airline companies - updates

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Germany's beleaguered Lufthansa to quit Frankfurt's Dax 30

Jun 05, 2020 - 7:00 AM

Real estate group Deutsche Wohnen will replace Lufthansa on the Dax starting June 22

A display showing the German share index Stock Market Index DAX is pictured at the stock exchange in Frankfurt, Germany, on March 24, 2019. - The German Stock Exchange in Frankfurt rebounded strongly on March 24, with the Dax gaining 10.98% at closing in a market reacting to the extent of monetary support from central banks and state budgets, in the fight against the economic damage caused by the COV-19 coronavirus pandemic. (Photo by Daniel ROLAND / AFP)

China to allow limited U.S. passenger flights

Jun 04, 2020 - 12:05 PM

(UPDATED) China says it will now let foreign airlines operate one international route into the country each week, including American carriers which have been affected by a de facto ban

VIRUS IMPACT. A Delta Air Lines plane. Photo from Shutterstock

U.S. suspends flights by Chinese airlines in new spat with Beijing

Jun 03, 2020 - 11:10 PM

(3rd UPDATE) The move is triggered by China's failure to act on American carriers' requests to resume passenger service

AVIATION. A China Southern employee wears a face mask as she carries a model plane at Beijing Daxing International Airport on the eve of a 5-day national holiday on April 30, 2020. Photo by Greg Baker/AFP

Lufthansa reports net loss of 2.1 billion euros in Q1 2020

Jun 03, 2020 - 9:25 PM

With 'very slow recovery' seen for global air traffic, Lufthansa says it must 'implement restructuring programs in all areas'

PARKED. Lufthansa planes in Frankfurt, Germany. File photo from Shutterstock

Air Canada raises $1.2 billion to keep flying in pandemic

Jun 03, 2020 - 12:40 AM

Coronavirus-hit Air Canada raises funds through an offering of shares and convertible senior notes

FLAG CARRIER. An Air Canada Boeing 700-200. Photo from Shutterstock

France slams Ryanair 'blackmail' over job ultimatum

Jun 02, 2020 - 11:30 PM

'Blackmail is never an option,' says French Finance Minister Bruno Le Maire, as Ryanair is locked in a dispute with French employees

RYANAIR. Two of the airline's planes in Madrid, Spain. Photo from Shutterstock

U.N. agency recommends health guidelines for airlines

Jun 02, 2020 - 10:30 AM

From aircraft disinfection to passengers traveling light, here are the recommendations of the International Civil Aviation Organization

AVIATION. Medical personnel in protective gear serve breakfast and check for signs of fever among passengers inside a charter plane on their way back from Japan to Canadian Forces Base Trenton on February 20, 2020. Photo by Lolita Wiesner/AFP

Germany's Lufthansa inches closer to state bailout

Jun 01, 2020 - 11:35 PM

Lufthansa will now ask shareholders to back the $10-billion deal in an online meeting on June 25

LUFTHANSA. One of the airline's aircraft parked in Frankfurt, Germany. Photo from Shutterstock

Emirates could take 4 years to return to normal – chief

Jun 01, 2020 - 11:15 PM

'We have never been in this horrendous situation.... It is a huge structural change to our industry,' says Emirates president Tim Clark

EMIRATES. The Emirates fleet. Photo from airline's website

Emirates Airline says it must cut jobs over virus crisis

May 31, 2020 - 11:55 PM

'We have come to the conclusion that we unfortunately have to say goodbye to a few of the wonderful people that worked with us,' says Emirates

EMIRATES. An Emirates plane prepares to land at the Dubai International Airport on September 14, 2017. File photo by Giuseppe Cacace/AFP

Latin America's stricken airlines facing long haul to recovery

May 31, 2020 - 3:00 PM

With countries across Latin America in lockdown, flight activity plummets 93% and revenue losses are estimated at $18 billion

LATAM. A Boeing 787-9 Dreamliner of LATAM Airlines. Photo from Wikimedia Commons

In Senegal, the struggles of a small airline during coronavirus

May 29, 2020 - 3:00 PM

Transair, an ambitious company founded in Senegal 10 years ago, has no passengers because of the coronavirus pandemic – but it still has to fly its planes

A Transair Captain leaves his aeroplane to make his final checks for a technical flight at the empty Blaise Diagne International Airport in Dakar on May 22, 2020. - The Senegalese government in response to the outbreak of the COVID-19 coronavirus has closed down its borders and its regional borders to travellers. Local Airlines such as Transair have had to ground planes since March 2020. (Photo by JOHN WESSELS / AFP)

Ukraine International Airlines to axe third of staff

May 29, 2020 - 8:30 AM

'We deeply regret to have stopped employing 900 highly qualified professional[s] because of the substantial decline in the airline's operations,' says Ukraine International Airlines CEO Yevgen Dykhne

JOB CUTS. A Ukraine International Airlines plane sits on the tarmac. Photo from airline's website

Kuwait Airways to lay off 1,500 foreign employees

May 28, 2020 - 11:15 PM

Kuwait Airways says the decision to slash jobs is part of a 'comprehensive plan' to deal with the economic effects of the coronavirus pandemic

KUWAIT AIRWAYS. A plane of Kuwait Airways landing in Bangkok, Thailand. Photo from Shutterstock

American Airlines to cut 30% of management staff

May 28, 2020 - 10:55 PM

American Airlines currently has a team of 17,000 people in management and support, meaning the actions planned will cut about 5,100 jobs

AMERICAN AIRLINES. The carrier's planes in Chicago. Photo from Shutterstock

Geneva Airport schedules tentative takeoff for June 15

May 28, 2020 - 9:15 PM

Flag carrier Swiss Air Lines and British no-frills carrier EasyJet will resume services from Geneva on June 15 – but to a fraction of their former destinations

SAS loss deepens as lockdowns choke air travel

May 28, 2020 - 5:30 PM

Scandinavian airline SAS reports a net loss of 3.47 billion kroner (328 million euros, $362 million) in the 2nd quarter of its financial year

SAS. An aircraft of SAS leaving the Manchester Airport in the United Kingdom. Photo from Shutterstock

Norwegian Air Shuttle enters 'hibernation' to ride out virus crisis

May 28, 2020 - 5:00 PM

Norwegian Air Shuttle posts a loss of 3.28 billion kroner (302 million euros, $333 million) in the 1st quarter of 2020

RESCUE PLAN. A Norwegian Air plane. Photo from Shutterstock

EasyJet axes 30% of staff on virus fallout

May 28, 2020 - 4:50 PM

(UPDATED) Around 4,500 of EasyJet's 15,000 staff will be laid off

NO MORE FLIGHTS. The EasyJet check-in counters at Schiphol airport in the Netherlands on March 30, 2020. Photo by Evert Elzinga/ANP/AFP

New turbulence in high-stakes Lufthansa rescue drama

May 27, 2020 - 11:55 PM

Lufthansa says its supervisory board is currently 'unable to approve' the aid package from Germany, as conditions must be 'analyzed intensively'

LUFTHANSA. The German airline's planes parked at the Munich Airport on November 29, 2016. File photo by Christof Stache/AFP

Air France to cut 40% of domestic flights after bailout

May 27, 2020 - 9:30 PM

Air France pledges to halve its carbon emissions from domestic flights by 2024 as part of the conditions for receiving state aid

AIR FRANCE. An Airbus aircraft of the French airline. Image from Airbus

Airlines given $123 billion in state aid – IATA

May 27, 2020 - 8:00 AM

While governments are coming to the rescue of embattled airlines, the International Air Transport Association points out that $67 billion of the $123 billion committed so far would have to be repaid

VIRUS IMPACT. This undated handout, released on March 18, 2020, shows a crew member in a protective suit serving passengers onboard a flight between Europe and Vietnam. Photo from Vietnam Airlines/AFP

Ryanair to appeal Lufthansa rescue deal

May 26, 2020 - 11:40 PM

Ryanair argues that Germany's 'illegal state aid' to Lufthansa would 'massively distort competition'

RYANAIR. A man watches through the window as a Ryanair plane lands in Ukraine. Photo from Shutterstock

Latin America's largest airline LATAM files for bankruptcy in U.S.

May 26, 2020 - 2:40 PM

'LATAM Airlines Group and its affiliates in Chile, Peru, Ecuador, and Colombia entered into a voluntary reorganization under Chapter 11 protection in the United States,' says CEO Roberto Alvo

LATAM. A Boeing 787-9 Dreamliner of LATAM Airlines. Photo from Wikimedia Commons

German gov't to climb aboard at Lufthansa in virus rescue

May 25, 2020 - 9:55 PM

(UPDATED) To help Lufthansa, the German government offers a 3-billion-euro loan and 5.7 billion of 'silent' capital. It also seeks to buy 20% of the company for 300 million euros.

STOP. A Lufthansa plane is immobilized next to the runway that has been closed at the airport in Frankfurt, Germany, on March 23, 2020. Photo by Arne Dedert/Pool/AFP

Russia's Aeroflot reports 95% passenger drop in April 2020

May 25, 2020 - 8:45 PM

Aeroflot Group expects to gradually increase the number of flights across Russia in June 2020

AEROFLOT. A plane of the Russian airline. Photo from Wikimedia Commons

Virus-hit Fiji Airways cuts workforce by half

May 25, 2020 - 1:00 PM

Fiji Airways lays off 758 staff, while those remaining would face a permanent pay cut of 20%

FIJI AIRWAYS. A Fiji Airways plane moments before landing in California. Photo from Shutterstock

EasyJet to resume flying on June 15

May 21, 2020 - 4:00 PM

EasyJet's initial schedule will involve mainly domestic flights in Britain and France, with more routes to be announced

EASYJET. An Airbus A321 of low-cost passenger carrier EasyJet is pictured in France on November 24, 2016. File photo by Pascal Pavani/AFP

Lufthansa confirms talks with Berlin on $10-billion rescue

May 21, 2020 - 10:15 AM

If plans go ahead, it would be the first time the German government would hold a stake in former flag carrier Lufthansa since 1997

LUFTHANSA. Check-in desks of German airline Lufthansa are seen at the airport in Frankfurt am Main, Germany, on November 7, 2019. File photo by Silas Stein/AFP

Virus prompts Air France-KLM to ditch A380s

May 21, 2020 - 12:15 AM

Air France-KLM says it will switch to a newer generation of aircraft, including smaller Airbus A350 and Boeing 787 jets

JUMBO PLANE. A file photo of the Airbus A380 of Air France after landing in Cancun, Mexico on November 27, 2013. File photo by Elizabeth Ruiz/AFP

China becomes large shareholder in Norwegian Air Shuttle

May 20, 2020 - 9:55 PM

BOC Aviation, controlled by the Chinese state, will hold 12.67% of Norwegian Air Shuttle's share capital

SUBSIDIARY WOES. A Norwegian Air plane. Photo from Shutterstock

Aviation needs confidence to take off again – industry chief

May 20, 2020 - 7:45 PM

The International Air Transport Association says airlines are working on developing procedures that would be safe and permit economically viable operations

GRIM INDUSTRY. Commercial planes of Swiss International Air Lines are parked on the tarmac at the Geneva Airport on March 12, 2020. Photo by Fabrice Coffrini/AFP

Cash-strapped Thai Airways to seek restructuring

May 19, 2020 - 5:05 PM

Thai Prime Minister Prayut Chan-o-cha says the government will not let Thai Airways go bankrupt as it would 'affect more than 20,000 lives'

THAI AIRWAYS. An Airbus A380 of the Thai carrier takes off in Frankfurt, Germany. Photo from Shutterstock

Ryanair profit dives on virus, oil impact

May 18, 2020 - 11:45 PM

(UPDATED) Ryanair's profit including exceptional items sinks 27% to almost 649 million euros ($694 million) in the fiscal year ending March 2020

RYANAIR. Two of the airline's planes in Madrid, Spain. Photo from Shutterstock

Finnair to resume long-haul flights to Asia in July 2020

May 18, 2020 - 11:05 PM

Finnair would be one of the first European carriers to restart intercontinental flights

FINNAIR. Finland's flag carrier. Photo by Joi Ito/Wikimedia Commons

Air Canada to lay off half its workforce as virus bites

May 16, 2020 - 12:15 PM

Air Canada, which employs about 38,000 people, says it does not expect a return to normal for a long time

AIR CANADA. Planes parked at the Calgary International Airport in Alberta, Canada. Photo from Shutterstock

LATAM Airlines cutting 1,400 jobs in South America

May 16, 2020 - 10:55 AM

Jobs will be cut from operations in Chile, Colombia, Ecuador, and Peru due to the coronavirus pandemic, says LATAM Airlines

LATAM. A Boeing 787-9 Dreamliner of LATAM Airlines. Photo from Wikimedia Commons

Delta hints at job cuts as it retires the Boeing 777

May 15, 2020 - 10:15 AM

Delta Air Lines estimates that it will be overstaffed by 7,000 pilots this fall, according to a memo to employees

VIRUS IMPACT. A Delta Air Lines plane. Photo from Shutterstock

Singapore Airlines reports nearly $150-million virus loss

May 14, 2020 - 8:20 PM

With the coronavirus pandemic paralyzing the aviation industry, Singapore Airlines suffers a net loss for the financial year that ended on March 31

DREAMLINER. File photo of Singapore Airlines (SIA) world's first Boeing 787-10 aircraft taxis to the terminal after its arrival from Boeing's production facility in North Charleston, South Carolina at Singapore Changi Airport on March 28, 2018.  Photo by Roslan Rahman/AFP

Russia offers virus-hit airlines $316-million subsidy

May 14, 2020 - 5:30 PM

The Russian government says airlines can use the emergency funds for salaries and the cost of leasing planes, among others

AEROFLOT. A plane of the Russian airline. Photo from Wikimedia Commons

Ryanair contests aid to Air France, SAS before EU court

May 12, 2020 - 11:25 PM

'We will appeal any European Commission state aid decisions that discriminate unlawfully between airlines,' says Ryanair

Lufthansa-owned Brussels Airlines to slash workforce

May 12, 2020 - 11:10 PM

Brussels Airlines is planning to cut 1,000 jobs or 25% of its workforce

BRUSSELS AIRLINES. A Brussels Airlines plane taking off in Russia. Photo from Shutterstock

Virus-hit Ryanair to restore 40% of flights starting July 2020

May 12, 2020 - 5:30 PM

Ryanair says it will ensure that the flights comply 'with effective measures to limit the spread of COVID-19'

RYANAIR. Two of the airline's planes in Madrid, Spain. Photo from Shutterstock

'Likely' a U.S. airline will go under from coronavirus – Boeing chief

May 12, 2020 - 2:20 PM

Boeing itself is suffering as the global air transport industry is brought to its knees by the coronavirus pandemic

MANUFACTURING FACILITY. A Boeing worker in a face mask is pictured walking at the Boeing Renton Factory in Renton, Washington, on April 20, 2020. Photo by Jason Redmond/AFP

Indonesia eyes $1-billion rescue for virus-hit carrier Garuda

May 11, 2020 - 9:30 PM

Some $500 million in Garuda debt would reportedly be restructured with another $500 million in new loans to help the airline meet operational needs for the next 6 months

GARUDA INDONESIA. An aircraft of Indonesia's flag carrier, in Yogyakarta on July 30, 2016. Photo from Shutterstock

Colombian airline Avianca files for Chapter 11 bankruptcy in U.S.

May 11, 2020 - 8:00 AM

This move allows Avianca to restructure its debt as its operations 'have been dramatically affected by the COVID-19 pandemic'

AVIANCA. An Avianca plane in Cancun, Mexico, on October 19, 2014. Photo from Shutterstock

Emirates predicts 18-month lull in air demand

May 10, 2020 - 5:30 PM

Emirates posts 1.1 billion dirhams ($288 million) in net profit for the financial year ending March 2020, but it notes the severe impact of the coronavirus pandemic on the aviation industry

DEPARTURE. Mask-clad passengers bound for Frankfurt walk past check-in counters at Dubai International Airport on April 6, 2020. Photo by Karim Sahib/AFP

Lufthansa to resume some European services in June 2020

May 08, 2020 - 11:45 PM

'We sense a great desire and longing among people to travel again,' says Lufthansa board member Harry Hohmeister

PARKED. Lufthansa planes in Frankfurt, Germany. File photo from Shutterstock

Lufthansa in talks for partial German nationalization

May 07, 2020 - 10:55 PM

Lufthansa and the German government are discussing 9 billion euros in aid in exchange for a 25% stake in the airline

LUFTHANSA. One of the airline's aircraft parked in Frankfurt, Germany. Photo from Shutterstock

Italy to pour 3 billion euros into Alitalia

May 07, 2020 - 9:15 PM

Struggling carrier Alitalia is getting aid from the Italian government as the coronavirus batters the aviation industry

ALITALIA. A plane of the airline takes off in Frankfurt, Germany, bound for Rome, Italy. Photo from Shutterstock