Airlines & Lessors

By Jens Flottau
The aircraft leasing industry has been booming over many years, but now has too many players in the market to sustain good lease rates.
Airlines & Lessors

By Ben Goldstein
United Airlines became the first North American carrier to reduce service to Japan and Singapore on Feb. 28, reflecting intensified concerns about the spread of COVID-19 beyond China.
Airlines & Lessors

By Kurt Hofmann
Lufthansa will further reduce capacity to contain the financial damage incurred by the continuing COVID-19 coronavirus outbreak.
Airlines & Lessors

Lori Ranson
Mexican ULCC Volaris is bracing for significant delays in Airbus deliveries for 2021 and has already baked in potential delays into its 2020 capacity forecast.
Airlines & Lessors

By Ben Goldstein
Avianca executives are confident that the carrier’s financial performance will trend toward profitability this year, following a challenging 2019 that saw the Bogota-based airline realize a net loss of close to $900 million.
Airlines & Lessors

By Kurt Hofmann
Finnair issued a profit warning Feb. 28 and withdrew its previous capacity guidance of 4% growth for 2020, as it adjusts network capacity over the next several months to better fit demand related to the COVID-19 outbreak.
Airlines & Lessors

By Alan Dron
The South African government is planning a new cash infusion to try to put financially troubled South African Airways (SAA) on a sound footing.
Airlines & Lessors

By Kurt Hofmann
UK LCC easyJet is taking steps to cut back on discretionary costs in a bid to offset the expected impact of the COVID-19 virus on operations as demand slows.
Airlines & Lessors

By Adrian Schofield
Korean Air is requiring all passengers boarding U.S. flights at Incheon Airport to undergo temperature checks, either with thermal imaging cameras or handheld thermometers.
Airports & Networks

By Jens Flottau
IAG cut its growth target from around 3% to 2% and may end up below that figure should the crisis worsen, according to CEO Willie Walsh.
Airlines & Lessors

By Chen Chuanren
The fallout from COVID-19 coronavirus is set to complicate the long-haul LCC's financial situation after losses widened in fiscal 2019.
Airlines & Lessors

By Helen Massy-Beresford
Air France and KLM are taking steps to cut back on discretionary costs in a bid to offset the expected impact of the COVID-19 virus on their operations.
Airlines & Lessors

By Alan Dron
Air transport across the Middle East received another coronavirus-related blow Feb. 27 when Saudi Arabia imposed a ban on all foreign pilgrims from entering the country.
Airlines & Lessors

By Kurt Hofmann
Former Ryanair chief commercial officer David O’Brien has been named joint CEO of Laudamotion, and will work alongside CEO Andreas Gruber, effective Apr. 1.
Airlines & Lessors

By Chen Chuanren
AirAsia Group recorded a MYR286 million loss for fiscal 2019 ending Dec. 31, dragged down by its Indian subsidiary and a host of other costs.
Airlines & Lessors

By Chen Chuanren
Garuda Indonesia has set aside its turnaround plans and gone into survival mode to weather the fallout from COVID-19.
Airlines & Lessors

By Adrian Schofield
Grappling with sliding profits and slowing demand due to the COVID-19 coronavirus outbreak, Air New Zealand will now take delivery of a number of aircraft later than planned.
Airlines & Lessors

By Ben Goldstein
Spirit Airlines’ newly announced expansion from Austin, Texas is a “natural fit” to the carrier’s 2020 route strategy of connecting existing points within its network, VP-network strategy John Kirby said in an interview.
Airlines & Lessors

By Victoria Moores
Shifts in exchange rates and accounting standards doubled Scandinavian Airlines’ (SAS) fiscal first quarter (Q1) net loss, but the airline has secured a labor agreement for a new operating platform and is maintaining its guidance after minimal impact from the COVID-19 outbreak.
Airlines & Lessors

By Ben Goldstein
Delta Air Lines became the first North American carrier to announce service reductions to South Korea on Feb. 26, citing plummeting demand caused by the largest outbreak of COVID-19 outside of China.
Airlines & Lessors

By Adrian Schofield
Air New Zealand has developed a bunk-like sleeping pod product for economy class passengers that the carrier is considering introducing on long-haul flights.
Airlines & Lessors

By Adrian Schofield
Virgin Australia plans to reduce capacity by accelerating the retirement of the last of its Airbus A320s operated by LCC subsidiary Tigerair.
Airlines & Lessors

By Jens Flottau
Lufthansa launched a major cost-cutting program to contain the financial damage incurred by the COVID-19 coronavirus outbreak.
Airlines & Lessors

By Victoria Moores
Moldovan startup HiSky is planning to launch operations Apr. 10, operating 180-seat Airbus A320s to six European destinations from capital city Chisinau.
Airlines & Lessors

By Chen Chuanren
Thai AirAsia (TAA) ended 2019 with a total net loss after tax of THB871 million ($29 million) despite an increase in passengers and 3% revenue growth.
Airlines & Lessors