The airlines closest to bankruptcy are …
"Bloomberg, the US financial group specialising in economic information, has just published a note on the eight airlines most exposed to the risk of financial collapse. In other words, those that are most likely to fail because of their poor balance sheets. Bloomberg uses the Z-scor system, developed by...
READING TIME: 2 min19,000 jobs at risk at American Airlines
American Airlines has just threatened to cut a record 19,000 jobs when U.S. federal support for airlines through the Coronavirus Support Program (CSP) expires on October 1. Planned staff reductions are expected to bring the total number of American Airlines employees to less than 100,000, down from 140,000 in March.
READING TIME: 1 minTourism: Heathrow finds solution to avoid quarantine
Her Majesty's Government is under enormous pressure from British transporters and tourism professionals to remove the quarantine from some countries, including Spain. Some airlines such as Ryanair and Easyjet still maintain flights to Spanish destinations in particular. While the battle has now shifted to the airports. London's Heathrow airport, for...
READING TIME: 2 minSeen from the sky: Ewa Air, easyJet, Emirates, Lufthansa, Swiss, Qatar Airways, Air Austral, Korean Air, etc.
Due to the persistence of government restrictions in the countries that Air Austral serves in the Indian Ocean area, the airline is extending the suspension of its flights to Asia and on its regional network until at least 30 September 2020. This concerns more specifically the routes Reunion-Bangkok, Reunion-Madagascar,...
READING TIME: 3 minRyanair cancels its scheduled flights for September and October
Forced to put an end to its progressive recovery plan, Ryanair has just announced that it will reduce its...
Emirates A380 to connect Toronto soon
Emirates’ iconic A380 will begin serving travellers on flights to Toronto from 16 August. The Gulf airline has already...
Virgin Atlantic files for bankruptcy
Virgin Atlantic, Britain’s second-largest long-haul airline, filed for bankruptcy Monday in New York, filing a trade lawsuit to bring...
Air France loses one million euros per hour
Air France KLM’s revenues for the second quarter of the year fell from 5,839 million euros last year to...
This company has already lost €850 million since June
This company accumulated losses of precisely 870 million euros in the first half of the year compared to gains...
