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Global airlines warned on Tuesday that the coronavirus-stricken industry was on course to burn through another $77 billion in cash in the second half of 2020, calling on governments to renew expiring wage support programmes.
The UAE has called upon all concerned parties in Sudan to exercise restraint. UAE-based airlines have announced cancellation of their flights to Sudan from April 15 to April 17 due to a deteriorating situation of civil unrest in Khartoum.
More and more airlines joined the fray to cut their flights to coronavirus affected countries. The crisis is exacerbating deep rooted problems in an airline industry grappling with overcapacity, environmental pressures and the grounding of Boeing’s top-selling jet.
The German government and Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout.
The global aviation industry has been hammered by the pandemic, as it is directly affected by border closures and population lockdowns.
Rolls-Royce, the British maker of plane engines, will cut at least 9,000 jobs and slash costs elsewhere, as the coronavirus hammers the aviation sector.
The Anglo-Spanish group, which also owns Iberia and Aer Lingus, just renewed a 750-million-pound ($955 million) partnership multi-year deal with American Express.
American Airlines and Southwest Airlines both reported quarterly losses on Thursday as the industry reins in spending amid a shaky demand environment further weakened by the latest spike in US coronavirus cases.
Japan government will waive airport landing fees worth up to 12.5 billion yen ($120 million) to ease the financial burden on airline operators, two sources familiar with the matter said, as they reel from a drop in traffic due to the COVID-19 pandemic.
At least 14 people on flights from Johannesburg and Capetown arrived at Amsterdam's Schiphol airport on Nov. 26 carrying the new variant, the National Institute for Public Health (RIVM) said.