U.S.-based lessor Aircastle has posed a $34.2 million 2020 first quarter (Q1) net loss, driven by $34.8 million in costs related to its acquisition by Japanese investor Marubeni Corp. and Mizuho Leasing, which closed in March.
Delta Air Lines will remove its Boeing 777s by year-end, further streamlining its fleet and bracing for a long recovery for long-haul passenger demand amid the COVID-19 pandemic.
The Russian government has provided RUB23.4 billion ($316.5 million) in subsidies to local airlines to cover COVID-19 losses, the country’s Federal Air Transport Agency Rosaviatsiya said May 14.
Allegiant Air sees signs of life in some domestic leisure markets where government restrictions have been relaxed, although the timeline to recovery in other key destinations remains unclear.
South Korean carrier Asiana is planning to reopen several international routes in June, one of a handful of airlines beginning to restore networks cut back due to COVID-19.
Severely burnt by fuel hedging losses and the collapse in demand from COVID-19, Singapore Airlines (SIA) posted a net loss of S$212 million ($148 million) for its fiscal year ending March 31, the first in its history.
Welcome to Routes’ look at how the Asia-Pacific aviation market is responding to the COVID-19 coronavirus pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
Data from airports body ACI Europe shows a 98.6% drop in April passenger numbers because of COVID-19, with director general Olivier Jankovec warning of “irreversible damage” should the situation continue.
Asia Aviation (AAV), parent company of Thai AirAsia, has posted a THB671 million ($21 million) first quarter (Q1) net loss as COVID-19 felled Thailand tourist arrivals by 38%.
The Australian Competition & Consumer Commission (ACCC) has given oneworld alliance members British Airways (BA) and Qatar Airways the green light to coordinate their services on a number of routes between Australia, Europe and the UK.
Europe’s airlines are criticizing European Commission (EC) guidelines for restarting transport and tourism in the region, calling recommendations on passenger compensation and vouchers “disappointing and confusing.”
Plans by Spain and the UK to impose lengthy quarantine periods for all arriving international air passengers will further damage the aviation sector, according to the body representing more than 50 of Europe’s regional carriers.
Australian carrier Regional Express Holdings (Rex) is considering dramatically expanding its operation to compete on Australia’s lucrative East Coast domestic trunk routes.
German leisure airline owner TUI Group has warned that up to 8,000 jobs could be lost as the tourism giant looks to cut costs by 30% in response to COVID-19.
The European Commission has recommended air passengers wear face masks in airports and on board aircraft but stopped short of calling for middle seats to be left empty in guidelines aimed at helping the region’s air transport sector resume operations.
FRANKFURT—IATA is in “strong opposition” to new quarantine measure for incoming passengers, its director general and CEO Alexandre de Juniac said May 13.
Korean Air has decided on a substantial issue of new shares as part of its efforts to raise KRW2.2 trillion ($1.8 billion) in funds to boost liquidity during the COVID-19 crisis.
Cathay Pacific shareholder Qatar Airways is willing to invest more in the Hong Kong airline, which is currently working on a restructuring plan to survive the COVID-19 crisis.
Welcome to Routes’ weekly look at how Europe's aviation market is responding to the COVID-19 coronavirus pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
