AW Daily

Korean Air Does It Again and Reports Profit

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...

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Resurgent Virus Dims Airlines’ Earlier Hopes From This Summer

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...

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What Airlines Are Looking for on Election Day

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...

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Mexican Low-Cost Carrier Interjet Can’t Pay for Fuel, Cancels Flights

Beleaguered Mexican low-cost carrier Interjet abruptly canceled flights over the weekend through Tuesday, reportedly because it lacked cash to pay its fuel bills. Cash flow has been disrupted by the pandemic, Interjet admitted on its website to explain the cancellations....

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How Delta Managed to Avoid Pilot Furloughs

Delta Air Lines and the leadership of its pilots union reached a tentative deal that would prevent furloughs until Jan. 1, 2022. The carrier previously had said as many as 1,900 pilots could lose their jobs on Nov. 1. The...

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Boeing to Slash 7,000 Jobs in Another Round of Reductions, Pegging Airline Recovery at 3 Years

Boeing, after grappling with the grounding of its best-selling aircraft, now faces a commercial aviation market that won't recover for at least three years, CEO David Calhoun said Wednesday on the company's third-quarter earnings call. This is slightly more optimistic...

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U.S. Tentatively Approves Delta-WestJet Joint Venture

The U.S. Transportation Department (DOT) has tentatively approved a proposed transborder joint venture between Delta Air Lines and Canada's WestJet, but is requiring the two airlines to divest coveted takeoff and landing slots at New York LaGuardia Airport. The DOT's...

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Alaska Eyeing Replacements for Legacy Virgin America Fleet

Alaska Airlines said it is shopping around to replace the Airbus A320-family jets it inherited from Virgin America. The historically all-Boeing carrier said it is in talks with both airframers for a possible replacement. Alaska assumed the mainly leased Virgin...

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Why the Recovery Will Take Longer for Middle East Airlines

In a word, quarantines. International travel, after a brief period of optimism over the summer, appears to be shutting down again as countries around the world restrict travel to contain second- and third-wave outbreaks of the Covid-19 pandemic. This is...

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U.S. Airport Screenings Top 1 Million: Hiccup or Signs of a Recovery?

The Transportation Security Administration (TSA) reported a milestone on October 18: It screened more than 1 million people at the nation's airports, the first time the number of screenings topped that number since March. But is this a sign that...

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Boeing’s Third-Quarter Deliveries Fall as Airlines Trim Fleets

What a difference a year makes. Boeing's third-quarter commercial aircraft deliveries plummeted by more than half and by two-thirds for the year to date, as airlines defer aircraft and rework their order books to reflect a collapse in air travel...

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Delta to Avoid Most Furloughs Even as It Reports Staggering $2.6 Billion Quarterly Loss

Delta Air Lines expects to be a much smaller carrier, at least for the next couple of years when it expects demand to start to return to pre-pandemic levels. The airline has avoided the furloughs that its competitors have endured...

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