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Norwegian Air’s Pilot and Cabin Crew Subsidiaries in Sweden and Denmark File for Bankruptcy
Norwegian Air announced on Monday that the company’s pilot and cabin crew subsidiaries in Sweden and Denmark have filed for bankruptcy.
Apr 20, 20202 min read
U.S. Airlines Reveal Details of Government Aid Received From CARES Act
Late Tuesday, several U.S. carriers revealed the details of their expected aid from the Coronavirus Aid, Relief and Economic Security...
Apr 15, 20208 min read
IATA Update Projects Over Half of 2020 Passenger Revenues at Risk Due to Global COVID-19 Pandemic
The International Air Transport Association (IATA) released an updated analysis on Tuesday which projects a $314B drop in passenger...
Apr 14, 20203 min read
Lufthansa Group Reports Adjusted EBIT of €2 Billion in Challenging Economic Environment
The Lufthansa Group reported on Thursday a 2019 Adjusted EBIT of €2 billion in a very difficult economic environment. The company has...
Mar 19, 20203 min read
Air Transat Announces a Gradual Suspension of Operations, Repatriation Flights Continue
Air Transat announced on Wednesday that they will gradually suspend operations due to the closing of Canada’s borders and similar...
Mar 18, 20202 min read
JetBlue Sales in March Drop From $22M Daily to Less Than $4M, Issuing $20M in Credits Daily
In a memo to their 23,000 crewmembers on Wednesday, JetBlue’s CEO Robin Hayes and President & COO Joanna Geraghty outlined the gravity of...
Mar 18, 20202 min read
Allegiant Travel Announces Strategic Operational Measures, Suspends Sunseeker Resort Construction
Allegiant Travel announced on Wednesday a series of strategic operational measures to preserve liquidity, including the temporary...
Mar 18, 20202 min read
Azul Suspends All International Flights, Will Cut Capacity by up to 50 Percent in April
Azul announced on Monday that they have suspended all international flights, except flights leaving Campinas, from March 16, 2020. The...
Mar 17, 20202 min read
Air New Zealand Announces 85 Percent Capacity Reduction on Long Haul Flights in Coming Months
Air New Zealand announced on Monday that they will be reducing long haul flying by 85 percent in the coming months. The carrier will...
Mar 17, 20202 min read
Qantas Group Cuts International Capacity by 90 Percent, Domestic Capacity by 60 Percent Until May
The Qantas Group announced on Tuesday that they will be slashing international capacity by 90 percent and Group domestic capacity by...
Mar 17, 20202 min read
Brussels Airlines Temporarily Suspends All Flight Operations Until April 19, 2020
Brussels Airlines announced on Tuesday that they will temporarily suspend all flight operations from March 21st through April 19, 2020.
Mar 17, 20202 min read
Air Canada Reduces Second Quarter Capacity by 50 Percent, Continues Liquidity Preservation Measures
Air Canada announced on Monday that they will reduce second quarter capacity by 50 percent versus Q2 2019. The carrier will also continue..
Mar 16, 20203 min read
Finnair Cuts Capacity by 90 Percent, Maintains Critical Domestic Connections in Finland
Finnair announced on Monday that they will cut capacity by 90 percent from April 1, 2020, while maintaining critical domestic air...
Mar 16, 20202 min read
Norwegian Air Cancels 85 Percent of Flights, Temporarily Lays Off 7,300 Team Members
Norwegian Air announced on Monday the cancellation of 85 percent of their flights and the temporary layoff of around 7,300 colleagues...
Mar 16, 20202 min read
Virgin Atlantic Takes Decisive Actions to Safeguard Company’s Future Against COVID-19
Virgin Atlantic announced on Monday that the company is taking drastic measures to safeguard the carrier’s future due to government...
Mar 16, 20202 min read
Austrian Airlines to Temporarily Suspend Regular Flight Operations From Wednesday, March 18, 2020
Austrian Airlines announced on Monday that they will temporarily suspend regular flight operations from Wednesday, March 18, 2020 due to...
Mar 16, 20202 min read
IAG Takes Actions to Reduce the Financial Impact of COVID-19 Across Group Airlines
The International Consolidated Airlines Group (IAG) announced on Monday that they are taking actions to reduce the financial impact on the..
Mar 16, 20202 min read
United Airlines to Cut Capacity by 50 Percent, Expecting Short-Term Load Factors of 20-30 Percent
In a joint statement released Sunday night, United Airlines CEO Oscar Munoz and company President J. Scott Kirby announced a capacity cut...
Mar 16, 20202 min read
SAS Temporarily Suspends Most Flights, Will Furlough up to 10,000 Team Members, 90% of Workforce
SAS announced on Sunday that they will temporarily halt most of their flights based on government restrictions and substantially reduced...
Mar 15, 20202 min read
Delta Cancels All Flights to Continental Europe for 30 Days, Except London – Parks up to 300 Planes
Delta Air Lines CEO, Ed Bastian, said in a memo to employees that the carrier will reduce capacity by 40 percent in the coming months...
Mar 13, 20202 min read
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