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Latest Articles in aviation sector

Cathay Forecasts Weak Passenger Demand But Stronger Cargo After Record Loss

Cathay expects passenger capacity to operate at around 8% of normal in August and September, down from an earlier forecast of up to 10% as travel restrictions continue, Chief Executive Augustus Tang said.

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British Airways Makes Progress With Job Cuts

British Airways, which had 42,000 staff at the beginning of the pandemic, has already agreed a jobs deal with pilots union BALPA for a pay cut of about 20% and some compulsory job cuts estimated around 270.

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Lufthansa Plans Compulsory Lay-Offs As Forecasts Travel Slump To 2024

The sharp drop in passenger numbers pushed Lufthansa to a quarterly adjusted operating loss of 1.7 billion euros, the worst performance in its 65-year history.

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Virgin Australia To Slash Workforce, Focus On Short Haul Under Bain

Virgin's board selected Bain as the winning bidder in late June of an auction that followed the airline's entry into voluntary administration in April.

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Ryanair traffic fell 70% to 4.4 million in July

Europe's biggest budget airline returned to a more regular schedule following the COVID-19 lockdown on July 1 when it said it expected to fly more than 4.5 million passengers during the first month back in the sky.

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EasyJet expands schedule on better than expected summer bookings

The airline, which for the three months to the end of June posted a headline loss before tax of 324.5 million pounds ($424 million) as flights were grounded due to the coronavirus pandemi

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LATAM Airlines To Fire 'At Least' 2,700 Workers In Brazil

LATAM Brasil said it opened a voluntary redundancy process on Friday which will run through Aug. 4

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Airbus Trims A350 Output, Quarterly Loss Worse Than Expected

The planemaker also said it hoped to avoid consuming cash in the second half of the year after a second-quarter outflow of 4.4 billion euros as deliveries tumbled because of the collapse in air travel caused by the coronavirus.

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Boeing To Cut 787/777 Production As COVID-19 Hammers Sales

On an adjusted basis, Boeing lost $4.79 per share, bigger than analysts' average estimate of a loss of $2.54, according to IBES data from Refinitiv.

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Spirit Airlines Says 20% To 30% Of Workers At Risk Of Furloughs - CEO's Memo

Spirit Airlines, the 7th largest U.S. carrier as of January, confirmed the memo was sent to employees on Tuesday but said it has no further comment.

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Gulf Firms To Delay Investments Due To Oil, Coronavirus Shocks - S&P

S&P Global Ratings has taken negative rating actions on 16 entities in the six-member Gulf Cooperation Council (GCC) and expects a mid-to-high single-digit economic contraction for most GCC countries this year.

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Global Presence An Advantage As U.S. Companies Brace For Second-Half Slump

Revenue will be down 3.8% in the same period, marking the steepest fall in at least a decade, according to Refinitiv data.

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Southeast Asia Budget Airline Boom Turns Sour For Planemakers, Lessors

Auditors for Malaysia's AirAsia Group Bhd and Vietnam's VietJet Aviation JSC are concerned about cashflows and funding, while Indonesia's Lion Air has put the brakes on a planned flotation.

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British Airways Retires Entire Boeing 747 Fleet Due To Impact Of COVID-19 On Aviation Sector

The airline operated its first 747 London to New York service on April 14, 1971, and in July 1989 the first British Airways 747-400, the aircraft type the airline still flies today, took to the skies.

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British Airways Retires Entire Boeing 747 Fleet Due To Impact Of COVID-19 On Aviation Sector

The airline operated its first 747 London to New York service on April 14, 1971, and in July 1989 the first British Airways 747-400, the aircraft type the airline still flies today, took to the skies.

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