Impact of the coronavirus crisis on aviation

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sn26567
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Re: Impact of the coronavirus crisis on aviation

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Daily review (methinks this will continue for a while...):

Air Do of Japan to suspend additional 140 flights on six routes including the Haneda – Sapporo route within January 2021 due to decreased demand.

Air France-KLM is expected to suffer further significant losses in 2021, to the order of €2 billion, which will be less than 2020. A further capital injection of €4.5 to 5 billion is likely to follow.

Thai Airways International is operating a reduced flight schedule from now until 27 March 2021, during the uncertainty surrounding the ongoing pandemic and future demand.

Yemenia calls for assistance from the new government, but says the company’s future is secure despite the downturn caused by the impact of the pandemic.

Oman and India to extend their Air Bubble Agreement by one month until 31 January 2021.
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Re: Impact of the coronavirus crisis on aviation

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Daily review:

EgyptAir Holding was granted a state loan of US$130 million to help the carrier ride the downturn. The government will bear the financing of the loan until the airline can return to 80% of its previous capacity.

Ryanair now expects the newly announced lockdowns will materially reduce its flight schedules and traffic forecast through 1Q 2021. Ryanair now expects that its January traffic to fall to under 1.25 million passengers, and that new restrictions could also reduce February and March traffic to as little as 500,000 passengers each month.
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Re: Impact of the coronavirus crisis on aviation

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Daily review:

Bangkok Airways announces more temporary domestic route suspensions, as well as the temporary closure of its ticketing office due to the pandemic.

Grupo Aeromexico and its pilots did not reach a satisfactory agreement regarding salary modifications, thus putting the carrier in a complicated situation the remaining disbursement of DIP Financing.

Ryanair is threatening Belgium, as well as other countries, with additional job cuts by the end of January 2021, as it looks to reach new labour agreements.

Wizz Air will cut its flying plans for January 2021 because of new lockdowns in Britain, but the carrier still expects travel demand to return by summer.

Portugal is confident the EC will approve its plan to rescue TAP, Finance Minister Joao Leao said in an interview, adding that he expected that green light by the end of March 2021.
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Re: Impact of the coronavirus crisis on aviation

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Daily review:

British Airways and easyJet said they were reviewing their plans in response to new national lockdowns, with reductions to already low levels of flying almost certain.

Virgin Atlantic will this week secure a cash injection of US$230 million, enabling it to repay a costly loan and underpin its finances. The funds will be raised through the sale/leaseback of two B787s.

WestJet to reduce capacity, impacting the jobs of about 1,000 employees, as the carrier faces volatile demand due to mounting government restrictions.

CAA of China said that flights to and from the UK will remain suspended from 11 January 2021 in order to further properly respond to the possible impact of the mutant novel coronavirus.
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Re: Impact of the coronavirus crisis on aviation

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Daily review:

Aeromexico requested to the Mexican labour authorities the termination “due to force majeure” of the collective contracts of pilots and flight attendants, as an agreement could not be reached.

Air Arabia Maroc will proceed with the elimination of several jobs as part of a new social plan.
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Re: Impact of the coronavirus crisis on aviation

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Daily review:

JetBlue and American Airlines Group announced their strategic alliance is moving ahead following review by the US DOT. The carriers expect this alliance will accelerate each airline’s recovery from the pandemic.

LAM of Mozambique announced the end of the operation on the Maputo – Lisbon route due to the pandemic, effectively ending the six-month A330-300 wet-lease with HiFly.

Qatar Airways plans to operate half of its fleet of ten A380s once they return to service.
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Re: Impact of the coronavirus crisis on aviation

Post by sn26567 »

Daily review:

Air Canada is adjusting its network by further reducing 1Q 2021 system capacity by an additional 25%. As a result, there will be a workforce reduction of approximately 1700 employees.

Alaska Air Group reports cash burn in 4Q 2020 was approximately US$350 million. Alaska expects January 2021 cash burn will be approximately $125-$150 million, which assumes the demand environment remains soft in the month.

Azul plans to keep its future A330-900, MSN 1952, in storage until 2022.

Eastar Jet of South Korea plans to file for court receivership in January 2021 to find a new investor amid the pandemic.

Emirates expects its full fleet of A380s and B777s to be in use by the end of 2021 as confidence in travel is renewed.

Qantas expects to run at 60% of pre-pandemic domestic capacity in 1Q 2020 due to state border closings.
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