Brazilian low-cost airline Azul has reached agreements with airframers and lessors about the deferral of aircraft deliveries and payments for leased aircraft. This will provide Azul with a working capital relief of R$3.2 billion until December 2021, it said during…
The outlook for AirAsia, one of Asia’s biggest low-cost airlines, has received a serious dent after external auditor Ernest & Young issued an unqualified audit opinion about the ability of the airline as a going concern. The impact of the…
Airbus is to slash 15.000 positions before mid-2021 as it adapts to revised market conditions. The European airframer said on June 30 it needs to resize following a forty percent reduction in production after Covid-19. The announcement was expected only…
Lufthansa Group recorded a EUR -2,1 billion net loss for the first quarter, it announced on June 3 during a delayed Q1-results presentation. Remember this period includes only the start of the Covid-19 crisis, so there is worse to come…
Yes, the airline industry is in the midst of the worst crisis it has ever seen. And yes, this has had an impact on its operations, but Central and Eastern European ultra-low-cost airline Wizz Air is optimistic it will come…
Airbus has made the inevitable decision to cut production rates of all types as from this month, it announced on April 8. The unprecedented impact of Covid-19 on air travel has airlines running to seek delivery deferrals and in some cases…