Atlas Air posted a nearly $75 million net profit in the 2020 third quarter (Q3), boosted by continued strong demand for air cargo amid the COVID-19 pandemic.
UK LCC easyJet has raised a further $169.5 million liquidity from the sale-and-leaseback of 11 Airbus A320s and cut back its winter flying to just 20% of planned capacity.
Strong performance from Korean Air’s cargo operation helped the airline achieve an operating profit for the 2020 third quarter (Q3), although the airline still slipped to a net loss, attributable to the COVID-19 crisis.
Emirates Airline has offered some pilots unpaid leave of up to one year, as it seeks to slim its workforce in the teeth of the ongoing COVID-19 pandemic.
Although Canada’s border with the U.S. remains closed, and domestic quarantines remain intact in some areas, the new CEO of ULCC Flair Airlines remains bullish about the long-term opportunities for the ultra-low-cost model over the long term.
International demand will lag the pure U.S. domestic market’s recovery for years, creating a headwind for carriers that rely on international flow to boost their throughput and altering how they rebuild their networks, an analysis from the Swelbar-Zhong consultancy suggests.
Lessor Dubai Aerospace Enterprise (DAE) found new business in the teeth of the COVID-19 pandemic and pulled in more cash from lessees in the 2020 third quarter (Q3), the company said Nov. 4.
Lufthansa Group subsidiaries Swiss International Airlines (SWISS), Austrian Airlines and Brussels Airlines continue to implement measures to overcome the coronavirus pandemic.
Lufthansa anticipates that it can stop burning through cash at some point in 2021, provided demand recovers to at least 50% of 2019 levels in what would be a substantial recovery from current levels of activity.
Wizz Air said the winter season would be challenging but the carrier would be ready for a swift recovery when demand returns, after it posted a loss for the six months to September.
China Eastern Airlines signed major deals with CFM International and Honeywell on the Nov. 5 opening day of the China International Import Expo, both relating to its future Airbus A320neos.
Thai Airways has put a total of 34 aircraft up for sale, including all of its Boeing 747-400, 777-200 and 777-300, as the flag-carrier turns to more fuel-efficient aircraft for the handful of international flights it now operates.
Almost all of Cathay Pacific’s eligible pilots and cabin crew have accepted the revised contract terms that are a key part of the Hong Kong airline’s cost restructuring efforts.
Brazilian LCC GOL expects to operate 78% of its pre-pandemic fleet in the 2020 fourth quarter (Q4) as it works toward restoring its full domestic network by year-end.
Two new airline projects are in the making in South Africa, including Lift, which is backed by Kulula founder and former Comair joint CEO Gidon Novick.
