Coronavirus

What do the myth of Sisyphus and the commercial aerospace sector have in common? A lot of ups and downs.

A4A commended US Congress for passing $1,900b American Rescue Plan, which includes provisions to extend Payroll Support Program (PSP) to allow workers

FRANKFURT AIRPORT handled 682k pax in Feb, down 84.4% vs Feb 2020.

Lessor BOC Aviation says it is in good shape for the coming financial year, in another sign of the strengthened position of the leasing industry amid the coronavirus pandemic.

ROLLS-ROYCE reports its Civil Aerospace business lost £2b on £5.1b revenues in 2020 vs £622m profit on £8.1b in 2019, it delivered 448 (264 large)

AEROFLOT GROUP had RUB123b net loss for 2020 (vs RUB13.5b profit in 2019) on 55% lower revenues; traffic fell >50%.

LONDON HEATHROW handled 461k pax in Feb, down 91.5% vs Feb 2020.

NORWEGIAN filed its financial reconstruction plan to Irish/Norwegian courts: https://newsweb.oslobors.no/message/527351

AUSTRALIA announced A$1.2b travel revival package that includes about 800,000 half-price airline tickets, cheap loans for businesses, direct financial

U.S. federal lawmakers are sending airlines another $14 billion to prop up payrolls until Sept. 30, which they hope will see the industry through to recovery.

Air France has begun a month-long test of a smartphone app that carries secure records of passengers’ COVID-19 test results on flights from Paris to Guadeloupe and Martinique.

Lufthansa Cargo (LHC) CEO Dorothea von Boxberg has said COVID-19 vaccine volumes will not have as much of an impact on the air cargo market as the industry once believed.

As vaccinations pick up across the U.S., airlines are taking steps to prepare for a snapback in demand—whenever that may happen.

United Airlines CEO Scott Kirby believes the European market should be one of the strongest performers once the coronavirus pandemic is over.

U.S. airlines are set to receive another $14 billion in payroll support after House lawmakers approved the $1.9 trillion coronavirus relief package on March 10.

Southwest Airlines CEO Gary Kelly believes the airline is moving beyond the worst of the COVID-19 pandemic as widespread vaccinations could help move the needle on demand later in 2021.

WESTJET reportedly cancelled 15 737 MAXs and now has 27 on order to join 14 in fleet (three currently in service).

The Royal Schiphol Group, whose major asset is Amsterdam Schiphol Airport, does not anticipate passenger volumes returning to 2019 levels before the middle of this decade, the airport said in its annual report.

LATAM had US$4.5b net loss in 2020 (vs US$190m profit in 2019) on 58% lower revenues. It has $1.7b cash and $7.6b debt.

CATHAY PACIFIC GROUP says it has transferred 82 pax aircraft (46% of fleet) to locations outside of Hong Kong, including Alice Springs, Australia and

CATHAY PACIFIC had HK$21.6b net loss for 2020 (vs HK$1.7b profit in 2019) on 56% lower revenues; it has HK$28.6b liquidity.

BOEING delivered 22 aircraft (737-800A; 18 MAXs; two 767s; 777; Ø 787s) in February vs 17 (737-800A; three 767Fs; 777F; 12 787s) in February 2020; it

LEONARDO, Italy had €243m net income on €13.4b revenues in 2020 vs €822m on €14.1b in 2019. It delivered 105 fuselage sections/72 stabilizers for 787

Governments have had many plans to reopen borders, but they have been forced to revise them many times since the outbreak of the coronavirus pandemic.

A day after Singapore Airlines announced that it will trial the IATA Travel Pass mobile application, China announced its own version of a digital health certificate.