Finnair said it is now in a healthy financial position after a recapitalization and extensive cost-cutting that addressed the havoc wreaked on its business by the COVID-19 pandemic in 2020.
Conditions remain challenging in the first quarter of 2021, in which the group expects to operate 40% of pre-pandemic capacity as ongoing COVID-19 lockdowns and travel restrictions stifle flying
The North Atlantic Datalink Mandate requiring that aircraft be equipped with datalink communications in oceanic airspace, suspended temporarily because of the COVID-19 pandemic, will be reinstated on Feb. 25.
Groupe ADP, the operator of Charles de Gaulle (CDG) and Orly (ORY) airports, said pre-pandemic levels of traffic at its Paris airports are not expected to return until 2024-27.
The U.S. aerospace industry provided a foreign trade surplus of around $43 billion in 2020, the U.S. Commerce Department reported this month, a notable achievement amid the onset of COVID-19 but almost half the sector’s 2019 level.