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Hungarian Low-Cost Carrier Wizz Air Opens Four New Bases, Adds Hundreds Of Jobs
Right in the middle of the pandemic, when his airline’s flying activity had been reduced to a few flights per week, some of which were pure cargo, Wizz Air CEO Jozsef Varadi was very bullish about the future of his company. “This crisis will present us with opportunities,” Varadi said a month ago during a […]
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Berlin-Tegel Airport To Close for Two Months Beginning June 15
The shareholders’ meeting for Berlin Brandenburg and Federal Airports (FBB) decided last Wednesday that Berlin-Tegel Airport will close down for a two-month period starting of June 15. As the set date for reopening approaches, the shareholders will make the decision whether to reopen the airport or whether to keep it closed. Due to the collapse […]
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Singapore Airlines Posts Heavy Losses Over Ineffective Fuel Hedging
Last week Singapore Airlines posted the first full-year loss of its almost 50-year history amid a collapse in demand due to the COVID-19 pandemic and some heavy losses on its fuel hedging policy. The airline recorded a net loss of 212 million Singapore dollars ($149.1 million) for the fiscal year ending on March 31. This […]
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New Alitalia to Exit SkyTeam Transatlantic Joint Venture, Expand Long-Haul Fleet
After its original decision in March to re-nationalize the Italian flag carrier, Alitalia, the Italian government has taken all the necessary steps to transition all the assets into the new company that will be owned by Italian taxpayers who, during the past 12 years, have injected over 7 billion euros into the coffers of the […]
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KLM Could Break-Up With Air France Over State Subsidies
The current crisis that is heavily affecting all carriers around the world could profoundly change the landscape of the airline industry for the years to come. According to the Dutch financial newspaper Financieele Dagblad, Air France and KLM may return to operate as independent carriers. The two airlines merged in 2004 and have been operating […]
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Wizz Air CEO Confident About Post-Crisis Outlook
The dramatic drop in demand and the restrictions on international travel caused by the COVID-19 pandemic are devastating the finances of most airlines around the world. Carriers in the U.S. are receiving billions of dollars in grants and loans, Norwegian Airlines, Virgin Australia and South African Airlines are facing bankruptcy and other airlines like Alitalia […]
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Transport Canada Mandates Use of Face Masks for Airline Passengers
As some countries in Europe and North America prepare to release travel restrictions put in place to curb the spread of the COVID-19 pandemic, authorities are starting to put in place protocols to protect the health of air passengers and airline staff. Transport Canada, the country’s aviation regulator, issued new measures that will come into […]
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Air Canada Converts Three Boeing 777-300ER Aircraft For Cargo Operations
The impact of the COVID-19 pandemic has not spared Canada and its air transport industry. Air Canada has reduced its capacity by 85-90 percent during the second quarter of 2020 compared to the same period in 2019. During the month of April, the Montreal-based carrier is planning to serve a reduced domestic network and a […]
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Secondary Airports Threatened By ‘Minimum Service’ Rule In CARES Act
As the COVID-19 pandemic continues to create havoc for air traffic around the world, airport companies are quickly adjusting to adapt to this new situation with significantly fewer passengers closing down terminals, consolidating traffic to their main facilities and, in some extreme cases, closing down secondary airports in metro areas commonly served by more than […]
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American Announces Further International Reductions for Summer Schedule
As uncertainty around the duration of the COVID-19 emergency hampers travel demand and restricts international mobility, airlines around the world are adjusting their capacity to this new reality. American Airlines announced on Thursday further capacity cuts that will be made to its schedule during the peak summer season. The Fort Worth-based carrier will reduce capacity […]