Coronavirus

Japan Airlines (JAL) plans a significant cost-cutting campaign to offset the effects of the COVID-19 crisis, and the carrier has signaled this will include aircraft delivery deferrals.

Inconsistent travel rules are deterring people from flying, dealing a further blow to an aviation sector struggling to get back on its feet.

Compared to the $84 billion airlines globally are projected by IATA to lose in 2020, Vietjet said its losses were “modest” as it awaits a potential aid package from the state.

Pratt & Whitney will retrench around 400 jobs—or 20%—of its 2,000 employees in Singapore as demand for engine-related MRO has disappeared amid the COVID-19 pandemic.

As Airbus is reconciling production rates and deliveries, its CEO sees the current situation as manageable for the supply chain.

By late July, Chinese domestic flight stood at about 10,000 per day, versus roughly 2,000 per day at the depth of the virus crisis, according to

With the novel coronavirus heavily impacting the bottom lines of some of the aviation industry’s biggest companies, one of its largest MRO providers

An Aviation Week panel sees significant changes coming in global military aircraft procurement over the next several years, as countries battered by the biggest global economic contraction since World War II look to simultaneously scale back defense spending and prop up their indigenous industries.

ACI reports year-over-year airport pax traffic fell 91.3% in May; cargo fell 18%.

GOGO is eliminating 143 full-time positions (or 14% of its overall workforce), predominantly from its Commercial Aviation business, due to COVID-19

UNITED is expected to terminate its contract with EXPRESSJET and consolidate 50-pax aircraft operations into COMMUTAIR.

TRANSAVIA lost €111m in 2Q20 (vs €53m profit in 2Q19) on 97% lower revenues; activity levels were close to zero in April/May with progressive restart

SKYWEST lost $25.7m in 2Q20 (vs $88m profit in 2Q19) on 53% lower revenues, ending quarter with $762m in cash/marketable securities; total block hours

GOL, Brazil posted R$2b net loss for 2Q20 (vs R$121m loss in 2Q19) on 89% lower revenues; it ended quarter with R$3.3b liquidity (R$2.8b in cash) and

AIR FRANCE-KLM had €2.6b net income for 2Q20 (vs €98m profit in 2Q19) on 83.3% lower revenues; it has €14.2b liquidity. AIR FRANCE lost €1.1b (vs

U.S. ULCCs capitalized on a modest rebound in domestic air travel demand during the 2020 second quarter (Q2), but sentiment has soured as top leisure destinations became COVID-19 hotspots in recent weeks.

AER LINGUS lost €316m in 1H20 (vs €78m operating profit in 1H19) on 61% lower revenues.

VUELING lost €386m in 1H20 (vs €5m operating profit in 1H19) on 70% lower revenues.

IBERIA lost €867m in 1H20 (vs €109m operating profit in 1H19) on 48% lower revenues.

BRITISH AIRWAYS lost €2.5b in 1H20 (vs €873m operating profit in 1H19) on 56% lower revenues.

INTL AIRLINES GROUP lost €1.5b in 2Q20 (vs €812m loss in 2Q19) on 89% lower revenues; in anticipation of flying reduced capacities in 3Q20 (-74%) and

AFI KLM E&M lost €318m in 2Q20 (vs €52m profit in 2Q19) on 55% lower revenues (third party -58%); it has €9.6b backlog.

HAWAIIAN AIRLINES sold two GTF-powered A321neos (9223/9547) to SKY Leasing, and leased them back (SPNWS; July 31).

Mexican ULCC Volaris believes that by year-end demand in its domestic market could reach 65-75% of 2019 levels.

Europe’s airline and airport associations have written to lawmakers across the continent warning that inconsistent COVID-19 travel restrictions are hampering consumer confidence.