Taiwan’s Ministry of Transportation and Communications has put aside NT$4.2 billion ($140 million) to help its aviation industry should the COVID-19 outbreak gets worse, according to the Taipei Times.
JetBlue Airways CEO Robin Hayes touted the company’s recent signing of a credit facility priced according to environmental targets, calling it “the first of its type in our industry.”
Southwest Airlines pilots will go through simulator sessions as part of their preparation to fly the Boeing 737 MAX when the model is cleared to return, CEO Gary Kelly confirmed Mar. 5.
El Al Israel Airlines has cut 1,000 jobs and implemented other drastic cost-cutting measures in response to the Israeli government’s new entry regulations to counteract the ongoing COVID-19 virus outbreak.
Etihad Airways has narrowed its full-year net losses as the carrier continues to improve its operating performance through the transformation program it began in 2017.
The Chinese government said it will pay subsidies to support international air connections, as local airlines planned further restoration in domestic capacity.
Southwest Airlines is projecting a $200-300 million first-quarter operating-revenue shortfall due to a sudden dip in bookings that the airline is linking to COVID-19.
As air transport demand continues to drop as COVID-19 coronavirus infections have begun to cluster beyond the Asia-Pacific region, IATA has widened its estimates on revenue losses for the airline industry.
Hong Kong-based China Aircraft Leasing Group (CALC) announced Mar. 5 that it will indirectly acquire a 35.68% equity interest in Indonesian regional airline TransNusa.
United Airlines became the first U.S. airline to cut domestic capacity as a result of the COVID-19 outbreak, signaling that domestic demand in the North American market is showing signs of pressure from the spreading novel coronavirus.
LCC flydubai faced “an abrupt interruption” to both its growth and fleet strategy in 2019 as it weathered the effects of the Boeing 737 MAX grounding, the airline said as it published its annual results Mar. 4.
African airlines need support from their respective national governments and must also come together to face the problems confronting the airline industry on the continent, Ethiopian Airlines CEO Tewolde Gebremariam said Mar. 4.
UK long-haul specialist Virgin Atlantic is seeking to defer staff salary increases and is cutting the pay of its senior executives as it braces for the increasing financial impact of the COVID-19 outbreak.
UK LCC EasyJet CEO Johan Lundgren expects to see more airline bankruptcies as carriers continue to deal with falling demand and cashflow as a result of the continuing COVID-19 outbreak.
Philippines Airlines’ (PAL) net losses reached a record PHP10.6 billion ($208 million) in 2019; the flag carrier’s issues have exacerbated in 2020 with the Taal Volcano eruptions and COVID-19 coronavirus outbreak.
European airlines were trying to reassure themselves Mar. 3 that the spread of COVID-19 and the demand slump they are currently experiencing will be short-lived and followed by a quick-recovery.
