Coronavirus

By Michael Bruno
If the first quarter is any indication, A&D is about to throttle up share buybacks and dividend payments into afterburn.
Aircraft & Propulsion

By Adrian Schofield
India’s carriers are looking to IPOs, share sales and changes in ownership to improve their long-term viability.
Airlines & Lessors

ALASKA AIRLINES began daily Seattle-Cincinnati (737); delayed from original start date of Aug 18, 2020 due to pandemic.
Air Transport

AIR WISCONSIN plans June 3 to resume twice-daily Dulles-Manchester, NH (CRJ200) on behalf of UNITED AIRLINES.
Air Transport

EASYJET had £645m pretax loss for six months ended March 31 (vs £353m loss a year ago) on 90% lower revenues. It expects to fly c.15% of 2019 capacity
Air Transport

WHEELS UP had $32.2m net loss on record $262m revenues in 1Q21 vs $44.5m loss on $156m in 1Q20; live flight legs rose 30%.
Aerospace

HÉROUX-DEVTEK had C$19.8m net profit on C$571m sales for year ended March 31 vs C$50.7m net loss on C$613m a year ago, and ended year with C$717m
Aerospace

TRIUMPH GROUP had $450.9m net loss on $1.9b net sales for year ended March 31 vs $29.4m loss on $2.9b a year ago, and ended year with $1.9b backlog
Aerospace

QANTAS GROUP is projecting that total revenue loss since start of COVID-19 pandemic will reach A$16b by the end of FY21; it has A$4b in total
Air Transport

By Lori Ranson
Operators in and out of bankruptcy are making fleet adjustments to remain competitive.
Airlines & Lessors

ALTA members flew 27.4b RPKs in March, down 66% vs March 2019; capacity fell 70% to 43.3b ASKs. PLF was 63.3%.
Air Transport

AIR MALTA plans to increase summer flight schedule to 51 weekly flights to 15 destinations, but is significantly less than 2019.
Air Transport

ANA HOLDINGS plans public offering of ¥10b in sustainability-linked bonds; SMBC Nikko Securities is structuring agent.
Air Transport

SINGAPORE AIRLINES is proposing to issue second tranche of mandatory convertible bonds to raise about S$6.2b in liquidity.
Air Transport

SIA GROUP had S$4.3b net loss for year ended March 31 (vs S$212m loss a year ago) on 76.1% lower revenues; it says its operating fleet currently
Air Transport

JETBLUE plans to begin JFK-London Heathrow on August 11; JFK-Gatwick on Sep 29; Boston-London in mid-2022 (A321LR).
Air Transport

RYANAIR had €815m net loss for year ended March 31 (vs €1bm profit a year ago) on 81% lower revenues; it has €3.15b cash.
Air Transport

CAE

CAE had C$47.5m net loss on C$3b revenues for year ended March 31 vs C$318.9m profit on C$3.6b a year ago. Civil Aviation Training Solutions earned C
Aerospace

PLAY, Iceland agreed to lease three ex-Interjet A321neos (7939/7945/8008) with LEAPs from AerCap for startup on June 23; it initially plans to fly
Air Transport

By Helen Massy-Beresford
For airlines hoping for a return to previous demand levels after the devastating effects of the COVID-19 crisis, yet more change may seem like the last thing they need.
Airlines & Lessors

INTERNATIONAL AIRCRAFT DEALERS ASSN reports members closed 106 business jet deals in April vs 53 in April 2020.
Business Aviation

NAV CANADA reports year-over-year traffic increase of 67.5% in April 2021, based on weighted charging units.
Air Transport

GOL

GOL, Brazil reports daily sales in April increased 75% in volume over March 2021; it operated flights to 67 destinations with about 200 daily flights
Air Transport

AVENSIS AVIATION, UK was selected by FitsAir, Sri Lanka to convert cabin of A320-200 (3547) to carry cargo; SRILANKAN ENGINEERING peformed mod.
MRO

PORTER AIRLINES further pushed back its return-to-service date to July 20 from previously announced target of June 21.
Air Transport