The first quarter of the year has been a bloodbath for the travel industry. Planes are flying empty, hotels are empty and other industries impacted by travel and tourism are hurting. Airlines are cutting capacity by as much as 80 percent in the U.S. and foreign airlines such as Emirates are completely grounded. Turkish Airlines has suspended all international flights. Hotel occupancy is in the low teens and even in the single digits in some places. Many hotels are closing…
Since the beginning of March, with the first cases of COVID-19 in Brazil, demand for domestic travel saw a dramatic and unprecedented drop. While the number of passengers and financial results were in a positive trend since 2019, airlines had to quickly react to this new scenario. To avoid a…
As Coronavirus spread urges the world to stay to contain the contagion curve; airlines are forced to slash capacity in a move that is perhaps unprecedented in history. With thousands of aircraft temporarily in the ground, airlines in the U.S storing these frames in different locations across the country, particularly…
Porter Airlines has received funding to help it through the COVID-19 pandemic. The Toronto-based airline has received around CAD 135 million dollars ($96 Million USD) through Export Development Canada, with the funding secured by a portion of its fleet. The airline has suspended operations since March 20, with a tentative…
After halting international services into and out of the country, the Indian government announced Monday that it would suspend domestic passenger services starting March 25 in an effort to slow the spread of the novel Coronavirus across the country. Airlines were directed to halt their scheduled passenger operations after 11:59…
The global COVID-19 crisis has impacted aviation profoundly as airlines quickly adapt to crippling demand for air travel and a new reality of border restrictions, grounded jets and seeing sub 20 percent flight load factors. Over 85 airlines across the globe have announced a temporary halt in flight operations and…
The British Airline Pilots’ Association (BALPA) has discounted reports made earlier this week that the U.K. Chancellor (the U.K. Government’s chief financial minister) would only include airlines in any industry bailouts under consideration “as a last resort." BALPA General Secretary Brian Strutton said: “It is unhelpful that correspondence is leaked…
As the Coronavirus pandemic continues to engulf the United Kingdom, London City airport has announced that it will close to commercial and private traffic until at least May. “We have made the decision to temporarily suspend all commercial and private flights from the airport,” the airport said in a statement.…
Singapore's Finance Minister Heng Swee Keat announced on Thursday that the carrier is considering a corporate action with the support of Temasek Holdings, its state-owned majority stakeholder. Heng also stated that the action "will be announced in due course." "We will make sure SIA comes out of this in good…
Chicago-based Boeing’s net sales for 2020 currently sits at 28 aircraft cancellations. The airline recorded its first orders of the year in February following a quiet January. BBAM announced an order for three converted 737-800 freighters and two weeks later All Nippon Airways (ANA) committed to a firm order for…
