Coronavirus

Extensive home-country travel restrictions on top of downward pressure on air travel demand worldwide continues to constrict Air Canada, leaving the airline focusing on cargo revenues while it waits out the COVID-19 pandemic.

China has listed Russia and Thailand among the first eight countries for which it will require pre-flight COVID-19 testing for China-bound travelers.

The European Business Aviation Association (EBAA) has reported growing demand from passengers who would ordinarily use airlines but are not willing to anymore because of the pandemic.

Hawaiian Airlines has told unions it may have to furlough more than 2,000 employees as the carrier looks to realign the size of its workforce with the new operating environment.

AIR CANADA posted net loss of C$1.8b in 2Q20 (vs C$343m net profit in 2Q19) on 89% lower revenues, ending quarter with C$9.1b unrestricted liquidity

Thailand’s Nok Air has become the latest airline to seek a restructuring through the courts after succumbing to the financial pressures caused by the COVID-19 pandemic.

Airbus made major moves earlier this year, leaving Boeing to make large adjustments as the ramifications of COVID-19 become clearer.

Air France-KLM, pledging to step up its restructuring plans as it unveiled a massive quarterly loss caused by the COVID-19 crisis, said it expects capacity to remain at least 20% below 2019 levels in 2021, with a recovery to pre-crisis capacity by 2024.

Development of a new stealth bomber and contract award for the next intercontinental ballistic missile (ICBM) remain on schedule despite COVID-19 workplace disruptions, Northrop Grumman CEO Kathy Warden said July 30 on a teleconference about second-quarter earnings.

Hours after the Demo-2 spacecraft was cleared to splash down along the Florida coast this weekend carrying two NASA astronauts home from the International Space Station (ISS), a tropical disturbance headed for the Sunshine State was upgraded to a tropical storm.

Allegiant Air will furlough 275 pilots in October, after posting a $95 million net loss in the 2020 second quarter (Q2), despite outperforming its peers on a host of key metrics.

Gulfstream Aerospace continued to struggle with travel restrictions related to the COVID-19 pandemic in the second quarter of 2020, but managed to deliver 32 business jets compared to 31 a year ago.

HAWAIIAN AIRLINES soald two GTF-powered A321neos (TBA) to unidentified lessor for leaseback; deal raised $114m.

AIRBUS says its commercial aircraft are now being produced at rates in accordance with new production plan (cut to 40 A320s, two A330s and six A350s

AIRBUS had €1.14b net loss in 2Q20 (vs €1.2b net income in 2Q19) on 55% lower revenues; Commercial Aircraft lost €1.9b (vs €1.2b profit) on 65% lower

SAFRAN had €517 net income for 1H20 (vs €1.4b in 1H19) on 28% lower revenues; year-over-year Aerospace Propulsion revenues decreased 31.4%, Aircraft

AVOLON lost $162m in 2Q20 (vs $185m profit in 2Q19) on 9% lower revenues; it has owned/managed/committed fleet of 824 aircraft. It says 12 customers

TEXTRON AVIATION lost $66m on $747m revenues in 2Q20 vs $105m profit on $1.1b in 2Q19; performance included $53m of idle facility costs. It delivered

ALLEGIANT AIR lost $105.4m in 2Q20 (vs $115.5m profit in 2Q19) on 73.5% lower revenues. It reduced 2Q20 capacity by 50.1% and anticipates 3Q20

LAX reported a year-to-year drop in pax traffic of 87.1% in June; cargo fell 9.6%.

The European Council has further reduced its list of countries from which it recommends lifting COVID-19 travel restrictions, removing Algeria from the “safe list” in its latest update.

AirAsia X (AAX) has signaled it will not resume scheduled flights until late 2020 and is cutting its fleet and network to aid its eventual recovery.

Safran is taking the opportunity of the ongoing COVID-19 crisis to accelerate the reorganization of its cabin interiors activity, aiming at making it stronger than before the pandemic.

Irish lessors AerCap and Avolon have both released second quarter (Q2) 2020 financial results that reveal the initial impact of the COVID-19 crisis on their balance sheets.

Emirates Airline has notified its passengers that all travelers arriving in Dubai or transiting at its Dubai (DXB) hub must have a negative COVID-19 PCR test certificate, starting from Aug. 1.