IATA: Industry Losses to Top $84 Billion in 2020
Geneva – The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to … Continue reading IATA: Industry Losses to Top $84 Billion in 2020
Implementation of ICAO COVID-19 Guidelines Needed
Geneva – The International Air Transport Association (IATA) urged governments to quickly implement the International Civil Aviation Organization’s (ICAO’s) global guidelines for restoring air connectivity. Today, the ICAO Council approved Takeoff: Guidance for Air Travel through the COVID-19 Public Health Crisis (Takeoff). This … Continue reading Implementation of ICAO COVID-19 Guidelines Needed
THAI Air Flight suspension until End of June
Bangkok – Following the Civil Aviation Authority of Thailand (CAAT) announcement prohibiting international flights into Thailand until 30 June 2020, Thai Airways International Public Company Limited (THAI) has to suspend operations for one more month in June 2020. However, the … Continue reading THAI Air Flight suspension until End of June
German government agrees to Lufthansa rescue offer
Berlin – German ministers on Wednesday agreed final details of a rescue deal they will offer coronavirus-stricken airline giant Lufthansa, business daily Handelsblatt reported. Berlin will take a 20-percent stake in the group, topping it up with a convertible bond … Continue reading German government agrees to Lufthansa rescue offer
Travel Update for ASEAN, China, Hong Kong and Japan
Hanoi – Southeast Asia has fared better than most other parts of the world in reducing the spread of COVID-19. While international borders remain mostly closed in Southeast Asia, there are some promising signs that life is slowly returning to … Continue reading Travel Update for ASEAN, China, Hong Kong and Japan