(Updates with SAS, Air France, Adds Switzerland, Condor, Lufthansa)
May 5 (Reuters) - Governments have so far offered more than $100 billion in financial aid to airlines as the industry struggles
under severe pressure from coronavirus crisis, fleet groundings and revenue loss.
Here is some of the support offered (in chronological order):
DATE COUNTRY SUM OF BAILOUT FORM OF SUPPORT AIRLINES TO BENEFIT STORY CURRENT STATE SECTOR OF OPERATIONS SIZE
3/16/2020 Russia part of 300 bln rouble tax break Aeroflot Combined
fund for Russia ($4 /Russian passenger
bln) airlines traffic numbers of Russia’s 30 biggest airports decreased by 75% year-on-ye ar, the Internatio nal Airport Associatio n said
Sweden/Denm SEK 3.3 billion credit SAS Grounded most In Feb
3/17/2020 ark ($334.45 million) guarantee of its fleet 2.63 mln and passengers temporarily flew via laid off 90% Sweden’s of staff 10 airports, down 6 % yoy
3/18/2020 Italy 500 mln euros ($545 takeover Alitalia Italian
mln) airports had 43.6 mln passenger traveling trough in Q4 2019
3/19/2020 Norway NOK 3 bln ($270 mln) credit Norwegian Air Canceled 85% Number of
guarantee of its passengers flights and traveling temporarily via laid off Norwegian 7,300 airports employees. fell 93% yoy in the week to March 29 totalling 70,000
3/19/2020 Norway NOK 1.5 bln ($146 mln) credit SAS Grounded most
guarantee of its fleet and temporarily laid off 90% of staff
3/19/2020 New Zealand NZ$900 mln ($514 mln) loan Air New Zealand Cut long-haul New capacity by Zealand 85% in the main coming months airport and the Auckland domestic reported network by 1.9 mln 30% in April passengers and May in January
3/20/2020 Finland 600 mln euros($645 loan guarantee Finnair Cancels most In 2019,
mln) of flights 26 million until the end passengers of June flew via Finnish airports
3/20/2020 Iceland up to ISK 700 mln direct pay Icelandair In
($717,000) February, 2020, 437,000 passengers have flown through Icelandic airports
3/26/2020 United $58 bln grants and Delta Air Delta cut In
States loans Alaska Air domestic January,
United Airlines capacity by 70.5 mln
American Airlines 10% to 15% passengers
Southwest and traveled international on U.S. by 20% to 25% airlines United slashed its international schedule by 95% for April. American Airlines to cut 75% of its international flights through May 6 and ground nearly all its wide body fleet.
3/27/2020 Singapore S$19 bln ($13 bln) bridge loan Singapore Airlines Cut capacity Changi by 96% Airport passenger traffic fell 32.8% in February, totaling 3.45 mln
3/31/2020 EU N/A tax relief Air France-KLM Parked its biggest airliners and slashed services by up to 90%
4/6/2020 United GBP 600 million commercial EasyJet Grounded its According
Kingdom ($740.82 million) paper fleet of 344 to planes and NATS,the laid off its trafic on 4,000 April 2 UK-based was down cabin crew 89% yoy to for two 832 months flights a day in the UK.
4/24/2020 France EUR 7 billion ($7.61 loans and Air France-KLM Parked its
billion) guarantees biggest airliners and slashed services by up to 90%
4/27/2020 Germany EUR 550 million loans Condor Condor planes
(state of ($595.98 million) unable to
Hesse) fly, grounded its fleet
4/29/2020 Switzerland Nearly CHF 1.9 billion State backed Swiss Zurich
($1.96 billion) loans Edelweiss airport operator Flughafen Zuerich saw flight and passenger movements fall more than 95% in the first two weeks of April
5/3/2020 Germany negotiating a EUR 10 loans and Deutsche Lufthansa Cut long-haul In January
billion ($10.84 possible stake capacity by and
billion) bailout up to February, 90%,grounded a total of 700 planes, 30,475,523 and said it passengers would only have flown operate 20% through of planned German intra-Europe airports flights
($1 = 0.8099 pounds)
($1 = 9.8670 Swedish crowns)
($1 = 0.9707 Swiss francs)
($1 = 0.9197 euros)
(Compiled by Tommy Lund and Jagoda Darlak in Gdansk
Editing by Tomasz Janowski)
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