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FOR all the optimism about travel restarting as vaccines are rolled out, airline stocks still have a way to go to make up the ground they lost in the pandemic. It may take signs of a recovery in long-haul flights for the sector to make further gains.
SEOUL: South Korea’s budget airline industry is poised for a seismic change this year, with two new players ready to enter the competition amid a pandemic-induced market consolidation.
Will low-cost, long-haul airline AirAsia X be able to rise from the depths of its debt despair, or will the pandemic kick the last nail in?
SYDNEY/CHICAGO: The fallout from the coronavirus spread across the Pacific on Friday, with Australian travel firms issuing profit warnings and Japanese carriers cutting capacity while U.S. airlines rushed to cut flights to Europe in the wake of new travel restrictions.
LONDON/SINGAPORE: The coronavirus epidemic could cost passenger airlines up to $113 billion in lost revenue this year, an industry body warned on Thursday, more than three times a projection it made just two weeks ago as the virus continues to spread around the world.
LONDON: Growing fear over coronavirus is battering commercial airline stocks, but private jet operators are seeing a spike in demand as well-heeled travelers look to minimize their public exposure and find alternatives to suspended flights.
PARIS: Air France-KLM said China’s coronavirus outbreak will wipe as much as €200mil (US$216mil) from earnings, hammering home the financial impact of the crisis even thousands of miles from its epicentre.
Will Khazanah be given a free hand to decide on what’s best for the national carrier?
SYDNEY: Qantas Airways Ltd is targeting annual spending of about A$2 billion ($1.36 billion) and expects capacity growth to be little changed in the second half of fiscal 2020, the airline said in a presentation on Tuesday.