AW Daily

U.S. Airlines Could Get $17 Billion in Relief if Bipartisan Covid Relief Is Approved

December 1, 2020

A bipartisan group of lawmakers in the Senate and House of Representatives has proposed $908 billion in emergency pandemic fiscal aid, of which $21 billion could go to airlines and airports if the measure passes. In the new proposal, airlines...

Air Cargo Is Hot Right Now: Does AirAsia Have Last-Mile Amazon Dreams?

November 30, 2020

The Southeast Asian low-cost airline certainly is thinking its future is digital. It may be too soon to say it's a digital company that runs an airline, as AirAsia chief Tony Fernandes has been known to quip, but it certainly...

Airlines Expected to Lose $119 Billion This Year Versus $26 Billion Profit in 2019

November 24, 2020

The year will be even worse for airlines than anyone could have projected. IATA now says the global industry is on track to record $119 billion in losses this year. This is a significant downgrade from IATA's already alarming previous...

Willie Walsh to Head IATA as De Juniac Steps Down

November 23, 2020

Willie Walsh, the former head of IAG, will be the next director general of the IATA, effective April 1. Alexandre de Juniac, who currently leads the association, announced he is stepping down at the group's Annual General Meeting, held virtually...

U.S., UK Ink Open Skies Deal in Advance of Final Brexit

November 17, 2020

It's official. The U.S. and the UK formally signed an open skies agreement, allowing unlimited flights between the two countries. The countries intend to start applying the new deal from January 1, when the UK will no longer be part...

Is the Korean Air-Asiana Merger Enough To Ease Asia’s Airline Glut?

November 16, 2020

Are there too many fish in the Asian airline sea? That's the question this week's Airline Weekly Feature Story asked. And the answer came today with news that there may soon be one fewer fish, now that Korean Air seems...

Latin American Countries Urged to Coordinate Reopenings by Global Airlines Group

November 13, 2020

Latin America's patchwork quilt of travel restrictions is hobbling the airline industry — and connectivity — as the region enters its peak summer season. The International Air Transport Association (IATA) is calling for an end to quarantines and travel restrictions in...

Norwegian Air’s Future on Thin Ice as Government Declines More Aid

November 11, 2020

Norwegian's future became even more tenuous when Norway's government signaled it would not provide more state aid to the troubled airline. In addition, a second wave of coronavirus infections in Europe is prompting the government to make travel restrictions stricter,...

Bad News for Boeing as European Union Places Tariffs on U.S. Aircraft

November 10, 2020

In the latest chapter in the 16-year European Union-U.S. trade row over subsidies for airframers, the EU said starting November 10, it will levy a 15% tariff on large civilian aircraft built in the U.S. That essentially means a tariff...

Korean Air Does It Again and Reports Profit

November 6, 2020

Korean Air achieved a vanishingly rare distinction this week when it reported a quarterly profit. Granted, that profit was tiny — about $5 million — and its operating margin was 0.5%, but it was a profit nonetheless. While carriers like...

Resurgent Virus Dims Airlines’ Earlier Hopes From This Summer

November 4, 2020

The peak summer season in the Northern Hemisphere wrapped up with some hard truths for airlines: There will be no miraculous recovery in demand. September's numbers from the International Air Transport Association (IATA) show only modest improvements with dark clouds...

What Airlines Are Looking for on Election Day

November 3, 2020

Airline CEOs, not surprisingly, have been mum about whom they're endorsing in today's U.S. presidential election, but eyes are on Capitol Hill and what might happen in the lame-duck period between tomorrow and when the next is seated in early...