Airline conglomerate IAG announces huge losses in wake of pandemic – dpa international

dpa

DUBLIN — International Airlines Group (IAG), which counts British Airways and Iberia among its subsidiaries, on Friday announced a 55.7 per cent drop in revenue and losses of 3.8 billion euros (4.5 billion dollars) for the first half of 2020. Total revenues across the IAG’s fleets, which also include Ireland’s flagship airline Aer Lingus and low-cost carrier Vueling, fell from 12.02 billion euros to just over 5.3 billion euros, IAG said in a statement. IAG attributed the losses to the novel coronavirus, which it described as having “a devastating impact on the global airline and travel sectors.” After the World Health Organization in March declared the outbreak a pandemic, countries across Asia, Europe and North America imposed travel restrictions that in some cases included border closures. “As a result of government travel restrictions, quarter 2 passenger traffic fell by 98.4 per cent on a capacity reduction in the quarter of 95.3 per cent,” IAG said in its statement.

Singapore to allow transit flights from June 2 as restrictions eased – dpa international

Singapore harbour seen from Marina Bay, a popular vantage point for visitors (Simon Roughneen)

KUALA LUMPUR — Singapore will permit some international passengers to transit through Changi Airport from June 2 as restrictions to stem the spread of the coronavirus are gradually lifted. Singapore’s Civil Aviation Authority announced on Wednesday that the city-state aims to “gradually reopen air transport to meet the needs of our economy and our people, whilst ensuring sufficient safeguards for safe travel.” Changi Airport is a widely-used hub for travellers making their way to and from the Asia-Pacific region. Authorities closed two of its four terminals after international travel came to a standstill in the wake of the pandemic and Singapore’s ban on visitors and transit.

Singapore shuts another airport terminal due to coronavirus – dpa international

KUALA LUMPUR — Citing “the sharp decline in flight movements because of the global Covid-19 pandemic,” Changi Airport in Singapore said on Tuesday that it will temporarily close its Terminal 4 from May 16. Flights from the hub will be restricted to Terminals 1 and 3 – as well as Jewel Changi Airport, effectively a fifth terminal. Airport authorities had earlier suspended use of Terminal 2. One of the world’s busiest airports and usually a busy waystation for travellers en route from the Asia-Pacific region to Europe, Changi was on Monday was voted “World’s Best Airport” for the eighth consecutive year in the Skytrax World Airport Awards.

Coronavirus and travel restrictions set to ravage Asia’s airlines – dpa international

KUALA LUMPUR — An industry body representing nearly 300 airlines warned on Friday that carriers in the Asia-Pacific region could see business drop by half this year due to the coronavirus pandemic. The International Air Transport Association (IATA), which includes 290 airlines among its members, said on Friday that the sector faces a revenue drop of 113 billion dollars due to a pandemic that has killed an estimated 190,000 people worldwide. Airlines in the region face “a 50-per-cent fall in passenger demand in 2020 compared to 2019,” the IATA stated, warning of catastrophic knock-on impacts in related sectors. “11.2 million jobs are at risk, including those that are dependent on the aviation industry, such as travel and tourism,” according to Conrad Clifford, IATA’s Singapore-based Asia-Pacific vice-president.