Tag: Coronavirus

Finnair Plans 1,000 Job Cuts and Continues Temporary Layoffs

Reading Time: < 1 minute Finnair starts co-operation negotiations on its plan to reduce up to 1,000 jobs, to make other structural changes and to implement additional temporary layoffs due to the impacts of the corona pandemic. The co-operation negotiations concern approximately 2,800 employees working at Finnair in Finland, and similar processes are conducted in Finnair’s units abroad. Finnair employs […]

Ryanair and Spanish Pilots Agree on a 20% Pay Reduction

Reading Time: < 1 minute Ryanair and the Spanish Union of Airline Pilots (SEPLA) have agreed on a 20% pay reduction restored over 4 years along with productivity improvements on rosters, flexible working patterns and annual leave to minimise Spanish Pilot job losses.  This agreement gives Ryanair a framework to flex its operation during the COVID-19 crisis and a pathway […]

IATA: Impacts of the Crisis on the European Market Deepen

Reading Time: < 1 minute According to the International Air Transport Association (IATA), impacts of the coronavirus crisis on the European aviation market are deepening further. Even with step by step recovering passenger numbers and reopening borders, flights are still more than 50% below the same period in 2019. “Passenger numbers are currently forecast to fall by around 60% in […]

IATA Confirms: Global Passenger Traffic to Recover Only in 2024

Reading Time: < 1 minute As the recent trends indicate, recovery of aviation would be more troublesome and would take longer than had been expected. The fears have been also confirmed by the International Air Transport Association (IATA). Following the slower-than-expected recovery in June, 2020, when measures in RPK, fell 86.5% compared to the year-ago period (slightly improved from a […]

TAP Air Portugal to Restore 40% of Operations in September

Reading Time: < 1 minute TAP Air Portugal expects to restore 40 per cent of its pre-coronavirus operations in September. This equals to close to 700 round-trip flights per week for a total of 76 routes. In August, the carrier plans to perform nearly 500 round-trip flights per week for a total of 66 routes. These include 18 weekly flights […]

Biggest Fear of Ryanair: Second Wave of the Coronavirus Cases

Reading Time: < 1 minute Ryanair has revealed its Q1 2020 results showing a net loss of €185 million. In comparison with a net profit of €243 million in the same period last year, the damage of the pandemic is already becoming obvious. Through the 35-year history, Ryanair says the Q2 of 2020 was the most challenging, the coronavirus pandemic […]

American Airlines Removes Over 150 Aircraft Amid the Crisis

Reading Time: < 1 minute The crisis has forced airlines all around the globe to re-consider their plans and tidy fleet – to save costs and stay efficiently operational. For example, American Airlines has implemented a number of measure and estimates that it will reduce its 2020 total operating and capital expenditures by more than $15 billion. According to the […]

IATA: Asia-Pacific Airlines to Suffer the Hardest Crisis Hit

Reading Time: < 1 minute Airlines in the Asia-Pacific region were the first to face the challenges imposed by the coronavirus. The region was the first to paralyze its air connectivity and the first to get isolated from the rest of the globe. At the same time, before the crisis hit, carriers in the Asia-Pacific market were predicted to experience […]

Lufthansa Group Cuts 100 Aircraft; Halts Germanwings

Reading Time: < 1 minute The second wave of restructuring measures implemented by the Lufthansa Group has been revealed. Among the key decisions: Group’s fleet reduction by 100 aircraft and suspension of Germanwings operations. Across all its business units, Lufthansa Group confirmed having a calculated personnel surplus of at least 22,000 full-time positions. This includes leadership and administration positions as […]

Air France and HOP! to Cut Over 7,500 Jobs in Three Years

Reading Time: < 1 minute At Air France and HOP! harsh cost-saving measures have also been inevitable. Both carriers are adapting to the new environment with tailored strategic solutions for the upcoming future. Workforce cuts are unavoidable.  In a statement the airline reveals that during three months of the turbulence, its “activity and revenue fell by 95%, and at the […]