COVID: Airlines preparing for a slow global takeoff

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.

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