Iceland Air Group finalizes USD 120 million state-backed loan guarantee
Iceland Air Group today disclosed that they have received approval by the Icelandic Parliament with regards to a credit facility that would be backed by the government for up to
LATAM Airlines transports 805,000 passengers in August a fall by 87.4% YoY
South American carrier, LATAM Airlines today released their preliminary monthly statistics for August 2020 where they operated 13.9% of its capacity in August when compared to 2019 levels which is
Cathay Pacific Group to store 40% of its fleet outside Hong Kong with daily cash burn around HK$58 million a day
Hong Kong based Cathay Pacific Group today released their traffic figures for August 2020 where group carriers Cathay Pacific and Cathay Dragon only transported 35,773 passengers for the month, which
Lufthansa Group reimburses €2.7 billion to 6.3 million customers so far in 2020
Lufthansa Group recently disclosed in a press release that they have reimbursed approximately €2.7 billion to a total of 6.3 million customers so far in 2020 as of 9 September
GOL Airline’s daily net cash burn at R$ 6 million and expects to finish 2020 at 80% of its 2019 year-end capacity
Brazil’s largest domestic carrier, GOL Airlines in their recent monthly investor update for August 2020 released key data for their operations in the month. The airline in line with the
Allegiant made $2 million daily bookings in August and expects daily cash burn to be over $1 million in Q3
Las Vegas based Allegiant Travel Company recently disclosed their August 2020 Traffic Reports. They’ve stated that they’ve seen daily bookings amounting to approximately $2 million in August while they anticipate
Singapore Airlines Group to eliminate 4,300 positions
Singapore Airlines Group yesterday stated that they’ll be cutting around 4,300 positions across the group’s airlines which include Singapore Airlines, SilkAir and Scoot. The airline cites the latest job cuts
Alaska Airlines to burn on average $5 million per day in September while average daily cash burn in August was $2.58 million
Alaska Airlines Group in an 8 September 2020 filing to the Securities and Exchange Commission disclosed that their cash burn in August to be around $80 million or on average
IAG to raise €2.7 billion through the issuance of new shares
British Airways Parent Company, International Consolidated Airlines Group (IAG) announced today their fully underwritten capital increase with pre-emptive subscription rights to raise €2.7 billion through the issuance of 2,979,443,376 new
Finnair reduces its flying programme to 70-80 daily flights instead of previously planned 200 daily flights for October 2020
Finnish flag carrier, Finnair released a statement today regarding its flying programme for October 2020. They’ve announced that a slow recovery in demand for air travel due to the COVID-19
