Ahead of its full year financial report on May 14, Singapore Airlines (SIA) has put out a stock announcement saying it is expecting a net loss for fiscal 2019-2020, including a material operating loss for the last quarter between January and March.
Air New Zealand has revealed plans to restore many of its domestic routes when the country’s travel restrictions are reduced, which could occur within the next week.
Nigeria - The International Air Transport Association (IATA) called for aviation-specific financial relief measures from the government of Nigeria to address the severe impact of the COVID-19 crisis on the air transport sector.
Calls have been growing in Europe for airline bailouts to include environmental conditions and before the COVID-19 crisis, the French government was among those calling for greater sustainability efforts from airlines in recent months, introducing an eco-tax on flights departing France from the start of 2020.
A jump in retirements of older passenger aircraft linked to the coronavirus pandemic will boost not just legacy conversion programs such as the Boeing 767, but also emerging ones, including the Airbus A321, Air Transport Services Group (ATSG) president Rich Corrado said.
International Airlines Group (IAG) plans to take delivery of 68 fewer aircraft until 2022 and is considering accelerated retirement of sub-fleets to bring its capacity in line with what it expects will be subdued demand over a long period of time.
Vietnam Airlines plans to restore all of its domestic routes by June, which would mark a rapid rebound from the suspension of all but a handful of flights in April.
The recent decision by Brazil’s largest domestic airline GOL to cancel orders for 34 Boeing 737 MAX narrowbodies has coincided with a compensation payment from the airframer, bolstering GOL’s cash balances to withstand the COVID-19 pandemic.
Month-old Raytheon Technologies is slashing billions of dollars in costs and other retrenchments, including workforce cutbacks, as commercial OEM and aftermarket revenue could be halved this year in the wake of COVID-19.
Air France-KLM posted a net loss of €1.8 billion ($1.95 billion) for the first three months of the year, hit by the devastating impact of the COVID-19 coronavirus crisis on its operations.
Spirit Airlines has no plans to abandon its high-density cabin layout in the aftermath of the COVID-19 pandemic, signaling confidence in the ULCC business model despite concerns over the health risk posed by crowded aircraft.
