Mexican ULCC Volaris successfully trimmed its losses in the 2020 third quarter (Q3), boosted by a rapid capacity restoration and the weakened financial state of its top rivals.
Southeast Asia’s airline industry is being shaken up by a wave of restructuring programs prompted by the COVID-19 crisis, with most of the region’s flag-carriers looking to downsize to survive.
Malaysia Airports has sued AirAsia X for MYR78.2 million ($19 million) in overdue charges, which comes as the long-haul LCC embarks on a MYR63.5 billion debt restructuring.
American Airlines and oneworld alliance partner International Airlines Group (IAG) are pushing for the creation of a travel corridor between the U.S. and the UK to speed the return of lucrative transatlantic flights.
Qantas is expecting its domestic capacity to ramp up significantly as more Australian state borders reopen, but the recovery is still slower than the airline had projected.
Alaska Air Group continues to bemoan the unattractive economics of its Airbus A320 family fleet, but the process of ridding itself of those airliners could take up to three years.
Decades ago, China began letting private investment into what had been 100% state enterprises. The usual approach, however, was for the state to share ownership of subsidiaries with outsiders while keeping full ownership at the group level.
American Airlines has reached an agreement with Boeing to defer delivery of up to 18 737 MAX airliners over the next two years, in a bid to further rein in spending following its third consecutive quarterly loss in 2020.
Lufthansa Cargo will continue to flexibly manage its freighter fleet of Boeing 777Fs and MD-11Fs in the coming months as belly capacity on passenger long-haul routes is curtailed by fewer flights amid the COVID-19 pandemic.
Hawaiian Airlines is resuming U.S. East Coast flying in December, reinstating the two farthest regularly scheduled domestic passenger routes in the world.
Icelandair plans to reduce seat capacity for summer 2021 by around 25-30% compared to the same season in 2019 as the flag-carrier expects the impact of the COVID-19 pandemic will still be significant.
The crippling “second wave” of COVID-19 infections spreading across the globe has forced International Airlines Group (IAG) to make yet more cuts in its winter timetables.
Air Astana will reduce its scheduled services to some international destinations during the autumn-winter season, as point-to-point international leisure travel is showing signs of a speedier recovery.
The chairman of the U.S. House subcommittee overseeing the U.S. government’s response to the COVID-19 pandemic called on four cargo carriers to repay more than $600 million in federal payroll support, arguing the funds were not needed in light of the cargo sector’s resiliency during the crisis.
IATA has significantly downgraded its estimates for 2020 passenger traffic for both Africa and the Middle East, as the second wave of the COVID-19 pandemic and governments’ reactions to it continue to stifle any revival.
