Dutch airline KLM said it would cut 4,500-5,000 jobs as it embarks on a post-COVID-19 road to recovery that is set to be “long and fraught with uncertainty.”
Thailand’s Nok Air has become the latest airline to seek a restructuring through the courts after succumbing to the financial pressures caused by the COVID-19 pandemic.
Air France-KLM, pledging to step up its restructuring plans as it unveiled a massive quarterly loss caused by the COVID-19 crisis, said it expects capacity to remain at least 20% below 2019 levels in 2021, with a recovery to pre-crisis capacity by 2024.
A senior United Airlines executive said up to a third of the company’s pilots may be furloughed this fall, as carriers increasingly warn of the need to cut labor costs following the expiration of federal payroll support on Sept. 30.
Allegiant Air will furlough 275 pilots in October, after posting a $95 million net loss in the 2020 second quarter (Q2), despite outperforming its peers on a host of key metrics.
As part of its efforts to preserve cash, Singapore Airlines (SIA) will be expanding its pay cuts to all employees, ranging from 10% to 35% depending on seniority.
Irish lessors AerCap and Avolon have both released second quarter (Q2) 2020 financial results that reveal the initial impact of the COVID-19 crisis on their balance sheets.
Emirates Airline has notified its passengers that all travelers arriving in Dubai or transiting at its Dubai (DXB) hub must have a negative COVID-19 PCR test certificate, starting from Aug. 1.
Privately owned African startup Sky Mali, having secured its air operator’s certificate (AOC), is planning to launch flights to four domestic destinations.
Wizz Air CEO József Váradi is looking to accelerate aircraft deliveries and is considering new orders, viewing the post-COVID downturn as a unique opportunity to buck the market.
A majority of lawmakers in the U.S. House signed a letter urging leaders from both chambers of Congress to extend the Payroll Support Program (PSP) through March 2021, arguing that failure to do so will lead to hundreds of thousands of job losses across the airline industry this fall.
Cathay Pacific has confirmed it will transfer a third of its passenger aircraft to storage locations outside Hong Kong in line with “prudent operational and asset management considerations.”
All Nippon Airways’ (ANA) significant cost-cutting efforts have been dwarfed by the massive revenue loss caused by the COVID-19 crisis, resulting in heavy net losses for the June quarter.
Alitalia said it would increase international flights as it looks to increase traffic following the COVID-19 shutdown, with its medium- and long-haul capacity set to grow by 7% in September and 29% in October compared to August levels.
The rebound in domestic travel in Japan has been one of the most impressive in the Asia-Pacific region, and the government is taking steps to try and keep the momentum going.
While Hawaiian Airlines is raising financing to ensure its survival in the short-term, it is also looking further ahead at what changes will be needed to adjust to the long-term industry outlook.
JetBlue has tapped Pratt & Whitney to maintain its newer IAE V2500 engines under a 13-year, fixed-price agreement, the last maintenance-related piece in a series of sweeping cost-reduction moves.
One of the main unions representing British Airways (BA) cabin crew has said it is “moving towards industrial action with immediate effect” as the airline continues with plans to cut its workforce.
