A team of credit analysts from Moody’s is downbeat about the airline industry’s prospects in 2021, predicting in a new report that carriers around the world will continue to face operating losses well into 2022.

The recent warnings by two major U.S. airlines that booking momentum for the upcoming holiday season is slowing gives credence to the industry’s conclusions that the recovery from the COVID-19 pandemic will be choppy, and highly unpredictable. 

The most effective way for airlines to cut emissions in the short term is to invest in more efficient new aircraft, though extra taxation of the sector threatens that, Air France-KLM Group CEO Ben Smith said.  

The air transport industry will need $70-80 billion in additional state aid to avoid further failures as it attempts to recover from the COVID-19 crisis, IATA director general and CEO Alexandre de Juniac said. 

AirAsia X has recorded more steep losses, as the airline continues to seek agreements to gain the funding and debt relief the carrier needs to survive.

Emirates Airline will expand service to the UK over the coming weeks following the establishment of an air corridor between the UK and the United Arab Emirates (UAE).

London remains JetBlue Airways’ number one priority but other markets in Europe are under consideration as the U.S. carrier pushes ahead with its transatlantic expansion strategy, according to CEO Robin Hayes.

The FAA’s sign-off on what operators must do to get their Boeing 737 MAXs back in service puts Southwest Airlines on a time line to have at least…