- Qantas Shares Jump After It Unveils Coronavirus Strategy, Share Buyback[Feb. 19, 2020]
Qantas Airways Ltd said on Thursday it will ground the equivalent of 18 planes, freeze recruitment and ask its 30,000 staff to use up annual leave as it grapples with falling demand from Asia due to the coronavirus epidemic.
- Air France-KLM Expects Coronavirus Impact of EUR 200 Million, Could Climb Higher[Feb. 20, 2020]
Air France-KLM expects the coronavirus outbreak to wipe EUR 150 million to EUR 200 million (US$162-216 million) off earnings by April, assuming China flights remain suspended until then, the Franco-Dutch airline group said on Thursday.
- Air Canada Profit Misses on 737 MAX Grounding Costs, Shares Fall[Feb. 18, 2020]
Air Canada missed analysts' estimates for quarterly profit on Tuesday, as the airline spent more to fly less-efficient replacement aircraft due to the global grounding of Boeing Co's 737 MAX jet.
- Qatar Airways Ups Holding in BA-owner IAG to 25.1% with New US$600 Million Stake[Feb. 19, 2020]
Qatar Airways has bought a US$600 million stake in British Airways-owner IAG to increase its holding to 25.1%, advancing its strategy of building a global portfolio of international carriers.
- Economic Impact Estimates Due to COVID-19 Travel Bans[Feb. 13, 2020]
The International Civil Aviation Organization (ICAO) has produced some preliminary forecasts relating to the expected economic impacts from COVID-19 travel bans on international air connectivity.
- Qatar Airways Swoops for RwandAir Stake and Eyes Bigger LATAM Holding[Feb. 06, 2020]
Qatar Airways is in talks to buy a 49% stake in Africa's RwandAir and is interested in doubling its holding in LATAM Airlines Group to 20%, its chief executive said on Wednesday.
- Ryanair Boss Joins Condemnation of UK Bailout of Flybe[Jan. 16, 2020]
The boss of Irish low-cost airline Ryanair has attacked the UK government-backed rescue of regional airline Flybe, joining industry heavyweight Willie Walsh in opposing state help for a private company.
- UK's Stobart Invests US$12 Million in Rescue Of Airline Flybe[Jan. 16, 2020]
Britain's Stobart Group will provide 9 million pounds (US$11.8 million) in funding for Flybe as part of this week's government-backed rescue of the regional airline, the infrastructure group said on Thursday.
- Apollo, Greybull, LOT to Bid for Thomas Cook Airline Condor: Source[Jan. 17, 2020]
Condor, the airline that used to belong to Thomas Cook, has attracted interest from buyout groups Apollo and Greybull as well as Polish carrier LOT, which are expected to submit final bids next week, a person close to the matter said.
- British Airways-Owner IAG Lifts Ownership Restrictions, Boosting Shares[Jan. 17, 2020]
British Airways-owner IAG lifted a restriction on non-EU investors' ability to buy its stock, helping boost its share price by more than 5%.