance with ~80 routes sharing both airline codes; JetBlue also announced 15 new routes

YIELDSTREET, NY has launched an Aviation Fund to provide aviation investors with low-cost exposure to its commitments for approximately 40 leased

US DOT says US scheduled pax airlines employed 379,302 full-time equivalent (FTE) workers in December (lowest since Jan 1990), down 16.7% vs Dec 2019.

GROUPE ADP (formerly Aéroports de Paris) had €1.5b net loss in 2020 (vs €637m net income in 2019) on 54.5% lower revenues; airport fees fell 64%.

WESTJET has suspended service to St. John's; London, ON; Lloydminster; and Medicine Hat through June 24 due to COVID-19.

AFI KLM E&M lost €543m on €2.9b revenues in 2020 vs €260m profit on €4.6b in 2019; third party revenues fell 41.4%.

FINNAIR GROUP lost €595m in 2020 (vs €163m profit in 2019) on 73.2% lower revenues; enplanements were down 76.2%.

MTU AERO ENGINES had €147m net income on €4b revenues in 2020 vs €488m on €4.6b in 2019; commercial OEM revenues fell 32% and commercial maintenance

NAV CANADA reports year-over-year traffic drop of 56.8% in January 2021.

AIRBUS had €1.1b net loss on €49.9b revenues in 2020 (vs €1.4b loss on €70.5b in 2019); commercial aircraft segment lost €1.3b on €34.3b revenues vs