News

LATAM to Lay Off 1,400 Workers

LATAM Airlines Group, the largest airline conglomerate in Latin America, announced it will lay off 1,400 workers from its branches in Chile, Colombia, Ecuador and Peru. The news was confirmed by the company on May 15, after Reuters released an internal video where LATAM CEO Roberto Alvo announced the measures to its employees. “Unfortunately we’ve […]

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Ryanair Slashes Jobs as Low-Cost Demand Dwindles

Ryanair has announced that over 250 office jobs have been lost due to the COVID-19 pandemic. These jobs have been cut at its offices in Dublin, Madrid, Wroclaw in Poland and Stansted near London, which are due to re-open on June 1. Ryanair staff levels will reduce in four of its offices due to a […]

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Delta’s Pilot Workforce Overstaffed by 7,000

A Delta Air Lines internal memo to its’ pilots obtained by Reuters warned that it may have as many as 7,000 too many pilots to fly its airplanes by the Fall of 2020. The number represents approximately half of its 13,100 pilot workforce. John Laughter, SVP of Flight Operations for Delta, stated in the memo […]

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European Commission Sets Out Proposals to Open Borders to Tourism

The European Commission is offering hope that summer holiday travel between member states will be possible for tourism by inviting countries ‘to engage in a process of re-opening unrestricted cross-border movement within the Union.’ For the purposes of the recommendations, the commission has defined the region covered by the package as ‘all EU Member States […]

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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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