Luxembourg Airlines

Luxembourg Airport is your ideal travel hub in the heart of Europe. Below is all the information you need to find about

airlines at Luxembourg Airport and the destinations we fly to. Europe has never been more connected.

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Luxembourg Airlines

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Throughout this period, US airlines alone burned an average of US$5.7b per month after adding over US$60b in collective debt.1 This financing has been used merely to sustain operations and cover cash burn instead of more traditional uses such as the enhancing the passenger experience, improving efficiency, or other investment. Even after a safe and effective vaccine is widely available, the airline industry will have significantly more debt in parallel with a smaller operation and near-term reductions in passenger demand.

In most cases, the initial response from airlines to the shock of COVID-19 centered around safeguarding business continuity and effective crisis response planning, including government support, protecting people and workforce, securing short- to mid-term financial stability and continuing operations. Airlines retreated to core networks, cut capacity to nearly 20% of 2019 levels, eliminated all nonessential spend and accelerated the retirement of older aircraft. While demand stabilized through the latter half of 2020 and into early 2021 at around 55% of pre-COVID levels, these retirements and other cost cutting measures enacted by airlines, coupled with significantly increased debt levels will impact their operating models for decades to come.

The COVID-19 pandemic is testing the resilience of organizations and adding increasing pressure on systems, plans and operations. The anticipated slower pace of recovery and broader transformational change within the sector will also challenge airlines to be agile and ignite their recovery through business adaptation and stronger enterprise resilience.

Just as the industry is broad, so too is the solution set. There is no one-size-fits-all response to COVID-19 for airlines. Even well-performing, well-capitalized companies are experiencing disruption, unable to operate business as usual. The recovery timeline for each segment of the market will differ, with carriers that are more focused on domestic or short-haul leisure travelers likely arising as the early winners. Country by country differences in vaccine acceptance and distribution rates will also result in varying recovery timelines and international travel recovery lagging behind that of domestic travel.

The factors impacting any recovery also inform the strategy for airlines as they plan to emerge from the COVID-19 crisis. While much is uncertain, one thing is sure: with a vaccine on the horizon, airlines need to begin to move their focus beyond the downturn and plan for recovery. Airlines should consider both their relative performance prior to the onset of COVID-19 and their potential to resume normal operations quickly based on their role in the market as they plot out their recovery strategy.

The COVID-19 pandemic has had a significant impact on airline profitability and liquidity and has not been factored into current airline business planning. Three notable impact include an overall decrease in volumes, profitability and liquidity compared to pre-pandemic levels. Seasonal cash troughs are likely to be amplified as airlines develop an increased dependency on leisure travel. As a result, airlines are facing reduced capital to address the sustainable fuels transition and technology investment required to build a long-term security.

Despite the continued rollout of COVID-19 vaccines worldwide, the disruption caused by the pandemic is unlikely to end any time soon. The temporary elimination in demand for air travel has sent shockwaves through the entire aerospace ecosystem and the long-term impact will be significant. There are four key steps that airlines should consider to best position themselves for the short- and medium-term.

Luxembourg Airport is a boutique airport that strives to offer you the quality and standards of a large hub airport with the shortcuts, comfort, and efficiency of a regional one. Luxembourg airport is the only international airport in Luxembourg and the Greater Regions gateway with more than 100 non-stop flight destinations and currently 12 different airlines. Before the pandemic in 2019, passenger numbers were at 4.4 million. Figures are not 100 percent back, but the traffic is recovering, 4.05 million passengers passed through the airport in 2022. Regarding Cargo, Luxembourg airport is one of the major players in Europe, always in the top ten list of Europeans Cargo Airports. In 2022 a total volume of 975,000 tonnes of cargo was handled at Luxembourg Airport. The full freighter airline Cargolux and the national airline Luxair Luxembourg Airlines have their home base at Luxembourg Airport. www.lux-airport.lu

Luxair, like many other airlines, does not take decisions to purchase new aircraft lightly. The airline believes that the MAX 8 is the optimal aircraft for the airline's future. The most significant advantage that the 737-8 brings to Luxair is its reduced fuel consumption.

Our aviation and restructuring lawyers Duncan Batchelor, Owen Mulholland, David Rosenzweig and Fiona Henderson discuss the unique challenges and issues that arise when restructuring airlines and aviation leasing companies with the focus on the use of Chapter 11 and the Cape Town Convention. 17dc91bb1f