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Thai AirAsia posts Q1 net loss as COVID-19 pandemic continues to depress tourism
Asia Aviation (AAV), the major shareholder of Thai AirAsia (TAA), said it posted a net loss in the first quarter of 2021 of 1.86...
Korean Air net loss narrows in Q1 thanks to cargo sales; COVID-19 keeps pax...
Flag carrier Korean Air announced last week it had narrowed its 2021 first-quarter loss to US$25 million from US$610 million for the same period...
Singapore-Hong Kong travel bubble likely to be delayed after spike in COVID-19 infections
There is a “high chance” the long-awaited air travel bubble between Singapore and Hong Kong will be delayed further from 26 May due to...
COVID-19 outbreak closes Changi Airport to public
Changi Airport in Singapore will cut public access to all its terminals and the Jewel shopping centre following an outbreak of COVID-19 cases there....
AAPA: Pax demand remains weak due to COVID-19 border restrictions and uneven vaccine rollouts
Preliminary traffic figures released by the Association of Asia-Pacific Airlines (AAPA) showed that international passenger markets remained weak with unabating border restrictions particularly in...
IATA forecasts 2021 airline industry losses of US$47.7 billion as COVID-19 pain continues
The International Air Transport Association (IATA) expects net airline industry losses of US$47.7 billion in 2021 (net profit margin of -10.4 percent) as the...
Cathay traffic still ‘significantly reduced’ due to COVID-19
Cathay Pacific released its traffic figures for March 2021 that continued to reflect the airline’s substantial capacity reductions in response to significantly reduced demand...
AirAsia posts huge net loss as COVID-19 wreaks havoc on earnings
Low-cost carrier AirAsia Group said Monday (29 March) that it posted its worst-ever loss in 2020 as border restrictions and quarantines kept international flying...
AAPA: International traffic in Asia-Pacific still depressed by COVID-19 border restrictions
Preliminary traffic figures released Monday (29 March) by the Association of Asia-Pacific Airlines (AAPA) showed international air traffic demand remaining at depressed levels as...
Cathay Pacific posts record loss of US$2.79 billion as COVID-19 continues to hammer aviation
Hong Kong flag carrier Cathay Pacific Airways said on Wednesday (10 March) that it posted a record annual loss of HK$21.65 billion (US$2.79 billion),...