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Lufthansa warns of further restructuring costs in Q4

Reuters
Posted at Nov 05 03:03 PM

Lufthansa on Thursday said it booked a net loss of 2 billion euros ($2.35 billion) in the third quarter due to the pandemic-related slump in travelling and said further restructuring measures would weigh on fourth-quarter figures.  Read more »

Air France-KLM warns of bigger losses amid lockdowns

Laurence Frost, Reuters
Posted at Oct 30 04:40 PM

Air France-KLM unveiled a 1.05 billion-euro ($1.24 billion) quarterly operating loss and warned of worse to come as a resurgent coronavirus brings new travel curbs. Read more »

Cathay Pacific to cut 5,900 jobs, end Cathay Dragon brand due to pandemic

Jaime Freed, Reuters
Posted at Oct 21 08:28 AM

Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would cut 5,900 jobs and end its regional Cathay Dragon brand as it grapples with a plunge in demand from the coronavirus pandemic. Read more »

United Airlines slashes costs to prepare for eventual COVID-19 rebound

Tracy Rucinski and Ankit Ajmera, Reuters
Posted at Oct 15 10:31 AM

United Airlines said on Wednesday it cut operating costs by 59 percent in the third quarter and had nearly $20 billion of liquidity to position it for an eventual recovery from the COVID-19 crisis that has hammered the travel industry.   Read more »

Local airlines eye further cuts, other measures to ride out pandemic, says air carriers group

ABS-CBN News
Posted at Oct 13 10:46 AM

Airlines in the country are eyeing further cuts and other measures to ride out the pandemic as revenues remain scarce, the Air Carriers Association of the Philippines said Tuesday.  Read more »

French Airbus workers sign key restructuring deal

Johanna Decorse, Reuters
Updated as of Oct 13 09:56 AM

Major French unions on Monday signed a keenly awaited labour deal with Europe's Airbus covering job reductions and furloughs for production workers affected by coronavirus-blighted demand for passenger jets. Read more »

Malaysia Airlines boss says will have to shut down if restructuring plan fails

Joseph Sipalan and Anshuman Daga, Reuters
Posted at Oct 12 09:36 AM

Malaysia Airlines will have to shut down if its lessors decide not to back its latest restructuring plan, the chief executive of the airline's parent group was quoted as saying on Saturday.   Read more »

Australia's Qantas posts $1.9 billion loss, confirms job cuts

Agence France-Presse
Posted at Aug 24 08:50 AM

Australian flag carrier Qantas on Thursday posted an almost US$2-billion annual loss after a "near-total collapse" in demand due to the coronavirus pandemic.   Read more »

Boeing seeks more voluntary layoffs

Agence France-Presse
Posted at Aug 19 09:14 AM

Boeing is launching a second round of voluntary layoffs to trim its workforce, the company said Tuesday, as it navigates a brutal commercial aviation market and seeks to return the 737 MAX to service. Read more »

Physical distancing on aircraft ‘nice’, but unrealistic: Emirates

Agence France-Presse
Posted at Jul 16 09:52 PM

Emirates resumed operations two weeks later on a limited network and plans to fly to 58 cities by mid-August, down from about 157 before the crisis.   Read more »

Pagbangon ng mga negosyong pinadapa ng COVID-19 posibleng abutin nang 2 taon - labor official

ABS-CBN News
Updated as of Jun 06 07:56 PM

Isa ang airline industry sa mga apektado ng COVID-19 outbreak, lalo na’t karamihan ng biyahe, partikular na ang mga leisure travel, ay natigil muna dahil sa pandemya.  Read more »