On Oct. 22 Southwest Airlines announced the company’s third-quarter financial results. As expected the airline posted a large loss and continues a high level of daily cash burn as the industry continues to navigate the effects of the Covid-19 pandemic. The airline also announced a change to the passenger experience for travelers beginning December 1. In addition to its financial performance, the airline is continuing its expansion plans, announcing three new additions. Southwest posted a loss of $1.2 billion for…
Fort Worth, Texas-based American Airlines reported earnings for the third quarter on Thursday morning, announcing a net loss of $2.4 billion on the back of $3.17 billion in revenue, a 73% revenue decrease from the same period in 2019. The company's stock dropped in early trading on Monday as the…
As part of its plan to mitigate the effects of COVID-19, which has left much of the world immobile, Finnair announced it will be laying off 10% of its employees, accounting for more than 700 people. The decision comes after months of negotiations between the airline and employee unions regarding…
The aviation industry in China is seeing the light at the end of the tunnel. China Southern Airlines, the largest airline in the country is planning to take delivery of nine A321neo and two A319neo jets from Airbus. It is believed that the new aircraft could replace 24 Boeing 737…
On Sunday, the TSA screened 1,031,505 passengers - the first time the agency has seen a seven-digit number since March 2020. The numbers are a good sign that air traffic is picking up, but the airlines still have a long way to go before things get even close to normal.…
COVID-19 continues to drastically affect the airline industry, and several airlines — particularly in the U.S. — are actively and rapidly adding new routes to attract passengers and stay afloat. Meanwhile, Qantas looks to work with the Australian government to bring home 1,315 Australians who are currently stuck abroad for…
A glimmer of hope for a return to some kind of normality in the Trans-Tasman aviation market came a few days ago on Oct. 16, when Air New Zealand and Jetstar started operating flights under the new “Safe Travel Zone” agreed to by the Australian and New Zealand governments. At…
Bahamasair is once again the main talk of the government as the airline copes with the effects of COVID-19 on the island. The airline is currently looking to avoid shrinking its 595-person workforce as the airline has offloaded most of the airline’s costs from the carrier to the government at…
Sun Country Airlines, an airline specializing in ultra-low-cost and charter operations in the United States, has restarted plans for an Initial Public Offering (IPO) as soon as 2021 if demand appropriately picks up, Crain’s reports. Sun Country had hoped to push an IPO in April 2020, but the operational complexity…
While some carriers dig into existing markets for travel demand during the COVID-19 pandemic, many carriers are exploring new routes in attempts to capture whatever demand for travel exists. Across the world, the most aggressive recent expansion has been seen by low- and ultra-low-cost carriers. JetBlue has broken this trend…
