Sumary of COVID: Airlines preparing for a slow global takeoff:
- For airlines, full trans-Atlantic planes were an optimistic sign that global travel was finally getting back to some form of pre-pandemic normal.
- Whereas US carriers are heavily invested at home, a number of big European airlines are particularly dependent on lucrative North Atlantic services.
- Air France-KLM generates 40% of sales here, while Lufthansa brings in 50% of its sales.
- Yet even before the coronavirus hit, the airline industry was reeling from two Boeing 737 MAX crashes that killed nearly 350 passengers.
- When 737 MAX flights resumed in many places in December 2020, airlines didn’t need them as unused planes were parked around the world waiting for passengers.
- Hope from the Middle East Now this week at the five-day Dubai Airshow, some airlines are making big plans again.
- Airbus announced that it had a group order from a private-equity-backed consortium of airlines for 255 of its A321 planes though it did not reveal the price tag.
- Of that, 102 will go to Hungarian low-cost airline Wizz Air, 91 to US carrier Frontier Airlines, 39 to Mexico’s Volaris and 23 to JetSMART in Chile.