Airlines

Crisis relief
2 days ago

U.S. moves to extend airline payroll support

U.S. moves to extend airline payroll supportWASHINGTON - A group of Senate Republicans on Wednesday and President Donald Trump backed extending a 25 billion Dollar payroll assistance program for U.S. airlines, after warnings that carriers may be forced to cut tens of thousands of jobs this fall without further government action.
Chapter 15
3 days ago

Virgin Atlantic seeks U.S. bankruptcy protection

Virgin Atlantic seeks U.S. bankruptcy protectionWASHINGTON - Virgin Atlantic Airways is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday.
Airlines
4 days ago

Easyjet expands limited schedule as bookings rise

Easyjet expands limited schedule as bookings riseLONDON - British low cost airline Easyjet said it planned to fly about 40 percent of its capacity over the rest of the summer, more than originally scheduled as bookings were stronger than expected despite ongoing restrictions due to the pandemic. The airline also expects an improving financial performance.
Road to recovery
4 days ago

Lufthansa reignites business travel at London City Airport

Lufthansa reignites business travel at London City AirportLONDON - London City Airport and Lufthansa have announced that flights between central London and Frankfurt will resume at the start of September. The German airline will commence two flights a day between the two global financial centres from Monday 7th September in a bid to restore business travel.
Covid-19
5 days ago

British Airways pilots accept pay cuts

British Airways pilots accept pay cutsLONDON - British Airways pilots accepted a 20 percent pay cut in an effort to save their jobs - the airline will now limit redundancies to one fifth of the 1,255 pilots it initally had put on notice. At the same time, Britain curbed rules for a rehiring bonus for furloughed staff at large companies.
Airlines
7 days ago

Qatar Airways leads IAG capital increase

Qatar Airways leads IAG capital increaseLONDON - British Airways owner IAG plans to raise 2.75 billion euros from shareholders to repair the coronavirus-sized hole in its finances and brace for a more chaotic future. CEO Willie Walsh said the plan, backed by biggest shareholder Qatar Airways, was needed to survive the most severe crisis in aviation history.
Loss
Older than 7 days

AirAsia X seeks new liquidity

AirAsia X seeks new liquidityKUALA LUMPU - Malaysia's AirAsia X fell to a net loss in its first quarter as the pandemic slowed air travel demand and continues to face severe liquidity constraints, it said in a bourse filing late Thursday. It was the airline's fourth straight quarterly loss.
Unite
Older than 7 days

British Airways faces strikes over job cuts

British Airways faces strikes over job cutsLONDON - British Airways faces strike action over its plans to cut jobs, pay and conditions, the trade union representing cabin crew said, piling more pressure on the airline which has been hard hit by the coronavirus crisis and quarantine rules. The airline is pushing a fire and rehire move by early August.
IATA
Older than 7 days

Airlines more wary about quick recovery

Airlines more wary about quick recoveryPARIS - Global airlines cut their coronavirus recovery forecast, saying it would take until 2024 - a year longer than previously expected - for passenger traffic to return to pre-crisis levels. The segment of business travel might face the longest and steepest path to commercial recovery.
Quarantine
Older than 7 days

UK quarantine move hits fragile airline recovery hopes

UK quarantine move hits fragile airline recovery hopesPARIS - Britain's surprise move to quarantine passengers arriving from Spain dealt a heavy blow to European airlines already reeling from the coronavirus crisis - and sowed new doubts about the prospects for a steady travel recovery. The decision sparked criticism among industry bodies
Travel restrictions
Older than 7 days

Jet2 and TUI axe mainland Spain flights

Jet2 and TUI axe mainland Spain flightsMANCHESTER - Budget airline Jet2.com said on Monday it would be cancelling flights from Britain to 10 destinations in Spain on Tuesday, after earlier cancelling flights to four destinations. Other airlines also adapt their schedules to tighter travel regulations. Tour operator TUI will suspend all holidays to mainland Spain.
Airlines
Older than 7 days

Ryanair posts smaller than expected loss

Ryanair posts smaller than expected lossDUBLIN - Ryanair reported on Monday an after-tax loss of 185 million euros (168.64 million pounds) for the three months to June 30 after COVID-19 reduced traffic by 99 percent, and the airline said it was impossible to say whether it might turn a profit this year.
FAA
Older than 7 days

Alaska Airlines incident prompts 737 inspections

Alaska Airlines incident prompts 737 inspectionsWASHINGTON - The Federal Aviation Administration (FAA) on Friday issued an emergency airworthiness directive for 2,000 U.S.-registered Boeing 737 NG and Classic aircraft, warning of possible corrosion on parked planes that could lead to a dual-engine failure.
Airlines
Older than 7 days

Finnair braces for steep Q3 loss

Finnair braces for steep Q3 lossHELSINKI - Finnair plunged to a second-quarter loss as the coronavirus pandemic kept most flights grounded, and said it would make a similar loss this quarter, despite an increasing number of flights. Shares in Finland's flagship airline fell 4.5% to 0.50 euros in Friday trading.
British Airways
Older than 7 days

IAG to raise up to 2.5 billion euros with share issue

IAG to raise up to 2.5 billion euros with share issueLONDON - British Airways owner IAG is set to issue shares at the end of the summer in a bid to raise up to 2.5 billion euros ($2.88 billion) to keep the business afloat and avoid a government bailout, several sources said. IAG would not comment on new plans to tap the markets.
Covid-19
Older than 7 days

American and Southwest reconsider summer schedules

American and Southwest reconsider summer schedulesHOUSTON - American Airlines and Southwest Airlines are rethinking the number of flights they had planned to add to their schedules for August and September as Covid-19 cases accelerated in the United States, passing 4 million on Thursday. The airlines still burn millions of cash each day.
British Airways
Older than 7 days

UK pilots union recommends accepting reduced pay

UK pilots union recommends accepting reduced payLONDON - UK pilots' union BALPA is recommending that its 4,300 members accept British Airways' proposal of about 20 percent reduced pay and voluntary severance to limit the amount of forced job cuts, the union said on Wednesday. Hundreds of pilots will be placed in a pooling scheme.
Airlines
Older than 7 days

Ryanair expects to close German bases

Ryanair expects to close German basesDUBLIN - Ryanair is to close its base at Frankfurt Hahn Airport, and bases at Berlin Tegel and Duesseldorf airports are likely to shut down at the end of the summer after German pilots rejected proposed pay cuts, the Irish airline said on Tuesday.
Airspace ban
Older than 7 days

Qatar Airways seeks compensation from Arab bloc

Qatar Airways seeks compensation from Arab blocDOHA - Qatar Airways is seeking at least $5 billion in compensation from Saudi Arabia, the United Arab Emirates, Egypt and Bahrain for blocking it from their airspace, the state-owned carrier said on Wednesday. The airline has been banned from the airspace of the four countries since June 2017.
Fleets
Older than 7 days

Last Qantas 747 prepares to depart for Mojave retirement

Last Qantas 747 prepares to depart for Mojave retirementSYDNEY - Qantas Airways chief executive Alan Joyce signed the carrier's last Boeing Co 747 jet at Sydney airport on Wednesday, shortly before it was due to fly to the Mojave Desert for a retirement brought forward by the coronavirus pandemic. Only a few 747-400 remain in operation in the global airliner fleet.

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