DELTA NEWS - AIRLINE MERGER | Aviation News

Hello and Welcome It’s been a really slow start to the week with no major breakout stories happening. However, when many little developments occur it always makes for an honest today aviation newsweekly with some dire financial results over at Delta who announced their Q3 results which are pretty bleak, this is something you’d be already ready to imagine however now we've firm confirmed with the numbers it truly highlights that. Delta has announced a pre-tax loss of some 6.9 billion on revenue that totals at US 3.1 billion. 

However, with an adjusted pre-tax loss of 2.6 billion. Ultimately the adjusted revenue which is at 2.6 billion may be a decline of 79% over the prior year. Delta is slowly improving over their Q2 results, however, things remain as mentioned earlier bleak. It’s not an exactly pleasant position that they find themselves in to mention the smallest amount. The carrier is lucky though that it's something a number of airlines aren’t ready to have and that is a solid amount of liquidity that stands currently at the top of the September quarter so Q3 at US 21.6 billion. However, cash burn every day averaged at US24 million for Q3 together but only for every day in September it had been at US 18 million. Delta also provided a spreadsheet that highlights when specific types are going to be leaving the fleet and at the time of recording and time of the press release what percentage of every is remaining. The carrier will have phased out some 383aircraft come the top of 2025 with aircraft types just like the 777, 767, MD-90, A320, CRJ-200, and more all on the cutting board so as to stay the airline as efficient as possible moving forward with the adjusted demand.

Delta CEO said While our September quarter results demonstrate the magnitude of the pandemic on our business, we've been encouraged as more customers travel and that we are seeing a path of progressive improvement in our revenues, financial results, and daily cash burn. The actions we are taking now to require care of our people, simplify our fleet, improve the customer experience, and strengthen our brand will allow Delta to accelerate into a post-COVID recovery. Lufthansa has announced some changes to its winter timetable which runs through to the top of March in 2021 and this may see 4 AirbusA350-900s that are parked be brought back to life to serve destinations within the UnitedStates from its hub in Frankfurt. 

These flights which will see the a350 are replacing the Boeing 747-8 which would’ve been flying these routes for the amount of your time as mentioned through to March of 2021. Finally, on top of this, the A350 will also be placed on the Frankfurt to Tokyo service in situ of the A340. Decisions that while highlighting the return of some services for nationals and permitting restrictions on international travel the absentees are the likes of the A340 which has been retired and therefore the 747-8, which while is staying on is deemed just like the A340 and A380 as not the foremost efficient option for these services moving forward, especially during a tike where the worldwide pandemic is extremely present. The A350 fleet consists of 16 Munich-based aircraft, however, as they note in their handout thanks to the huge reduction in travel demand they're going to initially fly in need of half that, at just 7 A350s out of Munich to North America and Asia. Moving across to now the Canadian aviation sector, there’s been an update surrounding the acquisition of Air Transit by Air Canada. 

This was announced back in June of 2019 and at the time Air Canda was getting to be paying some 13 dollars per share with a complete purchase price of around 520 million dollars. However, that was only their initial offer and this was eventually upped to some 720 million with them paying 18 dollars per share. With the worldwide pandemic now impacting things greatly Air Canada is saving quite a lot of cash. They’ll be wiping some 8 dollars off each share from their initial for Air Transit and now pay $5 per share with a complete value of the purchase of Air Transit being at 190 million. The negotiations are natural as Air Canada had not actually finalized the deal so there was always getting to be room for things to adjust, however, without the worldwide pandemic I feel personally it’d be pretty safe to assume that the savings naturally wouldn't amount to what they need to be done. 

The Air Canada CEO commented on the deal saying the following during a handout COVID-19 has had a devastating effect on the global airline industry, with a cloth impact on the worth of airlines and aviation assets. this mix will provide stability for transit's operations and its stakeholders and can position Air Canada, and indeed the Canadian aviation industry, to emerge more strongly as we enter the post-COVID-19 world. It’s a move that seems to profit Air Canada and obviously the staff at Air Transat as many would ponder just how the airline would survive by itself. As for the way Air Canada uses this new acquisition is still remains to be seen officially but if you've got any thoughts don't hesitate to drop them below. Moving back to Australia, the country has announced that it's planning on remaining closed essentially at the foremost for an additional year, that meaning they’ll keep all international borders closed through to the top of 2021while allowing citizens returning range in gradually but again which will depend greatly on the caps being set and therefore the actual ability for passengers to urge back home. The country closed its borders back in March of 2020. Travel bubbles are likely though going to occur between the likes of Australia and New Zealand aside from that say tourists coming from America or Europe are going to be refused entry. many thanks considerably once more for the continued support you’ve