Among the long-term ripple effects of COVID-19, add this: aerospace and defense (A&D) companies are going to become a lot more digital, from tip to tail.
The Russian government has provided RUB23.4 billion ($316.5 million) in subsidies to local airlines to cover COVID-19 losses, the country’s Federal Air Transport Agency Rosaviatsiya said May 14.
Allegiant Air sees signs of life in some domestic leisure markets where government restrictions have been relaxed, although the timeline to recovery in other key destinations remains unclear.
South Korean carrier Asiana is planning to reopen several international routes in June, one of a handful of airlines beginning to restore networks cut back due to COVID-19.
Severely burnt by fuel hedging losses and the collapse in demand from COVID-19, Singapore Airlines (SIA) posted a net loss of S$212 million ($148 million) for its fiscal year ending March 31, the first in its history.
Completion of what will become Cambodia’s largest airport, the new Siem Reap International Airport, is on track for 2023 despite COVID-19 hitting the country’s air travel industry hard.
Welcome to Routes’ look at how the Asia-Pacific aviation market is responding to the COVID-19 coronavirus pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
SINGAPORE—Malaysia’s primary airport operator, Malaysia Airport Holdings Berhad (MAHB), has released its April operating statistics that reveal a 98.4% year-on-year (YOY) decline in passenger traffic across the whole country.
Data from airports body ACI Europe shows a 98.6% drop in April passenger numbers because of COVID-19, with director general Olivier Jankovec warning of “irreversible damage” should the situation continue.
Asia Aviation (AAV), parent company of Thai AirAsia, has posted a THB671 million ($21 million) first quarter (Q1) net loss as COVID-19 felled Thailand tourist arrivals by 38%.
