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
November 5, 2020
Daily Digest
Orient Aviation Daily Digest: Garuda Indonesia domestic traffic records 18.7% jump in September
November 4, 2020
Daily Digest
November 3, 2020
Daily Digest
Orient Aviation Daily Digest: Japan Airlines forecasts annual losses of up to US$2.6 billion
November 2, 2020
News
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 »
News
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 »
News
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 »
News
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 »
News
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 »
