Thailand’s Nok Air has reported a 3.75 billion baht (US$121 million) net loss for the six months to June 30, 2020, compared with a net loss of 1.19 billion baht 12 months ago. Revenue fell 48% to 3.37 billion baht, Nok Air said in a regulatory filing to the Stock Exchange of Thailand today. COVID-19 had resulted in a reduction in air transport demand in both domestic and international markets the regional LCC said. Read More »
Japan Airlines (JAL) said yesterday it carried 1.14 million passengers on its domestic network in July, almost double the 642,598 domestic travellers in June. Capacity, or available seat kilometres (ASK), rose 66% month-on-month in July and demand, measured by revenue passenger kilometres (RPK), was up 86%. Load factor rose five percentage points to 46.6% in July, from 41.6% in June.
JAL also flew 21,951 passengers on international flights in July, more than double the 9,541 international passengers it carried in June. But the figure represented only a fraction of the 795,481 passengers the oneworld alliance member flew into and out of Japan in July 2019.
India's Directorate General of Civil Aviation (DGCA) said in a circular yesterday its restriction on scheduled international flights into and out of the country would be extended until September 30. The restriction did not apply to all-cargo operations and flights specifically approved by the DGCA. It added some international flights would be allowed on "selected routes by the competent authority on a case to case basis". Separately, on the airport front, industrial conglomerate, Adani Group, has bought 74% of Mumbai International Airport Ltd.
Asia-Pacific carriers posted a 17.7% drop in cargo demand, measured by cargo tonne kilometres (CTK) in July, figures from the International Air Transport Association (IATA) show. Globally, CTKs fell 13.5% in July compared with a year ago. The monthly report from the airline lobby group, published overnight, said after a robust initial recovery in Asia- Pacific cargo markets in May, when seasonally adjusted volumes in the region rose 10.3% month-on-month, they were "now on a softer slope", having risen by a more moderate 1.2% month-on-month in July.
Garuda Indonesia said in its monthly traffic report the airline carried 124,676 passengers in July, a 55% improvement from 80,447 passengers in June. Capacity, or ASKs, grew 31.2% month-on-month in July, while demand, or RPKs, was up 51.8%. Load factor rose 3.8 percentage points to 27.7%, from 23.9% in June.
Garuda’s Citilink affiliate posted a 77.5% increase in passenger numbers to 243,491 in July, from 137,191 in June. Capacity was up 41.9% month-on-month, while demand grew 69%. Load factors rose 5.2 percentage points to 32.6% in July, from 27.4% in June.
Qantas said today it had issued A$500 million (US$370 million) in unsecured bonds with a coupon rate of 5.25%. The company informed the Australian Securities Exchange (ASX) that the proceeds of the bond issuance would "strengthen short-term liquidity" and be used to pay A$400 million in bonds due to expire in June 2021.
Australian airline group Regional Express (Rex) yesterday reported a net loss of A$19.4 million (US$14.4 million) for the 12 months to June 30, this year, slumping into the red from a net profit of A$17.5 million in the prior corresponding period as the impact of the coronavirus pandemic hit hard. Revenue rose 1% to A$322 million, Rex said in a regulatory filing to the Australian Securities Exchange. Rex executive chairman, Lim Kim Hai, said the results included an A$62 million impairment charge "in anticipation of difficult trading conditions in the next two years".
