A trusted source of Asia-Pacific commercial aviation news and analysis


Week 44

Orient Aviation Daily Digest October 30, 2020

A look at the week

By Jordan Chong

There was some difficult news to digest this week.

ANA HOLDINGS INC., the parent company of All Nippon Airways (ANA), has forecast a full-year loss in the vicinity of 510 billion yen (US$4.9 billion) after slumping to a loss of 188 billion yen (US$1.8 billion) for the first half.

ANA HOLDINGS executive vice president and chief financial officer, Ichiro Fukuzawa, expressed optimism that signs of recovery in the second quarter indicated the worst was over, but the road back will be a long one.

More immediately, the International Air Transport Association (IATA) published figures this week that showed airline revenues were expected to be 46% below the US$838 billion the industry generated in 2019. The forecast was 17 percentage points lower than the airline lobby group's previous estimate. Read More »


Daily Digest

Orient Aviation Daily Digest: Cathay Pacific Group cockpit and cabin crew overwhelmingly accept reduced pay and benefits packages

November 5, 2020

  • Cathay Pacific Group said today 98.5% of pilots and 91.6% of cabin crew had agreed to reduced base pay and allowances in a company restructure prompted by COVID-19. Read More »


Daily Digest

Orient Aviation Daily Digest: Garuda Indonesia domestic traffic records 18.7% jump in September

November 4, 2020

  • Garuda Indonesia carried 222,979 passengers on its domestic network in September, up 18.7% from 187,831 in August, the airline group's monthly traffic report showed. Read More »


Daily Digest

Orient Aviation Daily Digest: China Southern Airlines requests regulatory approval for its 100% cargo subsidiary

November 3, 2020

  • China Southern Airlines (CSA) has applied to the Civil Aviation Administration of China (CAAC) for an operating licence for its cargo business, China Southern Air Cargo Co Ltd. Read More »


Daily Digest

Orient Aviation Daily Digest: Japan Airlines forecasts annual losses of up to US$2.6 billion

November 2, 2020

  • Japan Airlines (JAL) said on Friday it expected to post a full-year loss in the vicinity of 240 billion - 270 billion yen (US$2.3 million - US$2.6 billion) for the 12 months to March 31, 2021, compared with a reported net profit of 53.4 million yen for its most recent fiscal year, as it battled the impact of COVID-19. Read More »



Japan’s ANA HOLDINGS to report US$4.9 billion annual loss

All Nippon Airways' (ANA) parent company, ANA HOLDINGS INC, this week flagged a full-year loss in excess of half a billion yen as a result of a significant passenger demand decline from the coronavirus pandemic. Read More »



IATA downgrades 2021 revenue forecast

The International Air Transport Association (IATA) this week called for additional financial relief for airlines as it downgraded forecasts for revenue in 2021 due to the industry’s slow recovery from COVID-19. Read More »



Airbus CEO says outlook has deteriorated

Airbus CEO, Guillaume Faury, said this week there was much uncertainty in the global aviation market as the coronavirus continued to circulate around the world. Read More »



Boeing boss forecasts 737 MAX deliveries to resume by year-end

Boeing CEO, Dave Calhoun, said this week it was still his expectation 737 MAX deliveries would resume before the end of the year. Read More »



First Airbus A321 freighter enters service

The first Airbus A321P2F converted freighter began commercial operations this week with launch customer Qantas. Read More »


Short Takes

SIA Engineering Company (SIAEC) and Cebu Air (CEB) said this week they had unwound their two joint-venture businesses – Aviation Partnership Philippines Corporation (APPC) and SIA Engineering Philippines Corporation (SIAEP). Read More »