All Nippon Airways (ANA) has downgraded its financial outlook for fiscal 2021, as improvements in the second half of the year will not be enough to offset a weaker first half.
Philippine Airlines (PAL) owner Lucio Tan is injecting $505 million in fresh capital and debt financing into the airline as the flag carrier lays out plans to become profitable in 2022.
Turkish Airlines has decided to increase the crew wages of its cockpit personnel by 25% and the pay of its remaining domestic staff by 20%, based on current wages, effective Oct. 1, 2021.
China Express Airline’s profit streak ended in the 2021 third quarter (Q3) as two safety incidents dragged down the airline’s operating numbers, compounded by the outbreak of COVID-19 cases in key cities.
Air France-KLM is expecting its 2021 fourth-quarter (Q4) capacity to reach as much as three-quarters of 2019 levels and has posted a much lower net loss for the September quarter as the recovery in air travel demand continues.
Spirit Airlines has pushed out some recovery targets as it works to prevent operational meltdowns similar to the massive disruptions that cost the ULCC $50 million in the third quarter.
Colombia’s Avianca plans to make its Boeing 787s the only widebody passenger aircraft in its fleet, simplifying long-haul operations within the Americas and Europe.
Italy’s Blue Panorama Airlines, which operated as Luke Air, suspended operations on Oct. 28 due to financial problems related to the COVID-19 pandemic.
Norwegian Air Shuttle said passenger demand is returning and forward bookings are positive, meaning it expects to have a peak of 50 aircraft in operation by the end of 2021 and 70 in 2022.
Environmental lobby group Greenpeace has called on the EU to ban short-haul flights in favor of rail substitutes, citing new research performed by OBC Transeuropa (OBCT).
The UK government plans to halve Air Passenger Duty (APD) on domestic flights but levy more tax on ultra-long-haul flights, drawing an angry response from industry stakeholders.
The airline says the alliance with American Airlines enables it to grow in the capacity-constrained New York market well beyond what it otherwise could.
Hawaiian Airlines is expecting a strong rebound in international traffic next year, which would allow it to fully restore its systemwide capacity and add new aircraft to the fleet.