Reading Time: < 1 minute Monitoring the market and responding to the circumstances, IATA is putting forward the proposal to extend the waiver from the 80-20 use-it-or-lose-it rule in the Worldwide Airport Slot Guidelines. In the European Union, for example, slots are managed by the a so-called ‘use it or lose it’ rule which requires an air operator to keep […]
Reading Time: < 1 minute The crisis provoked by the coronavirus pandemic is still making grave impacts on the entire world, and on aviation in particular. The year of 2020 has already come into history as a year of extreme challenges. According to the International Air Transport Association (IATA), airlines are expected to lose $84.3 billion in 2020 for a […]
Reading Time: < 1 minute easyJet has announced about its plans to restart a small number of mainly domestic flights, from 21 European airports from 15 June. Services will be operating from London Gatwick, Bristol, Birmingham, Liverpool, Newcastle, Edinburgh, Glasgow, Inverness, Belfast, and Isle of Man in the UK. In addition, flying will resume in France from Nice, Paris Charles […]
Reading Time: < 1 minute It seems that the most severe turbulence for Norwegian is over. After a few chaotic days, Norwegian has announced that it has a range of new owners, it has completed the restructuring and it has secured 2.7 billion crown ($271 million) governmental support. Norwegian had been battling with financial issues for several years. In 2020, […]
Reading Time: < 1 minute Ryanair has announced about its plans to re-launch 40% of flights across 90% of pre-crisis route network from July. The airline expects to operate almost 1,000 flights daily. Although the return to operations at such a scale is still a subject to restrictions lift and safety measures introduced, the low-cost carrier has set very ambitious […]
Reading Time: < 1 minute Further responding to the crisis and adapting operations to a lower air travel demand, SAS has announced it will cut up to 5,000 full-time positions. Considering the fact that demand for passenger air services will remain low for the rest of 2020 and will reach the pre-crisis levels only in several years, the airline said […]
Reading Time: < 1 minute While the coronavirus restrictions worldwide are still in place, Etihad is making plans for its future operations after the measures against the pandemic are eased and later on completely lifted. The airline said that when the United Arab Emirates (UAE) gives the green light for passenger travel, Etihad expects to operate a reduced network of […]
Reading Time: < 1 minute While aviation is in its worst crisis, while hundreds of aircraft are parked on the runways for indefinite time, while airlines are sending older plane types into early retirement, some airlines are still determined to stick to the aircraft delivery schedules. One of such carriers seems to be Wizz Air. According to Bloomberg, one of […]
Reading Time: < 1 minute The International Air Transport Association (IATA) is further estimating the losses global airlines will suffer due to grave impact of the coronavirus on air travel. According to the recent analysis, airlines may collectively burn through $61 billion of their cash reserves during the second quarter of 2020, where quarterly net loss could result in $39 […]
Reading Time: < 1 minute On 5 March, 2020, the International Air Transport Association (IATA) projected that the crisis caused by the coronavirus will cost the industry a $113 billion revenue loss. On 24 March, 2020, the updated analysis revealed new numbers: $252 billion hit or 44% below 2019’s figure. The initial forecast was made in light of some travel […]