by Richard Schuurman | Nov 22, 2020 | Airlines
The airline industry needs another $80 billion in financial aid from governments to get it through the upcoming winter season, IATA Direct General Alexandre de Juniac said last week ahead of Tuesday’s digital Annual General Meeting in Amsterdam. This comes on top of...
by Richard Schuurman | Nov 18, 2020 | Airlines
Norwegian has filed for bankruptcy protection for its Ireland-based subsidiaries and assets in Ireland in an attempt to restructure, attract new capital, and survive the Covid crisis, the airline announced on November 18. The move follows the refusal from the...
by Richard Schuurman | Sep 27, 2020 | Airlines
Qatar Airways has recorded a QR -7.007 billion loss for its fiscal year 2019/2020, down from -4.751 billion the previous year, it announced on September 27. Mind you, this result reflects the year until March 31, 2020, so before the worst of the Covid-crisis hit the...
by Richard Schuurman | Sep 27, 2020 | Airlines
Delta Airlines will further simplify its fleet by retiring three more aircraft types, it announced in a stock exchange filing on September 25. The first to go out by December 2023 will the Bombardier CRJ200s, of which 22 are already in storage. Delta Connection...
by Richard Schuurman | Sep 25, 2020 | Airlines
Despite an almost full recovery of traffic on domestic routes, Chinese airlines remain cautious or even pessimistic about their financial situation and outlook. The number of flights might have recovered to 2019 levels but load factors and yields remain weak,...
