The carrier United Airlines announced a mounting pandemic driven loss for the last quarter of 2020, AP reported. The loss peaked at $1.9 billion and paves for similar financial results in the first three months of 2021. Experts had expected a much smaller by volume loss.
American air transport companies have confirmed they went back to hiring back pilots as vaccination rollout is seen easing Covid-19 pandemic, Reuters reported. American Airlines’ wholly owned regional subsidiary PSA Airlines and budget carrier Frontier Airlines both revealed plans to resume pilot hiring. This is seen as a positive sign for the whole industry.
The 737 Max model aircrafts made by Boeing may resume flights in Canada as the country waived a two year ban effective 20 Jan., following two crashes that lead to hundreds of fatalities, Reuters said. The Boeing 737 Max fleet has been grounded worldwide for the past two years.
US carrier Delta Airlines has posted devastating results for the pandemic ridden 2020, AP reported. However, losses were not as bad as expected and even experts saw prospects for returning to growth as vaccination process gains speed.
US airplane producer Boeing enjoyed a rise in sentiment in December but the optimism was not strong enough to make up for entire poor 2020, AP reported. Boeing said it still receives more cancellations than new orders for its 737 Max jet, which was grounded for nearly two years following after crashes in Indonesia and Ethiopia that ended with 346 fatalities.
The co-owner of London’s Gatwick Airport, Global Infrastructure Partners scored a last minute $4,63 billion deal to secure control over British private jet servicing company Signature Aviation, Reuters reported.
The airplane maker Boeing said it would pay a sum topping $2,5 billion in a settlement deal with the US Justice department related to two crashes that lead to 346 fatalities and temporary grounded the 737 MAX fleet, Reuters reported.
Budget carrier Ryanair is announced major cuts to its flight schedule due to latest surge of Covid-19 cases that lead to new lockdowns. The changes will come in effect from 21 January, BBC reported. All customes affected by the cancellations should receive special emails advising them on free moves or refunds.
The US carriers are suffering severe losses topping $180 million per day amid dramatic slump of passenger flow. The sector is desperate to receive a four-month extension to the government package and another $17bn in order to survive, Reuters said.