airlines

The airline industry has ailed in pain for the last several months because of a virtually unprecedented downturn in travel demand due to the COVID-19 pandemic. Airlines across the globe have been reporting multi-billion dollar losses and load factors in the single digits. This week, though, a new trend emerged. While marginal, multiple data sources […]

International Airlines Group (IAG), the parent company of British Airways, has announced a first-quarter (Q1) loss for 2020 of €535 million ($579 million). This compares with an operating profit of €135 million ($146 million) for the same period last year. Unsurprisingly the novel coronavirus (COVID-19) impacted the consortium’s operations for the period resulting in a […]

After its original decision in March to re-nationalize the Italian flag carrier, Alitalia, the Italian government has taken all the necessary steps to transition all the assets into the new company that will be owned by Italian taxpayers who, during the past 12 years, have injected over 7 billion euros into the coffers of the […]

South African Express has become one of the latest victims of the global pandemic as the South African High Court gave an order on Tuesday, April 28., for the provisional liquidation of the airline. The airline has been under a form of bankruptcy protection since February and had suspended its services on March, 18 in […]

British Airways may permanently withdraw all operations from London’s Gatwick Airport as a result of the COVID-19 pandemic. BBC News cited a memo to staff from the airline’s head of operations at Gatwick which stated: “As you know, we suspended our Gatwick flying schedule at the start of April and there is no certainty as […]

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 […]

As airlines reduce schedules and flying hours, yet another airline has followed the suit of Alaska Airlines and JetBlue: United Airlines. The main condition of airlines being eligible to receive money from the federal government under the CARES Act is that they are required to maintain a minimum level of service to cities the carriers […]

The Airbus A380, the largest passenger airplane in existence, celebrated the 15th anniversary of its first flight Monday amidst the coronavirus pandemic’s hold on the aviation industry. Airbus developed its superjumbo as a response to Boeing’s wildly-popular 747 superjumbo, which was the go-to aircraft for high-demand long-haul flights during the late 20th century. Airbus wanted […]

With the travel industry coming to a grinding halt, there a lot of people not taking their vacations or traveling for business. This has brought up a big problem for the industry beyond some of the most obvious reasons: customers want and are generally legally entitled to cash refunds. Largely, this is a result of […]

The International Air Transport Association (IATA) has predicted that European airlines will see demand drop by 55 percent in 2020 compared to 2019 and potential revenue losses will total $89 billion. The association revised its loss prediction of $76 billion made last month as the impact of the novel coronavirus global pandemic on the airline […]