Aircraft utilization at Flexjet has doubled in the past three weeks, while leads from potential clients are “off the charts,” as the fractional provider operates during the novel coronavirus pandemic, Flexjet CEO Mike Silvestro said on a Jefferies Equity Research webinar June 2.
Lufthansa subsidiaries Austrian Airlines and SWISS International Air Lines (SWISS) have both suffered substantial losses for the 2020 first quarter (Q1) following the outbreak of COVID-19.
Wizz Air reported an underlying net profit of €344.8 million ($385 million) for its fiscal 2020 which ended March 31, slightly behind its forecast of €350-355 million.
A pair of Cowen & Co. analysts predicted U.S. airlines will shrink their pilot workforces by 20%, a target they said could largely be achieved through voluntary measures alone.
Indonesia’s largest low-cost airline Lion Air will suspend all flights from June 5 citing poor passenger carriage as travelers struggle to fulfil the strict requirements needed to fly after movement control restrictions were lifted.
U.S. airlines have regained access to the international Chinese market in a revision of regulations that China issued a day after its own access to the U.S. market was threatened.
Privately owned South African carrier Comair, which operates LCC kulula.com and franchise flights for British Airways (BA), is in talks with six potential investors while eyeing a domestic relaunch by Nov. 1 with a downsized fleet.
More European airlines have confirmed plans to expand their flight schedules in June and July, gradually piecing back together networks that have been shattered by the COVID-19 pandemic.