While U.S. airlines lost nearly $45 billion in 2020, one unlikely carrier managed to close out 2020 without experiencing a single unprofitable quarter.
Emirates Airline president Tim Clark expects the recovery of air travel to be delayed beyond the upcoming summer season and foresees a substantial return of demand only in the 2021 fourth quarter.
Air Canada is suspending service on 17 more routes until April 30 at the earliest as it grapples with new travel restrictions imposed by the Canadian government designed to mitigate the spread of COVID-19.
U.S. leisure carrier Allegiant Air is adding 34 new nonstop routes to its summer schedule, plus a further nine limited-time services to support South Dakota’s Sturgis Motorcycle Rally in August.
Urban air mobility startup Archer is to go public in a deal that will raise up to $1.1 billion to fund commercialization of the company’s all-electric air taxi.
Etihad Airways has become the first airline in the world with all its operating pilots and cabin crew vaccinated to help curb the spread of COVID-19 and give passengers who travel with the airline peace of mind.
Indonesia National Transportation Safety Committee (KNKT) officials investigating the Jan. 9 crash of Sriwijaya Air Flight SJ182 are further examining the Boeing 737-500’s autothrottle system.
AirAsia Group recorded a strong recovery in passenger volumes in the 2020 fourth quarter (Q4), notably in domestic carriage across Indonesia, the Philippines and Thailand.
The big lessors are in much better financial shape than their customers, and their market share and influence will only rise as they provide customers financial help.