As COVID-19 grounds swaths of airline fleets, companies that profit off the dismantling and trade of aircraft parts are seeing early signs of an expected rebound in activity as carriers accelerate plane retirements.
Singapore Airlines warned passenger capacity may remain at less than half of pre-pandemic levels by its March 2021 year-end after slumping to a S$1.12 billion ($817 million) first-quarter net loss due to a sharp decline in demand.
Etihad Airways said in a statement on Thursday that “the wide-ranging MoU covers scope to introduce joint codeshare services between Abu Dhabi and Tel Aviv, as well as on the global flight networks beyond the two carriers’ hubs.”
Most airlines are considering downsizing their staff over the next 12 months due to the coronavirus crisis, the International Air Transport Association (IATA) said on Wednesday, citing an internal survey.
China’s biggest airline on Saturday reported less severe losses in the second quarter as domestic travel picks up with the coronavirus outbreak brought largely under control.
Qantas’s “flight to nowhere” is one of the fastest-selling in the airline’s history, with all tickets snapped up in 10 minutes. The Australian flag carrier decided to launch a seven-hour scenic route around the country,
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.
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.
For a hefty sum of up to SGD642 ($470), people with a hankering for airline food can have a meal on an A380, the world's biggest passenger jet.