Exclusive
Trulli
Bob Crandall gives a speech during a Wings Club event (Video available: https://www.youtube.com/watch?v=sY9DHY98wGI)

‘This is the worst it’s ever been:’ An Interview with Former American Airlines Chairman Bob…

Airline industry tycoon Bob Crandall is no stranger to the peaks and pitfalls of the airline industry. As the former president and chairman of American Airlines from 1985 to 1998, Crandall is known for his unique cost-cutting strategies and outspokenness when it comes to investing in airlines. Long since retired, Crandall spent a significant amount of his professional career in the commercial airline business, including roles at TWA and American. He was widely looked upon favorably during his tenure, pioneering…

Ryanair Expects More Than $1 Billion in Losses

The impact of COVID-19 has been unprecedented in the air transport industry as in many economic sectors around the world. Many airlines are facing serious economic difficulties this year due to the important decrease in demand. Many big legacy carriers are asking national governments to help them with big loans…

SKY Airlines Plans to Issue $100 Million In Bonds, Go…

SKY, the Chilean airline owned by businessman Jürgen Paulmann, will look to the capital markets for an injection of resources that will allow the carrier to continue flying. For this, SKY Airlines plans to launch the issuance of bonds for up to $100 million. According to diariofinanciero, the airline has…

LATAM Gradually Restores Passenger Operations

In September, LATAM Airlines Group offered more frequencies to domestic destinations in Chile, Brazil, Peru and Ecuador and restarted the domestic operation in Colombia. On international flights, the novelties were the routes from Sao Paulo to Montevideo, and Santiago to Montevideo, two weekly flights from Santiago to Los Angeles and…

Avianca Holdings Receives US Court Approval to Access $2 Billion…

Avianca Holdings announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of New York to access its Debtor-In-Possession (DIP) financing totaling just over $2 billion. “The approval of the DIP financing package is a significant milestone and an important step forward for Avianca. We…

Vietnam Airlines Expects $655 Million Yearly Loss

As a result of the COVID-19 pandemic, Vietnam Airlines posted a $284 million loss in the first half of 2020 and expects its loss could reach $655 million by the end of the year. The airline recorded a remarkable year in 2019 and earned $4.3 billion. Vietnam has prevented the…

Interview: Regional Carriers at Fulcrum of U.S. Airline Industry Recovery

Two U.S. regional carriers are largely prevailing as victors in a battle for survival as airlines globally continue to weather an unprecedented downturn in travel demand. Phoenix-based Mesa Airlines and St. George, Utah-based Skywest Airlines have both posted profits for the last quarter while larger airlines report losses in the…

Lufthansa Group Announces Government Support for Financial Aid

German-based Lufthansa Group announced that the German government had approved a large financial stabilization package for the airline group in response to the COVID-19 pandemic. The total package will equate to about 9 billion euros ($9.8 billion) for the operating group. Along with Germany, Lufthansa owns airlines in Austria, Switzerland…

Korean Carriers Seek Financial Support from Government

With the coronavirus pandemic raging through the world, the aviation industry is facing unprecedented times. South Korea, one of the hotspot outside China in Asia, could experience a nightmare scenario. The Korea Civil Aviation Association (KCA) demanded the government offer a bailout package to airlines amid the unparalleled crisis.  KCA…

Embraer Fiscal Year Financial Results ‘Below Expectations’

Embraer delivered its financial results for the year 2019 which some analysts consider to be below expectations. This will add to the fact that the joint venture with Boeing is now delayed as the European Union says it sees a risk for diminished competition in the airliner market. Embraer delivered…