Kurt Hofmann has been writing on the airline industry for 25 years. He appears frequently on Austrian, Swiss and German television and broadcasting channels to discuss issues affecting commercial aviation.
Most airlines canceled nearly all of their international flights following the outbreak of the coronavirus and have lost an enormous amount of revenue over the last few months.
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.
