Orient Aviation Daily Digest May 21, 2021
A look at the week
By Jordan Chong
Singapore Airlines (SIA) Group said the past year had been the toughest in its 74-year history as the pandemic rendered international travel almost non-existent and punched a hole in passenger revenue.
The Singaporean flag carrier posted a net loss of S$4.3 billion (US$3.2 billion) for the 12 months to March 31, slumping deeper into the red from a net loss of S$169.4 million in the same months last year. Revenue declined 76.1%, to S$3.8 billion.
It said domestic markets had recovered in some countries, but international air travel remained "severely constrained" and the recovery trajectory was "still unclear". Read More »
News
Cathay Pacific Group pledges net-zero carbon emissions by 2050
Cathay Pacific Group has joined a growing list of companies committed to net-zero carbon emissions by 2050. Read More »
News
Asiana Airlines narrows first quarter loss to US$204 million
Asiana Airlines has reported a net loss of 230.4 billion won (US$204 million) for the three months to March 31, 2021, an improvement from a net loss of 549 billion won a year ago. Read More »
News
European MRO extends contract with Malaysia Airlines
AFI KLM Engineering and Maintenance (AFI KLM E&M) has signed a MRO contract extension with Malaysia Airlines covering the carrier's 737s. Read More »
News
AirAsia X reports eighth quarterly loss
AirAsia X (AAX) recorded a net loss of 5.7 billion ringgit (US$1.4 billion) for the three months to March 31, 2021, continuing its decline in earnings from a net loss of 549.7 million ringgit 12 months ago. Read More »
News
Virgin Australia CEO unveils recovery strategy
Virgin Australia (VA) said it would add 700 more flights a week across its domestic network by October and hire 250 staff amid improving demand for air travel. Read More »
News
Singapore Airlines appoints DBS veteran, Jeanette Wong, to its board
Singapore Airlines (SIA) has appointed former bank executive Jeanette Wong as an independent non-executive director. Read More »
News
Gulf’s dnata signs expanded five-year contract with Sydney Airport
dnata has signed a new five-year contract with Sydney Airport that includes expanding the air travel services provider's existing cargo facility by 4,800 square metres to 16,300 square metres. Read More »
