Norwegian Air’s July traffic down 90% year on year
Norwegian Air’s NORR.OL July passenger volume fell by 90.4% from a year earlier as most of its fleet remained grounded… Read More »
British Airways owner to go ahead with crucial $3.3b rights issue
But with extensive travel restrictions in place, it expects recovery only in 2023 British Airways will try and defer new… Read More »
A second wave of COVID-19 cases can hit airlines hard
If new cases hit, this could push recovery into next year, says CEO Stormy skies… what with COVID-19 and fresh… Read More »
Southwest cites ‘abrupt’ demand drop, slows capacity growth
Carrier reports July load factors in the 40-45% range. A sudden reversal in incrementally positive demand trends will force Southwest Airlines to… Read More »
Airbus fails to net an aircraft order for third straight month
Clients are pushing back even on agreed orders, and inventory is piling up for Airbus Airbus is getting hit with… Read More »
Airbus to cut 15,000 jobs to survive coronavirus crisis
Airbus is cutting 15,000 jobs within a year, including 900 already earmarked in Germany, saying its future is at stake… Read More »
NokScoot becomes victim of COVID-19 pandemic
Singapore Airlines-Nok Air JV folds in face of passenger demand drop. The board of NokScoot has passed a resolution to… Read More »
Bain Capital agrees with Virgin Australia administrator to buy struggling airline
U.S. private equity group Bain Capital said on Friday it has agreed with the administrator of Virgin Australia Holdings Ltd… Read More »