Airlines & Lessors

Korean Air is introducing new measures to reduce its costs and boost revenue to offset the sharp drop in demand caused by the COVID-19 pandemic.

Domestic airline activity in mainland China will rise strongly next week according to data from CAPA and OAG.

Virgin Australia Group plans to stand down 80% of its workforce as the carrier cuts almost all of its domestic flights.

Russia’s Aeroflot has announced more reductions to its international network as a result of the COVID-19 pandemic-induced decline in demand.

WestJet will cut its workforce by nearly 50%, with the vast majority of reductions coming via voluntary options offered by the airline.

Bogota-based Avianca announced it will temporarily cease all passenger flying, as a cascading series of travel restrictions across Latin America forces carriers to halt operations or scale back to skeletal levels.

LCC Norwegian has moved swiftly to access an initial tranche of state-backed aid, to enable it to negotiate the current financial crisis.

Japan’s two major airlines have both announced significant cuts to the start of their summer schedules to offset lower traffic resulting from the COVID-19 pandemic.

As travel demand falters, European airlines are continuing to cut flights, with Ryanair predicting its aircraft will remain grounded through May and Wizz Air temporarily closing its Vienna base.

IATA expects airlines globally to lose around $250 billion in revenues this year as a consequence of the coronavirus crisis and is asking governments to quickly intervene.

Flights from Wuhan Tianhe International Airport (WUH) will resume on Apr. 8 as China’s transport links with Hubei, the province where COVID-19 originated, are restored, airline flight scheduling shows.

The Hong Kong Airport Authority (AA) has announced a HK$1 billion ($129 million) package of financial aid for the aviation sector but Cathay Pacific says more is needed to help carriers hard-hit by the coronavirus crisis.

South African Airways (SAA) is suspending regional flights because of a lack of feed after halting intercontinental services following the government’s travel ban to contain the spread of the coronavirus.

As the coronavirus crisis intensifies, European and UK carriers are announcing further cuts to already diminished flight schedules, and Paris Orly

Transat A.T., parent company of Air Transat, has laid off about 70% of its workforce and confirmed that the airline’s temporary grounding will begin Apr. 2.

Australian carrier Regional Express Holdings (Rex) warns it will have to close down almost all of its domestic services unless state and federal governments provide more financial support.

Emirates Airline and Etihad Airways will suspend all passenger flights for 14 days beginning Mar. 25 following a United Arab Emirates (UAE) government directive aimed at containing the spread of COVID-19.

The Association of Asia Pacific Airlines (AAPA) director general Andrew Herdman is calling for financial assistance from governments to assist the aviation sector and says the crisis should not be used as an occasion to weed out weaker carriers.

Hawaiian Airlines plans to cut back its international and domestic networks in the wake of a state quarantine directive that will further deflate demand.

Following the closure of borders at home and abroad, Singapore Airlines (SIA) said it will cut 96% of its capacity until the end of April in what it described as the “greatest challenge” SIA group has ever faced.

The air cargo sector knows it needs to be more sustainable, and efforts are gaining ground.

Emirates decided to stop most of its passenger flights effective Mar. 25, as the novel coronavirus spread has dried up demand across its network.

IATA wants $200 billion of state aid for airlines to survive. Those that do will be in a very different industry, with fewer players.

Panama’s Copa Airlines will temporarily halt all operations from Mar. 22 through Apr. 21, the airline said Mar. 20, following the mandate by the

UK-based LCC easyJet said Mar. 20 that it will cut 90% of its capacity from Mar. 24 as COVID-19 pandemic-related lockdowns, travel restrictions and