Airlines in Brazil continue to recover from the COVID-19 crisis at a faster clip than operators in other regions, but a rational supply-demand balance in ensuing as traffic remains far below pre-pandemic levels.
Atlas Air posted a nearly $75 million net profit in the 2020 third quarter (Q3), boosted by continued strong demand for air cargo amid the COVID-19 pandemic.
Strong performance from Korean Air’s cargo operation helped the airline achieve an operating profit for the 2020 third quarter (Q3), although the airline still slipped to a net loss, attributable to the COVID-19 crisis.
European governments have come under fire for creating a patchwork of COVID-19 restrictions, as airlines continue to hemorrhage €250,000 ($295,000) per minute.
As it prepares to become a pure-play business aviation company, Bombardier has launched a cost-cutting effort in a bid to be profitable on deliveries of 100-120 aircraft a year, down from the 150-plus expected before COVID-19.
Emirates Airline has offered some pilots unpaid leave of up to one year, as it seeks to slim its workforce in the teeth of the ongoing COVID-19 pandemic.
Although Canada’s border with the U.S. remains closed, and domestic quarantines remain intact in some areas, the new CEO of ULCC Flair Airlines remains bullish about the long-term opportunities for the ultra-low-cost model over the long term.
International demand will lag the pure U.S. domestic market’s recovery for years, creating a headwind for carriers that rely on international flow to boost their throughput and altering how they rebuild their networks, an analysis from the Swelbar-Zhong consultancy suggests.
According to the trade union representing British pilots, the UK government seems set on a deliberate course to destroy the country’s airline industry.
Lessor Dubai Aerospace Enterprise (DAE) found new business in the teeth of the COVID-19 pandemic and pulled in more cash from lessees in the 2020 third quarter (Q3), the company said Nov. 4.
Lufthansa Group subsidiaries Swiss International Airlines (SWISS), Austrian Airlines and Brussels Airlines continue to implement measures to overcome the coronavirus pandemic.
Manufacturers are expected to deliver 6,376 new civil and commercial helicopters worth $30.4 billion at retail prices from 2021 through 2030, while the worldwide fleet is projected to expand at a 1.4% compound annual growth rate, according to Aviation Week Network’s new 2021 Helicopter Fleet & MRO Forecast.
Thai Airways has put a total of 34 aircraft up for sale, including all of its Boeing 747-400, 777-200 and 777-300, as the flag-carrier turns to more fuel-efficient aircraft for the handful of international flights it now operates.
Almost all of Cathay Pacific’s eligible pilots and cabin crew have accepted the revised contract terms that are a key part of the Hong Kong airline’s cost restructuring efforts.
