Aviation

Bloomberg American Airlines is resuming much of its short-distance service to Latin America and starting to bring back longer flights over the next few weeks, building off of its dominance in the region among US rivals. South America is the strongest part of American’s long-haul system amid the coronavirus pandemic “when, admittedly, all of it is relatively weak,” Chief Revenue ...

Bloomberg Singapore Airlines Ltd posted its biggest ever quarterly loss as the coronavirus decimated travel demand and fuel hedging and fleet impairment charges weighed on its bottom line. The carrier reported a net loss of S$2.3 billion ($1.7 billion) for the three months ended on September 30 versus a S$94.5 million profit the same period a year ago, before Covid-19 ...

Bloomberg EasyJet Plc boosted cash reserves via a new round of aircraft sales as a wave of coronavirus lockdowns pushes it to deepen capacity cuts. Britain’s biggest discount carrier raised $169.5 million through the sale of 11 Airbus SE jets, which it will lease back, according to a statement. The move takes the number of planes involved in such transactions ...

Bloomberg Southwest Airlines Co issued notices for what could be the first involuntary furloughs in its 49-year history, saying a union declined to discuss concessions aimed at cutting payroll costs. Forty-two workers who manage parts inventory and are represented by the Teamsters union received federally required notices that they could be laid off as of January 11, the Dallas-based airline ...

Bloomberg JetBlue Airways Corp is adding flights from the New York area during Thanksgiving week in a bid to tap an uptick in demand amid the coronavirus pandemic, just as Governor Andrew Cuomo is beefing up enforcement of quarantine restrictions. The 25 nonstop flights will operate between November 20 and November 30 from New York’s John F Kennedy International as ...

Bloomberg Ryanair Holdings Plc said losses are set to worsen this winter as a new wave of coronavirus lockdowns frustrates attempts to bring back flights at Europe’s biggest discount carrier. The shortfall in the fiscal second half, which began on October 1, is set to exceed the 197 million-euro ($229 million) loss of the first six months, Ryanair said in ...

Bloomberg Pilot unions and families of those killed in a crash of Boeing Co’s 737 Max are asking for revisions to proposed new training for the grounded jetliner. The Federal Aviation Administration’s (FAA) proposed new training module and emergency checklists for the Max are “clunky at best” and should be streamlined, the Southwest Airlines Pilots Association said in comments filed ...

Bloomberg All airlines are feeling the coronavirus pinch but one that hasn’t flown since April 2019 after collapsing under a pile of debt is the world’s best performing — at least from a share price point of view. Stock in Mumbai-listed Jet Airways India Ltd has surged almost 150% this year versus a 42% plunge in the 27-member Bloomberg World ...

Bloomberg Spain’s Ciudad Real airport had become almost obsolete before the Covid-19 outbreak, operating mainly as a drop-off point for hunting enthusiasts keen to visit the region’s renowned country estates. The arrival of the coronavirus ended even that trickle of demand, tearing up the growth plans of the owner, CR International Airport SL. But rather than face the prospect of ...

Bloomberg Comair Ltd, the South African partner of British Airways, said it secured financing from banks, paving the way for the resumption of flights in December. The lenders, which weren’t identified, will provide the airline with new debt facilities and defer interest payments on existing debt, according to a company statement. Comair has also reached an agreement with labor unions, ...