Aviation

Bloomberg Deutsche Lufthansa AG warned that compulsory dismissals are likely in Germany amid slow progress in talks with unions, stiffening its tone as it braces for years of reduced demand. Europe’s biggest airline posted an adjusted operating loss of 1.7 billion euros ($2 billion) in the second quarter — its biggest ever — wrapping up a dismal set of results ...

Bloomberg The Air India Express jet that overshot the runway on August 07, killing at least 18 people, had touched down too far along the airstrip, the chief of India’s aviation regulator said amid ongoing investigations. Arun Kumar, director general for civil aviation, told CNN News-18 that the plane landed about 3,000 feet into a 9,000 feet-long runway, causing it ...

Bloomberg Korean Air Lines provided some rare positive news for the devastated global aviation industry, reporting a quarterly profit after flying planes loaded with products from South Korean technology giants to homebound consumers around the world. The carrier’s operating profit was 148.5 billion won ($125 million) for the April-June period. Cargo sales climbed 95% from a year earlier to 1.23 ...

Bloomberg The black boxes of an Air India Express jet that crashed, killing at least 18 people, has been recovered after authorities completed the rescue operation. The digital flight data recorder and cockpit voice recorder can help investigators piece together what caused the Boeing Co 737 to skid off the runway and break apart while attempting to land on August ...

Bloomberg Airbus SE delivered 49 new jets to its customers last month, overcoming travel restrictions and virus-afflicted demand to post its third straight monthly increase. The July tally, achieved solely with narrow-body aircraft, marked a 36% increase from the 36 handovers recorded in June, according to a statement. Airbus registered four new orders during the month and had no cancellations ...

Bloomberg Virgin Atlantic Airways Ltd was granted US bankruptcy protection as the carrier controlled by Richard Branson pursues a 1.2 billion-pound ($1.6 billion) rescue plan in the UK. The provisional ruling by US Bankruptcy Judge Michael E Wiles in Manhattan protects the airline’s American assets and ensures that the debt reorganisation will be overseen under the British legal process. After ...

Bloomberg Delta Air Lines Inc plans to use clean cabins to boost customer satisfaction and attract a larger portion of people who still fly, aiming to reduce the cash it burns daily to zero by year-end. The airline will work for a Net Promoter Score of at least 65 in the second half, 15 points above Delta’s average performance last ...

Bloomberg Richard Branson’s Virgin Atlantic Airways filed for Chapter 15 bankruptcy protection in the US after telling a London court it was set to run out of cash next month if a pending rescue deal isn’t approved. The airline filed its petition in the Southern District of New York. Chapter 15 allows foreign companies with US assets to protect themselves ...

Bloomberg American Airlines Group Inc is offering additional programs to encourage more pilots to leave the carrier, stepping up efforts to avoid forced furloughs later this year as the coronavirus pandemic guts travel demand. The options include a plan to alternate months of flying and unpaid time, leaves of absence of as long as three years and a voluntary early-exit ...

Bloomberg Hedge fund manager David Einhorn said he bought a stake in Atlas Air Worldwide Holdings Inc in the second quarter, betting that the cargo carrier will benefit from a shortage of airfreight capacity caused by the coronavirus pandemic. Passenger planes handled about half the world’s airborne cargo before the pandemic, with most of it on long international flights, the ...