Ireland-based lessor CDB Aviation has initiated delivery of three Airbus A320neos to new customer Frontier Airlines as part of a sale-and-leaseback transaction.
International Airlines Group (IAG) has confirmed plans for a capital increase of up to €2.75 billion ($3.2 billion) to bolster its cash reserves, as it announced a net loss of €3.8 billion for the first half of 2020.
Europe’s airline and airport associations have written to lawmakers across the continent warning that inconsistent COVID-19 travel restrictions are hampering consumer confidence.
Extensive home-country travel restrictions on top of downward pressure on air travel demand worldwide continues to constrict Air Canada, leaving the airline focusing on cargo revenues while it waits out the COVID-19 pandemic.
Hawaiian Airlines has told unions it may have to furlough more than 2,000 employees as the carrier looks to realign the size of its workforce with the new operating environment.
Dutch airline KLM said it would cut 4,500-5,000 jobs as it embarks on a post-COVID-19 road to recovery that is set to be “long and fraught with uncertainty.”
Thailand’s Nok Air has become the latest airline to seek a restructuring through the courts after succumbing to the financial pressures caused by the COVID-19 pandemic.
Air France-KLM, pledging to step up its restructuring plans as it unveiled a massive quarterly loss caused by the COVID-19 crisis, said it expects capacity to remain at least 20% below 2019 levels in 2021, with a recovery to pre-crisis capacity by 2024.
A senior United Airlines executive said up to a third of the company’s pilots may be furloughed this fall, as carriers increasingly warn of the need to cut labor costs following the expiration of federal payroll support on Sept. 30.
Allegiant Air will furlough 275 pilots in October, after posting a $95 million net loss in the 2020 second quarter (Q2), despite outperforming its peers on a host of key metrics.
Garmin said it was returning to normal operations following a cyberattack that disrupted its web-based aviation and consumer applications for several days.
As part of its efforts to preserve cash, Singapore Airlines (SIA) will be expanding its pay cuts to all employees, ranging from 10% to 35% depending on seniority.
