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A Japan Airlines 787-9 departing. (Photo: AirlineGeeks | William Derrickson)

Japan Airlines Reports Fiscal Year Loss, Provides No Outlook

Japan Airlines reported on Friday an annual net loss of 286.7 billion yen ($2.6 billion) but did not release a forecast for the current financial year, citing rising uncertainty around the Covid-19 pandemic as it continues to negatively affect air travel demand. This is the carrier's first fiscal year loss since relisting in 2012 following restructuring. "There has been no indication of passenger demand recovery yet" due to restrictions on international travel and tougher immigration measures, the airline said in…

SpiceJet Deferring Employee Salaries by up to 50 Percent

India's low-cost domestic carrier, SpiceJet, has made the decision to defer up to fifty percent of April's salaries of its many employees as a lack of cash amidst India's second wave of Covid-19 infections has tragically impacted its operations. Junior employees such as the drivers and loaders have received their…

British Airways Set To Return To Hong Kong

British Airways will soon resume passenger flights to Hong Kong, following the lifting of the Hong Kong government's suspension on passenger services from the United Kingdom. This good news comes as Hong Kong has been known to be one of the strictest countries when it comes down to border restrictions…

ACCC Making Moves to Block Tie-Up Between Qantas-Japan Airlines

Australia's competition regulator came out on Thursday, May 6, and said that it was proposing to block a code-sharing, pricing and scheduling deal between home carrier Qantas and Japan Airlines because it would likely mean higher fares and possibly worse service for passengers. Qantas had claimed that the five-year agreement…

New Indonesian Start-up Eyes Millennial Travelers

Indonesian budget start-up airline Super Air Jet is the latest airline trying it luck to find a seat within the aviation industry, having just established in May 2021, per Business Times. Its President Director, Ari Azhari, said this fresh private carrier was entirely funded and owned by Indonesians. “This air…

Philippine Airlines to Launch Non-Stop Flights Between Manila and Tel…

Proving resiliency in the time of a global pandemic, Philippine Airlines is looking to launch non-stop flights between Manila and Tel Aviv, Israel by October 2021, betting on eased air travel restrictions as Covid-19 vaccinations in both the Philippines and Israel having made good progress. The national carrier of Philippines has…

Singapore Airlines Raises S$2 Billion from Sale-and-Leaseback Transactions

Singapore Airlines (SIA) announced in a press release on Monday that it has successfully completed sale-and-leaseback transactions for eleven aircraft, including seven Airbus A350-900s and four Boeing B787-10s, raising approximately S$2.0 billion (US$1.5 billion). Four different parties arranged the transactions, SIA said in a bourse filing on Monday. They are…

flydubai Records Major Loss Due to Pandemic

Based in Dubai, budget airline flydubai reported on Sunday May 2 a major loss of US$194 million last year, Channel News Asia reports, as its revenue fell by more than 50% in what the airline said was due to a plunge in passenger traffic as a result of the Covid-19…

ANA Foresees Rebound Despite Annual Loss

All Nippon Airways reported the largest annual loss in its history on April 30, but the airline foresees a rebound back to profitability this financial year, with its vice president seeing "light at the end of the tunnel" after the Covid-19 pandemic. From April 2020-March 2021, ANA Holdings reported a record…

Airbus Flies Back to Profits But Sees Turbulence Ahead

Airbus flew back into profit from January to March of the current year, as cost-cutting and restructuring measures began to take their intended effect, but the company has warned that the crisis caused by the Covid-19 pandemic is far from over. The European aircraft manufacturing giant said in a statement…