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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
Norwegian Air Faces Immediate Liquidity Crisis as the Carrier Takes Severe Austerity Measures
Norwegian Air announced on Thursday the grounding of 40 percent of their long-haul fleet and cancellation of up to 25 percent of...
Mar 13, 20202 min read
Air Transat Reports First Quarter Operating Loss of $25.1M on Revenue of $692.8M
Transat A. T. Inc. announced on Thursday first quarter revenues of $692.8 million, an adjusted operating income of $27.4 million and an...
Mar 12, 20202 min read
Cathay Pacific Airways Reports Profit of HK$1.7B on Revenue of HK$107B for 2019
Cathay Pacific Airways reported a 27.9 percent year-over-year profit decline to HK$1.691 billion on a 3.7 percent decline in revenue on...
Mar 11, 20202 min read
Delta Air Lines Takes Actions to Reduce Financial Impact of Reduced Demand Environment
Delta Air Lines announced on Tuesday that they will remove 15 points of system capacity in the current reduced-demand environment.
Mar 10, 20202 min read
Etihad Airways Announces 55 Percent Cumulative Improvement since 2017 as Transformation Continues
Etihad Airways announced Thursday a 32 percent year-over-year improvement in core operating performance. The carrier reported $6.5...
Mar 6, 20202 min read
With the Overnight Collapse of Flybe, UK Carriers Scramble to Pick up Routes, Launch Rescue Flights
Struggling British regional carrier Flybe collapsed overnight, leaving competitors scrambling to launch rescue flights and pick up routes...
Mar 5, 20203 min read
flydubai Reports 2019 Profit of $53.9M on Revenue of $1.6B, Carries 9.6M Passengers
Flydubai reported on Wednesday a 2019 profit of $53.9 million of revenue of $1.6 billion. Annual revenue was down 2.6 percent...
Mar 4, 20203 min read
Avianca Reports Fourth Quarter Adjusted Operating Profit of $98.5M, Full Year 2019 Profit of $181M
Avianca reported on Friday a fourth quarter adjusted operating profit of 98.5 million and a full year adjusted operating profit of $181...
Mar 1, 20202 min read
IAG Reports Fourth Quarter Operating Profit of €765M, Full Year 2019 Operating Profit of €3.3B
The International Consolidated Airlines Group (IAG) reported on Friday a fourth quarter operating profit of €765 million and a full year...
Mar 1, 20202 min read
SWISS Celebrates Inaugural Flight to Osaka; Lufthansa Group Adopts Austerity Measures
Swiss International Airlines celebrated their inaugural flight to Osaka on Sunday. Earlier this week, the Lufthansa Group announced the...
Mar 1, 20202 min read
Air New Zealand Reports Half Year Interim Profit of $198M, Maintains Dividend
Air New Zealand reported an interim profit of $198M on Thursday for the six months ending December 31, 2019, compared to $217M for the...
Feb 29, 20202 min read
Qantas Reports First Half Fiscal Year 2020 Financial Results
Qantas reported on Thursday their half-year financial results for fiscal year 2020. The carrier reported an underlying profit before tax...
Feb 20, 20202 min read
Air Canada Reports 2019 Operating Income of $1.65B on Record Revenue of $19.1B
On Tuesday, Air Canada reported a 2019 operating income of $1.65B compared to $1.5B for FY 2018. The airline reported record operating...
Feb 18, 20202 min read
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