Norwegian has posted a NOK23 billion ($2.7 billion) net loss for 2020, with bankruptcy or liquidation “highly likely” in the 2021 second quarter if several conditions are not met.
The number of flights operated by U.S. carriers declined to the lowest level on record in 2020, new data from the Bureau of Transportation Statistics (BTS) shows, reflecting the devastating impact of the COVID-19 pandemic on demand for air travel.
Lufthansa Aviation Training (LAT), long considered the gold standard in commercial flight academies, is being remodeled to a campus structure so it can be more flexible and competitive in a changed market.
For those in the air transport industry hoping that 2021would see the turning point from devastating cash burn to the beginnings of recovery—and that’s just about everyone in the industry—the first quarter has quickly dashed those hopes.
Czech charter carrier Smartwings has performed its first commercial Boeing 737 MAX flight in 23 months, operating a return debut service between Prague and Málaga, Spain on Feb. 25.
An alliance between Qantas and American Airlines that allows the carriers to cooperate on transpacific routes is set to be extended for a further five years.
German leisure carrier Condor has signed an agreement with DHL Express to operate four Boeing 767-300ER for the logistics giant, which is looking to meet higher customer demand for international express shipping.
International Airlines Group (IAG) has seen growing revenue contributions from its long-haul business since July 2020 with the segment now contributing the majority of passenger revenues.
The airline industry in 2021 industry will, at best, be half the size it was in 2019. Yet the industry is betting the house on a substantial recovery in the 2021 second and third quarters. What's Plan B?
Scandinavian Airlines (SAS) is hopeful the COVID-19 vaccine rollout will lead to an ease in travel restrictions and an increase in travel demand as summer approaches.
Despite the Southeast Asian market being severely battered by the pandemic-related downturn, Boeing remains optimistic about the region’s long-term potential, predicting 1,590 new aircraft deliveries this decade.
Delta Air Lines and LATAM Airlines Group received final approval from the Brazilian Government to implement their planned joint venture (JV) between North America and Brazil.
EasyJet said it would raise €1.2 billion ($1.5 billion) from a bond issue, in a sign of optimism about the prospects for a recovery of the air transport sector over the coming months.
Tourism-dependent Thai Airways has reported a record loss of THB141 billion ($4.7 billion) for 2020 after the sector collapsed following COVID-19-related border closures.
Qantas expects to reopen almost all of its international routes by late October, although they will be operated by smaller widebodies as its Airbus A380s will remain parked.