Japan Airlines (JAL) now expects to record a net loss of ¥300 billion ($2.9 billion) for 2020 after its hopes for traffic recovery in the current quarter were dashed by a resurgence of COVID-19 cases in the country.
Creditors of HNA Group, parent of multiple Chinese airlines including the country’s largest private carrier Hainan Airlines, filed an application to a Chinese court to place the company in bankruptcy Jan. 29.
IndiGo increased its fleet by five aircraft in the last three months of 2020 and is now aiming to scale up capacity to 75-80% of 2020’s flying during the current quarter.