- Russia's Aeroflot: Eager to Survive[Apr. 21, 2020]
Aeroflot has suspended ticket sales for all international flights departing before August, as Russia's coronavirus cases continue to rise at one of the fastest rates in the world.
- When the Coronavirus and Aviation Could See a Turning Point?[Apr. 21, 2020]
VariFlight predicts that U.S. will meet its coronavirus turning point in late April, while its domestic aviation market will gradually recover from the beginning of May. Meanwhile, European countries may heralds a longer restoration period due to the higher reliance on international networks.
- Virgin Australia Suspends Trading to Continue Talks over Rescue Package[Apr. 16, 2020]
Cash-strapped Virgin Australia Holdings Ltd on Thursday suspended trading in its shares to continue talks on financial aid and restructuring alternatives to help it weather the coronavirus crisis.
- Exclusive: Major U.S. Airlines Eyeing Government Loans after Grants - Sources[Apr. 16, 2020]
Several major U.S. airlines are preparing to apply this week for a US$25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said, as the industry braces for a slow recovery from the coronavirus pandemic.
- Norwegian Air Shares Plummet As Survival Hinges on Creditors[Apr. 14, 2020]
Norwegian Air shares plummeted again on Tuesday, and are now trading down around 97% from their 2015 peak, with the airline's survival depending on creditors accepting a rescue plan proposed last week.
- South African Government Won't Give SAA More Funds - Rescue Team[Apr. 15, 2020]
The South African government told specialists appointed to try to save South African Airways (SAA) that it was not able to give additional funds for rescue efforts, the specialists said on Tuesday.
- Airlines Mull Empty Seats and Masks for Coronavirus Recovery[Apr. 15, 2020]
Wizz Air is making plans to fly jets only two-thirds full to allow more space between passengers, it said on Tuesday, as airlines voiced concerns that anti-coronavirus measures could blight their profitability long after travel restrictions end.
- Chinese Airlines Report US$4.8 Billion Loss in First Quarter As Virus Erodes Travel Demand[Apr. 15, 2020]
Chinese airlines reported a total loss of 33.62 billion yuan (US$4.8 billion) in the first quarter as the coronavirus pandemic hit travel demand, the aviation regulator said on Wednesday.
- Global Airlines' Estimated Coronavirus Losses Rise to US$314 Billion: IATA[Apr. 15, 2020]
Estimated global airline losses from the coronavirus pandemic have climbed to $314 billion, 25% more than previously forecast, owing to the severity of the economic downturn and a slower than previously expected reopening of international routes.
- Delta Working with Airbus on Order Book after Deferring A350 Orders Linked to Latam[Apr. 14, 2020]
Delta Air Lines Inc confirmed on Tuesday it had taken over an order for 10 Airbus A350 jets from Latam Airlines Group, but said it had deferred several of the near-term deliveries and was working with Airbus on options across its entire order book.