News

South African Airways Liquidation Unlikely for Now

The immediate liquidation threat of South African Airways (SAA) may be averted for now as announced by the Department of Public Enterprises (DPE) on Saturday. The new deadline for the proposed employment agreement has also been extended to May 1, 2020. DPE also acknowledged an agreement was reached in a meeting to establish “different cooperative […]

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British Airways Announces Potential 30 Percent Workforce Cut

British Airways has announced that it might cut up to 12,000 jobs from its 45,000 employee workforce, as the global coronavirus pandemic is having unprecedented consequences for airlines as the skies are emptied out for a prolonged period of time. The airline had previously agreed to furlough 22,000 jobs, taking advantage of the U.K. government’s […]

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JetBlue To Require Masks for All Onboard

As airlines continue to fight against the ongoing COVID-19 situation, JetBlue is taking safety to the next level as the airline will now start to require that all passengers and crew wear facemasks when around fellow passengers and crew. This includes check-in and anytime an individual is boarding, on or deplaning from the company’s aircraft. […]

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SAS Looks to Cut Workforce By Up to 5,000 Jobs

SAS has announced that it will look to remove up to 5,000 full-time positions of its future workforce as the airline “adapts the business to a lower demand environment.” The flag carrier of Denmark, Norway and Sweden employs around 11,000 workers, albeit 10,000 are currently furloughed, but foresees the industry “will take some years before […]

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IATA: More Clarity on Government Relief Measures Amid COVID-19 in Africa

International Air Transport Association (IATA) has renewed its call to nations in the continent to step up their efforts towards aviation relief for airlines to aid in the survival of the industry, even as COVID-19 impacts continue to consume the region’s aviation sector which is now on the verge of collapse. This comes barely a […]

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

This week marks one of the first opportunities American investors and the public will have to see just how the airline industry is suffering as a result of the COVID-19 pandemic. The four largest U.S. carriers are all set to release their first-quarter earnings this week. United Airlines’ numbers first leaked on April 20 and […]

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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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Air Mauritius Files for Voluntary Administration to Avoid Bankruptcy

The board of directors of Air Mauritius Limited met this Wednesday to disclose the state of the company’s finances due to the COVID-19 pandemic. Then, it was reported that the operational disruptions related to the coronavirus make it impossible for the airline to meet its financial obligations “in the foreseeable future.” In a press release […]

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Norwegian Scandinavian Subsidiaries File for Bankruptcy

It’s no secret that over the past few years Norwegian has been standing on a very thin rope, accumulating losses, seeking additional cash injection and restructuring routes in order to stay afloat. As COVID-19 hardly hits the global aviation year as no event in the past century; Norwegian’s Danish and Swedish subsidiaries have filed for […]

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