Tags: COVID-19

Ryanair sees record losses in wake of Covid-19

Ryanair has reported a full-year loss of €815 million for financial 2020 as the Covid-19 pandemic took a huge toll on the airline industry. The figure compares to a profit of €1 billion in the previous year, and is the largest annual loss ever reported by the low-cost carrier. The Irish airline carried just 27.5 […]

IAG to offer €800m in new bonds as travel shutdown continues

International Airlines Group (IAG) is launching an €800 million bond issue as the shutdown of international travel in response to Covid-19 continues. The group, which owns British Airways, Iberia and Aer Lingus, will offer the bonds on May 18th, with repayment due in 2028. The offering is being issued by IAG under the powers delegated […]

Boeing Launches $10 Million Emergency Assistance Package to Support India’s COVID-19 Response

Boeing has announced a $10 million emergency assistance package for India to support the country’s response to the current surge in COVID-19 cases. The assistance from Boeing will be directed to organizations providing relief, including medical supplies and emergency healthcare for communities and families battling COVID-19. The Boeing team in India totals 3,000 employees, in […]

Emirates introduces digital health verification for UAE passengers

Emirates and the Dubai Health Authority (DHA) have begun to implement full digital verification of Covid-19 medical records connected to testing and vaccination for travellers based in the UAE. Customers who have undertaken a PCR test in Dubai can choose to check-in without presenting their physical Covid-19 PCR test report. Moreover, customers who have received […]

Gebrüder Weiss supplies COVID-19 antigen tests to Austria

14 million test kits flown to Linz from Shanghai / Converted Airbus A330 in action four times In recent weeks, Gebrüder Weiss has made a significant contribution to the fight against the COVID-19 pandemic. Using a chartered Airbus A330 specially converted for transport, the logistics company has been handling shipments of two to three million […]

Frankfurt Cargo Services handles first Covid vaccine shipments in support of WFS’ ‘Project Coldstream’

Frankfurt Cargo Services (FCS), a subsidiary of Worldwide Flight Services (WFS) has handled its first shipments of Covid-19 vaccines from German biotechnology company BioNTech as the airport gears up to play a prominent role in the global recovery from the coronavirus. Doses of the vaccine were handled at FCS’ facility at Frankfurt’s CargoCity Süd before […]

Boeing predicts long-term resilience in commercial aviation market

Boeing has released its annual forecast for the commercial and defence aerospace market, reflecting the impact of the Covid-19 pandemic. The Boeing Market Outlook projects that the commercial aviation and services markets will continue to face significant challenges due to the pandemic, while global defence and government services markets remain more stable. “While this year […]

Aegean losses reveal impact of Covid-19 on aviation sector

Aegean has seen revenue slump 88 per cent in the second quarter, highlighting the stark impact of the coronavirus pandemic on the aviation sector. Consolidated revenue for the second quarter stood at just €40 million, down €307 million from the same period last year. Pre-tax losses (excluding extraordinary losses) stood at €59 million, against a […]

Qatar Airways receives US$2bn bailout following Covid-19 losses

Qatar Airways has received around US$2 billion in state aid as the flag-carrier battles the fallout from the Covid-19 pandemic. Branding 2019/20 one of its “most difficult years,” the Middle Eastern airline noted it had also been hit by the ongoing blockade of Qatari airspace and the collapse of Air Italy in recent months. Changes […]