Deeper job cuts at Boeing as pandemic throttles air travel
Boeing said Wednesday that it will cut 7,000 more jobs as it continues to bleed money during a pandemic that has smothered demand for new airline planes. The company said Continue Reading
Air traffic to fall 66% in 2020 as COVID-19 crisis continues: IATA
The airline industry is gearing up for a difficult fourth quarter in 2020 as fresh outbreaks of coronavirus continue to crop up and restrictions remain in place on cross-border travel, Continue Reading
Airlines continued to suffer in Q3 as fleet capacity returning outpaced demand: IATA
Initial third-quarter financial results from airlines show airlines have had low revenues due to weak travel demand caused by the coronavirus pandemic as global fleet capacity has increased, the International Continue Reading
British Airways warns of deepening travel slump as losses mount
British Airways owner IAG ICAG.L warned the travel slump from the coronavirus pandemic had deepened, forcing it to axe even more of its winter flying schedule after it reported on Continue Reading
The Oil Market Has an Aviation Problem
After an unprecedented drop in air travel due to the coronavirus, passenger airlines are being forced to make long-term, make-or-break decisions at a time of great uncertainty and minimal cash Continue Reading
Boeing says pandemic will cut demand for planes for a decade
Boeing is lowering its expectations around demand for new planes over the next decade as the coronavirus pandemic continues to undercut air travel. The company on Tuesday predicted that the Continue Reading
Airlines Poised to Sideline Over 30,000 Workers as Washington Debates Relief
After an unprecedented drop in air travel because of the coronavirus, passenger airlines are being forced to make long-term, make-or-break decisions at a time of great uncertainty and minimal cash Continue Reading
Aviation group sets out pathways to halve carbon emissions by 2050
The global aviation industry can slash its CO2 emissions in half by 2050 and reach net-zero emissions about a decade later, aviation industry group the Air Transport Action Group said Continue Reading
Top U.S. airlines starting 32,000 furloughs as bailout hopes fade
American Airlines and United Airlines, two of the largest U.S. carriers, said they were beginning furloughs of over 32,000 workers on Thursday as hopes faded for a last-minute bailout from Continue Reading
Will Jet Fuel Demand Ever Recover?
Airlines were banking on summer travel to offset some of the steep losses from grounded flights in the second quarter. Although everyone knew that air travel would take the longest Continue Reading
How a Fortunate Few Airlines Profit in a Pandemic: Lots of Cargo
The only major airlines making money these days are busy flying cargo, not passengers. Of the world’s 30 largest airlines by revenue, just four reported profits for the April-June quarter, Continue Reading
White House urges Congress to pass separate aid bill for airlines
The Trump administration is urging U.S. lawmakers to pass separate bills to aid airlines and other sectors, given failure to reach agreement on a broader package of stimulus funding, White Continue Reading
Neste and Shell to increase supply of sustainable aviation fuel
Finnish biofuel producer and oil refiner Neste NESTE.HE said on Wednesday it had signed an agreement with Shell Aviation to significantly increase the supply and availability of sustainable aviation fuel. Continue Reading
Airbus CEO Warns on Jobs After Air Travel Market Worsens
Airbus SE Chief Executive Officer Guillaume Faury stepped up his warning on forced job cuts at the European planemaker as a sharper-than-expected decline in travel leads carriers to push back Continue Reading
Sweden introduces GHG reduction mandate for aviation fuel for 2021, increasing to 27% in 2030
Sweden has an ambitious target of being fossil-free by 2045. As a part of the initiative, the Swedish Government announced on 11 September the introduction of a greenhouse gas (GHG) Continue Reading
Growing number of airlines offer ‘flights to nowhere’ as international travel remains stalled – The Washington Post
With international travel in much of the world still disrupted by the coronavirus pandemic, some airlines are resorting to “flights to nowhere” that target passengers who long for air travel — Continue Reading
U.S. proposes to waive minimum flight requirements for airlines until March 2021
The Federal Aviation Administration said on Friday it favors the extension of temporary waivers of minimum flight requirements at some U.S. airports through late March 2021 due to the coronavirus Continue Reading
US and European airlines cut schedules as passengers fail to return
US and European airlines warned on Wednesday of grim outlooks for the coming months, cutting schedules as passengers continue to avoid air travel during the pandemic. Ryanair, Europe’s largest low-cost airline, Continue Reading
Airline analysts warn ‘the hardest part’ is yet to come Uncertaint
Airlines are struggling through their worst crisis since the first commercial service began flying passengers just over 100 years ago. In the past week alone, US carrier American Airlines said it Continue Reading
United Airlines announces biggest pilot job cut in its history
United Airlines ( UAL.O ) is preparing for the biggest pilot furloughs of its history after announcing on Thursday the need to cut 2,850 pilot jobs this year, or about Continue Reading
Eighty Years After Hindenburg, Startup Pitches Hydrogen Flight
The aviation industry is under pressure to do something about the immense amount of carbon emissions its engines generate. The output is accelerating many times faster than from sectors such Continue Reading
Virus pandemic reshaping air travel as carriers struggle
In a bid to survive, airlines are desperately trying to convince a wary public that measures like mandatory face masks and hospital-grade air filters make sitting in a plane safer Continue Reading
Jet fuel recovery stymied on fears of a second coronavirus wave
Jet fuel prices are convalescing despite an increase in scheduled flight capacity amid fears of a second wave of the coronavirus in some European countries. European jet stocks, both inland Continue Reading
Optimism for US jet fuel retreats amid second virus wave
Participants in the US jet fuel market expect to see little change in demand for the fuel through September, with reports from the second quarter suggesting recovery has decelerated amid Continue Reading
American considering cutting flights to many smaller cities
American Airlines is planning to drop flights to up to 30 smaller U.S. cities if a federal requirement to continue those flights expires at the end of next month, an Continue Reading
How COVID Could Clean Up Airline Emissions
It’s been nearly 12.5 years since Virgin Atlantic flew a Boeing 747 between London and Amsterdam partly powered by a biofuel made from Brazilian babassu nuts and coconuts. Although Sir Continue Reading
Loss-making Lufthansa forecasts no air travel take-off until 2024
Lufthansa does not expect air travel demand to return to pre-coronavirus crisis levels until at least 2024, as the German airline posted a 1.7 billion euro quarterly operating loss. The Continue Reading
Aviation Chiefs Seek Tesla-Like Disruptor to Drive Clean-Up
The next breakthrough in aircraft design is likely to come from a “disruptor” rather than the two dominant planemakers, Boeing Co. and Airbus SE, according to one of the industry’s biggest customers. “I’m looking Continue Reading
Flying declined substantially more than driving during the current pandemic
In this brief note, I examine the distances traveled by flying and driving in the United States in March and April 2020—the first two months of the current pandemic—and compare Continue Reading
Delta Trims Flying Amid Coronavirus Pandemic
Air travel is full of opportunities for coronavirus transmission. Touchless check-in, plexiglass shields, temperature checks, back-to-front boarding and planes with empty middle seats are all now part of the flying Continue Reading
Airline Bailouts Point to Greener Travel — and Higher Fares
Europe’s $36 billion of airline bailouts could herald a shift to lower-emission travel as countries impose environmental strings on aid. Those requirements may also mean customers have less choice and Continue Reading
Covid-19 Crisis Puts Further Pressure on Big Jets
As the coronavirus pandemic rocks the aviation industry, two industry giants are fighting to protect their legacies. WSJ’s Jaden Urbi explains what Boeing and Airbus are doing to survive this Continue Reading
Inside the Aviation Industry’s Toughest Battle Yet: Getting Back in the Skies
The global aviation industry is preparing to fly again. Heathrow Airport, one of the world’s biggest gateways, illustrates how hard that will be until governments decide how to allow overseas Continue Reading