Air Cargo Capacity Crunch: Demand Plummets but Capacity Disappears Even Faster
The International Air Transport Association (IATA) released data for global air freight markets in April showing that demand dropped 27.7% compared to the same period in 2019 – the sharpest fall ever recorded. Still, there was insufficient capacity to meet demand as a result of the loss of belly cargo operations on passenger aircraft. Global […]
Joint industry position on the restart of aviation in Latin America and the Caribbean
Over the past weeks, Airports Council International (ACI-LAC) and the International Air Transport Association (IATA) have come together to secure alignment between airlines and airports, with the aim of jointly engaging and supporting institutional stakeholders in the challenging endeavor of restarting the aviation industry. The proposed layered approach of measures across the entire passenger journey […]
JetBlue CEO Discusses COVID-19’s Impact on Airlines
Airlines are starting to see a slight rise in bookings, but air travel remains down about 90%, prompting speculation about which carriers might go under. JetBlue Airways CEO Robin Hayes admits he doesn’t know how quickly air travel will recover from the coronavirus outbreak, and no matter what, his will be a smaller airline. Hayes, […]
Lufthansa Group significantly extends June timetable
The airlines in the Lufthansa Group are significantly expanding their services in the second half of June compared with the previous weeks. As in the first half of June, the focus will be on summer tourist destinations. The aim is to make as many destinations as possible accessible for holidaymakers and business travelers and thus […]
Parker Says U.S. Carriers Will Survive Without Bankruptcies
American Airlines will not need bankruptcy protection to get through the current downturn, and the rest of the large U.S. carriers are in similar shape, American CEO Doug Parker said. “I don’t think people should view bankruptcy as a financial tool. I think it’s failure [and] we’re not going to do that,” Parker said during […]
Air Canada unveils revised summer schedule
Air Canada will offer customers a choice of nearly 100 destinations around the world with an abridged schedule this summer. To ensure customers can book with confidence, the airline has implemented the Air Canada CleanCare+ biosecurity program. The carrier is also introducing new cancellation options to give customers greater flexibility and choice should their travel plans […]
Airline Debt to Balloon by 28% Heavy New Debt Levels Will Weigh Down Airline Recovery
The International Air Transport Association (IATA) released analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion) and loan guarantees […]
Airlines for America Launches “Fly Healthy. Fly Smart.” Awareness Campaign
Airlines for America (A4A) – the industry trade organization representing the leading U.S. airlines – announced the launch of a new public awareness campaign, “Fly Healthy. Fly Smart.” The campaign, launched to educate travelers ahead of the Memorial Day weekend, includes multi-media outreach showcasing the enhanced cleaning and procedural changes U.S. airlines are implementing as […]
Europe’s airline capacity begins slow climb
Total seat numbers in Europe are down 84.6% year-on-year in the week of 18-May-2020, according to schedules from OAG combined with CAPA Fleet Database seat configurations. This is almost 2ppts narrower than the previous week’s 86.5% drop and the smallest rate of decline since Mar-2020. Nevertheless, it is the seventh successive week of cuts broadly […]
EASA/ECDC Guidelines Welcomed – Essential that European States Adopt Harmonized Measures
The International Air Transport Association (IATA) welcomed the release by the European Aviation Safety Agency (EASA) and the European Centre for Disease Prevention and Control (ECDC) of the COVID-19 Aviation Health Safety Protocol guidelines for the safe restart of air transport in Europe. The EASA and ECDC guidelines are aligned with recommendations provided by both […]
