Reuters looks at the challenge of finding parking spots for all the planes airlines are now grounding. According to Cirium data from March 27, nearly one-third of the entire global airline fleet is now idled — that’s more than 7,100...
Read MoreTaiwan’s population has been spared the worst of the Covid-19 pandemic, thanks to effective public policy. But the island can’t escape the pathogen’s economic devastation. Nor, for that matter, can its airlines. Taiwan is an export-oriented economy dependent on world...
Read MoreWill the IAG takeover of Air Europa be called off? As of now, there are no signs of any changes. How about Air Canada’s takeover of Transat? Canada’s competition bureau had some negative things to say last week, warning of...
Read MoreBrazil on March 19 approved the sale of Embraer’s commercial division to Boeing, a deal that it approved earlier this year. The sale had come under renewed scrutiny after prosecutors asked the country’s antitrust regulator to reevaluate its decision. But...
Read MoreThe Covid-19 crisis will greatly reshape the world’s economy in ways no one yet knows. But it’s already moving financial markets in profound ways. Stock prices are way down. So are prices for commodities, including oil. Interest rates are falling...
Read MoreA “state of emergency.” That’s how Germany’s Lufthansa described the current crisis that grips the world’s airline industry. During its discussion of financial results for 2019, the airline spent at least as much time talking about the dire circumstances it...
Read MoreThe labor-intensive airline industry is one of the world’s most unionized, and the gains unions make for their members are significant. But securing gains now? Not likely, as the coronavirus pandemic throws a wrench into the management-labor balance of power....
Read MoreRemember when IATA, giving its worst-case scenario on March 5, said airlines could lose $113b in revenue from the Covid-19 pandemic? That now seems trivial compared to what they’ll actually lose. With things changing so fast, IATA didn’t issue a...
Read MoreThe Covid-19 virus crisis is now a full-blown pandemic affecting all corners of the earth, not to mention all airlines of the earth. In China, the worst might be over as the number of new cases reportedly decline. In Europe...
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