Aviation

Bloomberg British Airways called on Prime Minister Boris Johnson’s government to set a firm plan for resuming international flights, including timelines and conditions the airline can use to plan ahead for summer season. IAG SA’s flagship airline is seeing a “great demand to travel and a real desire to allow British people to travel,” said Sean Doyle, BA’s chief executive ...

Bloomberg Australia’s government will subsidise 800,000 half-price air fares as part of a A$1.2 billion ($920 million) package to prop up the nation’s ailing tourism industry. To run from April 1 to July 31, the discounted fares are designed to help tourism-dependent regions and should support airlines, hotels and hospitality venues, Prime Minister Scott Morrison said in a statement. The ...

Bloomberg Cathay Pacific Airways Ltd. reported a net loss of HK$21.65 billion ($2.8 billion) for 2020, a period the carrier described as “the most challenging 12 months of its more than 70-year history” as the coronavirus pandemic brought unprecedented disruption to global air travel. The outlook isn’t much better, according to Chairman Patrick Healy, who said “it is by no ...

Bloomberg US airlines carried an average of more than 1 million passengers a day in the past week, the highest non-holiday total since the Covid-19 pandemic began gutting travel demand in the countryalmost a year ago. The total of 1.28 million was the third highest since travel collapsed in mid-March 2020, according to data reported by the Transportation Security Administration ...

Bloomberg American Airlines group Inc. is kicking off a $7.5 billion sale of bonds and leveraged loans backstopped by its frequent-flyer program, capitalising on low borrowing costs to repay US government loans that have helped it navigate the pandemic. The carrier is marketing two $2.5 billion series of notes maturing in 2026 and 2029, and a term loan credit facility ...

Bloomberg US airlines, joined by travel groups and labour, urged the Biden administration to take the lead in developing standards for temporary Covid-19 health credentials that would help reopen global travel by documenting vaccinations and test results. The US “must be a leader” in efforts already underway in other regions to implement such travel passports, groups including Airlines for America ...

Bloomberg Heathrow airport, unionised workers and ground-handling staff issued a joint plea to UK Prime Minister Boris Johnson for more state funding to help the aviation industry survive Covid-19 travel restrictions that put demand at just 2% of its usual level. A June estimate by the New Economics Foundation said a further 124,000 jobs in the UK were at risk ...

Bloomberg The fan blade that broke on a United Airlines plane over suburban Denver last month failed well before it was required to receive its next routine inspection, investigators said. The blade that fractured, triggering the February 20 failure, had 2,979 cycles — each of which represents a flight or any time the engine was started — since its last ...

Bloomberg Boeing Co. leaders were stunned by a barrage of negative articles after a 737 Max plunged into the Java Sea in October 2018, killing all aboard, according to internal communications. The messages, under court order, show that executives and board directors worried about media coverage and indications that pilots on the Lion Air flight were caught unaware by an ...

Bloomberg Delta Air Lines Inc. is making payments to management employees to help offset reductions imposed a year ago when the burgeoning coronavirus pandemic decimated travel demand and prompted workers to take unpaid leave or retire early to help slash spending. The carrier is making the payouts after accepting billions of dollars in federal aid dedicated to preventing broad involuntary ...