Thread on the current scenario of 100 years old industry of AVIATION:

- Virgin fires more than 3,000 people including 600 Pilots
- Virgin Australia files for Bankruptcy
-Thai Airways files bankruptcy
- Air Mauritius goes into Administration
- South African Airways Bankrupt (1/n)
- Finnair returns 12 planes and lays off 2,400 people
- YOU grounds 22 planes and fires 4,100 people
- Ryanair grounds 113 planes and gets rid of 900 pilots for the moment, 450 more in the coming months
- Norwegian completely stops its long-haul activity!!! The 787s.... (2/n)
...are returned to the lessors
- SAS returns 14 planes & fires 520 pilots, Scandinavian states are studying a plan to liquidate Norwegian & SAS to rebuild a new company from their ashes
- Etihad cancels 18 orders for A350, grounds 10 A380 & 10 Boeing787. Lays off 720 staff(3/n)
- Emirates grounds 38 A380s and cancels all orders for the 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 pilots, another wave of 430 layoffs... (4/n)
...planned in the coming months. Remaining employees will see their wages reduced by 30%
- IAG (British Airways’ parent company) abandons the takeover of Air Europa (and will pay €40 million compensation for that)
- IAG (Iberia) grounds 56 planes (5/n)
- IAG (British Airways) grounds 34 planes. Everyone over 58 to retire
- Luxair reduces its fleet by 50% (and associated redundancies)
- CSA abolishes its long-haul sector and keeps only 5 medium-haul aircraft
- Eurowings goes into Bankruptcy
- Brussels Airline reduces its fleet by 50% (and associated redundancies)
- Lufthansa plans to ground 72 aircraft (in 2 installments)
- Hop is studying the possibility of reducing fleet and staff by 50% (7/n)
Additional info:

Currently, 60 new aircraft stored at Airbus with no buyers in sight (order cancellations) including 18 A350s

They forecast a minimum of 8,000 grounded planes by September. With an average of 5.8 crews per plane (medium and long haul combined),.... (8/n)
.......that would make more than 90,000 unemployed pilots worldwide

The Air Transport Industry is on Life Support! (9/9)
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