Airlines

Companies in this industry provide scheduled domestic and international passenger transportation, as well as mail and freight transportation.

Worldwide, the airline industry generates more than $800 billion in revenue annually. The number of air travelers is expected to exceed 4.5 billion in 2019, up from about 3 billion in 2012, according to the International Air Transport Association. Top regions for passenger growth include the emerging economies of Africa, Asia/Pacific, Latin America, and the Middle East.

The US airline industry includes about 2,200 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $190 billion.

Here’s a snapshot of select publicly listed Airlines:

  • Controversy over South African gov't bailout to save SAA
    on September 18, 2020 at 2:33 pm

    In a controversial last minute move to ward off the liquidation of South African Airways (SA, Johannesburg O.R. Tambo), the country’s government says it will reprioritise state funding to save the stricken airline. The announcement came as SAA’s administrators convened an urgent meeting of creditors on September 18, 2020, warning the company, in business rescue since December 2019, was running out of cash; and that government funding promised by September 16 had not materialised. Administrators...

  • Comair business rescue plan gets thumbs-up
    on September 18, 2020 at 12:47 pm
  • Australia’s Qantas seeks cheaper premises to cut costs
    on September 18, 2020 at 12:25 pm

    Qantas (QF, Sydney Kingsford Smith) is considering moving its offices and aviation facilities within Australia and has invited expressions of interest from different states. The Sydney-based carrier has launched a three-month review of the location of its key facilities as part of its recovery plan and efforts to reduce overheads in response to the COVID-19 crisis, the airline said in a statement, adding it flowed from 25% job cuts of corporate and head office employees. Under review were its...

  • China’s Qingdao Airlines transitions to state ownership
    on September 18, 2020 at 11:05 am
  • Gov't open to Thai Airways debt restructuring
    on September 18, 2020 at 9:45 am
  • Aeroméxico seeks to convert 71 leases to power by the hour
    on September 18, 2020 at 8:25 am
  • Israel’s Arkia to resume as deal inked on layoffs, pay cuts
    on September 18, 2020 at 7:05 am

    Arkia Israeli Airlines (IZ, Tel Aviv Ben Gurion), its workers’ committee, and Israel’s powerful national trade union Histadrut have agreed to cut almost 25% of the workforce, the country’s Hebrew-language International Air Services news site reported. According to the deal signed late at night on September 16, Arkia will dismiss 130 of its 530 staff, while the employees who remain who are earning more than ILS8,000 shekels (USD2,336) per month will take a pay cut. Anyone earning up to that amount will see no change. Laid-off employees will be...

  • El Al to resume ops, offering nets $148m, Rosenberg buys 43%
    on September 18, 2020 at 5:45 am

    As expected, El Al Israel Airlines (LY, Tel Aviv Ben Gurion) raised ILS505 million shekels (USD148 million) in its share offering on September 16, it said in a stock exchange filing, completing a measure that now opens the way to a state bailout package. It sold 753,353,000 new shares at a minimum price of ILS0.671 shekels (USD0.196) per share, according to a bidding report summarised in the filing. A total of 491 orders were received to buy the shares, for a total sum of around ILS654 million (USD191 million), but...

  • Saudi Arabia partially lifts travel ban
    on September 18, 2020 at 4:25 am

    Saudi Arabia has lifted its suspension on international flights for certain travellers, but will only fully reopen its skies in January 2021. Since September 15, 2020, certain categories of Saudi citizens and residents are allowed to travel, including public and military sector employees, diplomats and their families, those working for public or non-profit private sector jobs abroad, business travellers, patients who need treatment, those studying abroad, humanitarian cases, and sports teams, the state-owned Saudi Press Agency (SPA) reports. Gulf...

  • Air China Cargo to establish Chongqing branch
    on September 18, 2020 at 3:05 am
  • AirAsia Japan to suspend ops in early 4Q20
    on September 18, 2020 at 1:45 am
  • Estonia's Xfly to open two Finnish bases
    on September 18, 2020 at 12:25 am
  • B747-8 only quadjet with future at Lufthansa - Spohr
    on September 17, 2020 at 11:05 pm

    The B747-8 is the only quadjet type with future at Lufthansa (LH, Frankfurt Int'l), Group Chief Executive Carsten Spohr has said during a meeting with the staff. As reported by Bloomberg and the Frankfurter Allgemeine Zeitung, Spohr told the employees during an online town hall that the carrier would shortly decide the fate of its largest passenger aircraft. He underlined that the resurgence of COVID-19 cases combined with newly imposed and reimposed border restrictions wrecked passenger confidence with bookings...

  • Philippine gov't promises airlines $14.5mn in loans
    on September 17, 2020 at 9:45 pm

    According to the Air Carriers Association of the Philippines (ACAP), the government has allocated around PHP700 million pesos (USD14.5 million) in loans to the country’s beleaguered airlines as part of its second coronavirus pandemic relief measure, which President Rodrigo Duterte signed into law on September 11. The new measure, called Bayanihan to Recover as One Act (Bayanihan 2), referencing a Filipino word derived from bayan (community), replaced Bayanihan to Heal as One Act (Bayanihan 1)....

  • HK Airlines offers pilots cycle of unpaid leave and pay cuts
    on September 17, 2020 at 7:30 pm
  • Tanzania lifts Kenyan operator restrictions
    on September 17, 2020 at 5:47 pm

    Tanzania has lifted a ban on Kenyan airlines after Kenya announced it would no longer impose a mandatory 14-day COVID-19 quarantine on Tanzanian citizens. In a conciliatory move following a diplomatic row between the two East African countries, Kenya on September 15 included Tanzania in a list of 147 countries whose citizens are now exempt from mandatory quarantine when entering the country. Tanzanian Civil Aviation Authority Director General Hamza Johari, in response on September 16, announced “the...

  • Spain's Air Europa seeks €400mn state aid
    on September 17, 2020 at 4:05 pm
  • Aeroflot shareholders back offering of 1.7bn new shares
    on September 17, 2020 at 2:22 pm

    Aeroflot (SU, Moscow Sheremetyevo) shareholders have approved at an extraordinary general meeting a state-approved increase in the company’s authorised capital by placing up to 1.7 billion additional shares via public subscription, the company said in a statement. The offering may also be opened up to private investors. The offering would more than double Aeroflot’s total shares, and this would rise to 60% of its enlarged capital if issued in full. The company has not yet set a price for the issue....

  • Crunch time for South African Airways
    on September 17, 2020 at 12:39 pm

    It’s crunch time for state-owned South African Airways (SA, Johannesburg O.R. Tambo), as the country’s government appears to run out of time to rescue the embattled airline. The government had until today (September 17, 2020) to provide urgently needed funding for the restructuring of SAA and the implementation of its business rescue plan. The airline’s administrators say the anticipated funding has not been received, and have called an urgent meeting of creditors for September 18, 2020, to decide on the airline’s future....

  • Icelandair offering takes off as loan facility finalised
    on September 17, 2020 at 12:32 pm
  • TAME Ecuador to start asset liquidation
    on September 17, 2020 at 10:50 am
  • Bulgaria's Fly2Sky bases A320 out of Dubai
    on September 17, 2020 at 5:13 am
  • Thai CAA suspends NokScoot, NewGen Airways' AOCs
    on September 17, 2020 at 3:37 am
  • Jetstar resumes domestic services in New Zealand
    on September 17, 2020 at 2:01 am

    After another four-week suspension due to New Zealand’s so-called second coronavirus wave, Australian low-cost carrier Jetstar Airways (JQ, Melbourne Tullamarine) resumes domestic services in the country on September 17, 2020, following the easing of onboard social distancing restrictions. The country has relaxed social distancing rules on public transport, including the need to keep the middle seat open on airlines, and is due to review its COVID-19 alert levels again on September 21, 2020. Air...

  • More West African airlines return to the skies
    on September 17, 2020 at 12:25 am

    Mauritania Airlines (L6, Nouakchott) has resumed international flights following the reopening of the country’s airspace on September 11, 2020, after a month-long closure due to COVID-19. A statement on the airline’s website confirmed Mauritania Airlines would resume with flights from Nouakchott to Mali, Benin, the Republic of Congo, Guinea, and Gabon according to the following schedule: Twice-weekly services from Nouakchott to Bamako, Cotonou, Pointe Noire, and Brazzaville; twice weekly from...

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