News

Airbus Moves a Step Closer Towards Technology for Safer Skies

Airbus has announced that it has made a step forward in co-developing a solution for air travel security operations. In partnership with Koniku Inc., the European Aerospace consortium has begun researching into the capability to detect biological hazards, as well as chemical and explosive threats, on an aircraft or in an airport. The ‘solution’, the […]

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In Midst of Multi-Billion-Dollar Losses, SkyWest Posts First Quarter Profit

SkyWest Airlines — the St. George, Utah-based regional airline that operates flights on behalf of numerous large American carriers — announced its first-quarter earnings on Thursday, reporting a $30 million profit even as the country’s largest airlines saw losses in the billions of dollars. The company, which did still see its stock price fall in […]

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Lufthansa Group Extends Negotiations Over Government Aid

Over the last few weeks, Lufthansa Group has been negotiating with German, Austrian and Belgian governments over rescue packages after the group made a $1.3 billion loss during the first quarter of the year amid the COVID-19 crisis. Reports by Bloomberg revealed that Lufthansa was negotiating a 10 billion euro ($10.3 billion) bailout from the […]

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Virgin Atlantic to Remove 3,150 Jobs and Boeing 747 Fleet

Virgin Atlantic has announced that up to a third of its workforce will be made redundant as the airline attempts to “reshape and resize” itself for the future. On top of the job cuts, Virgin will remove the Boeing 747 from its fleet and will also move out of Gatwick Airport in an effort to […]

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Air France Slated to Receive 7 Billion Euro Bailout Package

The European Union on Monday approved a French state aid of €7 Billion consisting of state loans and state-guaranteed bank loans to aid Air-France in its urgent liquidity in the face of the coronavirus pandemic. The European competition watchdog exercised its commission under Article 107(3)(b) of the Treaty on the Functioning of the European Union […]

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Azul To Resume Service at Two Cities With Codeshared Cessna C208B Flights

Brazil’s third-largest airline, Azul Brazilian Airlines, surprised the market in January when it announced an agreement by which it acquired Two Táxi Aéreo, a commuter airline with operations throughout Brazil. Branded TwoFlex, the company currently has a fleet of two Cessna C208 Caravan and 14 C208B Grand Caravan. After the approval of the takeover by […]

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U.S. Airlines to Make Wearing Face Masks Compulsory

American, Delta and Frontier join JetBlue in making wearing face masks compulsory for passengers traveling as of next week. This is part of a wider set of sanitary measures that different stakeholders are putting in place as the world prepares to slowly reintroduce economic activity as the COVID-19 outbreak continues. Regarding these new additional safety […]

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Looking At the Second Half of Major U.S. Airlines’ Earnings

Last week, the first two of the four major U.S. airlines reported their first-quarter earnings. Atlanta-based Delta Air Lines announced a loss of $607 million and United Airlines announced a whopping $2.1 billion loss for the same time period. Originally, Southwest Airlines and American Airlines — the two Dallas/Fort-Worth-headquartered competitors — had been slated to […]

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