Coronavirus

IATA is now projecting net airline industry losses of $47.7b in 2021 vs $126.4b loss in 2020, saying that current crisis is longer and deeper than
Air Transport

By Ben Goldstein, Jens Flottau
Two new airlines will start flying in the coming months in the U.S. While the timing is similar, their business models are different.
Airlines & Lessors

Although Chinese airlines have reported huge losses for 2020, they are still in a stronger position than most others in Asia, thanks to a massive domestic market that has regained its recovery momentum in the past few months.
Air Transport

SPIRIT AIRLINES had $112.3m net loss in 1Q21 (vs $27.8m loss in 1Q20) on 40.2% lower revenues, and ended quarter with $1.9b liquidity and operating
Air Transport

By Guy Ferneyhough
The recovery of air traffic in India is going backward as the country experiences a second wave of coronavirus cases that is proving more rampant than its first outbreak in 2020.
Airlines & Lessors

By Ben Goldstein
Groups representing smaller and low-cost carriers say federal lawmakers would be wise to lay off any potentially costly rules—at least for the time being—to allow airlines a fighting chance to get back to their pre-pandemic financial status.
Airlines & Lessors

AIRCASTLE had $95.8m net loss on $197.5m revenues for quarter ended February 28; it has 252 aircraft vs 272 a year ago. It reports as of April 15 it
Air Transport

VOLARIS, Mexico has agreed to lease eight A321neos in 2021 (on top of three to be purchased from Airbus) to take advantage of what it calls favorable
Air Transport

AEROMEXICO had MXP4.2b net loss in 1Q21 (vs MXP2.5b loss in 1Q20) on 51.3% lower revenues, and ended quarter with MXP18b cash and operating fleet of
Air Transport

By Kurt Hofmann
As some major airlines from Latin America and Caribbean are now operating under Chapter 11 bankruptcy protection, several airports in the region risk losing connectivity as carriers remove unprofitable routes.
Airports & Networks

By David Casey
Plans to start a new airline to provide flights from New Zealand to the Cook Islands have been suspended.
Airlines & Lessors

By Helen Massy-Beresford
Virgin Atlantic should be flying its full fleet again by October or November, according to its CEO, who predicted yields would start to stabilize from the start of 2022.
Airlines & Lessors

By Jens Flottau
Emirates Group is entering into talks with the government of Dubai about further financing options to shore up liquidity in case the recovery of air travel continues to be much slower than expected.
Airlines & Lessors

By Kurt Hofmann
Austrian aerospace supplier FACC has developed an antimicrobial surface coating for aircraft cabins that it hopes will boost its position in aftermarket services.
Interiors & Connectivity

US DOT says US domestic air fares averaged all-time low of $292 in 2020 ($261 in 4Q20), down 17.6% from $355 in 2019.
Air Transport

UNITED had $1.4b net loss in 1Q21 (vs $1.7b loss in 1Q20) on 60% lower revenues and ended quarter with $21b liquidity; its average core cash burn was
Air Transport

By Chen Chuanren
The Australian Federal Court ordered Garuda Indonesia to pay a fine of A$19 million ($14.7 million) to Australia after dropping its appeal for a price-fixing case.
Airlines & Lessors

By Mark Carreau
It is “highly unlikely” that NASA will return to the Moon’s surface with human explorers in 2024 due to technical, budget and workplace constraints linked to the COVID-19 pandemic, the agency’s inspector general says.
Space

By Kurt Hofmann
Spanish regional carrier Air Nostrum has been forced to ask for loans from a fund managed by state holding company SEPI, requesting €103 million ($124 million) which the company plans to repay in seven years.
Airlines & Lessors

By Adrian Schofield
China’s domestic capacity has surged back after a COVID-19 spike put the brakes on the country’s busiest travel period.
Airlines & Lessors

CAAC reports Chinese airlines lost CNY30.1b in 1Q21 (vs CNY34.6b loss in 1Q20) on 1.1% lower revenues.
Air Transport

JFK

JFK handled 1.1m pax in 2020, down 78% vs 2019; cargo traffic rose 2.5%.
Air Transport

BRAATHENS REGIONAL AIRLINES (BRA) plans May 12 to resume domestic operations, initially at Stockholm Bromma, Malmö, Gothenburg, Visby, Ängelholm and
Air Transport

LUFTHANSA retired its sixth A380 (061); it has eight remaining, which are all currently in storage.
Air Transport

AIR FRANCE-KLM successfully completed public offering to increase its capital by €1,036m after exercise in full of increase option.
Air Transport