LATAM Airlines Files for Bankruptcy Protection
The largest airline in Latin America, LATAM Airlines Group has filed for Chapter 11 bankruptcy protection due to economic problems attributed to the COVID-19 pandemic. The filing includes all its [...]
Singapore Airlines Posts First Loss in its 48 Year History
Singapore Airlines (SIA) has posted a $149 million full-year net loss, its first annual loss in 48-years of existence and a shift from the $480 million profit recorded in the [...]Tanzania Re-opens its Airspace for International Flights
Tanzania lifted the ban on international flights on Monday, allowing both scheduled and non scheduled flights into her airspace. The directive from President John Pombe Magufuli seeks to bring back [...]EgyptAir to Get $127 Million State Aid
Egypt's flag carrier, EgyptAir, is set to receive $127 million (KSh13.6 Bn) from the government to enable it to remain afloat during the COVID-19 pandemic that has seen airline revenues [...]Cathay Pacific Group Posts $581 Million Loss
Cathay Pacific Group's two main airlines, Cathay Pacific and Cathay Dragon have posted a combined unaudited loss of $581 million in the first four months of 2020. In April, the [...]More Job Losses in Airlines as Emirates and Air Canada Announce Lay Offs
Airlines faces more job losses as major airlines down their planes cut off jobs. Emirates is planning to decommission 40% of the Airbus fleets and lay off almost a third [...]KQ May Lose Up to 76% of Travel Market by December
Kenya's national carrier, Kenya Airways (KQ), may lose up to 76% of its passenger market by December 2020, owing to the coronavirus pandemic. This statement was made during a webinar [...]Emirates, Air France Ryanair to Resume Passengers Flights
Dubai’s state-owned airline, Emirates, France's Air France-KLM, and Irish budget airline,Ryanair, have announced plans to resume scheduled passenger flights, albeit on a small scale. Emirates plans to resume flights to [...]Delta Airlines to Retire Boeing 777 from its Fleet
Delta Airlines has announced plans to permanently remove Boeing 777 from its fleet by the end of 2020. The move seeks to reduce costs and preserve cash amid an unprecedented [...]South Sudan Resumes Local International Flights
South Sudan has reopened its airports, signifying a resumption in both local and international flights, after the country eased its COVID-19 lockdown restrictions. According to the country's Civil Aviation, passengers [...]Avianca Airline Files for Bankruptcy
Colombia's national carrier, Avianca, has filed for Chapter 11 bankruptcy in the US Southern District of New York. The coronavirus pandemic has seen the airline suspend its international flights since [...]Emirates Group Profit Drops 28%
Emirates Group has recorded a 28% decline in full-year profit as the impact of the coronavirus cut into earnings in March. The group results show that net income for the [...]
