The International Air Transport Association (IATA) released February 2020 data for global air freight markets showing that demand, measured in cargo tonne kilometers (CTKs*), decreased by 1.4% compared to the same period in 2019. Adjusting the comparison for the impact...
As with every other major crisis facing the world, whether a global war or a pandemic, humanity prevails through unity, empathy, responsibility, and leadership. Tactical and momentary actions alone will not be enough, because we have to be prepared for a sustained...
Good afternoon from Geneva. And thank you all for joining from wherever you are in the world and whatever time it is for you. The situation of the airline industry remains grave. As you know, we have been working from...
In response to the growing number of coronavirus cases in the northeast of the U.S., Spirit Airlines will be suspending flights to and from five airports in New York, Connecticut and New Jersey. In a statement to Fox News, Spirit...
American Airlines CEO Doug Parker, in a video message to employees via the company’s official website, stated (26-Mar-2020) the carrier is «eligible to receive about USD12 billion» of the USD50 billion financial assistance package made available to the US airline...
The Competition Bureau announced today it has concluded that Air Canada’s proposed acquisition of Transat is likely to result in a substantial lessening or prevention of competition in the sale of air travel or vacation packages to Canadians. The Bureau’s...
Ensuring smooth air cargo shipments is crucial. With the evaporation of passenger demand and cancellation of passenger flights, vital air cargo capacity has disappeared. Airlines are taking all measures to meet the remaining cargo demand. Unfortunately, airlines faced bottlenecks in...
The U.S. Senate voted late Wednesday 96-0 to give the U.S. aviation industry $58 billion in a coronavirus-rescue package, half in the form of grants to cover some 750,000 employees’ paychecks, in a badly needed lifeline for an industry facing...
Ryanair CEO Michael O’Leary has summarised the priority for his airline, which applies equally to all airlines currently: to preserve cash. «If we have to operate for three, six, nine, maybe even 12 months, with no flights and no revenues...
The intensity of the COVID-19 coronavirus has upended the global airline industry, and now airlines in Latin America are starting to face the severity of the virus’ rapid spread. Airlines operating in the region are taking action that mirrors those...
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