Delta Air Lines CEO Ed Bastian said he expects the company to finally break even in March, nearly a year after the coronavirus pandemic devastated demand for air travel across North America in spring 2020.
Saudi Arabian Airlines (SAUDIA) has signed a major financing agreement worth SAR11.2 billion ($3 billion), the largest of its kind in Saudi Arabia’s aviation sector history.
Australia’s competition watchdog has dismissed claims by Regional Express (Rex) that Qantas’ entry into thin regional domestic routes is anti-competitive.
International Airlines Group (IAG) plans to issue two series of senior unsecured bonds as it seeks to bolster its financial position in the continuing coronavirus pandemic.
Qatar Airways Cargo wants to speed up the digitalization of air cargo in 2021, saying that the industry has taken too long to improve its way of doing business.
The board of China Airlines has promoted senior VP Kao Shing-Hwang to president, replacing Hsieh Su-Chien who has been double-hatting as chairman and president since April 2019.
AirAsia Group has raised MYR336.5 million ($82 million) following the completion of a two-tiered private share placement, part of a broader plan to raise MYR2-2.5 billion to save the struggling LCC operator which has been battered by the pandemic.
The European Commission (EC) has approved a state loan to another European flag-carrier as a result of the coronavirus pandemic wreaking havoc on airline finances.
A year after the coronavirus pandemic forced airlines to shut down much of their operations, governments have pumped $215 billion in financial support into the sector, according to IATA.
U.S. airlines are seeing an elongation of the booking curve, a sign that air travel may finally be starting to return to something resembling normalcy.
LATAM Airlines Group aims to exit Chapter 11 bankruptcy by the end of 2021 and believes its restructuring process will improve the company’s competitive position going forward, particularly in key markets such as Colombia.
Privately owned Nigerian carrier Azman Air has suspended operations pending a safety audit, just as it was about to introduce its first Airbus A340-600.
Etihad Airways was three years into a major transformation program when the coronavirus pandemic took hold. The Abu Dhabi-based carrier is transitioning from its previous management’s policy of rapid expansion and equity partnerships with other airlines.
