Air Canada retires 79 ‘oldies’ to cut costs
Air Canada is to reduce its fleet by 79 aircraft as it seeks to cap costs and improve its financial position, the airline announced on May 4. This follows on a net loss of $1.049 billion in Q1, down from…
Category Airlines
United: Q1-loss -1.7 billion, Capex -2.5 billion
The last of the Big Three in the US – United – reported its Q1 2020 results just a little after American on April 30. United ended the first quarter with a $-1.7 billion net loss, down from a 292…
American: 2.2 billion Q1 loss – fleet reduced by 100
American Airlines reported a $-2.2 billion Q1 net loss on April 30, four times the size of its main competitor Delta ($-422 million). This includes special items, otherwise, the result would have been $-1.1 billion. Still, it is another indication…
Southwest targets 3 billion in cost reduction
Southwest Airlines aims to reduce operating costs by $2 billion and Capex by $1 billion this year to weather the Covid-storm. Daily cash burn has been halved from $60-65 million a day to $30-35 million by the end of Q2,…
British Airways: some 12.000 jobs at stake – more to come at IAG
British Airways could slash up to 12.000 jobs as it has started a restructuring and redundancy program in response to the Covid-19 crisis, parent company International Airlines Group (IAG) confirmed on April 28. The restructuring will also affect the Group’s…
More and more A380s stored as crisis continues
The Airbus A380 continues to be one of the aircraft types that is hit the hardest by the current crisis. With some 240 A380’s available, most have been grounded since late March. In recent days, many have been placed in…