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Alaska Airlines Announces Second Quarter Results, Oneworld Invite
The Alaska Air Group reported their second-quarter results and an official invitation to join the Oneworld alliance. As with all airlines, the Seattle-based airline reported significant losses due to the COVID-19 pandemic. Alaska’s reported net loss was $214 million under Generally Accepted Accounting Principles (GAAP). When compared to other airlines, these losses do not seem […]
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American Airlines Announces Furlough Notices
American Airlines became the most recent carrier to send Worker Adjustment and Retraining Notification (WARN) letters to its employees. These letters indicate that potential layoffs or furloughs are possible in the near future as air travel demand continues to suffer due to COVID-19. In a letter to employees, CEO Doug Parker and President Robert Isom […]
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Southwest Warns of Airline’s First Round of Furloughs Amid Pandemic
While the demand for travel continues to slowly increase around the world, things are not all positive in the airline industry. Dallas-based Southwest Airlines is facing the possibility of having to carry out furloughs unless passenger numbers change drastically. While the exact number of possible layoffs was not announced, it would mark the first involuntary […]
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United Airlines Warns of Mass Furloughs in October
As the COVID-19 pandemic continues to decimate travel demand, the airline industry continues to feel this major impact. United Airlines announced that they are getting ready to send potential furlough notices to about 36,000 employees. This would make up about 45% of their staff members in the United States. The airline claims that each notice […]
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El Al Israel Airlines Agrees to Taking Government Assistance
Just days after announcing they would be indefinitely suspending all operations, El Al Israel Airlines agreed to become nationalized. This development is part of a plan regarding a bailout for the airline that has had significant financial struggles due to the COVID-19 pandemic. The Israel-based carrier and its controlling shareholder Knafaim Holdings had been in […]
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U.S. Airlines Announce Significant Schedule Changes
While the COVID-19 pandemic has had a drastic effect on air travel across the world, the airline industry continues to bounce back as the world begins to reopen. The most recent airline route announcements come courtesy of American Airlines and United Airlines. United Airlines announced that it would be adding close to 25,000 flights to […]
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Lufthansa Group Announces Fall Schedule Extension
As countries throughout the world start easing travel restrictions due to the COVID-19 pandemic, airlines have seen an increase in demand for bookings as the year continues. The Lufthansa Group announced that it has published its flight schedules for subsidiary airlines through Oct. 24, the end of the normal summer travel period. Not only does […]
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One Unique 747 Retires While Another Flies Again
In an aviation world, where the number of large-capacity aircraft are becoming fewer and fewer, it is always a somber day to see even more retired. Unfortunately, another operator of the 747 has retired its final so-called Queen of the Skies. After nearly 30 years of operating variants of the Boeing 747 family, Corsair International […]
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Austrian Airlines Takes Financial Recovery Package
As the list of airlines that have received government-backed financial support grows during the COVID-19 pandemic, Austrian Airlines has announced that it will be the newest member of this group. In a press conference, the Vienna-based carrier announced that they would receive a total of 600 million euros ($677 million) in financial aid. This aid […]
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Lion Air Suspends Flights Until Further Notice
On June 3, 2020, the Jakarta-based Lion Air group announced that it would be suspending flight operations starting on June 5, 2020. The suspension of flights applies to all Lion Air, Wings Air and Batik Air flights on both the domestic and international level. In a press release, the airline group said that this decision […]