Which Airlines may be next to Fold?

[ozfflyer]

thomas cook gone

jet airways india gone

cobalt gone

numerous otheer EU operators gone

JQ NZ domestic goning

Condor next ?

Norwegian ?

 

[p--and--t]

Hertz Prepares To File For Chapter 11 Bankruptcy As Debt Restructuring Is In Doubt

Hertz Could File For Bankruptcy as early as Tuesday.

loyaltylobby.com

 

[drron]

Comair enters business rescue.

South Africa's Comair Enters Business Rescue

Comair in South Africa, a British Airways franchise, has entered voluntary business rescue. Here's what this means for the airline.

onemileatatime.com

Virgin Atlantic downsizing.

Virgin Atlantic Leaving Gatwick, Retiring 747s, Laying Off 3,150 Staff

Virgin Atlantic has revealed massive cost cutting measures, including retiring all 747s, pulling out of Gatwick, and laying off staff.

onemileatatime.com

 

[Mattg]

Comair, which operates British Airways flights in South Africa and owns Kulula, has been placed into voluntary "business rescue". The airline has not been able to operate any passenger flights since 26 March, and may remain grounded for months.

Meanwhile, South African Airways, the country's other main airline, is unlikely to survive after the government withdrew funding a few weeks ago.

South Africa’s Comair files for business rescue

South African carrier Comair has become the latest operator in the country to enter business rescue, as it aims to restructure to deal with the coronavirus crisis. Comair made a pre-tax loss of R645 million ($35 million) for the six months to 31 December. "While we had started making good ...

www.flightglobal.com

Comair is one of the only airlines in the world that has been consistently profitable for decades. It just shows that no airline is immune from the current crisis.

I've flown Comair a few times and found them to be good. I hope they are able to come out of this crisis in good shape.

 

[p--and--t]

Comair Enters Business Rescue (Bankruptcy Protection)

Comair that operates Kulula and British Airways-flights in South Africa has filed for bankruptcy.

loyaltylobby.com

 

[p--and--t]

Virgin Atlantic Prepares For Potential Insolvency

Virgin Atlantic has hired advisers to guide it through administration unless fresh cash is found.

loyaltylobby.com

 

[drron]

And a small US Charter flight airline.

Miami Air International Liquidates

US charter airline Miami Air has liquidated, after filing for Chapter 11 bankruptcy protection back in March 2020. Here are the details.

onemileatatime.com

 

[jakeseven7]

Virgin Atlantic Prepares For Potential Insolvency

Virgin Atlantic has hired advisers to guide it through administration unless fresh cash is found.

loyaltylobby.com

You’ve got to think the future looks grim for VS

 

[drron]

Avianca now in bankruptcy protection.

Avianca Files For Bankruptcy Protection

Avianca has filed for bankruptcy protection. Why did this happen, and what does this mean for the LifeMiles loyalty program?

onemileatatime.com

 

[p--and--t]

Lufthansa is negotiating a stabilisation package for 9 billion euros with the Federal Economic Stabilisation Fund (Wirtschaftsstabilisierungsfonds - WSF) to finance the Lufthansa Group. The negotiations and the process of political decision-making are still ongoing. (Airline Geeks 12/5/20)

 

[jakeseven7]

Another travel company....

Tourism operators owed millions, minister calls on New Zealand rich lister to pay Queensland debtors

A New Zealand rich lister whose travel empire owes millions to tourism operators lobbies for a Queensland Government bailout over debts racked up before coronavirus shutdowns.

www.abc.net.au

 

[AIRwin]

Government drafts $1b rescue plan to save Garuda Indonesia - Business - The Jakarta Post

The rescue plan includes a proposal to restructure Garuda Indonesia’s $500 million sukuk due next month and arrange new bridge loans of as much as $500 million to meet working capital requirements.

www.thejakartapost.com

 

[drron]

Now Thai.how unexpected!

Is Thai Airways Going To File For Bankruptcy Even After A Government Bailout Was Almost Decided Upon?

Is a Thai Airways Bankruptcy looming?

loyaltylobby.com

 

[jakeseven7]

VS creeps closer to the abyss.

UK government not interested.

Bloomberg - Are you a robot?

 

[AIRwin]

Now Thai.how unexpected!

Is Thai Airways Going To File For Bankruptcy Even After A Government Bailout Was Almost Decided Upon?

Is a Thai Airways Bankruptcy looming?

loyaltylobby.com

https://uk.reuters.com/article/thai-airways-rescue/thai-cabinet-approves-plan-for-thai-airways-bankruptcy-court-restructuring-idUKL4N2D11BF

 

[p--and--t]

LATAM intending filing for "Chapter 11" in three countries.

After the big fanfare of linking up with Delta and exiting OneWorld....

Chile's Latam Airlines Group Hires PJT Partners to Restructure Debt: Report

Chile's Latam Airlines Group SA has hired U.S. investment boutique PJT Partners to explore debt restructuring options that may include bankruptcy protection filings in three countries, Brazilian newspaper O Estado de S. Paulo reported late on Monday.

www.nytimes.com

 

[p--and--t]

TG is "folding" but will rise again as gov has already promised support. A spring clean exercise (or alternatively a severe haircut if you are a lender).

Thai Airways Files For Bankruptcy Protection, Won’t Refund Any Tickets For At Least Six Months

Thai Airways in Bankruptcy Protection puts passenger refunds in limbo.

loyaltylobby.com

 

[jakeseven7]

Virgin Atlantic still trying to raise $1b in cash to stay afloat with no prospect of flying anytime soon due to the UK government introducing 14 day quarantine shortly.

Redirect Notice

 

[only4tehlulz]

https://twitter.com/x/status/1266206080486436865

 

[jakeseven7]

https://twitter.com/x/status/1266206080486436865

View attachment 219243

I thought VA was bigger than that...

 

[Himeno]

I thought VA was bigger than that...

The same goes for VS. With the way they act, I had thought they were at least half the size of BA only to find that VS had 35 aircraft and 30 destinations compared to 278/183 for BA.
Virgin Australia Holdings has 132 aircraft across mainline, regional and TT, while Qantas Group have 292 across mainline, link and JQ (+53 more at the other Jetstar franchises).