AW Daily

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...

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

November 2, 2020

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....

How Delta Managed to Avoid Pilot Furloughs

October 30, 2020

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...

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

October 28, 2020

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...

U.S. Tentatively Approves Delta-WestJet Joint Venture

October 26, 2020

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...

Alaska Eyeing Replacements for Legacy Virgin America Fleet

October 23, 2020

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...

Why the Recovery Will Take Longer for Middle East Airlines

October 21, 2020

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...