News

IATA Expects Passenger Levels to Recover by 2024 at Latest

The International Air Transport Association (IATA) forecasts that the social and economic immobility caused by COVID-19, plunging passenger levels across the world, will take longer to recover than what was originally expected. During its weekly update meeting held today, IATA revealed that traffic will only recover to 2019 levels by 2023 at the earliest. IATA […]

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DOT and Lawmakers Push Airlines for Refunds

Airlines around the world have made it widely known that they have relaxed and changed their change and cancellation policies due to the Coronavirus pandemic. In the United States, however, airlines have not changed their policies when it comes to refunds. This has struck a bad note with some consumers.  The U.S. Department of Transportation […]

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American Finds Cash Cushion Amid Coronavirus Pandemic

American Airlines has announced that, with government aid, it has enough liquidity to survive the travel drop-off associated with the Coronavirus pandemic. American reported its Q1 results a bit over a week ago and it revealed its current liquidity status as well as its current cash flow position. The airline ended the first quarter with […]

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Singapore Changi Airport Crowned World’s Best Airport Again

According to Skytrax, Singapore’s Changi Airport has been crowned the World’s Best Airport for the eighth year in a row. The award is voted by consumers in a global survey. In addition, Japan is the winner of the Skytrax award as well. Four Japanese airports are ranked in the World’s Top 10 airports including Tokyo’s […]

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Emirates Reports Fiscal Year Results, Looks to Late 2021 for Recovery

The Emirates Group — the Dubai, United Arab Emirates-based, state-owned international aviation company — released 2019-2020 financial results on May 10. According to the annual report released Sunday, which covers the period from April 1, 2019, to March 31, the group reported a profit of $456 million, which is a significant drop compared to last […]

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Avianca Holdings Files for Chapter 11 Protection, Closes Peru Subsidiary

Avianca Holdings and some of its subsidiaries “voluntarily file[d]” for chapter 11 bankruptcy in the Bankruptcy Court of the Southern District of New York in the U.S., the airline announced on May 10. Avianca Holdings currently oversees a number of subsidiaries, the list of which includes Columbian airlines Avianca and Tampa Cargo, Ecuador-based Aerogal and […]

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Bailout for Brazilian Airlines Likely to Be Confirmed Next Week

After several weeks of discussions between companies, agents of the federal government and private banks, an agreement surrounding a bailout for airlines in Brazil is set to be closed by the end of next week, according to Brazil Journal, a local economic news website. The COVID-19 crisis fell severely over the country’s airline industry, just […]

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Airbus Announces Progress on Biotechnology Solution for Aviation Security Issues

Earlier this week Airbus announced that it, along with California-based biotechnology and artificial intelligence company Koniku Inc., has made a “significant step” forward in the development of a “disruptive biotechnology solution” for aircraft and airport security operations by extending research to include biological hazard detection capabilities. The two companies originally entered into a cooperation agreement […]

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Lufthansa Group to Restart Flights to 106 Destinations in June

Lufthansa, Eurowings and Swiss Air Lines will restart a number of services to domestic and European destinations from June after seeing a growing interest in air travel by its passengers. The Lufthansa Group, the parent company of those three airlines in addition to numerous others, will bring 80 aircraft back into service. This means that […]

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