Showing posts with label Travel. Show all posts
Showing posts with label Travel. Show all posts

Thursday, December 23, 2021

Omicron wave forces Lufthansa to axe 33,000 flights

German national carrier Lufthansa will cut its winter flight plan by "around 10 percent" as the spread of the Omicron variant fuels uncertainty about travel, chief executive Carsten Spohr said Thursday.

"From the middle of January to February, we see a sharp drop off in bookings", leading the airline to cancel "33,000 flights or about 10 percent" of its flights this winter, Spohr said in an interview with the Frankfurter Allgemeine Sonntagszeitung (FAS).

"Above all we are missing passengers in our home markets of Germany, Switzerland, Austria and Belgium, because these countries have been hit hardest by the pandemic wave," Spohr said.

Europe's largest airline was currently running "about 60 percent" of flights compared with the pre-pandemic year 2019, carrying "roughly half" the number of passengers, the CEO said.

The number of cancellations would have been higher were the company not running 18,000 "extra, unnecessary flights just to secure our landing and takeoff rights," Spohr said.

The airline industry has been battered since the beginning of the coronavirus pandemic, with countless flights grounded in 2020 as countries closed their borders.

The European airports association ACI Europe estimated on Thursday that the number of passengers travelling through its members had dropped 20 percent since November 24, when the Omicron variant was first reported to the World Health Organization.

Germany has placed stricter limits on travellers coming from the United Kingdom and South Africa, among others, where the new variant has caused a surge in cases.

The sudden headwind for the industry also caused Irish low-cost carrier Ryanair to cut its planned January schedule by 33 percent this week.

- Sick pilots -

On Thursday, a Lufthansa spokesman told AFP the airline had already cancelled several transatlantic flights around Christmas, after the number of pilots calling in sick was greater than normal for this time of year.

Asked whether the absences were linked to the Omicron variant, the spokesman said he "could not speculate" as he did not have any information about the causes of illness.

In total, the airline has been forced to axe six flights between December 23 and 26, including services to Chicago, Boston and Washington.

The lack of personnel came despite Lufthansa's "big planned reserves" of crew, the spokesman said.

Swedish national carrier SAS on Wednesday also cancelled nine flights due to the coronavirus, after scrapping some 30 flights worldwide the day before.

Lufthansa posted its first operating profit since the beginning of the pandemic in the third quarter of this year, after a difficult 18 months.

The carrier booked an underlying, or operating loss of 5.5 billion euros ($6.2 billion) in 2020 and turned to the state for support.

In November, Lufthansa announced it had finished paying back the nine-billion-euro bailout it received from the government earlier than planned.

Agence France-Presse

Wednesday, July 28, 2021

Kuwait bans unvaccinated citizens from traveling abroad

CAIRO - Kuwait on Tuesday said only citizens who have been vaccinated for the coronavirus will be allowed to travel abroad starting on Aug. 1.

A government statement said the rule excepted children under age of 16, those with a health ministry certificate saying they cannot be vaccinated, and pregnant women who have a pregnancy proof certificate from authorities.

Also on Tuesday, the civil aviation authority said that all arrivals in Kuwait must have a negative COVID-19 PCR test before they board their flights and must not be showing any symptoms.

All arrivals will have to be home quarantined for seven days unless they take a COVID-19 PCR test inside Kuwait that comes out negative.

The Kuwaiti government on Monday eased some coronavirus related restrictions and resumed all activities except for gatherings which include conferences, weddings, and social events.

-reuters-

Friday, April 9, 2021

Disneyland's Avengers area to open in June with Spider-Man, shawarma

LOS ANGELES -- A new Avengers-themed area featuring a Spider-Man ride, roaming superheroes and a shawarma food cart will open at Walt Disney Co’s Disneyland Resort in California on June 4, the head of the company’s parks division said on Thursday.

The debut will come weeks after the resort in Anaheim, about 35 miles southeast of Los Angeles, begins welcoming back guests for the first time in a year starting on April 30.

Disneyland, the original Disney theme park, and neighboring California Adventure were closed in March 2020 to help prevent spread of the novel coronavirus. The shutdown thwarted plans to open the Avengers Campus in July 2020.

Josh D’Amaro, chairman of Disney parks, experiences and products, announced the new opening date as he offered a glimpse of the Avengers attractions during a pre-taped video shown to reporters.

In a new Spider-Man ride called “Web Slingers,” which combines physical and virtual environments, guests will team with Spidey to capture out-of-control Spider-Bots.

“You will swear Peter Parker’s right there,” said Marvel Studios president Kevin Feige, referring to Spider-Man’s alter ego.

A swinging Spider-Man character also will perform acrobatics above the park’s rooftops. The character is a “stuntronic” robot designed to perform somersaults while flying 60 feet in the air, Disney said.

Black Panther, Black Widow, Doctor Strange, Iron Man also will found in the park, as well as a Quinjet, an advanced aircraft used by the Avengers.

“There’s only one place you can see one of our Quinjets,” Feige said. “It’s either in the movie or it’s here.”

Food options will include a cart offering shawarma, a nod to a scene at the end of the 2012 “Avengers” movie when various superheroes ate the Middle Eastern dish together after saving the world.

Visitors to Disneyland will need advance reservations and must follow COVID-19 safety precautions including wearing masks and social distancing.

-reuters-

Saturday, March 27, 2021

Pandemic fuels travel boom -- in virtual reality

Jem Jenkins Jones was stuck at home in Wales for much of the past year amid pandemic lockdowns but managed to fulfill a promise to her 10-year-old daughter to see the northern lights from Iceland and South Africa's game reserves -- in virtual reality.

"She was amazed," she said, calling the VR travel experiences "a lifesaver for us."

Strict lockdowns and travel limitations during the pandemic have sparked fresh interest in immersive virtual travel experiences, which have become more accessible and affordable with new apps and VR hardware.

Even those confined to their homes can take a virtual jaunt to Machu Picchu, the rainforests of Borneo or a road trip across the United States in a convertible.

Data on VR travel usage is limited but developers have seen surging interest since the pandemic hit.

"It has been skyrocketing," said Cezara Windrem, creator of the Alcove VR platform at AARP Innovation Labs. "We're getting more adoption every month."

Alcove enables users to visit exotic locales such as Australia's coral reef or the island of Malta, while adding a "shared" experience which enables people to interact and even "lead" a family member without the technical skills to navigate in a VR headset.

"We’ve heard from a lot of people who discovered Alcove and decided buy a headset for their elderly family members," Windrem said. 

This allows for shared travel even during a lockdown and other kinds of experiences such as "playing chess with someone on the other side of the planet."

- Travel substitute, complement -

With the tourism industry largely obliterated by the coronavirus outbreak, virtual reality has emerged as both a substitute for real-world travel and a complement to help people plan their next trip.

App developers have created a range of travel experiences: touring the pyramids of Egypt, the Taj Mahal, the savannahs of Kenya or the Antarctic from a kayak. These come from commercial operators or organizations such as National Geographic or World Wildlife Fund.

Users can opt for hardware from Facebook's Oculus, Sony's PlayStation or the inexpensive Google Cardboard, among others. Some gear costs as little as $300 and many apps are free.

"I have traveled every week since the pandemic, from the comfort of my home," said Rafael Cortes, a San Antonio computer professional who uses Alcove and YouTube VR.

"I've been to London, the glass bridge in China, Angel Falls in Venezuela, the ancient city of Petra in Jordan, a helicopter tour of New York."

Amy Erdt lives in Portland, Oregon, but with VR, "I like to walk around my sister’s town in Wallingford, England, occasionally because I can’t be there."

Erdt, who administers a Facebook group of VR users, said there are "some great travel experiences" in virtual reality, which can be remarkably realistic.

"I once sat at VR poker table at 1 am with a guy in Australia who was eating KFC (chicken), she said. "I could hear his KFC crunch. It was a trip."

- Gaming and beyond -

Virtual reality's most popular applications are in gaming and fantasy worlds, but travel is seen as a new growth vector.

"During the pandemic when everyone is socially isolated it may seem strange to isolate yourself further to transport yourself somewhere else but it does allow us to experience things we can’t experience today," said Avi Greengart, analyst with the consultancy Techsponential.

Greengart said VR travel has some advantages but can't be compared with the real thing.

"With VR travel you're not getting the food unique to the area, you're missing a lot of the sensory experiences and serendipitous meetings with locals," he said.

On the other hand, "you can browse a museum and have it all to yourself," which may be impossible in the physical world.

A report by research firm GlobalData shows that virtual and augmented reality had already been gaining momentum from travel operators and tourism boards before the pandemic to enable people to get a taste of a destination before going there.

GlobalData analyst Ralph Hollister said the pandemic may be giving the sector a lift that will endure even after the pandemic.

"Spending considerably more time indoors with an abundance of spare time, combined with an urge to travel, has meant that aspiring travelers have been turning to VR to fill a void that travel restrictions have left," Hollister said.

Hollister said he sees VR becoming an important part of the process of travelers viewing and selecting a travel destination.

"The widespread adoption of VR for this kind of purpose could be the next step for this technology and help it permanently move away from its ‘gimmick’ label,” he said.

Agence France-Presse

 

Monday, March 15, 2021

US air travel hits highest level since March 2020

WASHINGTON - Airports in the United States saw their largest number of passengers in a year on Friday, data showed, following a shuddering halt in travel brought on by the Covid-19 pandemic.

Just over 1.35 million travelers were checked in at American airports on Friday, the most since March 15 last year, according to Transportation Safety Administration figures.

Despite the recovery, volume is still nearly half of what it would normally be this time of year.

The previous high since the onset of the coronavirus crisis was seen on January 3, with nearly 1.33 million passengers. 

Air traffic had plunged to a record low 87,534 passengers on April 14. 

The United States has been battered by the world's biggest reported outbreak of the virus, with some 534,000 deaths. 

However, the country has administered over 100 million doses of the vaccine and new cases numbers have fallen from their highs over the holiday season. 

Agence France-Presse

Wednesday, December 2, 2020

Airbnb aims for $35 billion valuation in long-awaited IPO

NEW YORK - Airbnb Inc said on Tuesday it is aiming for a valuation of up to $34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes after the U.S. home rental firm's business was heavily damaged by the COVID-19 pandemic earlier this year.

In a regulatory filing, Airbnb set a target price range of between $44 and $50 apiece to sell 51.9 million shares, which would pull in $2.6 billion. Airbnb could end up selling $2.85 billion at the upper end of the range.

Of the shares being sold, Airbnb founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk will together sell nearly $100 million worth of shares in the IPO launch. 

Airbnb struggled in the immediate aftermath of the pandemic as travel came to a grinding halt. It had to lay off a quarter of its workforce and seek $2 billion in emergency funding from investors, including private equity firms Silver Lake and Sixth Street Partners.

But as lockdowns eased, more travelers opted to book homes instead of hotels, helping Airbnb post a surprise profit for the third quarter. The San Francisco-based firm also gained from increased interest in renting homes away from major cities.

"Looking at Airbnb there's a lot to like. The company's third quarter has shown they've bounced back better than a lot of their travel rivals," said Matthew Kennedy, senior strategist at IPO research firm Renaissance Capital.

At the top of Airbnb's target range, the IPO will give Airbnb a fully diluted valuation, which includes securities such as options and restricted stock units, of $34.8 billion. This is nearly double the $18 billion Airbnb was worth in an April private fundraising round and above the $31 billion in its last pre-COVID-19 private fundraising in 2017.

Airbnb's market capitalization at $50 per share would total $29.8 billion. Chesky's stake would be valued at about $3.8 billion, while those of Gebbia and Blecharczyk would be worth about $3.5 billion each. Sequoia Capital, which first invested in Airbnb in 2009, would have a stake worth more than $4 billion.

Airbnb made its IPO registration public earlier this month. Reuters was the first to report in October that the startup was aiming to raise around $3 billion in its IPO that could value it at more than $30 billion. 

Airbnb plans to list on Dec. 10 under the symbol "ABNB" on Nasdaq.

LONG-AWAITED IPO

Airbnb's stock market debut will be one of the largest and most anticipated U.S. IPOs of 2020, which has already been a bumper year for flotations. Record label Warner Music Group, data analytics firm Palantir Technologies and data warehouse company Snowflake Inc have all gone public in the past few months.

Airbnb was launched by Chesky and Gebbia in 2008 as a website to take bookings for rooms during conferences, including the Democratic National Convention that year in Denver.

It has since expanded listings to include apartments, houses and vacation rentals, allowing millions of ordinary homeowners to make money by renting their flats and houses while on their own holidays.

Airbnb achieved "unicorn" status in 2011, with listed properties in 13,000 cities across more than 180 countries at the time, after being valued at more than $1 billion in a funding round led by Andreessen Horowitz.

Some of Airbnb's other investors include Hollywood actor Ashton Kutcher, buyout firms General Atlantic, TPG, Hillhouse Capital and investment management firms Vanguard Group and Fidelity Investments.

Morgan Stanley and Goldman Sachs are the lead underwriters for the IPO.

-reuters-

Monday, June 22, 2020

Thailand marks 28 days without local transmission, aims to ease travel


BANGKOK — Thailand hopes to ease some coronavirus restrictions on foreigners entering the country after going for 28 days without recording any domestic transmissions, a senior official said on Monday.

Those who will benefit from the easing of restrictions will include business executives, skilled workers and foreigners who live in Thailand.

"The first 3 groups will be able to return to Thailand and stay in 14-day state quarantine," said the spokesman for the government's Center for COVID-19 Situation Administration, Taweesin Wisanuyothin.

Medical tourists will also be allowed back for treatment in hospital, he said.

Short-term business travelers and tourists from China, Japan and South Korea might be allowed back without having to spend 14 days in quarantine, he said, adding that the guidelines were still being worked out.

The proposed easing of restrictions will be put to the government's coronavirus task force on Friday.

Thailand, which has banned international commercial flights up to the end of June, has recorded 3,151 cases and 58 deaths related to COVID-19, the disease caused by the novel coronavirus.

On Friday, Myanmar reported 23 coronavirus cases among Myanmar migrant workers deported from Thailand, raising questions about the possibility of transmission in Thailand.

Both Thailand and Myanmar are investigating. 

-reuters-

Wednesday, June 17, 2020

United Airlines sweetens voluntary exit deal for flight attendants


CHICAGO -- United Airlines sweetened a voluntary exit package for flight attendants and extended the application deadline, saying that while "thousands of employees" signed up, "we're finding that's not enough," according to a document seen by Reuters.

Under the new deal, which came ahead of an initial June 18 deadline, flight attendants would receive a $1,500 health credit for every year worked, up to $45,000. The new deadline to apply is July 8. 

-reuters-

Sunday, June 14, 2020

As pandemic kicks mass tourism, islands seek to mend ties with nature


WASHINGTON - Since coronavirus emptied Hawaii of tourists, seals have been lounging on beaches, fish are swimming closer to shore and the turquoise water of the US islands' famous Hanauma Bay is 55 percent clearer, one marine biologist said.

The pandemic has been devastating economically for Hawaii, whose $18-billion tourism industry employs more than 200,000 people, or about a third of the workforce. It is among the US states with the highest unemployment rate since March.

But the absence of thousands of visitors a day has been a boon for fisheries, coral reefs and other aspects of the fragile island ecosystem that has become degraded by too much tourism and climate change.

As islands around the world grapple with similar challenges, some authorities see the pandemic as an opportunity for change. Before they open the floodgates to mass tourism again, some are questioning how much they want to go back to that model.

"The path we were on prior to COVID wasn't sustainable," said Celeste Connors, executive director of Hawaii Green Growth, one of several U.N. hubs set up around the world to advance sustainable development locally.

"The numbers of tourists that were coming were actually taking a toll on the community and environmental resources," she told the Thomson Reuters Foundation.

Hawaii has not yet set a date for reopening to tourists, nor has it announced any plans to limit visitors. But officials said they do want to make a shift, and coronavirus may accelerate it.

"If we can move away from the mass, sort of industrial way tourism has been done and get into a more community and connected type of tourism, I think that's where Hawaii can really shine," said Kalani Kaanaana, director of cultural affairs and natural resources at the Hawaii Tourism Authority.

The pandemic could help small-scale tourism offerings thrive because they will be less risky for disease transmission than large resorts and attractions, he added.

GREEN RECOVERY

Many island destinations, including Hawaii, were already discussing how to make tourism more sustainable before the novel coronavirus swept around the world this year.

Popular spots from the Philippines to the Faroe Islands have briefly closed to visitors in recent years, to allow their ecosystems to recover. But none could have imagined the months-long closure coronavirus has imposed.

Scientists at the Hawaii Institute of Marine Biology are doing surveys of water quality and wildlife, and are observing changes they have never seen before, said Kuulei Rodgers, principal investigator for the Coral Reef Ecology Lab.

The work could allow them to monitor for the first time just how big an impact tourism has on the local ecosystem.

"There's hope that if we can establish a baseline from what we learn now, we have an argument for trying to preserve that," said Kevin Chang, the head of KUA, an organization advocating for community-based natural resource management in Hawaii.

KUA has compiled a list of dozens of ideas for a green post-pandemic recovery, such as using federal stimulus funds to create a conservation corps and making some tourist sites accessible only with guides to create jobs and limit capacity.

These have been shared with the state government, which has yet to put forward a recovery plan.

In the South Pacific, the Cook Islands were already planning a re-branding that would emphasize environmental stewardship.

Coronavirus offers a good chance to make that transition, said Metua Vaiimene, the government's director of destination development.

"We have resolved to use this opportunity to reset and refresh our tourism industry," Vaiimene told the Thomson Reuters Foundation.

But not all islands feel the same.

"I think what COVID-19 is doing is shaking things up enough that change is possible in places that want to do that," said Kate Brown, executive director of the Global Island Partnership, an alliance spearheaded by island leaders.

"Some will just go back to business as usual," Brown said.

BACK TO FARMING

In some places, the shift away from mass tourism may be out of necessity rather than choice.

On the Philippines island of Siargao, farmers quit the fields to become tour guides when visitor numbers surged about three years ago, said Alfredo Coro, vice mayor of the city of Del Carmen.

Siargao was voted best island in the world in a poll by Condé Nast Traveler magazine last year.

But since coronavirus hit, the government has encouraged people to return to farming, and many are doing so, Coro said. The state has provided seeds and is buying up locally grown rice to distribute it back to the population.

"When they moved to tourism, it was good for their income, but what happened was we became import-dependent," he said. "I think (the people) are starting to see what we have been preaching all along."

Coro hopes that when tourism resumes, some islanders will continue farming because they recognize the value of it, if only for keeping their families fed during a disaster.

Similarly, some Hawaiians are turning back to fishing since the onset of the pandemic, said Mac Poepoe, a native fisherman and community leader on the island of Molokai.

"Now everybody wants to learn how to hunt, they want to learn how to catch fish," Poepoe said.

Molokai has resisted tourism for years and its residents rely largely on subsistence fishing and farming.

It has been less affected by the coronavirus crisis than other islands, Poepoe said, although statistics show that many Molokai residents already lived in poverty.

"I think it sheds a lot of light on the reality that maybe we should get back to the land and manage (it) properly so that we can take care of our people, rather than rely on outside sources," he said. 

-Nellie Peyton, Thomson Reuters Foundation-

Monday, June 1, 2020

Emirates Airline says must cut jobs over virus crisis


DUBAI - Emirates Airline said Sunday it would have to cut jobs after being forced to ground its fleet during the coronavirus crisis, but did not specify the extent of the layoffs.

The Dubai carrier, the largest in the Middle East, announced in March temporary cuts of between 25 percent and 50 percent in basic salaries for most employees after halting its operations.

It employs a workforce that is around 100,000-strong, with a fleet of 270 wide-bodied aircraft.

"We reviewed all possible scenarios in order to sustain our business operations, but we have come to the conclusion that we unfortunately have to say goodbye to a few of the wonderful people that worked with us," the airline said in a statement.

"We continuously are reassessing the situation and will have to adapt to this transitional period," it said.

"We do not view this lightly, and the company is doing everything possible to protect jobs wherever we can."


Emirates said on May 10 that it would take at least 18 months for travel demand to return to "a semblance of normality", even after reporting bumper pre-pandemic profits.

The carrier had suspended flights on March 22 before resuming some services two weeks later.

Last week, it began partial regular service to a number of mostly Western airports.

The International Air Transport Association forecast in April that air traffic in the Middle East and North Africa was set to tumble this year by more than a half.

IATA said that MENA airlines' revenues in 2020 will be slashed by $24.5 billion compared to last year, and warned the region's aviation shutdown threatened some 1.2 million jobs. 

State-owned Kuwait Airways recently said it was laying off 1,500 expatriate employees, who make up a quarter of foreign staff.

Even before the coronavirus pandemic paralyzed the aviation industry, Emirates, which transported 56 million passengers last year, had slimmed its orders from both Airbus and Boeing, cutting tens of billions of dollars worth of aircraft.

The airline industry plays a key role in making Dubai a global hub for tourism and transport. 

Dubai government said in April it would inject fresh capital into Emirates to help it cope with the impact of coronavirus.

Agence France-Presse

Monday, May 25, 2020

Spain to welcome foreign tourists back from July


MADRID - Spain urged foreign tourists on Monday to return from July as one of Europe's strictest lockdowns eased, with streets gradually filling again and some pupils returning to school.

The world's second-most visited nation closed its doors and beaches in March to handle the COVID-19 pandemic, but has seen out the worst and plans to lift a 14-day quarantine requirement on overseas arrivals within weeks.

"It is perfectly coherent to plan summer vacations to come to Spain in July," Tourism Minister Reyes Maroto told radio station Onda Cero as Spain geared up to salvage a tourism industry that normally draws 80 million people a year.

The hard-hit capital Madrid was coming back to life on Monday, with people allowed back into its main Retiro park and a few bars and restaurant terraces reopening.

"This is great, I was really looking forward to it. And so was my dog!" said interior designer Anna Pardo, walking her pet in the sunshine in the Retiro.

Strolling, jogging and chatting, Madrilenos passed through the park's shaded alleys or stopped for a moment to enjoy its small lake, still devoid of the usual rowing boats.

TOURISM STOCKS GAIN

More cars buzzed through streets.

Though bars and restaurants are now allowed to open terraces at 50 percent capacity but cannot welcome clients indoors, few restarted in Madrid on Monday morning, as businesses weighed the value of catering to just a few customers.

While most pupils in Spain still need to stay home and study online, some schools reopened in the northern Basque region.

Spain has recorded 28,752 coronavirus deaths and 235,772 cases, but has seen daily fatalities drop to fewer than 100 for the last week.

The tourism minister's comments, after similar remarks by Prime Minister Pedro Sanchez, lifted shares of tourism-related stocks, including hotel operator Melia Hotels which rose 14 percent in early trading.

In half of the country, including the popular Canary and Balearic Islands, even more restrictions have been lifted as lockdown has moved one notch ahead to a phase 2. 

-reuters-

Friday, May 15, 2020

Singapore Airlines posts first annual loss on fuel hedges, COVID-19


SYDNEY -- Singapore Airlines Ltd on Thursday reported its first-ever annual loss, citing poor fuel hedging bets and the collapse in demand driven by the coronavirus pandemic, and said the timing of any recovery was uncertain.

The airline, a bellwether for premium travel in Asia, swung to a S$212 million ($149.14 million) net loss in the financial year ended March 31, down from a S$683 million profit a year earlier, in line with guidance to investors provided last week.

In the fourth quarter, it lost S$732 million, down from a S$203 million profit the prior year. Singapore Airlines did not declare a dividend and said the prospects of a recovery in international travel depended on when border controls and travel restrictions eased.

"There are few signs of abatement in the COVID-19 pandemic," the airline said in a statement. "The group will maintain a minimum flight connectivity within its network during this period, while ensuring the flexibility to scale up capacity if there is an uptick in demand."

Airline passenger traffic is not expected to return to pre-crisis levels until 2023 at the earliest and domestic markets will recovery more quickly than international travel, the International Air Transport Association said on Wednesday.

Singapore, a small city-state that lacks a domestic aviation market, is closed to transit passengers on which the airline normally relies for much of its revenue.

Singapore Airlines and regional arm SilkAir have cut 96 percent of capacity through the end of June, and low-cost arm Scoot has cut 98 percent.

The airline said in February it had entered fuel hedging contracts through March 31, 2025. A collapse in the global oil market, which has lost more than half of its value so far this year, led to big losses on those contracts, including S$710 million recorded in the fourth quarter.

Singapore Airlines said further hedging losses were likely in the current financial year.

The airline's majority shareholder, state-fund Temasek Holdings, in March agreed to underwrite the sale of S$8.8 billion of shares and up to S$6.2 billion of convertible bonds in one of the biggest rescue packages in the global aviation industry since the coronavirus crisis hit.

Singapore Airlines said on Thursday it would only tap the convertible bonds if necessary and was concurrently exploring other funding sources such as secured financing and sale-and-leaseback transactions over its airplanes.

The carrier has cut executive salaries and is in talks with manufacturers to push back deliveries of new planes as it looks to conserve cash and moderate capacity growth in the near term.

The airline's management team is due to hold a results briefing for analysts and media on Friday.

-reuters-

Sunday, May 10, 2020

Major US airlines endorse temperature checks for passengers


WASHINGTON - A major US airline trade group on Saturday said it backed the US Transportation Security Administration (TSA) checking the temperatures of passengers and customer-facing employees during the coronavirus pandemic.

Airlines for America, which represents the largest US airlines including American Airlines, United Airlines , Delta Air Lines and Southwest Airlines, said the checks "will add an extra layer of protection for passengers as well as airline and airport employees. Temperature checks also will provide additional public confidence that is critical to relaunching air travel and our nation’s economy."

A US official said Saturday no decision has been made on whether to mandate the checks, but said the issue is the subject of extensive talks among government agencies and with US airlines and added a decision could potentially be made as early as next week.

One possible route would be for a pilot project or to initially begin temperature checks at the largest US airports. Questions remain about what the government would do if someone had a high temperature and was turned away from a flight.

US officials said the temperature checks would not eliminate the risk of coronavirus cases but could act as a deterrent to prevent people who were not feeling well from traveling.

TSA Administrator David Pekoske told employees during a town hall meeting Wednesday that no decision had been made regarding possible temperature checks of passengers at airports and that questions remained about where such checks might take place and which agency might perform them.

"It’s been a discussion that’s been ongoing for several weeks now," he said.

A TSA spokesman did not immediately comment Saturday.

Frontier Airlines said on Thursday it would begin temperature screenings for all passengers and crew members on June 1 and bar anyone with a temperature at or exceeding 100.4 degrees Fahrenheit (38 C).

The move, the first among major US airlines, followed the industry mandating facial coverings for all passengers and heightened cleaning procedures to address coronavirus concerns.

The airline group said having temperature checks performed by the TSA "will ensure that procedures are standardized."

The endorsement comes amid signs of a modest travel rebound from historic lows. On Friday, TSA screened 215,444 people at airport checkpoints, the first time the number topped 200,000 since March 26. But that is still a fraction of the 2.6 million screened on the equivalent day last year. 

-reuters-

Monday, April 13, 2020

Virgin Galactic to run as a critical infrastructure business during pandemic


Billionaire Richard Branson's space tourism company Virgin Galactic Holdings Inc will keep running as a critical infrastructure business, even as many US states in which it operates have mandated business closures during the coronavirus outbreak.

"We are an aerospace manufacturer with defense and government contracts and therefore categorized as a Critical Infrastructure business," a company spokeswoman told Reuters in an emailed statement.

The company, which aims to offer the first commercial space flight later this year with Branson on board, added that a vast majority of its workforce is working from home.

Virgin Galactic's net losses widened to $73 million in the fourth quarter from $46 million in the year-ago period, it reported in its first financial results as a publicly traded company in February.

Blue Origin, founded by Amazon.com Inc Chief Executive Jeff Bezos, is also racing to be the first to offer suborbital flights to fare-paying thrill seekers.

Virgin Galactic went public after merging in October with Social Capital Hedosophia, the special-purpose acquisition vehicle run by early Facebook Inc executive and venture capitalist Chamath Palihapitiya.

Separately, Branson is seeking 500 million pounds (P31.51 billion) from the British government to bail out his Virgin Atlantic airline during the virus outbreak.

-reuters-

Friday, March 20, 2020

Lockdowns and entry bans imposed around the world to fight coronavirus


WASHINGTON/SHANGHAI/MADRID - France and Spain joined Italy in imposing lockdowns on tens of millions of people, Australia ordered self-isolation of arriving foreigners and other countries extended entry bans as the world sought to contain the spreading coronavirus.

Panic buying in Australia, the United States and Britain saw leaders appeal for calm over the virus that has infected over 156,000 people globally and killed more than 5,800.

Several countries imposed bans on mass gathering, shuttered sporting, cultural and religious events, while medical experts urged people to practice "social distancing" to curb the spread.

Austria's chancellor urged people to self-isolate and announced bans on gatherings of more than 5 people and further limits on who can enter the country.

All of Pope Francis' Easter services next month will be held without the faithful attending, the Vatican said on Sunday, in a step believed to be unprecedented in modern times.

The services, 4 days of major events from Holy Thursday to Easter Sunday, usually draw tens of thousands of people to sites in Rome and in the Vatican.

Australian Prime Minister Scott Morrison said from midnight Sunday international travellers arriving in the country would need to isolate themselves for 14 days, and foreign cruise ships would be banned for 30 days, given a rise in imported cases.

Australia's latest restrictions mirror those announced by neighboring New Zealand on Saturday.

TRAVEL BANS, AIRLINE CUTBACKS

Donald Trump tested negative for the coronavirus, his doctor said on Saturday, as the US president extended his country's travel ban to Britain and Ireland.

Last week, Trump had met a Brazilian delegation in which at least one member has since been tested positive.

Travel restrictions and bans, and a plunge in global air travel, saw further airline cutbacks, with American Airlines Inc planning to cut 75 percent of international flights through May 6 and ground nearly all its widebody fleet.

China tightened checks on international travellers arriving at Beijing airport on Sunday, after the number of imported new coronavirus infections surpassed locally transmitted cases for a second day in a row.

Anyone arriving to Beijing from abroad will be transferred directly to a central quarantine facility for 14 days for observation starting March 16, a city government official said.

China, where the epidemic began in December, appears to now face a greater threat of new infections from outside its borders as it continues to slow the spread of the virus domestically.

China has reported 80,984 cases and 3,203 deaths. The country imposed draconian containment policies from January, locking down several major cities.

LOCKDOWNS, STAY HOME

Spain put its 47 million inhabitants under partial lockdown on Saturday as part of a 15-day state of emergency to combat the epidemic in Europe's second worst-affected country after Italy.

Streets in Madrid and Barcelona were deserted on Sunday. All major newspapers carried a front-page wrapper emblazoned with a government-promoted slogan: "Together we'll stop this virus."

Spain has had 193 deaths from the virus and 6,250 cases so far, public broadcaster TVE said on Sunday.

France will shut shops, restaurants and entertainment facilities from Sunday with its 67 million people were told to stay home after confirmed infections doubled in 72 hours.

French Prime Minister Edouard Philippe said the government had no other option after the public health authority said 91 people had died in France and almost 4,500 were now infected.

"We must absolutely limit our movements," he said.

However, French local elections went ahead.

"I am going to vote and keep living my life no matter what. I am not scared of the virus," said a 60-year-old voter, who asked to be identified only as Martine, at a Paris polling station.

Britain is preparing to ban mass gatherings and could isolate people aged over 70 for up to 4 months as part of plans to tackle coronavirus, Health Secretary Matt Hancock said.

Argentina banned entry to non-residents who have been to any country highly affected by coronavirus in the last 14 days, while Colombia said it would expel four Europeans for violating compulsory quarantine protocols, hours after closing its border with Venezuela.

Starting Sunday, South Korea began to subject visitors from France, Germany, Britain, Spain and the Netherlands to stricter border checks, after imposing similar rules for China, Italy and Iran which have had major outbreaks.

Visitors from those countries now need to download an app to report whether they have symptoms. South Korea has been testing hundreds of thousands of people and tracking potential carriers using cell phone and satellite technology.

source: news.abs-cbn.com

Sunday, March 15, 2020

UK warns Brits not to travel to PH, as COVID-19 fears remain


The United Kingdom on Saturday advised its citizens not to travel to the Philippines, unless their trip is considered "essential."

The Foreign and Commonwealth Office cited the impact of the Philippine government measures being carried out to contain the 2019 novel coronavirus (COVID-19) as the reason for that decision. 

According the UK foreign affairs office, more than 200,000 British nationals visited the Philippines in 2018, most of which were "trouble-free."

source: news.abs-cbn.com

Wednesday, March 11, 2020

Coronavirus wipes $70 billion off world's listed airlines


LONDON -- The rapid spread of coronavirus has wiped almost a third - or $70 billion - off the world's top 20 listed airlines and reshuffled global rankings, elevating Air China into third place behind US rivals, an analysis by Reuters shows.

The airline sector has been hit hardest by the outbreak of coronavirus, with falling ticket demand and Italy in lockdown forcing carriers to cancel routes and slash costs to survive the mounting crisis.

With the investor sell-off accelerating, United Airlines has lost its number three position in the global line-up to Air China.

The US carrier's market capitalization has halved to $11.6 billion, the lowest since 2003, since the start of the year, leaving it also lagging behind Europe's low-cost carrier Ryanair.

Air China has been relatively unscathed - its market cap was $15 billion on Tuesday, compared with $19 billion on Jan. 2.

The scale of the rout has been breathtaking.

Wizz Air, a budget carrier focused on central European routes, is now more highly valued than Air France-KLM, and the world's most valuable airline, Delta Air, has seen more than $10 billion knocked off its value this year, taking its market cap to about $28 billion, the lowest since September 2016.


source: news.abs-cbn.com


Monday, March 2, 2020

American Airlines waives change fees as United braces for new flight cancellations


WASHINGTON - American Airlines Group Inc said on Sunday it was waiving change fees on all newly purchased tickets amid declining air travel demand because of the new coronavirus outbreak.

The largest US airline said it would waive change fees up to 14 days before travel for customers who purchase tickets between Sunday and March 16.

JetBlue Airways Corp said last week it would suspend change and cancellation fees for new flight bookings between Feb. 27 and March 11.

American Airlines shares have fallen 37 percent since Feb. 13.

United Airlines Chief Executive Oscar Munoz told employees the US airline would likely need to cut additional flights in the wake of sagging demand because of the coronavirus outbreak, the airline confirmed on Sunday.

In an email late on Saturday to employees, Munoz noted the carrier had cut flights to Asia and suspended service to mainland China and Hong Kong through April 30.

"We are strategically managing our Atlantic and domestic service, mindful of travel directives from the federal government, fluctuating demand and of course, the advice of public health experts. Based on current trends, it is likely that additional schedule reductions will be necessary," Munoz said. The email was reported earlier by CNBC.

On Friday, United canceled its investor day that was set for March 5, saying it is not "practical to expect that it can have a productive conversation focused on its long-term strategy next week.” It will reschedule for September.

Chicago-based United already withdrew its 2020 guidance last week because of the uncertainty over the duration and spread of the virus. It warned that near-term demand to China has almost disappeared, with demand for the rest of its trans-Pacific routes down by 75 percent. 

source: news.abs-cbn.com

Sunday, March 1, 2020

Gatherings banned, travel restricted as coronavirus cases grow worldwide


WASHINGTON - Leaders in Europe, the Middle East and the Americas rolled out bans on big gatherings, and stricter travel restrictions as cases of the new coronavirus spread around the world.

The United States on Saturday reported its first death from the disease, a Washington state man in his 50s. Two of the state's three cases have links to a nursing home, state officials said, where dozens of residents have symptoms of the disease.

US President Donald Trump and top officials said in a White House press briefing that travelers from South Korea and Italy would be subject to additional screening, and warned Americans against traveling to coronavirus-affected regions in both countries.

US Vice President Mike Pence said a ban on travelers from Iran entering the country would be expanded to include any foreign nationals who have visited Iran in the last 14 days. The United States may also restrict travel on its southern border with Mexico, officials said.

However, they encouraged Americans to travel around the country, including to states where some of the country's more than 60 cases of the disease have been recorded.

The outbreak is disrupting demand for flights and many airlines have suspended or modified services in response. After Saturday's press conference, the White House held a call with airlines to discuss new travel restrictions.

NEW CASES

Ecuador on Saturday reported its first case, in a woman who had traveled from Madrid, while Mexico reported four cases, all in people who had visited Italy.

Brazilian officials confirmed that country's second case, a patient in São Paulo who recently visited Italy.

As governments worldwide stepped up efforts to halt the spread of the virus, France announced a temporary ban on public gatherings with more than 5,000 people in confined spaces. It reported 16 new cases for a total of 73, and canceled a half-marathon of 40,000 runners scheduled for Sunday.

Switzerland said it is banning events expected to draw more than 1,000 people.

More than 700 tourists remain quarantined at a hotel in the Canary Islands, after several Italian guests there tested positive for coronavirus.

Schools and universities in Italy, which is experiencing Europe's worst outbreak of the disease, will stay closed for a second consecutive week in three northern regions. The country has reported some 900 cases and 21 deaths.

Analysts have warned that the outbreak looks set to shunt Italy's fragile economy into its fourth recession in 12 years, with many businesses in the wealthy north close to a standstill and hotels reporting a wave of cancellations.

FOCUS ON IRAN

Iraq reported five new cases of the disease, bringing its total to 13, and Qatar reported its first Saturday, leaving Saudi Arabia as the only Gulf state not to have signaled any coronavirus cases.

The majority of infections in other Gulf countries have been linked to visits to Iran or involve people who have come into contact with people who had been there.

Tehran has ordered schools shut until Tuesday and extended the closure of universities and a ban on concerts and sports events for a week. Authorities have also banned visits to hospitals and nursing homes as the country's case load hit nearly 600.

One Iranian lawmaker, elected in Feb. 21 polls, has died from the disease along with more than 40 other Iranians, and several high-ranking officials have tested positive for the virus.

Azerbaijan said on Saturday it had closed its border with Iran for two weeks to prevent the spread of coronavirus. Two Azerbaijanis who traveled to Iran have tested positive for the disease and quarantined.

Mainland China reported 573 new confirmed coronavirus cases on Feb. 29, up from 427 on the previous day, the country's health authority said. The number of deaths stood at 35, down from 47 on the previous day, and bringing the total death toll in mainland China to 2,870.

The epidemic, which began in China, has killed almost 3,000 people worldwide, the ministry said.

source: news.abs-cbn.com

Friday, February 14, 2020

Virus could mean $5 billion in airline losses: UN agency


MONTREAL, Canada - The new coronavirus outbreak could mean a reduction of $4 to 5 billion in worldwide airline revenue, the International Civil Aviation Organization (ICAO) said Thursday. 

The UN agency reported that 70 airlines have canceled all international flights in and out of China and 50 others have reduced their operations. 

Preliminary estimates show this has meant a reduction of nearly 20 million passengers compared to expectations for the first quarter of 2020. 

That figure equates to potential lost revenue of up to $5 billion, the agency said.

The virus has killed 1,483 people in China and infected more than 64,600 there. Overseas, nearly 600 cases have emerged in around 30 locations

"Prior to the outbreak, airlines had planned to increase capacity by 9 percent on international routes to/from China for the first quarter of 2020 compared to 2019," ICAO said in a statement.

The reality has been a reduction in foreign airline traveler capacity of 80 percent. 

Japan looks to be hardest-hit from a reduction in Chinese air travelers in the first quarter, ICAO said. The country could lose $1.29 billion in tourism revenue, with Thailand not far behind at a $1.15 billion loss potential. 

ICAO said the effects of the COVID-19 virus outbreak on the airline industry are expected to be larger than the 2002-2003 SARS epidemic because flight cancellations are more widespread this time. 

In addition, China's international air traffic has doubled and its domestic air traffic increased 5-fold in the last 17 years. 

Chinese authorities have locked down Hubei province, the virus epicenter, and have restricted movements in several cities as part of an unprecedented effort to contain the virus.

Britain, Germany, the US, Japan and others have advised against travel to China. 

source: news.abs-cbn.com