Yet again, Delta Air Lines posted massive quarterly losses — and the company is warning investors “it may be two years or more” for air travel demand to return to normal.
© Christian Petersen/Getty Images
MARANA, ARIZONA – MAY 16: Decommissioned and suspended Delta and jetBlue commercial aircrafts are seen stored in Pinal Airpark on May 16, 2020 in Marana, Arizona. Pinal Airpark is the largest commercial aircraft storage facility
LONDON–(BUSINESS WIRE)–Oct 12, 2020–
The global commercial aircrafts seating market size is poised to grow by USD 4.67 billion during 2020-2024, progressing at a CAGR of almost 9% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created
Mike Blake/Reuters
(MENAFN – GetNews)
The coronavirus pandemic had a definite impact on nearly all businesses around the globe. Some have been hit harder to the point of bankruptcy, while others, like companies specializing in online technologies, have gone through a period of immense increase in growth. The aviation market, unfortunately, has been hit hard.
Because of travel bans and the stop of tourism, the industry has grounded to a halt and
These two-way travel bubbles are different from reciprocal green lane arrangements meant for business and official travellers. ST PHOTO: GIN TAY
SINGAPORE – Singapore will negotiate Air Travel Bubbles with safe countries or regions – an arrangement meant for general travellers that does not require a controlled itinerary, said Transport Minister Ong Ye Kung.
LONDON, Oct. 6, 2020 /CNW/ – On-demand, private aircraft charter service Eclipse Air Charter (Eclipse) is opening a new international headquarters in Mayfair, London this fall, having successfully navigated the complex COVID-19 business landscape.
By leveraging a network of aircraft worldwide, Eclipse offers access to a wide range of private jet charter options, backed by simple pay-as-you-go service with no long-term commitment, initial outlay, membership fee or management
Flying on Air Force One was risky from a health perspective last week. President Donald Trump may have been contagious with Covid-19. And at least one aide, Hope Hicks, who traveled with the president to Minnesota for a rally, has tested positive. She had mild symptoms and quarantined on the flight back to Washington, according to news reports.
The incident raises questions about how safe it is to fly, and … Read More
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Airlines and even certain destinations are continuing to roll out COVID-19 insurance packages.
Air Canada is the latest in a series of international airlines that are offering complimentary coverage for coronavirus.
In August, Virgin Atlantic introduced what it
As it is, things were not going well for Air Canada (TSX:AC) that the Canadian government gave another bad news. What the airline feared the most materialized. The Justin Trudeau government has extended the international travel restrictions yet again till Halloween (October 31). I won’t be surprised if these restrictions are extended to Christmas. At this rate, AC could lose its holiday season recovery.
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Despite gaining the opportunity to expand in its domestic market, we believe that the opportunity cost of acquiring Qantas (OTCPK:QUBSF) shares is too high right now. While the bankruptcy of Virgin Australia, which controlled 31% of the Australian domestic market, will certainly help Qantas to establish a stronger foothold in its home turf, the recovery of air travel to its pre-COVID-19 levels will take years. To this day, the Australian
Business travelers like this woman, are traveling again, but in smaller numbers than previously … [+]
The global decline in air travel will be worse than previously forecast and a new report on corporations’ plans for travel through 2021 shows that the recovery
A steep decline in air travel due to the COVID-19 outbreak presented the Minneapolis-St. Paul International Airport with an unusual opportunity.
Glumack Drive, the inbound, quarter-mile roadway guiding motorists to the airport’s arrival and departure entrances at Terminal 1, as well as parking and the InterContinental Hotel, is getting a badly needed overhaul.
Last year, some 120 million motorists traveled along the thoroughfare to the airport.
With fewer travelers flying
For the state’s hospitality industry, the current pandemic induced recession is the biggest hurdle it has faced since Sept. 11, 2001. With nearly 100 times more Americans killed from COVID-19, the lasting effects of the pandemic are far from over, no matter
DENVER–(BUSINESS WIRE)–Jeff Potter, former CEO of Frontier Airlines and Exclusive Resorts, as well as Los Angeles-based Surf Air, is putting on his entrepreneur hat and launching a new travel company – Manifest, an exclusive, chapter-based lifestyle and travel club that provides custom-crafted getaways to unique destinations within the U.S., paired with private plane service.
“I’ve been fortunate in my aviation, hospitality and travel career in that each
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The world’s first hydrogen-electric passenger flight was successfully completed on 24 September, potentially bringing the aviation industry a step closer to zero-emissions air travel.
The six-seater aircraft did a taxi, takeoff, full pattern circuit and landing at an airfield in Cranfield, England.
ZeroAvia, the company behind the plane, said it was the first ever hydrogen fuel cell-powered flight using a commercial-grade aircraft.
The brand’s retrofitted
![American Airlines plane on ramp in Chicago Airport.](https://www.msn.com/{"default":{"load":"default","w":"27","h":"27","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB11NZcY.img?h=270&w=270&m=6&q=60&o=f&l=f"}})
The U.S. Global Jets ETF (NYSEARCA:JETS) – whose top holdings include Delta (NYSE:DAL), Southwest (NYSE:LUV), American Airlines (NYSE:AAL) and United Airlines (NYSE:UAL) – has tumbled in 2020 as the novel coronavirus pandemic has left airports globally looking like ghost towns.
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American Airlines plane
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