Welcome to Routes’ look at how the Latin America 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.
Indonesian authorities have prohibited domestic air travel from April 24 to June 1, representing a major change for a market that has so far been less affected by coronavirus-related flight suspensions than many other countries.
Southwest Airlines chairman and CEO Gary Kelly pledged the company would “exhaust all other efforts” before shrinking its workforce but cautioned such reductions may eventually be needed amid the extensive downturn caused by the COVID-19 pandemic.
Air France-KLM’s CEO Ben Smith said he would forego his 2020 bonus and promised to speed up restructuring as the airline group moved closer to securing a multi-billion-euro state-guaranteed loan from France.
Lufthansa Group said April 23 that it needs financial assistance by its home countries to be able to survive as it cannot get sufficient access to additional liquidity in financial markets.
Delta Air Lines is looking to Wall Street for $3 billion in additional financing, in an attempt to bolster its cash reserves while revenues remain badly depressed by the COVID-19 pandemic.
While Russia’s passenger air traffic has almost ground to a halt because of travel restrictions, the country’s largest cargo carrier Volga-Dnepr Airlines is operating at capacity to help combat COVID-19 at home and abroad.
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.
Estonia’s Nordic Aviation Group (NAG) is considering its options for subsidiary Regional Jet after co-owner LOT Polish Airlines refused to participate in a much-needed capital increase.
After missing a March 6 deadline to submit its proposal for an MRO joint venture with Thai Airways at U-Tapao Airport, Airbus has also failed to meet the new deadline of April 20.
Senior and mid-ranking Qatar Airways staff are being asked to forego 50% of their salaries over coming months, with the promise that the deferred portion will be paid to them as soon as the airline is in a position to do so.
Air France-KLM is in advanced negotiations with the French and Dutch governments for state and state-backed loans that would enable the group to face the expected liquidity requirement in the third quarter of this year, according to group executives.
German regional carrier Luftfahrtgesellschaft Walter (LGW) filed for self-administered insolvency April 22 after it lost its only wet-lease contract with Lufthansa subsidiary Eurowings.
Wizz Air expects to enter new markets in Europe and increase the scale of its planned Abu Dhabi venture once travel restrictions imposed by the COVID-19 crisis have been eased, the Hungarian airline’s founder and CEO József Váradi has said.
Indian Ocean-based Air Mauritius has been placed into administration as travel restrictions and border closures in all its markets have led to a complete erosion of the company’s revenue base.
Lufthansa subsidiary Austrian Airlines plans to reduce its fleet by 20 aircraft, or 25%, from 80 aircraft as a result of travel restrictions caused by the COVID-19 pandemic.