coronavirus

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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Qatar Airways Plans to Reduce Fleet by 25 Percent

Air travel has been greatly impacted by the coronavirus pandemic and aircraft are gradually becoming airborne again after months of hiatus and uncertainty caused by the COVID-19 crisis. Qatar Airways CEO Akbar Al Baker may share the same idea but he is a little skeptical that air travel will take some time, if not years, […]

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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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Delta Halts Service to 10 Airports Around the U.S.

Facing tremendous challenges posed by the new coronavirus, Delta is suspending flights to ten airports across the country. Delta announced on May 8 that it is cutting service to 10 U.S. secondary airports as part of a previously announced 85% overall reduction in its service schedule. Notably, Delta is halting service to Oakland International Airport in […]

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Bailout for Brazilian Airlines Likely to Be Confirmed Next Week

After several weeks of discussions between companies, agents of the federal government and private banks, an agreement surrounding a bailout for airlines in Brazil is set to be closed by the end of next week, according to Brazil Journal, a local economic news website. The COVID-19 crisis fell severely over the country’s airline industry, just […]

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A Week of Positives for an Ailing Airline Industry

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 […]

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Lufthansa Group to Restart Flights to 106 Destinations in June

Lufthansa, Eurowings and Swiss Air Lines will restart a number of services to domestic and European destinations from June after seeing a growing interest in air travel by its passengers. The Lufthansa Group, the parent company of those three airlines in addition to numerous others, will bring 80 aircraft back into service. This means that […]

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IAG Signal ‘Meaningful Return’ to Service in July; Post Q1 Loss of $146 million

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 […]

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Airbus Moves a Step Closer Towards Technology for Safer Skies

Airbus has announced that it has made a step forward in co-developing a solution for air travel security operations. In partnership with Koniku Inc., the European Aerospace consortium has begun researching into the capability to detect biological hazards, as well as chemical and explosive threats, on an aircraft or in an airport. The ‘solution’, the […]

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