US Centers for Disease Control and Prevention (CDC) urged (28-Mar-2020) New York, New Jersey and Connecticut residents to avoid non essential domestic travel for 14 days, effective immediately, excepting critical infrastructure employees. [more - original PR]
The airline industry has undergone significant changes in the past years, with the exit of several “household names” from the market, and other carriers struggling for survival. These changes have dramatically affected consumers, and have altered the alliance ecosystem. This panel will consider:
• The role of the regulator in responding to carrier failures;
• Whether ownership and control rules are limiting or distorting the restructuring of the industry;
• The impact of national insolvency and competition rules on the restructuring process;
• Will see the emergence of truly multinational carriers?;
• Changes in carrier cooperation in a shifting competitive landscape.
Mexico's Secretary of Tourism Miguel Marques reported (31-Mar-2020) a 24.3% year-on-year reduction in offer (seats) in the week starting 23-Mar-2020, totalling 65,950 fewer seats from tourism source counties. Seats from North America declined by 21.2% week-on-week. Mr Marques stated that figures in Apr/May-2020 will be "crucial" to be able to forecast and amend the forecast for 2020.
- Week starting 30-Mar-2020: 55,930 scheduled inbound seats;
- Week starting 06-Apr-2020: 64,950 scheduled inbound seats. [more - original PR - Spanish]
- Immediate provision of government assistance through grants and subsidies to support operating expenses and wages to airport staff;
- Ensuring secured financing and loans at preferential rates and bank guarantees;
- Suspension of all national and local aviation specific taxes for 2020;
- Waiving or postponement of airport rents and concession fees applicable to airport operators, irrespective of their ownership status.
ACI World director general Angela Gittens stated: "ACI World is calling on States to consider financial relief measures that will help to alleviate the significant drop in cash flows and to ensure operational and business continuity of airport activities, and to protect jobs". [more - original PR]
Air China Limited reported (31-Mar-2020) the following financial highlights in accordance with International Financial Reporting Standards for the 12 months ended 31-Dec-2019:
- Total operating revenue: CNY140,240 million (USD20,311 million), -0.5% year-on-year;
- Passengers: CNY124,525 million (USD18,035 million), +3.4%;
- Cargo and mail: CNY5732 million (USD830.2 million), -49.7%;
- Operating costs: CNY125,598 million (USD18,191 million), -0.7%;
- Fuel: CNY35,965 million (USD5209 million), -6.5%;
- Labour: CNY25,474 million (USD3689 million), +4.2%;
- Operating profit: CNY14,642 million (USD2121 million), +2.1%;
- Net profit: CNY7264 million (USD1052 million), -11.6%;
- Total assets: CNY294,206 million (USD42,611 million);
- Cash and cash equivalents: CNY8935 million (USD1294 million);
- Total liabilities: CNY192,877 million (USD27,935 million). [more - original PR]
*Based on the average conversion rate at CNY1 = USD0.144832
Airport Operators Association (AOA) stated (31-Mar-2020) the UK Government needs to provide more support for the aviation sector in response to the coronavirus outbreak. CEO Karen Dee stated: "More than half the UK population flew at least once last year and 40% by value of our non EU trade travels by air. More than a million people are employed directly or indirectly in aviation". Ms Dee said the UK Government is lagging behind international competitors in terms of safeguarding the industry, adding: "We appear to be at the back of the queue when it comes to Government providing targeted support". [more - original PR]
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