Airlines, especially U.S. carriers, are going to have to tread a fine line in asking customers to accept vouchers for future travel instead of refunds on tickets bought before the global pandemic.
IATA is emphasizing the need for urgent action from African and Middle Eastern governments to provide financial relief to the regions’ airlines in the midst of the COVID-19 pandemic.
IATA is highlighting estimates of severe financial losses for Asia-Pacific airlines as it reiterates the urgency of government action to support the industry.
American Airlines will operate its fewest number of flights in May, reflecting a view that air travel demand will reach its lowest point over the next several weeks, when the COVID-19 pandemic is expected to peak in North America.
The parent company of Irish budget carrier Ryanair anticipates its fiscal 2020 profit figure will come in towards the low end of its previous guidance range.
Welcome to Routes’ look at how the North American 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.
The three largest unions representing U.S. airlines flight attendants called on U.S. Treasury Secretary Steven Mnuchin not to seek ownership stakes in carriers receiving federal grants, warning that doing so could lead to massive job losses if airlines decide to forego aid.
It will be “virtually impossible” for regional airlines to survive the COVID-19 crisis without government support, ExpressJet CEO Subodh Karnik has told Routes.
The pot of $25 billion in federal workforce grants being doled out to U.S. passenger carriers would provide them enough liquidity to ride out the COVID-19 crisis until year end, a team of Moody’s analysts have concluded.
After two consecutive lossmaking years, Garuda Indonesia achieved a profit of $6.5 million for 2019, reversing its $229 million loss a year prior; the airline did not provide an outlook for 2020.
The Turkish government has announced strict measures in an effort to curb the spread of the coronavirus in the country, banning all international flying from the end of March 27 until May 1.