Unless travel restrictions are permanently lifted in the whole of Europe, Wizz Air is expecting a net income loss for its current FY21 The Central and East European ultra-low-cost carrier is seeing some recovery, but only ten to fifteen percent of…
Despite the continued impact of the pandemic on its operations, Russian flag carrier Aeroflot’s domestic air travel has returned to almost 2020 levels in the first quarter of 2021. As a result, the airline’s losses have been reduced, it said on…
Airbus plans an aggressive production ramp-up. The European airframer has disclosed more details on how it intends to grow its production capacity until 2025 on May 27. This follows on earlier remarks by CEO Guillaume Faury that Airbus is in…
Airbus dusts off its plans for a new A320 final assembly line (FAL) in Toulouse. A year after the plan was mothballed due to the effects of the Covid-crisis, the former A380 Final Assembly Line in the Lagardère building will…
UAE low-cost carrier flydubai reported an AED -712.6 million net loss for 2020, compared to an AED 198.2 million profit in 2019, it announced on May 2. Flydubai remains cautious after the 2020 loss. While the airline is planning to ramp…
TAP Portugal has got approval for a Covid aid package from the European Commission. The government-backed package will compensate TAP for the financial damage directly caused by the Covid-crisis between March 19-June 30, 2020. It is additional to the state…