Compared to the $84 billion airlines globally are projected by IATA to lose in 2020, Vietjet said its losses were “modest” as it awaits a potential aid package from the state.
Pratt & Whitney will retrench around 400 jobs—or 20%—of its 2,000 employees in Singapore as demand for engine-related MRO has disappeared amid the COVID-19 pandemic.
British Airways (BA) pilots have reluctantly accepted a new pay and conditions deal that will mitigate job losses at the cost of cuts to their salaries.
A group of 18 U.S. House Democrats led by the chairman of the Transportation Committee introduced a bill to mandate face coverings on airplanes and in airports, as debate continues over whether the federal government should issue new regulations or voluntary guidelines on masks.
United Airlines plans to operate 37% of its September schedule compared to 2019, resuming service on 30 international routes as well as adding service between the U.S. mainland and Hawaii, the carrier said July 31.
U.S. ULCCs capitalized on a modest rebound in domestic air travel demand during the 2020 second quarter (Q2), but sentiment has soured as top leisure destinations became COVID-19 hotspots in recent weeks.
Ireland-based lessor CDB Aviation has initiated delivery of three Airbus A320neos to new customer Frontier Airlines as part of a sale-and-leaseback transaction.
International Airlines Group (IAG) has confirmed plans for a capital increase of up to €2.75 billion ($3.2 billion) to bolster its cash reserves, as it announced a net loss of €3.8 billion for the first half of 2020.
Europe’s airline and airport associations have written to lawmakers across the continent warning that inconsistent COVID-19 travel restrictions are hampering consumer confidence.
Extensive home-country travel restrictions on top of downward pressure on air travel demand worldwide continues to constrict Air Canada, leaving the airline focusing on cargo revenues while it waits out the COVID-19 pandemic.
The European Business Aviation Association (EBAA) has reported growing demand from passengers who would ordinarily use airlines but are not willing to anymore because of the pandemic.
Hawaiian Airlines has told unions it may have to furlough more than 2,000 employees as the carrier looks to realign the size of its workforce with the new operating environment.
Dutch airline KLM said it would cut 4,500-5,000 jobs as it embarks on a post-COVID-19 road to recovery that is set to be “long and fraught with uncertainty.”
Thailand’s Nok Air has become the latest airline to seek a restructuring through the courts after succumbing to the financial pressures caused by the COVID-19 pandemic.
