The Spanish flag-carrier's four-year plan will first focus on emerging from the COVID-19 crisis, followed by longer-term efforts to return to the ranks of the world’s leading airlines.
UK Prime Minister Boris Johnson has announced plans to create a “Global Pandemic Radar” in partnership with the World Health Organization (WHO) to track emerging diseases and avert a repeat of the COVID-19 crisis.
Attestor is investing €200 million ($244 million) in a 51% stake of the carrier and said it will provide funding for the much-needed renewal of the airline’s aging widebody fleet.
With all carriers competing for the same chunk of U.S. domestic leisure travelers in the wake of the COVID-19 pandemic, this summer season could be shaping up into a running battle for market share between ULCCs, traditional LCCs and the large legacy carriers.
The airline is forecasting a better than expected cash generation performance in the second quarter as sales for its major markets continue to improve.
Should the LAX-Christchurch route proceed as planned, American will become the only carrier to fly nonstop from the U.S. to New Zealand’s South Island.
While UK LCC easyJet is preparing to increase capacity from June onwards, flying will remain at around 15% of 2019 levels for the airline’s fiscal 2021 third quarter (Q3).
The carrier intends to introduce five new domestic routes and increase frequencies on existing services by October, which will mean another 700 weekly flights in total.
Singapore Airlines (SIA) is expecting its fiscal 2021/2022 financials to improve from a record loss as the flag carrier stabilizes its monthly cash burn to around S$100-150 million ($75-$113 million).
Qantas predicts its domestic capacity will exceed pre-pandemic levels for the fiscal year beginning July 1, and the growth it has been seeing in this sector is driving improvements in some financial measures.
For airlines hoping for a return to previous demand levels after the devastating effects of the COVID-19 crisis, yet more change may seem like the last thing they need.
LATAM Airlines Group has exercised four 767-300 freighter conversion options with Boeing and added two more to its conversion plans, further bolstering its ambitious cargo fleet expansion strategy.
As Avianca works to exit Chapter 11 by year-end, it could face new competition on some of its key regional international routes, as well as from a new ULCC in the Colombian domestic market.
The successful start to Greens candidate Annalena Baerbock’s campaign is considered a threat by incumbents and is already triggering debates, including on aviation policy.
