Coronavirus

AEROMEXICO GROUP reached satisfactory agreements with its pilots and flight attendant unions during restructure of CBAs.

EASYJET had £165m revenues for first quarter ended December 31, down 88% from a year ago; enplanements fell 87%.

JETBLUE AIRWAYS had $381m net loss for 4Q20 (vs $161m profit in 4Q19) on 67.4% lower revenues; and $1.4b net loss in 2020 (vs $569m profit in 2019) on

SOUTHWEST AIRLINES had $908m net loss for 4Q20 (vs $514m profit in 4Q19) on 64.9% lower revenues; and $3.1b net loss in 2020 (vs $2.3b profit in 2019)

AMERICAN AIRLINES had $2.2b net loss for 4Q20 (vs $414m profit in 4Q19) on 64.4% lower revenues; and $8.9b net loss in 2020 (vs $1.7b in 2019) on 62.1

Nearly a year’s worth of restrictions caused by the COVID-19 pandemic does not appear to have diminished interest in flying by business jet to the annual Super Bowl, which takes place Feb. 7 at Raymond James Stadium in Tampa, Florida.

The International Chamber of Commerce (ICC) has announced that Etihad Airways, in partnership with health and security services firm International SOS

Canada’s Air Transat will suspend all flights to and from Toronto (YYZ) for the remainder of the winter, citing the COVID-19 pandemic.

ULCC Wizz Air said it will be able to ramp up to full capacity quickly once the market returns and COVID-19 uncertainty subsides.

Cathay Pacific has announced a new convertible bond issue that will raise HK$6.7 billion ($870 million), giving it an additional financial buffer as the business environment becomes even more challenging.

AIRCASTLE announced pricing of its $750m senior notes due 2028 at an issue price of 98.543%.

Boeing has pushed back first deliveries of the 777X by an additional year to the end of 2023 after disclosing the need for a late flight control system-related modification driven by stiffer certification requirements in the wake of the 737 MAX experience.

The European Commission (EC) has reportedly told the Italian government that it cannot simply transfer Alitalia’s assets into the country’s new national carrier Italia Trasporte Aereo (ITA).

European air cargo execs are calling for greater regional harmonization and streamlining measures to support their sector as it transports COVID-19 vaccines worldwide.

BOEING GLOBAL SERVICES earned $450m on $15.5b sales in 2020 vs $2.7b on $18.5b in 2019.

HAWAIIAN had $162.6m net loss in 4Q20 (vs $49.7m profit in 4Q19) on 79% lower revenues; and $410.9m net loss for 2020 (vs $224m profit in 2019) on 70

GENERAL DYNAMICS AEROSPACE earned $401m on $2.4b sales in 4Q20 ($11.6b backlog) vs $480m on $2.9b in 4Q19; and $1.1b on $8.1b sales in 2020 vs $1.5b

BOEING had $8.4b net loss on $15.3b revenues in 4Q20 vs $1b loss on $17.9b in 4Q19; and $11.9b net loss on $58.2b in 2020 vs $636m net loss on $76.6b

Plans to demonstrate an autonomous aerial firefighting capability with an Erickson S-64 Aircrane heavy-lift helicopter have been delayed because of the coronavirus pandemic.

Hopes for Chinese carriers to return a profit in the first quarter have been dealt a blow after the Civil Aviation Administration of China (CAAC) issued an order for flights tickets to be refunded or rescheduled for free.

After a choppy start to 2021, Hawaiian Airlines expects to reach 75% to 85% of its 2019 capacity in the summertime, with its North American network driving the majority of that growth.

Three of the region’s widebody operators are negotiating to cut their debt loads and dispose of some of their aircraft.

At the close of a tumultuous 2020, trends in business aviation paint a picture of positivity around the sector that suggests better times will follow

Alaska Air Group plans to deploy 80% of its pre-pandemic capacity this summer, reflecting new optimism that an inflection point in travel demand will occur sometime during the first half of 2021.

The European Commission (EC) is proposing member states implement tighter travel restrictions as newer, more infectious coronavirus strains take hold.