Aviation

Bloomberg UK airline Flybe collapsed into administration after failing to secure a last-ditch bailout from the government, leaving no other option than to ground the regional carrier serving far-flung parts of the UK. Britain’s largest domestic airline had been teetering for months. It avoided liquidation in January, when Boris Johnson’s government came out in support of state intervention and its ...

Bloomberg Norwegian Air Shuttle ASA withdrew its financial guidance for 2020 as the coronavirus outbreak wreaks havoc on the airline industry. The troubled Nordic carrier said it can no longer stand by the goals it gave investors less than a month ago, adding to the list of airlines warning of the impact of the epidemic that has led to lower ...

Bloomberg While the novel coronavirus has killed thousands and roiled economies, there’s been an unlikely upside for air travel in the US. Passengers flying in America now have more cabin space as airlines are deploying wide-body aircraft domestically because demand for international routes has slumped, according to OAG Aviation Worldwide. “Such short-term fleet changes create great opportunities for the regular ...

Bloomberg More travel restrictions will be announced soon to help prevent the spread of coronavirus, said Transportation Security Administration (TSA) chief David Pekoske. “There will be additional countries, I’m sure, as we continue to work with the task force, and I think those announcements will be relatively soon,” Pekoske told the US Senate Appropriations Committee’s homeland security panel. The comments ...

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the European discount airline is in talks with Boeing Co about a follow-on order for the US manufacturer’s grounded Max model. While the Max has been idled worldwide for close to a year after two fatal crashes, Ryanair is in “active discussions” to buy more of the narrow-body planes, O’Leary ...

Bloomberg United Airlines Holdings is nixing fees for reservations made this month, as the spread of coronavirus roils global travel. The waiver applies to all tickets booked between March 3 and March 31, the carrier said. If customers cancel their flight, they can retain the ticket value for trips within the next 12 months. “The coronavirus outbreak continues to create ...

Bloomberg Frankfurt airport is operating again after several drone sightings prompted the suspension of all flights for almost two hours. German air navigation service provider DFS suspended all incoming and outgoing flights between about 11.20 am and 1 pm on March 2 after a pilot spotted a drone, Fraport AG spokesman Dieter Hulick said by phone. Airlines cancelled 77 flights ...

Bloomberg Warren Buffett’s Berkshire Hathaway Inc boosted its stake in Delta Air Lines Inc last week, taking advantage of bargain prices amid market declines. Berkshire acquired more than 976,000 shares for about $45.3 million, or an average price of $46.40, according to a filing. Delta stock dropped about 20% last week as markets plummeted on concern about the coronavirus. Buffett, ...

Bloomberg Global airline and transportation shares are reeling from the disruptions caused by the coronavirus epidemic. Yet one stock has bucked that trend and is now the second-best performer on South Korea’s benchmark index this year. Hanjin Kal Corp, the holding company that owns shares in Korean Air Lines Co and Jin Air Co, has soared 102% in 2020. As ...

Bloomberg Chinese airlines are offering tickets at what are known colloquially as cabbage prices as they start restoring seat capacity following drastic capacity cuts enforced by the coronavirus. A one-way direct trip from Shanghai to Chengdu on Juneyao Airlines Co this Saturday costs just 90 yuan ($13) plus 50 yuan in taxes. That’s a three-and-a-half hour journey, about the same ...