Air Canada reports $433 million loss
Air Canada today reported an operating loss of $433 million compared to operating income of $127 million in the first quarter of 2019. At March 31, 2020, unrestricted liquidity amounted to $6.523 bill...
Air Canada today reported an operating loss of $433 million compared to operating income of $127 million in the first quarter of 2019. At March 31, 2020, unrestricted liquidity amounted to $6.523 bill...
The Thailand government has given a $1.8 billion bailout for struggling flag carrier Thai Airways. According to local media The State Enterprise Policy Committee meeting approved “in principle” the p...
WestJet has reached an agreement with the Airline Pilot Association (ALPA), to save more than 1,000 pilot jobs at WestJet, WestJet Encore and Swoop amidst the COVID-19 crisis. The airline had previous...
British Airways plans to make heavy cuts to its Gatwick airport operation as part of 12,000 redundancies. The airline has informed staff of detailed plans after it announced earlier this week that it ...
Ryanair is planning to cut 3,000 jobs and reduce staff pay by up to a fifth in response to the Covid-19 crisis, which has grounded its fleet. The LCC said it was cutting 15% of its 20,000-strong workf...
In a statement, Boeing said that it was “pleased with the response to our bond offering”. That’s an understatement since reports state that the $25bn bond offering, across seven tranches, ranging from...
Southwest Airlines has priced a new offering of 70 million shares of common stock at $28.50 per share – upsized from 55 million – and $2bn of convertible, five-year senior notes, at 1.250%, which was ...
Finnair has reported first quarter revenues down 16% to €561.2 million and also announced a rights issue for €500 million. Finnair's current assumption is that it will operate the current minimum netw...
BA is splashed across the front pages today with the announcement yesterday that it plans to shed 12,000 jobs (see European, Airline News below). The unions are claiming that BA has “jumped the gun” a...
The Air France-KLM Group and Air France has agreed the details of a €7 billion state aid package for the airline following several weeks of discussions with the French state and banking institutions. ...
The Latvian airline AirBaltic has set-out a revised business plan in response to COVID 19 which includes a smaller fleer in the near future. The new business plan, titled Destination 2025 CLEAN, focus...
The German and the Hessian state government have given a guarantee for a loan with €550 million from the federal government's Corona Shield Programme. Condor will receive a loan of €294 million as cor...
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