Air Transport

Mexican ULCC Volaris is bracing for significant delays in Airbus deliveries for 2021 and has already baked in potential delays into its 2020 capacity forecast.

Avianca executives are confident that the carrier’s financial performance will trend toward profitability this year, following a challenging 2019 that saw the Bogota-based airline realize a net loss of close to $900 million.

Finnair issued a profit warning Feb. 28 and withdrew its previous capacity guidance of 4% growth for 2020, as it adjusts network capacity over the next several months to better fit demand related to the COVID-19 outbreak.

The South African government is planning a new cash infusion to try to put financially troubled South African Airways (SAA) on a sound footing.

UK LCC easyJet is taking steps to cut back on discretionary costs in a bid to offset the expected impact of the COVID-19 virus on operations as demand slows.

AEROFLOT took delivery of its first A350-900 (383); it has ordered 22. It also has 107 A320 Family aircraft and 19 A330s.

AIRASIA X lost MYR489.5m in 2019 (vs MYR301.5m loss in 2018) on 14% lower revenues; enplanements rose 8%.

AIRASIA GROUP lost MYR286m in 2019 (vs MYR2b net profit in 2018) on 17% higher revenues; enplanements rose 16%.

VISTARA, India took delivery of its first GEnx-powered 787-9 (66526); it has five more on order with second now in assembly.

INTL AIRLINES GROUP (IAG) earned €2.6b for 2019 (vs €3.7b in 2018) on 5.1% higher revenues and says given the ongoing uncertainty on potential impact

VUELING earned €240m in 2019 (vs €200m in 2018) on 5% higher revenues.

IBERIA earned €497m in 2019 (vs €437m in 2018) on 9.2% higher revenues.

AER LINGUS earned €276m in 2019 (vs €305m in 2018) on 5.8% higher revenues.

BRITISH AIRWAYS earned €1.5b in 2019 (vs €2.7b in 2018) on 2.5% higher revenues.

FINNAIR has revised down it financial outlook for 2020 due to Coronavirus outbreak and now estimates that results in both 1Q20 and 2Q20 will be

AVATION, Singapore had US$38.2m net income on US$68m revenues in 2H19 vs $13.6m on $59m in 2H18; it has 49 aircraft.

AVIANCA had US$894m net loss in 2019 (vs US$1.1m net profit in 2018) on 12.3% higher revenues; it has 171 aircraft.

Korean Air is requiring all passengers boarding U.S. flights at Incheon Airport to undergo temperature checks, either with thermal imaging cameras or handheld thermometers.

American Airlines plans to add a widebody maintenance hangar at its Tulsa, Oklahoma, Tech Ops center as part of a $550 million investment.

Rolls-Royce has reported losses of £852 million ($1.1 billion) as the company continues to tackle issues around the Trent 1000 engine.

Eurocontrol said Aireon data will help the agency improve predictability, capacity and environmental impacts while supporting sustainable air traffic growth throughout the European region.

IAG cut its growth target from around 3% to 2% and may end up below that figure should the crisis worsen, according to CEO Willie Walsh.

The fallout from COVID-19 coronavirus is set to complicate the long-haul LCC's financial situation after losses widened in fiscal 2019.

Kenya Airways yesterday confirmed it has appointed Allan Kilavuka as chief executive of the airline.

EgyptAir’s fourth A320 Neo aircraft arrived today at Cairo International Airport from 15 aircrafts the company has contracted for, from Airbus factory in Toulouse, France, in cooperation with Aercap.