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Macau Aviation Industry Facing Severe Turbulence During Pandemic
According to Macau’s local media, Air China, the parent company of Air Macau, revealed Air Macau suffered a loss of $67.4 million in the first half of the year. The Macau-based carrier recorded a profit of $10.4 million in the same time last year. Earlier, Air China reported a loss of $1.38 billion as well. […]
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Qantas Group Cuts 2,500 More Jobs
In Australia, Qantas Airways and its low-cost subsidiary, Jetstar have announced plans to ax 2,500 jobs following the announcement of the carrier’s second-largest financial loss in a century. In June, the flag carrier has announced 6,000 of its workforce would be cut. The struggling airline is proposing to outsource its bus services for customers and […]
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Auckland Airport Completes Runway Maintenance Amid Pandemic
Auckland Airport has finished its runway maintenance project, allowing the runway to return to its full length, the airport said in a press release. Earlier this year, the airport was forced to close its runway twice after faults appeared. The incidents took place on Jan. 24 and Feb. 6, and the airport was closed for […]
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Vietnam Airlines Expects $655 Million Yearly Loss
As a result of the COVID-19 pandemic, Vietnam Airlines posted a $284 million loss in the first half of 2020 and expects its loss could reach $655 million by the end of the year. The airline recorded a remarkable year in 2019 and earned $4.3 billion. Vietnam has prevented the spread of coronavirus successfully as […]
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Taiwanese Airlines Introduce Mini-Travel During The Pandemic
Taiwan is seeing a surge in demand for the so-called “mini travel” during the pandemic as multiple airlines have introduced special flights to bring Taiwanese people back to the skies, Focus Taiwan reports. The situation of Taiwan is quite different from the rest of the world. Coronavirus cases have remained extremely low since the pandemic […]
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Emirates Introduces COVID-19 Insurances to Passengers, Cuts Crew Costs
The aviation industry is struggling to stay afloat during the pandemic. Emirates, a Dubai-based airline, is trying a new method to boost confidence for international travel by introducing a brand-new insurance to passengers. Emirates’ new program will compensate passengers if they are diagnosed with COVID-19 during their travel. According to an airline press release, the […]
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Hong Kong Aviation Industry, Cathay Pacific Facing Severe Turbulence
As a result of weakened travel demand due to COVID-19, Hong Kong International Airport is seeing a huge drop of passenger volume as 8.3 million passengers were recorded in the first six months of this year, the airport reported in a press release. It has dropped 78.1% compared to the same period last year. The […]
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London Stansted Airport Insists on Expanding Passenger Volume Amid Pandemic
In response to the local government’s refusal to allow expansion, London Stansted Airport will appeal against the Uttlesford District Council, which handed down the ruling in January. After five years of consideration, Stansted wasn’t allowed to increase its passenger capacity numbers from 35 million to 43 million passengers per year. According to the airport, Stansted […]
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Japan Domestic Demand Increases, Full Recovery Expected by October
According to local media, Japan Airlines is expecting a full recovery of its domestic demand as early as this October following the diminished demand caused by the coronavirus crisis. “We expect to recover to 80 percent in August and fully operate in line with our normal schedule around October,” Shunsuke Honda, an executive officer of […]
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Aviation-Centered Mergers and Acquisition in South Korea Slow to a Halt
With COVID-19 raging throughout the world, the aviation industry has experienced its longest battle in decades. In South Korea, mergers and acquisitions have halted since the pandemic began, a development that has proven particularly impactful for the aviation industry and those looking to take part in it. HDC Hyundai Development Company (HDC) inked a deal […]