Tough times ahead
Overseas news summary from a UK colleague:
Latest news
-Virgin Atlantic fires more than 3000 people including 600 PNT
-Finnair returns 12 planes and lays off 2,400 people
-You makes 22 planes and fires 4,100 people
- Ryanair grounds 113 planes and gets rid of 900 PNT contractors for the moment, 450 more in the coming months
- Norwegian completely stops its long-haul activity !!! The 787 are returned to the lessors
- SAS deletes 14 planes and licenses 520 PNTThe Scandinavian states are studying a plan to liquidate Norwegian and SAS to rebuild a new company from their ashes- Ethiad cancels 18 orders for A350, groundes10 A380 and 10 Boeing 787, so far 720 redundancies
- Emirate grounds 38 A380, cancels all orders for Boeing 777x (150 aircraft, the largest order for this type). They "invite" all employees over 56 to retire
- Wizzair returns 32 A320s and lays off 1,200 people, including 200 PNTs, another wave plans 430 layoffs in the coming months. Remaining employees will see their wages reduced by 30%
- IAG: abandons the takeover of Air Europa (and will pay 40 million compensation for that), they are considering the closure of Level France. Iberia: 56 ground planes, British Airways 34 ground planes. Everyone over 58 at IAG should be retired
- Luxair reduces its fleet by 50% (and associated redundancies)
- CSA abolishes its long-haul sector and keeps only 5 medium-haul aircraft
- Eurowings in bankruptcy
- Brussels Airline reduces its fleet by 50% (and associated redundancies)
- Luftansa plans to ground 72 aircraft (in two installments)
- Hop is studying the possibility of reducing fleet and staff by 50%
Additional info:
Currently 60 new aircraft stored at Airbus with no buyer in sight (order cancellations) including 18 A350s
In September, they predict a minimum of 8,000 ground planes. With an average of 5.8 crews per plane (medium and long haul combined), that makes more than 90,000 unemployed pilots worldwide. I'll let you do the calculations for the cabin crew.