Oneworld carrier Finnair has finalized plans to cut approximately 700 jobs—over 10% of its workforce—in response to the COVID-19 downturn, although this figure is fewer than the 1,000 originally anticipated.
Daily passenger throughput at U.S. airports reached one million people on Oct. 18 for the first time since mid-March, marking a symbolic turning point in the airline industry’s recovery from the COVID-19 pandemic.
New British Airways (BA) CEO Sean Doyle has identified crisis recovery as his “absolute priority” during his first keynote address, just one week after being named as Alex Cruz’s successor.
Aircraft lessor GE Capital Aviation Services (GECAS) and California-based investment-management firm PIMCO are partnering on a new aircraft-investment project, which will initially focus on narrowbodies.
UK regional airline Flybe could resume operations in early 2021, after a company associated with former shareholder Cyrus Capital Partners agreed to acquire the airline from its administrators.
When the new Berlin airport was planned to open for real, the world of aviation looked quite different—and that is not a reference to the current pandemic.
Cathay Pacific predicts that its passenger capacity will still be less than half pre-COVID-19 levels in 2021, even assuming best-case outcomes prevail.
AirAsia X is liquidating its Indonesian unit and has written down its 49% holding in Thai AirAsia X as the long-haul LCC struggles to pay for aircraft leases across all of its AOCs.
