6 November 2020

Bombardier eyes layoffs as it misses quarterly targets

The Canadian plane and train maker has announced that it has missed its quarterly operating profit forecast and, as a consequence, is now eyeing staff layoffs to reduce running costs. Like so many aviation-related businesses, Bombardier has been heavily hit by the widespread effects of the COVID-19 pandemic. Currently Bombardier is streamlining its business with […]

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IATA: passenger demand in September remained highly depressed

The International Air Transport Association (IATA) has announced that passenger demand in September remained highly depressed. Total demand (measured in revenue passenger kilometers or RPKs) was 72.8% below September 2019 levels (only slightly improved over the 75.2% year-to-year decline recorded in August). Capacity was down 63% compared to a year ago and load factor fell

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COVID-19 pandemic impact clearly visible in Finnair’s October traffic figures

In October, Finnair carried 100,800 passengers, which was 92.0% fewer than in the corresponding period of 2019 and 12.8% fewer than in September 2020. The COVID-19 impact, including the exceptionally strict travel restrictions imposed by Finland, have still affected all passenger traffic figures. This was especially visible in the North Atlantic figures (no scheduled flights

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Atlas Air Worldwide posts third-quarter 2020 net income of US$74.1 million

Atlas Air Worldwide Holdings has posted third-quarter 2020 net income of US$74.1 million compared with net income of US$60.0 million in the third quarter of 2019. On an adjusted basis, EBITDA totaled US$196.3 million in the third quarter this year compared with US$95.6 million in the third quarter of 2019. Adjusted net income in the

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Lufthansa Group reports adjusted EBIT of minus €1.3 billion in third quarter 2020

The global CORONA pandemic continued to have a considerable impact on the Lufthansa Group’s earnings development in the third quarter of 2020. However, compared to the second quarter, losses were reduced due to substantial cost savings and an expansion of the flight schedule in the summer months of July and August. Adjusted earnings (Adjusted EBIT)

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Iberia converts first A330 into freighter to adopt to market

The first Airbus A330 aircraft that Iberia has converted into a freighter has arrived in Los Angeles from Madrid after four weekly cargo flights between the two cities had been scheduled for this month. In the early months of the COVID-19 pandemic, Iberia’s flight operations were almost exclusively confined to repatriation flights and flights carrying

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