Airbus A220 Program Sees Positive Outlook Despite Industry Turmoil
Despite industry turmoil, the Airbus A220 family continues to grow as more units are delivered.
Click Like to Follow Fliegerfaust Facebook page to get the News ASAP / Share to share this post now.
Order the mug you see above: https://pixels.com/featured/first-airbus-a220-300-...
The global airline industry began 2020 anticipating strong growth and robust profitability. With the onset of the COVID-19 pandemic, governments imposed draconian travel restrictions that included border closures and mandatory quarantines.
As the contagion spread, customer confidence was crushed. This resulted in a precipitous drop in passenger traffic and devastating financial performance.
In their efforts to minimize cash outflows, airlines have been shrinking their networks by reducing frequencies on routes and dropping destinations. This has lead to the premature retirement of aircraft types, the storage of surplus airplanes, deferred deliveries of new equipment and order cancellations.
The fiscal quarter ended Sept. 30 is traditionally the most profitable for Canadian airlines.
Given Air Canada's significant position, its Q3/20 results were likely an accurate proxy for the industry's current state of financial health. During that period, Air Canada experienced a 91 per cent decline...
- Exclusive: Airbus Working On More Than One New A220 Models ... ›
- Airbus A220 - New Airline's Jets To Be Built In Mobile - Breeze Airways ›
- Bad News, Travelers: Airline Fatalities are Up 900 Percent This Year ... ›