A trade group representing leisure airlines and ULCCs said the U.S. Government’s proposed “continuation of service” obligation for carriers receiving federal aid unfairly discriminates against airlines with seasonal demand profiles.
The COVID-19 crisis shows that while it is good to have a globally diverse network, a strong domestic operation is a major advantage for carriers when a shock disrupts international traffic flows.
Lessor Dubai Aerospace Enterprise (DAE) has received 53 “rent deferral requests” from its customers, representing around 16% of the company’s annual revenue.
Japan Airlines (JAL) and All Nippon Airways (ANA) have made further cuts to their summer international schedules as demand continues to fall amid the COVID-19 pandemic.
When the text of the U.S. Government’s “stage-three” coronavirus stimulus effort was publicly released late last week, industry watchers were left scratching their heads over a vague provision requiring air carriers receiving aid to continue serving “all points” in their networks through Sept. 30.
The UK government has vowed to “work non-stop around the world” to keep air routes and critical transit hubs open so that British residents are able to return to the UK, foreign secretary Dominic Raab has said.
IATA is pushing for broad adoption of travel vouchers in place of requiring airlines to refund passengers when flights are canceled during the COVID-19 crisis.
British Airways (BA) has boosted its financial reserves by extending its U.S. dollar-secured revolving credit facility for one year from June 23, 2020 to June 23, 2021.
UK LCC easyJet has grounded its entire fleet in response to the COVID-19 pandemic, while Irish LCC Ryanair continues to operate just 10% of its aircraft.
Aeroflot LCC subsidiary Pobeda Airlines is suspending all flights from Apr. 1 until May 31, following the Russian government’s recommendation for the country’s resorts to halt operations to combat the spread of COVID-19.
Vietnam Airlines is cutting its domestic network to a handful of flights on trunk routes in response to tighter government restrictions in response to the COVID-19 pandemic.
Qantas pilots have voted to accept new contract conditions that would allow ultra-long-haul flying, although plans to order aircraft for such flights are on hold.
The proposed Air Canada-Air Transat merger would create too many monopoly markets with high barriers to entry for potential competitors, higher fares, and less choice, Canada’s Competition Bureau said, setting the stage for potential concessions from the companies if Transport Canada agrees with the conclusions.
