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Posts tagged with "airlines"

Asian airlines carry 20% less cargo amid weak exports, supply chain woes—AAPA

Asian airlines carry 20% less cargo amid weak exports, supply chain woes—AAPA

Jul. 29 | Cargo demand remained weak while air travel was almost non-existent for Asia-Pacific airlines in the second quarter of 2020, traffic figures released by the Association of Asia Pacific Airlines (AAPA) showed. In June alone, air cargo demand, in freight...

Air cargo down but revenue spikes in 1H 2020

Air cargo down but revenue spikes in 1H 2020

Jul. 18 | Worldwide air cargo volume contracted by more than 18% in the first half of 2020 year-on-year, but airlines’ revenue was up almost 21% in the same period, according to the latest figures from WorldACD. The double-digit growth in revenue was the result...

Cathay Pacific sees $1.3B loss in H1 over unprecedented traffic drop

Cathay Pacific sees $1.3B loss in H1 over unprecedented traffic drop

Jul. 17 | Hong Kong flag carrier Cathay Pacific has issued a profit warning of a substantial loss in the first half of 2020 compared to a net profit in the same period last year, as it released dismal traffic figures for June. In a written statement on July 17,...

No passenger fuel surcharge from July to Aug, orders CAB

No passenger fuel surcharge from July to Aug, orders CAB

Jun. 20 | Image by Stela Di from Pixabay Domestic and international flights from the Philippines will not levy a passenger fuel surcharge from July to August 2020 with the continuous slide in jet fuel prices. In an advisory dated June 15, Civil Aeronautics Board...

Aircraft groundhandler letting go of 1,000 employees in July

Aircraft groundhandler letting go of 1,000 employees in July

Jun. 19 | The coronavirus disease (COVID-19) pandemic is wreaking more havoc on the aviation industry, this time causing the retrenchment of more than 1,000 employees of 1Aviation Groundhandling Services Corp in July. “This unprecedented and uncertain situation...

2020 worst year for aviation with airline loses of $84.3B

2020 worst year for aviation with airline loses of $84.3B

Jun. 11 | Image by Ich bin dann mal raus hier. from Pixabay The year 2020 is seen as the worst financial year in history for aviation as airlines are expected to lose $84.3 billion for a net profit margin of -20.1%, according to the latest financial outlook by...

GCQ to GCQ flights need LGU approval

GCQ to GCQ flights need LGU approval

Jun. 3 | Domestic flights are allowed in areas under general community quarantine (GCQ) but require approval from the local government, according to Transportation Secretary Arthur Tugade. In a press briefing on June 2, Tugade said Inter-agency Task Force for...

Limited Cebu Pacific domestic flights start on June 2

Limited Cebu Pacific domestic flights start on June 2

May. 30 | Cebu Pacific and Cebgo will resume a limited number of domestic passenger flights starting June 2. All international flights remain suspended from June 1 to 30, 2020, however. The airline in a May 30 advisory said leisure travel remains banned per government...

PAL to resume limited international, domestic flights from June

PAL to resume limited international, domestic flights from June

May. 30 | Philippine Airlines (PAL) will operate scheduled flights on selected international and domestic routes starting June 1 following the easing of community quarantines nationwide. Limited international services that will restart operations on June 1 to 30...

PH airlines extend flight cancellations to May 31

PH airlines extend flight cancellations to May 31

May. 13 | AirAsia Philippines, Cebu Pacific, Cebgo and Philippine Airlines have cancelled all domestic and international flights from May 16 to 31, 2020 following the government’s announcement that Metro Manila, Cebu City and Laguna will be placed under modified...