ETIHAD AIRWAYS AND GULF AIR ANNOUNCE STRATEGIC COMMERCIAL COOPERATION AGREEMENT

Etihad Airways, the national airline of the United Arab Emirates, and Gulf Air, the national carrier of the Kingdom of Bahrain, have signed a Strategic Commercial Cooperation Agreement (SCCA) to deepen their partnership between Abu Dhabi and Bahrain and beyond the respective hubs.  The wide-ranging SCCA, subject to obtaining applicable governmental and regulatory approvals, sets out specific actions for deepening and broadening commercial cooperation, building on the Memorandum of Understanding (MOU) the airlines signed in 2018. The SCCA envisages a phased approach to closer collaboration between the partners. In the first phase, by June 2021, the scope of the partners’ … Continue reading ETIHAD AIRWAYS AND GULF AIR ANNOUNCE STRATEGIC COMMERCIAL COOPERATION AGREEMENT

2020 Worst Year in History for Air Travel Demand

The International Air Transport Association (IATA) announced full-year global passenger traffic results for 2020 showing that demand (revenue passenger kilometers or RPKs) fell by 65.9% compared to the full year of 2019, by far the sharpest traffic decline in aviation history. Furthermore, forward bookings have been falling sharply since late December. International passenger demand in 2020 was 75.6% below 2019 levels. Capacity, (measured in available seat kilometers or ASKs) declined 68.1% and load factor fell 19.2 percentage points to 62.8%. Domestic demand in 2020 was down 48.8% compared to 2019. Capacity contracted by 35.7% and load factor dropped 17 percentage … Continue reading 2020 Worst Year in History for Air Travel Demand