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  • US Carriers Cut Operations In NYC Area MIAMI – US airlines United Airlines (UA), Delta Air Lines (DL), jetBlue (B6) and Spirit Airlines (NK) have all reduced daily flights, totaling less than 50, in accordance with travel...
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Industry News

    IATA Postpones 2020 AGM

IATA Postpones 2020 AGM

MIAMI – The International Air Transport Association (IATA) announced today the postponement of its 76th Annual General Meeting (AGM) and the World Air Transport Summit. The 76th IATA AGM and World Air Transport Summit were scheduled to take place on 22-23 June in Amsterdam but the Association, representing some 290

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    Vietnam Bans All Passenger Flights

Vietnam Bans All Passenger Flights

MIAMI – Vietnam’s Ministry of Transport suspended today all scheduled passenger flights to the country effective immediately until April 15 in a move to stop the COVID-19 spread. Vietnam is one of the fastest-growing aviation markets in the region. Cargo flights, foreign officials, business managers, diplomatic medical missions are exempt

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    Airlines Burn Away Cash Reserves

Airlines Burn Away Cash Reserves

MIAMI – The International Air Transport Association (IATA) published today a new analysis showing that airlines may burn through US$61bn of their cash reserves during Q2, posting a quarterly net loss of US$39bn. According to Alexandre de Juniac, IATA’s Director General and CEO, Chief Economist Brian Pearce’s analysis is based on

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    European Airlines Losses Climb

European Airlines Losses Climb

MIAMI – European carriers face a potential revenue loss of US$76bn and passenger demand 46% below normal, putting at risk about 5.6 million jobs and $378bn in GDP supported by air transport.  In light of this situation, the International Air Transport Association (IATA) reiterated its call last Thursday for urgent action

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    China Limits Flights To One Per Week

China Limits Flights To One Per Week

MIAMI – The Civil Aviation Administration of China (CAAC) directs Chinese and foreign airlines to limit flights to one per week within the country starting March 29. Regarding efforts to contain the pandemic, the Asian authorities ordered one route per carrier and also temporarily suspended the entry of foreigners with

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    No Bailout For The UK Aviation Industry

No Bailout For The UK Aviation Industry

MIAMI – UK chancellor of Exchequer Rishi Sunak wrote to airline and airport executives on Tuesday, emphasizing support measures for the aviation industry, but denying them any loans. On Friday, Sunak announced actions such as paying the majority of staff salaries and deferring interest rates and tax payments as other forms

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    IATA: Revenue Losses Worse Than Forecasted

IATA: Revenue Losses Worse Than Forecasted

MIAMI – Today, the International Air Transport Association (IATA) updated its March 5 report on the revenue impact of the COVID-19 and now forecasts a drop of US$252bn. Previously, IATA expected a US$113bn revenue loss, but the gravity of the pandemic crisis has worsened due to government travel restrictions implemented

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    Airbus Takes Liquidity, Customer Support  Measures

Airbus Takes Liquidity, Customer Support Measures

MIAMI – Airbus CEO Guillaume Faury has updated the company’s situation and actions to face the gravity of the COVID-19 crisis and the uncertainly of its economic impact. The actions include giving support to health services, hygiene procedures in sites to resume operations, proposing government support for the aviation industry and revocating

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    The Future of Aviation is in Jeopardy

The Future of Aviation is in Jeopardy

MIAMI – CAPA, a Sydney based aviation analytics company, has predicted that by May, most of the airlines around the world will go bankrupt.  While this may seem like a bold statement, the evidence proves that this is a realistic hypothesis.  The current situation of the airline industry is grim.

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    COVID-19: Delta, SABRE Issue Major Cost Saving Directives

COVID-19: Delta, SABRE Issue Major Cost Saving Directives

MIAMI – Following its bailout requests to survive the current crisis, Delta Air Lines (DL) secures a $2.6bn credit facility while Sabre announces over US$200m in cost-saving actions. As the impact of the COVID-19, now bigger than previously forecasted, companies in the industry are facing passenger demand losses and worldwide

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