Bloomberg ANA Holdings Inc forecast its biggest-ever operating loss of 505 billion yen ($4.8 billion) for the fiscal year through March 2021, the latest airline to face an existential threat to its business due to the pandemic. The Japanese carrier unveiled a restructuring plan that calls for: A newly branded low-cost carrier in addition to Peach, the budget airline already ...

Bloomberg Deutsche Lufthansa AG told staff that winter schedule cutbacks will cause it to bench an additional 125 aircraft and temporarily close large parts of its administrative operations. The reduction will cut the carrier’s active fleet back to the level it operated in the 1970s, with the impact filtering through its operations, it said in a letter to employees seen ...

Bloomberg The resurgent Covid-19 pandemic is pushing back the recovery in air travel, turning winter into a survival test for carriers now pinning hopes on a spring rebound. Airlines are urging governments to introduce more testing and travel bubbles to help spur demand. The industry is on track to burn through an estimated $77 billion in cash the second half. ...