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 ?

 

[drron]

Aeromexico now filing for Chapter 11 protection.

Aeromexico Files For Chapter 11 Bankruptcy

Aeromexico has filed for Chapter 11 bankruptcy. What does this mean for customers, the freuqent flyer program, and employees?

onemileatatime.com

 

[p--and--t]

Not folding yet, but seriously downsizing or currently in trouble:

EL Al - suspends all flights and operations immediately and indefinitely. All planes being returned to home base immediately. here

PIA - banned from flying over any EU airspace over falsified pilot licencing issues until 1 Jan 2021 (with possible extension). here

UAE has banned all flights to/from Pakistan (more than 1M Pakistani's resided in UAE prior to Covid) - This will effect both PIA and Emirates airlines.

Norwegian Air cancels order for 97 Boeing aircraft and sues Boeing - here

Air Baltic - has laid of 41% of its staff

Easy Jet has laid off the majority of its 15,000 workers, has not operated a commercial flight since Mar 30 and is trying to cancel defer its orders of 100 new aircraft from AirBus

Iceland Air has laid off 69% percent of its workforce.

LIAT - regional airline for Antigua and Barbados is anticipated to be liquidated at an upcoming shareholders meeting

Lufthansa - although they have agreed to a government sponsored bailout is shedding 22,000 employees

Airbus - has announced a downsizing of 15,000 employees

Delta Airlines - has furloughed 2,600 pilots and is encouraging an additional 7,900 to take an early retirement package

Latam - has announced it is suspending 23 routes across its network including domestic flights in Chile Peru & Brazil

SAS - has terminated the contracts of 560 pilots

 

[Berlin]

Not folding yet, but seriously downsizing or currently in trouble:

Lots of livelihoods destroyed in the process, I feel really sad for every single one of those employees who lose their jobs right now when there is virtually no chance to finding something half way acceptable any time soon. And we on here (myself included) are whinging about not being able to go on our holidays

 

[jb747]

At the end of all of this, I think there will, worldwide, be but a few government owned airlines. The ripple effect into tourism, and business in general, will be staggering.

 

[p--and--t]

July 2020

Not folding but

After receiving a gov bailout, Air France is expecting to cut 7,850 jobs (1,020 of which are from it's subsidiary HOP).

When the USA gov wages support tap is turned off in a couple month, American Airlines has announced it will have 20,000 surplus workers for what it needs for forecast traffic.

 

[drron]

Things are certainly happening in the airline world with many more planes being retired.
First SAA-don't count on it to do much long haul flying.

South African Airways Getting Rid Of Most Planes

South African Airways is getting rid of a majority of its planes, including all A330s and half of A350s. Here's what's left.

onemileatatime.com

South African Airways will be getting rid of a majority of its planes in the coming week. The airline plans to retire all A330s, two A350s, and some A320s.
This means the airline will be left with fewer than a dozen planes, including two A350s (which the airline still wants to get rid of), some A340s, and some narrow body planes.
SAA’s future is still uncertain, though at this point it will at best be a shell of what it once was.

Next Royal Air Maroc.

Royal Air Maroc Dumping Nearly Half Of 787 Fleet

Royal Air Maroc will be laying off 30% of employees and getting rid of 20 planes due to the current pandemic. Here's the most surprising part.

onemileatatime.com

Like many airlines around the globe, Royal Air Maroc is downsizing significantly, as the airline will lay off 30% of employees and get rid of 20 planes. What surprises me is that the airline is getting rid of four of the nine 787s in its fleet.

And EL AL basically being re nationalised.

Israel's Government Taking Majority Stake In EL AL

EL AL will get up to $400 million in funding from Israel, which will see the government take a majority stake in the airline.

onemileatatime.com

EL AL has been in desperate need of new funding, and it looks like the airline is now getting that. EL AL will get a total of $400 million, including $250 million in loans and $150 million in investments.

It’s crazy to think that $150 million will get the government a 61% stake in the airline — that’s just over half of the list price of a single 787.
Unfortunately this deal is contingent upon cutting about 2,000 jobs. I wouldn’t be surprised to see that negotiated a bit, because realistically the unions are likely to get better terms with the government than with any private investors.

 

[kelvedon]

With their shares temporarily suspended on Wednesday, Ernst and Young have stated AirAsia‘s future is in significant doubt.

Airline AirAsia's future in ‘significant doubt’

 

[AIRwin]

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

'Survival Team' set up for Thai Airways

A so-called "Survival Team" has been formed to work out a business plan for Thai Airways International (THAI) to support the debt rehabilitation of the carrier, according to a source at the airline.

www.bangkokpost.com

 

[p--and--t]

 

[drron]

Cathay has released the depth of their problems.passenger load in June down 99.1% to 900 pax per day.

British Airways Retiring 747 Effective Immediately

British Airways is retiring its fleet of Boeing 747-400s effective immediately, which is an announcement that many of us anticipated.

onemileatatime.com

And Icelandair in a novel way of staffing.Sacking all FAs and using pilots as FAs.

Icelandair Fires All Flight Attendants, Will Replace Them With Pilots

Icelandair has fired all flight attendants, and for the time being pilots will be taking over their duties.

onemileatatime.com

 

[p--and--t]

Jet Time Files For Bankruptcy

Jet Time, a Danish charter airline, has filed for bankruptcy.

loyaltylobby.com

 

[p--and--t]

United Airlines Drops Regional Affiliate Express Jet, Sticks With CommutAir

United ends partnership with Express Jet.

loyaltylobby.com

 

[moa999]

More question on AirAsiaX

Malaysian brokerage issues dire warning about AirAsia X

Malaysian brokerage firm CGS CIMB Securities has questioned the ability of AirAsia X to survive the collapse in international air travel. In a research note entitled "Low probability of survival," CGS CIMB says that the long-haul, low-cost carrier's first quarter results were just the "opening...

www.flightglobal.com

 

[AIRwin]

Tigerair Australia

 

[ja1]

If you start reading this thread back when it started in Q3 2019.. and think about how everything was going to change in just 3-6m down the track..

It is difficult to see any airline business surviving without a radical chance in the business model. At the moment the thinking still seems to be that things will at some point go 'back to normal'.

That seems really unlikely.

What is the new normal and how do things work if passenger loads are 75%, 50% or 20%.. (from the current 1%!)

 

[jakeseven7]

Yes, analysts were predicting VA1's demise, even before covid...

 

[Berlin]

It is difficult to see any airline business surviving without a radical chance in the business model. At the moment the thinking still seems to be that things will at some point go 'back to normal'.

That seems really unlikely.

What??? Things are NOT going back to normal?

 

[moa999]

Not an airline, but Travelex has also called in the administrators.
Seems likely to walk away from most airport and high street sites

Travelex strikes rescue deal but 1,300 UK jobs go

A cyber-attack followed by the Covid-19 crisis "acutely" hit the firm, administrators said.

www.bbc.com

 

[p--and--t]

Not an airline, but......

Travelex Falls Into Administration

Travelex has fallen into an administrator.

loyaltylobby.com

 

[AIRwin]

Travelex collapses into administration

Foreign currency exchange business Travelex is now in administration, with more than 1,300 jobs immediately impacted. As far as I can tell, most of the Australian outlets still appear to be open. Although, when I tried to get some foreign currency exchanged back to AUD a few months ago, they...

www.australianfrequentflyer.com.au