A new and downsized version of Italian flag carrier Alitalia is set to launch next April, beginning with a fleet almost half the size of the current airline. Called ITA (Italia Trasporto Aereo), the airline is seeking partnerships with other…
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…
Air France-KLM has ended the second quarter and first half-year deep in the red. It recorded a EUR -2.612 billion Q2 net loss or EUR -4.413 billion in HY1, the airline group announced on the evening of July 30, 12…
The Dutch government finally agreed on the state aid package for KLM on June 26, announcing the airline will receive EUR 3.4 billion in loans and state-guaranteed loans. A majority of Dutch parliament approved the package on July 2, but…
Air France-KLM recorded deep-red results for Q1 2020, reporting a EUR -1.803 billion net loss including exceptional items. It felt the impact of the Covid 19-restrictions especially in March, which doesn’t bode well for Q2 when the situation has been…
Air France and KLM will benefit from a combined EUR 9 to 11 billion in state aid from the French and Dutch governments, both announced separately on April 24. The package will give the Franco-Dutch airline group much-needed liquidity to…