It has taken them a couple of years to decide, but Southwest Airlines has finally made up its mind about its long-term fleet plan and with what to replace its 462 Boeing 737-700s. The US low-cost had taken a serious…
Air Canada has ended 2020 with a record-loss of C$-4.647 billion, compared to a C$1.476 billion profit the previous year. The “catastrophic impact of Covid-19 and government-imposed travel restrictions and quarantines” to Canada and between states have cost the airline…
New York’s Southern District Bankruptcy court will be busy with another Chapter 11 case after Grupo Aeromexico has filed for bankruptcy protection on June 30. It is the third Latin American airline after Avianca and LATAM to seek protection with…
International Airlines Group (IAG) has pulled the plug on its European short-haul low-cost airline LEVEL Europe, formerly known as Anisec Luftfahrt. The airline has filed for insolvency and has ceased trading with immediate effect from June 18. LEVEL cites the…
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,…
Lessor Avolon fired a warning shot on April 3 on what airframers can expect in the coming weeks and months as it announced a number of cancelations and aircraft delivery deferrals. Hit the hardest is Boeing, which has lost 75…