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 [...]Alitalia's $3.3 Million Cash Injection from State
Italy’s flag carrier, Alitalia, is set to receive a $3.3 million cash injection from the Italian government as it plans on nationalizing the carrier. In March, the Italian government approved [...]Qantas Airways Gets $550 Million in Debt Funding
Australian airline, Qantas Airways has secured $550 million in debt funding against three of its Boeing 787-9 aircraft. This new funding follows a previous $1.05 billion raised in March against [...]South Africa Hints at New National Airline
South Africa's state airline, South African Airways (SAA), is set to be restructured into a new airline, which will still be the country's flag airline. The new airline will involve [...]Ryanair Set to Retrench 3000 Employees
Irish budget airline Ryanair plans to retrench 3000 staff members and reduce the employee wages by up to 20% as COVID19 continues to hurt businesses. The airline expects passenger numbers and [...]
