Home » Posts tagged with "aviation"

Posts tagged with "aviation"

PAL posts P29B loss in first 9 months

PAL posts P29B loss in first 9 months

Nov. 16 | Philippine Airlines (PAL) reported a loss of P29.03 billion in the first nine months of 2020, higher by 269% from its loss in the same period last year January-September revenues amounted to P45.29 billion, 61.6% lower than in 2019 Operating expenses...

Cebu Pacific’s Jan-Sept revenue dives 69% due to COVID

Cebu Pacific’s Jan-Sept revenue dives 69% due to COVID

Nov. 13 | Cebu Pacific group incurred a net loss of P14.69 billion for the first nine months of 2020, reversing its P6.77 billion net income in the same period last year Revenues declined 69.6% for the same period due to the impact of COVID-19 Low-cost carrier...

Air freight volume down 17% in Aug, 22% since March

Air freight volume down 17% in Aug, 22% since March

Sep. 24 | Worldwide air cargo volume carried by airlines dropped 17.2% and the number of shipments fell 29% in August year-over-year, according to the latest WorldACD market data. From March 2020 up to August, volume declined by 22% and the number of shipments...

Cathay Pacific fights for survival, parks 40% of fleet

Cathay Pacific fights for survival, parks 40% of fleet

Sep. 16 | Hong Kong flag carrier Cathay Pacific is grounding 40% of its passenger fleet and moving it out of Hong Kong as the flag carrier fights for survival amid dwindling passenger numbers and unremitting cash burn. The airline group in a statement said it is...

AAPA: review ‘crippling’ border restrictions to allow safe air travel

AAPA: review ‘crippling’ border restrictions to allow safe air travel

Aug. 31 | The Association of Asia Pacific Airlines (AAPA) has called on governments to reexamine existing border closures and restrictions, saying these measures have “completely suppressed” international travel demand since April 2020 to the detriment of the...

ACI: effective testing program better than blanket quarantine

ACI: effective testing program better than blanket quarantine

Aug. 15 | Airports Council International (ACI) is asking governments to implement testing programs rather than blanket quarantine measures as a more effective way to mitigate COVID-19 risk in traveling. Noting the devastating impact of the pandemic on the aviation...

Global air freight improves slightly in May vs April—ACI

Global air freight improves slightly in May vs April—ACI

Aug. 3 | Airports worldwide reported a slight improvement in freight traffic in May compared to April even as the COVID-19 pandemic continued to batter the sector, though less severely than it is doing to the devastated passenger industry, latest data from the...

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,...

More PH airports allowed to accept commercial flights as of June 21

More PH airports allowed to accept commercial flights as of June 21

Jun. 22 | A total of 27 airports in the country have been allowed by their local governments to handle commercial flights as of June 21, according to the Civil Aviation Authority of the Philippines (CAAP). CAAP noted, however, that while some airports are allowed...