Aircraft orders flatline in September after worst ever quarter October 26, 2020 No commercial aircraft were ordered last month as the global aviation industry recorded its worst ever quarter on record due to the coronavirus pandemic. From July to September, there were just 13 orders placed for planes, a decline of 91.4 per cent on the same quarter last year. There were four orders in July, and [...]
Travel corridors: ’50 per cent’ chance of London-New York travel by end of November October 23, 2020 There is a 50:50 chance that a travel corridor between London and New York could be set up before Thanksgiving, Heathrow Airport’s chief executive said today. John Holland-Kaye said that preparations for a trial testing scheme to enable business travel were advancing rapidly. Speaking to the Evening Standard, he said that the national holiday, which [...]
US airlines continue to bleed cash as wait for stimulus package goes on October 22, 2020 US airlines laid out the continued cost of the coronavirus pandemic today as the wait for a new stimulus package from federal authorities went on. American Airlines fell to a loss of $2.4bn (£1.8bn) in the period from July to September, its third consecutive quarterly loss. The Texas-headquartered carrier revenue fell 73 per cent compared [...]
British Airways owner IAG nosedives into €1.3bn pandemic loss and cuts flights over winter October 22, 2020 British Airways owner IAG nosedives into €1.3bn pandemic loss and cuts flights over winter
United Airlines tests digital Covid pass on UK-US flight in effort to reopen borders October 21, 2020 United Airlines will today test a digital coronavirus pass as part of a global pilot programme to establish a common international standard for Covid-19 test results. The nonprofit programme, called CommonPass, has been developed in the hopes it will speed up the reopening of borders, as the future of the airline industry remains precarious while [...]
UK airports losing £83m a week due to coronavirus October 20, 2020 The UK’s airports are losing £83m a week as a result of the coronavirus crisis, the Airport Operators Association (AOA) revealed this evening. Air travel has been decimated by the pandemic, with the collapse of passenger revenues on course to set the sector back £4.3bn this year. However, the trade body said that the real [...]
Flybe to fly again next year after administrators agree sale to Cyrus Capital October 19, 2020 Collapsed regional airline Flybe will take to the skies again next year after its administrators agreed for it to be sold to a firm controlled by hedge fund Cyrus Capital. Administrators from EY said they had agreed to a sale of Flybe’s business and assets, including the brand, intellectual property, stock and equipment, to Thyme [...]
Global airlines get nearly £100bn in state aid and bailout funding October 13, 2020 Easyjet last week became the latest airline to indicate that it may need more money from the state to deal with the financial hammering it has taken at the hands of coronavirus. Around the world, governments have already splashed out a whopping £98.7bn on airlines, a figure that could jump by another $25bn (£19.3bn) if [...]
British Airways boss Alex Cruz steps down amid industry’s ‘worst crisis’ October 12, 2020 Alex Cruz will step down as chief executive and chairman of British Airways with immediate effect, owner International Airlines Group said. IAG chief Luis Gallego said the management shake-up came as the firm navigated “the worst crisis faced in our industry” in his first major announcement since taking over from Willie Walsh. The pandemic has [...]
London City boss: Airport testing can be ‘shot in the arm’ for economy October 12, 2020 The boss of London City airport has urged the government’s new travel taskforce to lay out how it will implement a coronavirus testing regime. Robert Sinclair said that doing so would “deliver a much-needed shot in the arm for business air travel, boosting economic growth across every region and every sector.” “We know the demand [...]