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Covid-19: Airlines seek emergency aid as coronavirus brings industry to near-halt

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Delta posts huge second-quarter loss as pandemic takes toll

Delta Air Lines posted an adjusted pre-tax loss of $3.9 billion for the second quarter, even before fleet restructuring costs and investment write-downs widened its overall coronavirus crisis losses incurred for the period.

The adjusted loss figures excludes a further $3.2 billion of items directly related to the impact of Covid-19 and the company’s response, including fleet-related restructuring charges, write-downs relating some of Delta’s equity investments, and the benefit of the CARES Act grant recognised in the quarter.

Total adjusted revenue, excluding refinery sales, plummeted 91% to $1.2 billion for the three months ending 30 June. That was based on capacity cuy by 85% during the quarter. Operating costs at an adjusted level were cut 53% to $5.5 billion for the period.


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SIA Group passenger carriage plunges 99.3% in June as COVID-19 continues to impact demand

SINGAPORE: The Singapore Airlines (SIA) Group recorded a 99.3 per cent year-on-year decline in passenger carriage in June, according to its operating results published on Wednesday (Jul 15).

Overall results improved marginally from May despite travel demand continuing to be severely impacted by the COVID-19 pandemic as flights slowly began resuming last month.

As border controls and travel restrictions remained in place around the world, overall passenger capacity was cut by 95.1 per cent and the passenger load factor fell to 12.2 per cent, said the group. This was an improvement over May's overall passenger capacity of 96.2 per cent and passenger load factor of 8.6 per cent. 

SIA's capacity was 94 per cent lower compared to last year's, with only a "skeletal network" of flights in operation, connecting Singapore to 24 metro cities. 

This was an increase from a capacity of 95.6 per cent and 14 cities in May, as transfers via Changi resumed.

More: https://www.channelnewsasia.com/news/business/singapore-airlines-silkair-scoot-june-operating-results-covid-19-12935062

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British Airways retires entire 747 fleet after travel downturn

British Airways has said it will retire all of its Boeing 747s as it suffers from the sharp travel downturn.

The UK airline is the world's largest operator of the jumbo jets, with 31 in the fleet.

"It is with great sadness that we can confirm we are proposing to retire our entire 747 fleet with immediate effect," a BA spokesman told the BBC.

Airlines across the world have been hit hard by coronavirus-related travel restrictions.

"It is unlikely our magnificent 'queen of the skies' will ever operate commercial services for British Airways again due to the downturn in travel caused by the Covid-19 global pandemic," the spokesman added.

More: https://www.bbc.com/news/business-53426886

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