Coronavirus

Will Biden’s policy on aerospace business with China differ from Trump’s? The answers may be surprising politically but not economically.

Flagship Boeing widebody is suffering from production-quality issues forcing time-consuming rework on airplanes most do not need.

Aviation Manufacturing Jobs Protection Act of 2021, introduced to US House of Representatives by members from states of Washington and Kansas, would

Eurocontrol has revised downwards its traffic forecasts for the first half of 2021, after the year’s first few weeks were marked by declining demand.

US TSA reported it screened 468,933 pax on January 27, down 71% vs a year ago and the fewest recorded figures since July 4.

AIR TRANSAT is cancelling flights out of Toronto through April 30 due to COVID-19 restrictions imposed by Canadian Govt.

AEROMEXICO GROUP reached satisfactory agreements with its pilots and flight attendant unions during restructure of CBAs.

EASYJET had £165m revenues for first quarter ended December 31, down 88% from a year ago; enplanements fell 87%.

JETBLUE AIRWAYS had $381m net loss for 4Q20 (vs $161m profit in 4Q19) on 67.4% lower revenues; and $1.4b net loss in 2020 (vs $569m profit in 2019) on

SOUTHWEST AIRLINES had $908m net loss for 4Q20 (vs $514m profit in 4Q19) on 64.9% lower revenues; and $3.1b net loss in 2020 (vs $2.3b profit in 2019)

AMERICAN AIRLINES had $2.2b net loss for 4Q20 (vs $414m profit in 4Q19) on 64.4% lower revenues; and $8.9b net loss in 2020 (vs $1.7b in 2019) on 62.1

Nearly a year’s worth of restrictions caused by the COVID-19 pandemic does not appear to have diminished interest in flying by business jet to the annual Super Bowl, which takes place Feb. 7 at Raymond James Stadium in Tampa, Florida.

The International Chamber of Commerce (ICC) has announced that Etihad Airways, in partnership with health and security services firm International SOS

Canada’s Air Transat will suspend all flights to and from Toronto (YYZ) for the remainder of the winter, citing the COVID-19 pandemic.

ULCC Wizz Air said it will be able to ramp up to full capacity quickly once the market returns and COVID-19 uncertainty subsides.

Cathay Pacific has announced a new convertible bond issue that will raise HK$6.7 billion ($870 million), giving it an additional financial buffer as the business environment becomes even more challenging.

AIRCASTLE announced pricing of its $750m senior notes due 2028 at an issue price of 98.543%.

Boeing has pushed back first deliveries of the 777X by an additional year to the end of 2023 after disclosing the need for a late flight control system-related modification driven by stiffer certification requirements in the wake of the 737 MAX experience.

The European Commission (EC) has reportedly told the Italian government that it cannot simply transfer Alitalia’s assets into the country’s new national carrier Italia Trasporte Aereo (ITA).

European air cargo execs are calling for greater regional harmonization and streamlining measures to support their sector as it transports COVID-19 vaccines worldwide.

BOEING GLOBAL SERVICES earned $450m on $15.5b sales in 2020 vs $2.7b on $18.5b in 2019.

HAWAIIAN had $162.6m net loss in 4Q20 (vs $49.7m profit in 4Q19) on 79% lower revenues; and $410.9m net loss for 2020 (vs $224m profit in 2019) on 70

GENERAL DYNAMICS AEROSPACE earned $401m on $2.4b sales in 4Q20 ($11.6b backlog) vs $480m on $2.9b in 4Q19; and $1.1b on $8.1b sales in 2020 vs $1.5b

BOEING had $8.4b net loss on $15.3b revenues in 4Q20 vs $1b loss on $17.9b in 4Q19; and $11.9b net loss on $58.2b in 2020 vs $636m net loss on $76.6b

Plans to demonstrate an autonomous aerial firefighting capability with an Erickson S-64 Aircrane heavy-lift helicopter have been delayed because of the coronavirus pandemic.