Swiss International Airlines announced its consolidated financial results for the first half of financial year 2020. Global travel and quarantine restrictions imposed on a global scale impacted SWISS' financial results severely for the first half of 2020. Switzerland’s national flag carrier turned in an operating loss of 266.4 million francs ($291 million) in the first six months of 2020 — a figure that pales in comparison to the net profit of 245.3 million francs in the same period last year…
As the aviation industry continues to be persistent, airlines stay firm with their struggle to compete and find new ways to attract passengers back onto the countless, practically empty aircraft and retrieve the travel demand that remains to stay afloat, during this period. In the U.S., American, Alaska Airlines, Delta,…
There are reportedly plans for the formation of a joint venture between Condor and TUI fly Deutschland, according to local outlet Boersenzeitung, citing sources with knowledge of the matter. According to the report, the driving force for the merger of the two state-supported carriers comes from local and national politicians. Condor…
The warning signs were there in March when the coronavirus stopped the aviation industry dead in its tracks. The knock-on effects from the global downturn of passenger traffic were already being calculated by airlines across the world, with decisions being made for what life would look like for airlines post-COVID.…
India has signed bilateral flight agreements with the U.S. and France, under which airlines of each country will be allowed to operate international flights to and from India starting on Friday. “Air bubble arrangements with the U.S., the [United Arab Emirates], France & Germany are being put in place" by…
As countries throughout the world start easing travel restrictions due to the COVID-19 pandemic, airlines have seen an increase in demand for bookings as the year continues. The Lufthansa Group announced that it has published its flight schedules for subsidiary airlines through Oct. 24, the end of the normal summer…
Deutsche Lufthansa AG shareholders have agreed to support a bailout package from the German government which will assist the airline group to survive in a post-COVID environment. At the ‘Extraordinary General Meeting’ held on Thursday, the €9 billion ($10.1 billion) package which gives the government a 20% stake and two…
The fate of German carrier Lufthansa's federal rescue package will be sealed at the company’s Extraordinary General Meeting June 25, when airline’s shareholders will vote on whether to accept the terms in the deal's current state. Although the bailout has been approved by the state, shareholders still have to give…
Air France has announced its plan to increase the number of scheduled passenger flights it will offer in the summer as it expects a rise in passenger traffic over the coming period. According to the announcement released on Friday, it will serve passenger flights to nearly 150 destinations in the…
The COVID-19 pandemic will claim more jobs in the airline industry. German low-cost carrier Condor Airlines has announced that it will be reducing its staff load by 15-25%, an airline executive has announced in an interview with German newspaper Frankfurter Allgemeine Sonntagszeitung. The move will affect between 650 and 1,000…
