Airline News
Delta reports $15.6bn loss for financial 2020
Daily cash burn averaged $12 million for the three months to December, though this was down from $24 million per day in the September quarter.
Virgin Atlantic raises new finance with Boeing Dreamliner deals
Virgin Atlantic has completed “financing transactions” relating to two Boeing 787 aircraft in partnership with Griffin Global Asset Management and Bain Capital Credit.
Wizz Air Abu Dhabi to add Tel Aviv flights next month
The new route, launching on February 12th, will create new opportunities for travellers and further diversify the tourism sector in the capital of the United Arab Emirates.
Norwegian to abandon long-haul operations
Low-cost carrier Norwegian has outlined a simplified business structure and dedicated short haul route network as it plans a return from the Covid-19 shutdown.
England pre-departure Covid-19 testing delayed until Monday
Travellers arriving by plane, train or boat from Monday, including UK nationals, will have to take a test up to 72 hours before leaving the country they are in.
British Airways facing group action claim over data breach
More than 16,000 customers have now joined the case ahead of a March deadline to sign up to the action, according to PGMBM, the lead solicitors in the group litigation case.
Boeing sees plane delivers slip by two thirds
Boeing delivered a total of 59 commercial planes in the fourth quarter capping a disappointing year for the American plane manufacturer. In total, the company delivered 157 commercial jets in 2020.
Jet2 cancels all UK outbound trips until March
The leisure operator said the decision to cancel all flights until March 25th was the result of uncertainty surrounding travel restrictions caused by the Covid-19 pandemic.
Heathrow sees huge fall in traffic during 2020
In December, passenger numbers plummeted 83 per cent when compared to 2019, as fears about the new strain of Covid-19 meant countries shut their borders to the UK.
Qatar Airways returns to Riyadh after blockade lifted
Services have been suspended since June 2017, when Saudi Arabia launched an economic blockade against Qatar in response to what it perceived to be political transgressions.
Airbus sees deliveries slip by a third in 2020
Airbus delivered 566 commercial aircraft to 87 customers last year, down by a third from 2019. However, the manufacturer said the figure represented the “resilience” of its business model.
easyJet secures £1.4bn government-backed loan
The deal is underwritten by a syndicate of banks and is supported by a partial guarantee from UK Export Finance under its Export Development Guarantee scheme.