Friday, May 15. In recent days, airlines have been announcing a gradual return to flying again. The picture is diffuse, with some offering limited services from the second half of May and others extending their suspensions. So we update our…
International Airlines Group (IAG) posted a EUR -1.860 billion net loss for Q1, it announced on May 7. Excluding special items, this was EUR -535 million. IAG expects that a long recovery to pre-Covid levels will take until at least…
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…
Typically the airlines don’t pay much for their engines using “Power-By-Hour” contracts instead. From industry sources, we understand more than half the airlines utilize these contracts. On the lower side, we might see GE and CFM in high-sixties percent and…
If bookings continue to drop in the coming weeks, Lufthansa Group will reduce capacity by 50 percent, the airline said on March 6. Following the outbreak of Covid-19, the German giant has seen a massive drop in traffic in all…
UK-regional airline Flybe has ceased all operations and filed for administration on March 5. It is the first airline to fail since the outbreak of Covid-19, with a drastic drop in traffic resulting in a cash shortage the airline was…