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Airlines- Page 2

Boeing 737 MAX can resume commercial operations

2 mins read

The FINANCIAL — The U.S. Federal Aviation Administration (FAA) rescinded the order that halted commercial operations of Boeing (NYSE: BA) 737-8s and 737-9s. The move will allow airlines that are under the FAA’s jurisdiction, including those in the U.S., to take the steps necessary to resume service and Boeing to begin making deliveries. “We will never forget the lives lost in the two tragic accidents that led to the decision to suspend operations,” said David Calhoun, chief executive officer of The Boeing Company. “These events and the lessons we have learned as a result have reshaped our company and further focused our…

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Delta publishes September Quarter financial results

12 mins read

The FINANCIAL —  Delta Air Lines today reported financial results for the September quarter 2020. Detailed results, including both GAAP and adjusted metrics, are on page four and are incorporated here. “While our September quarter results demonstrate the magnitude of the pandemic on our business, we have been  encouraged as more customers travel and we…

Emirates Skywards just passed 20 years with more than 27 million members

6 mins read

The FINANCIAL — Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, has marked 20 years of excellence, innovation and unmatched rewards. Over the past two decades – the loyalty programme has continued to grow its membership base by offering value and rich, personalised experiences to its members around the world. The programme has…

Delta blocked middle seat

3 mins read

The FINANCIAL — Booking a trip continues to bring people joy this year, with 97 percent of respondents to a recent study sharing that having a trip planned makes them happier. If it’s been a while since you’ve traveled, Delta is ready to take you to your loved ones safely. That’s why the airline is offering these tips – the four C’s of holiday travel – to…

Southwest Airlines launches new services from O’Hare and Houston Intercontinental

2 mins read

The FINANCIAL — Southwest Airlines Co. (NYSE: LUV) today announced plans to expand its footprint in Chicago and Houston to give more travelers access to Southwest’s iconic Hospitality, low fares, and Customer-friendly policies. Chicago O’Hare International AirportWork is underway to add new service from Chicago O’Hare International Airport (ORD), alongside existing service from the carrier’s longtime Chicago home, Midway International Airport (MDW).…

IATA points out the key elements for long-term sustainability of aviation in Southern Africa

4 mins read

The FINANCIAL — The International Air Transport Association (IATA) outlined the key priorities to ensure the long-term sustainability of aviation in Southern Africa as the industry continues to suffer from the devastating effects of the COVID-19 pandemic and associated travel restrictions: Ensuring urgent government relief is provided to the air transport industry and that pledged…

Qatar Airways expands U.S network and launches fifth new destination in 2020

9 mins read

The FINANCIAL — As Qatar Airways continues to rapidly rebuild its network across the globe and in the U.S., the airline has announced it will operate four weekly flights to San Francisco – the fifth new destination launched by the national carrier of the State of Qatar since the start of the pandemic – from…

Etihad Airways became UAE’s first airline to implement eTech logs

4 mins read

Etihad Airways, the national airline of the UAE, is the country’s first airline to implement electronic technical logs (eTech logs) for airline operations. The approval from the General Civil Aviation Authority (GCAA) for implementation on Etihad’s freighter fleet accelerates the journey towards paperless airline operations which is a key initiative for Etihad Airways and the…

13 big airlines join net-zero emission strategy

6 mins read

The FINANCIAL — A group representing investors that collectively manage more than US$47tn in assets has demanded the world’s biggest corporate polluters back strategies to reach net-zero emissions and promised to hold them to public account. Climate Action 100+ is an initiative that is supported by 518 institutional investor organizations across the world. It has written…

American Airlines plans to cut 19 000 jobs

8 mins read

The FINANCIAL — American Airlines announced that it would shrink its workforce by 40,000, including 19,000 involuntary cuts, on 1 October, as the coronavirus pandemic continues to weigh on air travel. Other airlines such as United, British airways and Lufthansa have warned of similar cuts. American executives said that the furloughs can be avoided if the…

Virgin Atlantic will cover COVID-19 expenses up to £500,000 if you catch it while travelling

7 mins read

The FINANCIAL — Virgin Atlantic has introduced Virgin Atlantic COVID-19 cover, which is a complimentary COVID-19 global insurance cover for all bookings, including all existing and new ones, travelling from 24 August 2020 up until 31 March 2021. The policy is designed to provide peace of mind to customers and it will be applied automatically to…

BA to cut up to 12 000 jobs while Lufthansa plans to axe 22 000

6 mins read

The FINANCIAL — British Airways plans to axe almost 30 per cent of the airline’s workforce. Airline says that the financial impact of Covid-19 is already greater than 9/11, SARS, the ash cloud and the financial crash of 2008/09 combined. Lufthansa also plans reduction of 22,000 full-time jobs as coronavirus pandemic led to an 80 percent drop in…

Significant increase in the number of flights

6 mins read

The FINANCIAL — Air travel demand in Europe is recovering from COVID-19 impact. Business aviation recovering faster than other segments and now only 9% below 2019 levels. Also, all-cargo flights are 4% above 2019 levels. Ryanair, announced it has restored over 60% of normal flight schedules from 1st August, following the successful resumption of its services at the…

Negotiations with several airlines are in progress to resume flights in September

5 mins read

The FINANCIAL — At the briefing after the Interagency Coordination Council of the Government, Minister of Economy and Sustainable Development Natia Turnava said, that around 2700 foreigners from neighboring countries of Georgia, as well as from European countries registered application to enter Georgia. Minister of Economy also stated, that  there is intent to recommence flights to Greece. In addition, government continues…

United Airlines Q2 revenue reports 87% decline

4 mins read

The FINANCIAL — United Airlines (UAL) today announced second quarter 2020 financial results, the most difficult financial quarter in its 94-year history, with a net loss of $1.6 billion, and an adjusted net loss¹ of $2.6 billion. The company continues to take aggressive action to mitigate the impact of the COVID-19 pandemic by raising liquidity and…

European Commission approves €3.4 billion KLM bailout

5 mins read

The FINANCIAL — The European Commission has approved, under EU State aid rules, a €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan to KLM. As a result of the imposition of travel restrictions introduced by the Netherlands and by many destination countries to limit the spread of…