Ryanair Group posted a €197 million ($230 million) net loss for its fiscal 2021 first half (H1) but said it sees opportunities for expanding its network and fleet in a post-COVID-19 landscape of depressed traffic within Europe.
Leisure travel has been banned in England for four weeks from Nov. 5 under a second national lockdown that piles further pressure on the country’s airlines.
The International Airlines Group continues to pursue the acquisition of Spanish carrier Air Europa in spite of the massive financial pressures caused by the COVID-19 pandemic.
Air cargo operators and shippers are facing a severe squeeze on capacity as the sector’s traditional year-end peak season, driven by holidays and retail demand, gets underway.
Textron Aviation is expected to return to profitability in the fourth quarter after an “encouraging” recovery in orders for business aircraft, Textron CEO Scott Donnelly said on an Oct. 29 third-quarter results call with analysts.
The European Commission (EC) has pledged to develop a coordinated testing protocol for travelers, starting with aviation, as part of broader measures aimed at helping Europe better face up to the crisis.
British lawmakers have expressed concern that the government’s planned Integrated Review of the UK’s defense posture may be further delayed or incomplete when published in November.
Dubai-based LCC flydubai has expanded its network to 44 destinations worldwide, and further frequency increases are planned as demand continues to grow.
Ryanair will suspend operations from Irish airports with the exception of Dublin (DUB) for four weeks starting Nov. 14 due to COVID-19 restrictions there.
Since March, private aviation has highlighted the inherent advantages it offers people who need to travel but are unwilling to take the risk of exposure to COVID-19 that comes with flying on a commercial airliner. But how best to identify and address this potential new market?
The Pentagon’s Mobility Capabilities and Requirements Study has been delayed for another three months, but the head of U.S. Transportation Command has provided a sneak peek of the results, disclosing that the assessment may reveal a need for more intratheater airlifters.
Gulfstream Aerospace delivered 32 aircraft in the third quarter, down from 38 a year ago, although sales activity in the quarter was a “quantum leap” better than in the second quarter, a top official said.
Boeing plans to cut its workforce by almost 19% by the end of 2021 and is beginning a consolidation process that could see up to a 30% cut in the company’s footprint, Boeing said Oct. 28 while discussing third-quarter results.
Boeing will cut more jobs and ramp up its cash-preservation strategy as it continues to streamline operations and minimize financial damage exacerbated by the global airline downturn, company executives said Oct. 28.
Austrian Airlines will cut capacity for the coming winter schedule further to only 20% or less of 2019 levels as the rising number of COVID-19 cases in Europe is expected to dampen any new travel demand.
CEO Jude Bricker says the passenger airline’s flexible route network and cargo-handling deal with Amazon have enabled it to remain resilient during the COVID-19 pandemic.
