The airline has faced a staggering downturn in its fortunes because of Covid19, possibly more than many others. With load factors dow to barely 38% its made no bones about the fact its struggling to get through this hard time.
Capacity based on ‘available seat kilometres’ or ASK’s shrank 99.6% revenue by 99.8%.
In the second quarter of the year Air Asia X flew just 146 flights and most of those were cargo. Its total passengers was just 2,291 for the entire quarter.
The airline has basically mothballed itself, waiting for better days and return to normality, but nobody knows when that’s going to happen and it sits on 38 A330’s across its Thai and Malaysian arms, with two more Indonesia, although they’ve been grounded since 2019.
Flying from ten airports around Germany and Switzerland, Tui has reactivated over half of its 737 fleet.
It claims to have flown over 2,000 flights and 21 of its 39 737’s are back in service, moving over 250,000 passengers, mostly to holiday destinations.
The Covid safety measures mean previous half hour turn around times are now up to 60 minutes, allowing slower boarding and keep distancing as viable as possible between passenger groups who tend to travel as families.
Tui is to end all of its separate airline operations in Europe and register them all as a single entity in Hannover, Germany, to simplify its European operations. It didn’t say if its UK operation would face the same fate, with Brexit becoming fully implemented at the end of this year after its 12 month transition period. .
Qantas, having already announced it was sending most of its 787’s to storage in the United States, joining the companies A380’s, was looking forward to a swift and substantial income injection through a share rights issue of A$500 million.
It seems nobody was overly keen to invest in the airline and it raised just A$71.7m (US$51.4m).
The amount raised is a bitter blow, as even getting that much is said to have been difficult. Right now, few people see the medium term future of airlines as even vaguely able to offer a return on their investment.
AirArabia has fallen into sharp losses for the first half of 2020, racking up US$69m in debts.
Passenger figures fell 57% while revenue fell 53%. Some question of the ailrine can survive without state aid.