Most Important Aviation News In The Month Of May - Latest news and developments
Maybe you were on holiday, or just took a break from social media and you’re worried that you have missed what’s happening around the world of aviation? No problem, as we have collected the most important headlines and news pieces in the month of May. Without further delay, let’s look at some of the top headlines this month:
Air France-KLM posted negative quarterly results. Subsequently, Air France has offered 400 people to retire and is cutting off some of its routes to optimize costs. This is the result of rising fuel costs and the relatively old and inefficient Air France-KLM group fleet, including older 747s, which the group is looking to replace. Air France will receive new Airbus A350s, while KLM will take in new Boeing 787s.
KLM Boeing 787 Dreamliner
SAS Pilot strike ended on May 2nd. According to the newest reports, SAS canceled 4000 flights, which affected around 380 000 passengers. 1400 staff was involved in the protest, asking for bigger salaries, reduced workload and scheduling issues. As a result, SAS has told its shareholders that a profit in 2019 is very unlikely to happen.
A low-key interesting agreement has happened, as Emirates started codesharing flights with LATAM. Qatar Airways owns 10% of LATAM. Emirates and Qatar Airways do not get along particularly well, as Qatar‘s aircraft cannot enter Bahrain‘s, Egypt‘s, Saudi Arabia‘s and United Arab Emirate‘s airspace.
Thomas Cook, the leisure and airline company is selling off the airline part of its business. Thomas Cook‘s 2018 was not successful, as the group is heavily in debt. To pay off these debts, they are selling their airline business, which ironically, is the only profitable activity in the group. Potential buyers are indicated to be Lufthansa, Indigo group, which controls Wizz Air, Frontier Airlines, Volaris and others, the IAG group and easyJet. Thomas Cook has blamed the uncertainty of Brexit and the shifting consumer practices of staycationing - when travelers do not fly to holiday destinations and choose to spend their free time within driving distance of their home.
Emirates chief commercial officer resigns after airline's profit dives, as the harsh climate for airlines has put a dent in the profitability potential for everyone. Fuel prices, the uncertainty of Brexit and currency fluctuations have put a lot of strain on airlines to stay profitable. Even Ryanair, which has seen passenger numbers rising, has posted a 4-year low profit.
Asiana Airlines removes its First Class service, as the airline is also struggling financially and is trying to re-structure its flight operations to reduce debts.
On the other hand, All Nippon Airways went all in and has launched their first flights from Tokyo to Honolulu with an Airbus A380 on May 24th. The Japanese airline will serve the route with 3 (!) Airbus A380s. A very bold move, considering the fact that they need to fully fill the A380 for the flight to be profitable. On the other hand, the livery on these Airbus A380’s is truly incredible!
All Nippon Airways Airbus A380 with the ANA livery
The Jet Airways crisis seems to be over, as no proper bid has been received. The airline seems to be going towards closure, as only Etihad has come forward and put up a bid for the grounded carrier. However, with a lot of special terms that Etihad is asking for, including a partner to help them with the investment, it is unlikely that the bid will materialize into anything. Jet’s top executives, including the CEO and the CFO, have also resigned.
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