Coronavirus

SKYWEST had $62m net income in 2Q21 (vs $88m profit in 2Q19) on 11.7% lower revenues; it has $956m in cash/marketable securities. It reached agreement

ANA HOLDINGS had ¥51.2b net loss for first quarter ended June 30 (vs ¥11.4b profit in 2019) on 60.3% lower revenues.

AIR FRANCE-KLM GROUP had €1.5b net loss for 2Q21 (vs €98m profit in 2Q19) on 61% lower revenues; it has €9.4b liquidity. It says it is seeing initial

AIR TRANSAT resumed operations on July 30 after six months on inactivity due to COVID-19 travel restrictions and plans to serve 16 cities at peak this

All Nippon Airways (ANA) has managed to significantly reduce its losses in its latest quarterly results, keeping it on track to return to profit for the current fiscal year.

MTU AERO ENGINES had €103m net income on €2b revenues in 1H21 vs €125m on €2b in 1H20 and says it is now somewhat more optimistic about commercial

Low-cost model will likely be better suited to new landscape than full-service carriers, at least for the short term.

GOL says it expects to end 2H21 with R$4.2b in liquidity (vs R$4.5b previously projected) and R$15.3b in adjusted net debt (vs R$14.8b); revenue for

Safran has reported solid financial results, showing a negative impact from the COVID-19 crisis but underlining intrinsic strengths in the company’s activity against the current backdrop.

AAPA reports year-over-year member traffic (RPKs) dropped 87.4% in 1H21 on 69.6% lower capacity; cargo was up 20%.

How to ease engine shortage?; NDIA creates think tank; missile defense laser development; and Lockheed takes $225 million charge.

IATA reports global pax traffic was down 60.1% in June (vs June 2019) on 51.6% lower capacity, and says it is seeing movement in the right direction

Indian LCC IndiGo is looking to fully restore its domestic capacity to pre-pandemic levels, but to achieve this goal it will need the government to ease capacity restrictions.

While Hawaiian Airlines continues to see a strong rebound in its domestic operations, it does not expect any recovery in its international operations until near the end of this year.

As profitability becomes more of a reality, U.S. airlines are working to restore networks and create high levels of fleet optionality.

JETBLUE AIRWAYS had $64m net income in 2Q21 (vs $179m net profit in 2Q19) on 28.8% lower revenues vs 2Q19.

LAX handled 4.89m pax in June 2021, down 39.2% from 8.04m in June 2019.

US DOT reports US airlines carried 56.6m pax in May, down 27% vs May 2019; international traffic fell 51% vs May 2019.

BANGKOK AIRWAYS plans August 1 to resume (Samui-Singapore), its first international service since start of pandemic (A319).

The EC has waved through an Italian scheme to provide the country’s airports with €800 million ($945 million) in direct grants.

Australia, Singapore and Thailand describe road maps for easing border restrictions.

AMADEO AIR FOUR PLUS raised doubts whether it could continue as a going concern, citing non-payment of lease rentals from THAI AIRWAYS and industry

LONDON HEATHROW lost £868m on £348m revenues in 1H21 vs £1.1b loss on £712m in 1H20; it says cumulative losses from COVID-19 have grown to £2.9b.

EUROPEAN COMMISSION (EC) set winter slot threshold at 50%, meaning that in November-April airlines operating at slot-regulated airports must use at

RYANAIR had €273m net loss in first quarter ended June 30, but cautiously expects to post small loss or break even in FY22; it says based on current