Philippine Airlines (PAL) has announced cost-control strategies after recording a PHP9.4 billion ($184 million) loss for the first quarter (Q1) of 2020.
Icelandair Group’s 2020 second quarter (Q2) operations were significantly affected by the COVID-19 pandemic, which included sweeping travel bans and a massive decrease in demand.
A sudden reversal in incrementally positive demand trends will force Southwest Airlines to scale back its 2020 capacity plans, but executives are confident that the headwinds will not force it to cut staff beyond what voluntary programs will accomplish.
Spirit Airlines reached an agreement with Airbus to defer delivery of a host of A320neos, in a bid to preserve cash amid the industry downturn caused by the COVID-19 pandemic.
Alaska Air Group sees its consolidated airline operations being 65% the size of year-earlier figures by October and ramping up to 80% of comparable 2019 levels by the summer of 2021, company executives said.
The Belgian government has provisionally agreed to grant Brussels Airlines a €290 million ($335 million) rescue loan, using Lufthansa Group’s shares in the Brussels-based airline as a loan guarantee.
American Airlines is using the air travel downturn as an opportunity to expand into the U.S. northeast and west coast markets where the carrier has struggled for years to compete against Delta Air Lines and United Airlines.
Citing the effects of the COVID-19 crisis on its business, Danish charter and wet-lease operator Jet Time is filing for bankruptcy but will resume operations in 2021-2022 under a new company name: “Jettime.”
The announcement that four U.S. and European airline groups are calling for a common COVID-19 testing program that would allow them to restore more of their transatlantic networks highlights the importance of this sector to carriers on both sides of the Atlantic.
Aegean Airlines has disclosed that although its Airbus A320/321neo order remains unchanged, it is seeking some “adjustments and flexibility” as management tries to shield the business from the COVID-19 crisis.
British Airways’ (BA) will vote on a proposed labor deal that includes around 270 compulsory redundancies, 20% pay cuts and a holding pool of retained pilots.
Singapore Airlines (SIA) has secured another S$750 million ($541 million) in funding, taking the total liquidity it has raised since April 1 to S$11 billion.
Executives at United Airlines predict the slow recovery in air travel demand will reach a ceiling of around half of 2019 levels, at which point they expect traffic to remain broadly static until a vaccine for COVID-19 becomes widely available.
Qatar Airways Group has launched legal action against the four neighboring states that have halted airline movements between them and Qatar for more than three years.
The Malaysian Ministry of Transport is estimating its air transport industry will record a MYR13 billion ($3 billion) loss for 2020 following travel restrictions and a drop-off in demand caused by the COVID-19 outbreak.
