• AirAsia Group has sought to calm investor jitters that stemmed from its auditors, Ernst & Young, stating in the low-cost carrier (LCC) group's recently published audited financial statements for the calendar 2019 financial year that there were "material uncertainties that may cast significant doubt on the group's and the company's ability to continue as a going concern” as a result of the unprecedented COVID-19 pandemic. Read More »

• Korean Air (KAL ) said yesterday it had signed a Memorandum of Understanding with private equity fund, Hahn & Company, for the sale of its inflight catering and duty-free businesses. KAL said the decision to offload the two subsidiaries was made at a board meeting yesterday. It is part of efforts to overcome the impact of the coronavirus pandemic, it said. Read More »

• AirAsia Group has reported a net loss of 953 million ringgit (US$223 million) for the three months to March 31, 2020, slumping into the red from a net profit of 102 million ringgit a year earlier. The company said the result was due to a 15% decline in revenue from COVID-19 that smashed travel demand, higher maintenance costs, fuel hedging losses and fair value losses from derivatives. Read More »

• The number of international arrivals at Sydney Airport has been capped at 450 per day to ensure quarantine facilities in the city are not overwhelmed, it was announced on the weekend. Each incoming flight would be permitted to carry a maximum of 50 people, the health minister in the state of New South Wales, Brad Hazzard, said in a statement. Read More »

Garuda Indonesia said this week the coronavirus pandemic was having a "profound impact" on its operations and financial health after it slumped into the red in the first quarter of calendar 2020. Read More »

Singapore Airlines (SIA) chairman, Peter Seah, said this week a recent capital raising had provided the company with the breathing space to weather the coronavirus pandemic and emerge stronger in its aftermath. Read More »

Airlines in the Asia-Pacific have posted the "least worst outcome" in terms of passenger demand during May, with the hope of better to come in the period ahead, figures from International Air Transport Association (IATA) showed. Read More »

Administrators for Virgin Australia (VA) have told creditors they should not expect to be repaid all they are owed by the airline group following the sale of the carrier to Bain Capital last week. Read More »

Thai Airways International (THAI) this week named board member, Chansin Treenuchagron, as acting president. Read More »

This week marked 20 years since Indonesian low-cost carrier group, Lion Air, operated its first flight - on June 30, 2000. Since then, the privately held company has grown from a single LCC to an airline group with affiliates in Indonesia, Malaysia and Thailand. Read More »