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Cathay Pacific passenger demand sinks 90%, cargo down 35.6% in March

Cathay Pacific passenger demand sinks 90%, cargo down 35.6% in March

Apr. 17 | The Cathay Pacific group carried 90% fewer passengers in March and 52% fewer passengers in the first quarter of the year than it did in the same periods last year and expects no improvement in its performance for April. Cathay Pacific and Cathay Dragon...

Roller coaster ride for airlines in March beyond compare—WorldACD

Roller coaster ride for airlines in March beyond compare—WorldACD

Apr. 16 | March is “a month like no other in aviation history” as the COVID-19 pandemic upends the sector in a way never seen before, according to a new analysis from WorldACD. Analyzing March data received for over 1,500 individual markets, WorldACD said the...

Asian airlines increase cargo services as demand holds up despite COVID-19

Asian airlines increase cargo services as demand holds up despite COVID-19

Apr. 15 | Asian airlines increase cargo services as demand holds up despite COVID-19 While worldwide demand for air travel has spectacularly fallen, demand for air cargo is “holding up relatively well” despite the economic havoc sparked by the COVID-19 pandemic,...

Logistics firms reallocate resources as COVID-19 reshapes market—Ti report

Logistics firms reallocate resources as COVID-19 reshapes market—Ti report

Apr. 13 | Logistics firms reallocate resources as COVID-19 reshapes market—Ti report The logistics industry is rebalancing as new demand patterns emerge due to the impact of the coronavirus (COVID-19) pandemic, but firms are facing many challenges as they pursue...

HKIA provides another HK$2B relief package; top execs take pay cut

HKIA provides another HK$2B relief package; top execs take pay cut

Apr. 13 | Airport Authority Hong Kong (AA) will provide a new round of relief package worth up to HKD2 billion (US$58 million) for the aviation industry, while AA’s top officers will take a voluntary pay cut to address the airport operator’s own cash...

25M jobs, nearly half in Asia Pacific, at risk with airline shutdown

25M jobs, nearly half in Asia Pacific, at risk with airline shutdown

Apr. 8 | Some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis, with almost 46% of these in Asia-Pacific, according to new analysis from the International Air Transport Association (IATA). Globally, the...

DPDHL withdraws 2020 earnings guidance due to pandemic-driven uncertainty

DPDHL withdraws 2020 earnings guidance due to pandemic-driven uncertainty

Apr. 8 | Deutsche Post DHL (DPDHL) has announced it is withdrawing its 2020 earnings guidance due to the economic uncertainty generated by the COVID-19 pandemic. The logistics and supply chain giant said its EBIT (group operating profit) guidance for 2020 is being...

Changi Airport to suspend Terminal 2 operations from May

Changi Airport to suspend Terminal 2 operations from May

Apr. 6 | Singapore Changi Airport will be suspending operations at Terminal 2 (T2) for one and a half years starting May 2020 because of the steep decline in passenger traffic and “the likelihood that air travel demand will not return to pre-Covid-19 levels...

ICAO to gov’ts: be flexible with validity of aviation certifications to ensure safe operations

ICAO to gov’ts: be flexible with validity of aviation certifications to ensure safe operations

Apr. 6 | The International Civil Aviation Organization (ICAO) is urging governments to be flexible regarding their approaches to the validity of certifications and licenses of aviation service providers and personnel while also adhering to the Convention on International...

COVID-19 crisis is aviation’s ‘darkest hour’—IATA  

COVID-19 crisis is aviation’s ‘darkest hour’—IATA  

Apr. 6 | Global passenger demand in February 2020 fell 14.1% compared to February 2019, with Asia-Pacific carriers seeing demand plummet 41% as the aviation industry faces its biggest crisis ever, according to traffic data from the International Air Transport...