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Valius Venckunas

How Korean Air used pandemic to generate profit

Korean Air, the flag carrier of South Korea, became the first airline to disclose that it managed to achieve a net profit in Q2 2020, a rare sight in the industry ravaged by the COVID-19 pandemic....


Valius Venckunas

$25 billion aid package for US airlines moves forward

A group of United States Republican senators have backed the extension of payroll assistance program that would see airlines receive $25 billion, as the US president Donald Trump expressed his support for the decision....


Pijus Jauniskis

Embraer pushes back E175-E2 introduction to 2023

In a financial statement released on August 5, 2020, Embraer reported second-quarter losses and a steep drop in revenue, yet the company indicates that it remains in “a stable overall position.” However, the introduction of the E175-E2 was delayed due to the current situation in the market....


Pijus Jauniskis

Southwest deems armrests as low-touch areas

Southwest Airlines is retiring its extra aircraft cleaning procedures previously enacted due to the COVID-19 outbreak....


Valius Venckunas

Spirit plans to furlough up to 30% of its workers

Friday will see the start of negotiations between the United States-based low-cost Spirit Airlines and workers’ unions about the possibility to put 20-30% of employees on unpaid leave in October 2020...


Valius Venckunas

Aeromexico’s situation worsening amid bankruptcy and layoffs

Aeromexico’s Q2 2020 financial results report net loss of $1.3 billion (MXN27 billion) and 84.5% decrease of revenue as over a tenth of the company's workforce got fired, indicating deepening problems for the largest Mexican airline.  ...


Pijus Jauniskis

Lufthansa to resume JFK flights, offers PCR Corona testing

The Lufthansa Group announced on August 27 to be continuing its five weekly flights to New York (JFK) from Frankfurt (Germany), offering PCR corona tests to arrivals at the Frankfurt Airport....


Pijus Jauniskis

Emirates route network grows as more destinations are added

Emirates announced that it will resume flights to Nairobi, Baghdad and Basra, growing its passenger network to 67 destinations in August 2020....


Valius Venckunas

Ryanair records first net loss in its history

Irish low-cost carrier Ryanair reported 95% less revenue and 99% less passengers in the first quarter of their financial year (April-June) compared to the same period of 2019, and registered the first net loss in their history....


YAOJU YU

China recorded an 80% recovery in passenger flight numbers

According to CAACNEWS, the number of passenger flights reached 13,059 on July 23, a new high in the record since the COVID-19 epidemic. It is a level returning to about 80% before the virus outbreak....