Cargo profits at China’s Juneyao Airlines quintupled during the first half (H1) of 2020, reflecting the carrier’s concentration on chartered cargo flights during the peak of the COVID-19 pandemic, when most passenger services were halted.
Qatar Airways, a five-star oneworld alliance airline, was among the first to operate all-cargo flights on passenger aircraft in the pandemic, as well as being among the first to restart routes and introduce additional hygiene measures on aircraft, including using ultraviolet cleaning and requiring face shields as well as masks.
The UK Civil Aviation Authority (CAA) has approved a request from Pakistan International Airlines (PIA) to reinstate flights to Birmingham (BHX) and Manchester (MAN) on board aircraft chartered from Hi Fly.
United Airlines is offering flight attendants the option to remain active employees while waiting for demand to return, in an effort to reduce the number of involuntary furloughs expected once CARES Act payroll support expires Oct. 1.
Icelandair has pushed back the time line for its planned ISK20-23 billion ($147–$169 million) share offering to September, as the carrier continues to finalize a state-backed credit facility and secure shareholder approval for the capital increase.
Ryanair plans to cut its flight capacity by 20% in September and October, citing waning forward bookings attributable to uncertainty over COVID-19 case rates in some EU countries.
UK LCC easyJet is to close three UK bases at London Southend, London Stansted and Newcastle after ending redundancy consultations with pilots’ union BALPA, triggering further potential redundancies at airports operator and ground handling provider Stobart Group.
International Airlines Group (IAG) has phased out the last of Iberia’s Airbus A340s and begun retiring British Airways’ (BA) entire Boeing 747-400 fleet, the group reported Aug. 17.
The Swedish National Debt Office has rejected Norwegian Air Shuttle’s loan-guarantee application, putting further pressure on the cash-strapped carrier, while Scandinavian Airlines (SAS) has separately secured EU approval for its state-backed refinancing plan.
Scandinavian Airlines (SAS) is aiming to complete its revised SEK14.25 billion ($1.64 billion) recapitalization by November, after providing fresh terms to appease commercial investors who balked at the company’s original proposal.
Ireland-based carrier CityJet is seeking new opportunities in the European regional market, following its exit last week from the country’s examinership process, the local equivalent of Chapter 11.
Japan’s two major airlines are continuing to trim down their domestic schedules as a second wave of COVID-19 cases dampens the country’s demand rebound.
UK LCC easyJet has raised £608 million ($796 million) from the sale and leaseback of 23 Airbus A320 family aircraft, increasing its fundraising total to over £2.4 billion since the COVID-19 crisis took hold.
The Singaporean government will support local airlines with another S$187 million ($136 million) in relief to tide over the aviation sector to March 2021 as the COVID-19 pandemic drags on.