IATA estimates aviation’s pandemic losses at $201bn October 4, 2021 The International Air Transport Association has estimated that the aviation sector will return to profitability in 2023. As a result of the pandemic, aviation will lose around $201bn before returning profitable in 2023. As explained by International Air Transport Association’s (IATA) director general Willie Walsh, losses in 2021 are expected to be nearly $52bn – [...]
Lufthansa chief executive: After Covid-19 airfares will surge October 4, 2021 Lufthansa’s chief executive has said ticket prices will soar as a result of air travel recovering from the pandemic. Lufthansa chief executive Carsten Spohr has warned that airfares will surge, with passengers paying the pandemic’s economic price. As reported by the Daily Telegraph, Spohr believes that before the pandemic plane tickets were too cheap and, [...]
Slot wars on the cards as Asian regulators threaten retaliation over new EU rules September 17, 2021 The aviation industry could be on the brink of a new trade war after Asian regulators warned they could retaliate over EU plans to force carriers to use 50 per cent of their take-off and landing slots during the winter season. Having frozen slot rules during the pandemic, the bloc in July announced that airlines [...]
London Luton summer passenger numbers down two-thirds on 2019 September 14, 2021 Just 1.2m passengers used London Luton airport over the summer months, a fall of two-thirds compared to pre-pandemic levels. As a result of the UK’s ever-changing travel restrictions, the airport said that this was 4.0 per cent than the number in 2020. It called on the government to give the sector more support in order [...]
The new carriers looking to shake up transatlantic air travel September 4, 2021 After nearly 15 months of closed borders and grounded planes travellers have flocked back to airlines, desperate for a taste of pre-pandemic life. But though short-haul flying has bounced back relatively fast, the long-haul market remains a shadow of its former self. For no market segment is this more true than the transatlantic market, one [...]
Air Partner shares climb as super-rich private jet bookings soar August 27, 2021 Shares in private jet hire firm Air Partner climbed 5.1 per cent this morning after the firm said that US bookings in the first half of the year were above pre-pandemic levels. Such has been the rise in bookings, the firm has been able to offset the decline in business travel, which remains in the [...]
Chaos at Heathrow Terminal 5 as staff forced to self-isolate July 12, 2021 Chaos at Heathrow Terminal 5 as staff forced to self-isolate
Take off: Ryanair to recruit 2,000 pilots as it prepares for travel market recovery July 12, 2021 Take off: Ryanair to recruit 2,000 pilots as it prepares for travel market recover
Senior ups forecasts on hopes of aviation recovery July 9, 2021 Aerospace engineer Senior today cranked up its full year forecasts in expectation that global aviation and energy markets would continue to recover throughout 2021. The London-listed firm, which recently saw off a takeover bid from private equity firm Lone Star, said it expected group production “to be slightly ahead of our previous expectations”. The update [...]
UK airlines lagging behind European rivals as travel restrictions continue June 29, 2021 The UK’s airlines have been the slowest in Europe to recover from the coronavirus pandemic, new figures released tonight show, as travel restrictions continue to hammer the sector. According to the all-parliamentary group on the future aviation, airline passenger numbers in the UK are down 89 per cent compared to 2019 levels, behind the continental [...]