GE Aviation saw 2020 second-quarter revenues decline 44% as the company absorbed more than its share of commercial aviation’s multiple crises, with lower global travel demand reducing both new-equipment and services revenues, while the 737 MAX slowdown continues to create headwinds for the CFM LEAP 1-B engine program.
Facing another heavy quarterly loss of $2.4 billion, the COVID-19-triggered market downturn, and continued uncertainty over the timing of the return-to-service of the 737 MAX, Boeing is making further cutbacks to its commercial aircraft production rates, studying additional layoffs and delaying deliveries of the 777X until 2022
Privately owned African startup Sky Mali, having secured its air operator’s certificate (AOC), is planning to launch flights to four domestic destinations.
Wizz Air CEO József Váradi is looking to accelerate aircraft deliveries and is considering new orders, viewing the post-COVID downturn as a unique opportunity to buck the market.
A majority of lawmakers in the U.S. House signed a letter urging leaders from both chambers of Congress to extend the Payroll Support Program (PSP) through March 2021, arguing that failure to do so will lead to hundreds of thousands of job losses across the airline industry this fall.
Cathay Pacific has confirmed it will transfer a third of its passenger aircraft to storage locations outside Hong Kong in line with “prudent operational and asset management considerations.”
All Nippon Airways’ (ANA) significant cost-cutting efforts have been dwarfed by the massive revenue loss caused by the COVID-19 crisis, resulting in heavy net losses for the June quarter.
Alitalia said it would increase international flights as it looks to increase traffic following the COVID-19 shutdown, with its medium- and long-haul capacity set to grow by 7% in September and 29% in October compared to August levels.
The rebound in domestic travel in Japan has been one of the most impressive in the Asia-Pacific region, and the government is taking steps to try and keep the momentum going.
While Hawaiian Airlines is raising financing to ensure its survival in the short-term, it is also looking further ahead at what changes will be needed to adjust to the long-term industry outlook.
JetBlue has tapped Pratt & Whitney to maintain its newer IAE V2500 engines under a 13-year, fixed-price agreement, the last maintenance-related piece in a series of sweeping cost-reduction moves.
