Latin American airline Avianca said on Monday it will receive a US$200 million loan from controlling shareholders United Airlines and Kingsland Holdings Limited after it successfully exchanged hundreds of millions of dollars in bonds.

British Airways owner IAG warned on Thursday full-year operating pretax profit will be 215 million euros lower than last year, as major pilot strikes grounded thousands of flights.

Slovenia's Adria Airways has cancelled almost all of its flights for Tuesday and Wednesday, potentially affecting around 3,700 passengers, because it has been unable to access cash to continue flying, it said on Tuesday.

Delta Air Lines should consider increasing its planned investment in the rescue of Alitalia, Italian Prime Minister Giuseppe Conte said on Saturday as talks over the relaunch of the Italian flagship carrier drag on.

French airline XL Airways has called on Air France to discuss a rescue deal to avert the collapse of the budget carrier that halted ticket sales and payments last week.

Thomas Cook, the world's oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.

South Africa's cash-strapped national airline SAA says a government cash injection of 5.5 billion rand (US$376 million)approved for the 2019/20 financial year is expected at the end of the month but it still needs more money, a presentation to lawmakers showed on Wednesday.

Qatar Airways reported a loss of 2.3 billion Qatari riyals (US$639 million) on Wednesday for the year ending March 31, as it grappled with the second year of an embargo by neighbors that has restricted its air routes and driven costs higher.

State-owned Chinese carriers posted higher revenues in the first half of the year although net profits slipped because of the slower pace of travel demand along with the grounding of nearly 100 troubled B737 MAX aircraft and the postponed delivery of new jets.

China's top three airlines are bracing for a further margin squeeze as softer travel demand pressures passenger yields and a weakening yuan currency inflates costs, analysts said, as many of them slashed their annual profit forecasts for the carriers.