Aviation FeaturedGlobal air passenger traffic dropped by 72.8% in September: IATAInternational Finance Business DeskNovember 5, 2020 by International Finance Business DeskNovember 5, 2020 Capacity was down by 63 percent compared to the previous year, and load factor dropped... Read more
Aviation FeaturedAirlines will need to cut more jobs, IATA saysPritam BordoloiOctober 29, 2020October 29, 2020 by Pritam BordoloiOctober 29, 2020October 29, 2020 Global airline revenue in 2021 will be down 46% compared to the 2019 figure of $838 bn... Read more
AviationEmirates, Etihad ask crew to take voluntary unpaid leavePritam BordoloiAugust 27, 2020 by Pritam BordoloiAugust 27, 2020 The decision is part of the carrier’s plan to weather the Covid-19 crisis... Read more
Aviation FeaturedAir Traffic will not return to pre-Covid-19 level before 2024: IATAPritam BordoloiJuly 30, 2020 by Pritam BordoloiJuly 30, 2020 Recovery in short-haul travel is still expected to happen faster than for long-haul travel... Read more
Aviation FeaturedSingapore Airlines raises $542 mn by securing its aircraftPritam BordoloiJuly 28, 2020July 28, 2020 by Pritam BordoloiJuly 28, 2020July 28, 2020 The carrier has raised long-term loans by securing some Airbus A350-900s and Boeing 787-10s... Read more
Aviation FeaturedEgypt set to resume regular commercial flight operationsInternational Finance Business DeskJune 15, 2020 by International Finance Business DeskJune 15, 2020 IATA estimates global airlines to lose $84.3 billion in 2020 and has projected a positive outlook for the industry in 2021... Read more
Aviation FeaturedSingapore Airlines secures additional $1 bn in credit facilitiesPritam BordoloiJune 8, 2020 by Pritam BordoloiJune 8, 2020 This is in addition to the $6.32 bn it raised from a rights issue, to deal with the COVID-19 crisis... Read more
Aviation FeaturedGlobal air passenger traffic drops by 94.3% in April: IATAPritam BordoloiJune 4, 2020 by Pritam BordoloiJune 4, 2020 According to IATA, it has not witnessed such decline in the history of IATA’s traffic series... Read more
Aviation FeaturedAirline debt to increase by 28% this year to $550 bn: IATAPritam BordoloiMay 27, 2020 by Pritam BordoloiMay 27, 2020 The figure represents an increase of $120 bn in total debt, of which $67 bn comes from government loans... Read more
Economy FeaturedHong Kong’s unemployment rate highest in over a decade at 5.2%Pritam BordoloiMay 20, 2020 by Pritam BordoloiMay 20, 2020 The underemployment rate hit 3.1%, the highest in more than 15 years... Read more