Qatar Airways Group has turned in a pre-tax loss of QR6.96 billion ($1.9 billion) and a net loss of just over QR7 billion, for a financial year that concluded before the airline industry felt the broad impact of the coronavirus crisis. The Doha-based carrier says that, at the end of the fiscal year on 31 March 2020, its accumulated losses had exceeded 50% of its share capital – requiring the convening of an extraordinary general meeting. This was held on 24 September, during which the Qatari government provided an advance of QR7.3 billion to the company through an issue of 730 million shares. While the coronavirus crisis has led to “significant operational restrictions” on the carrier, the company says that – based on the equity injection, the availability of external funding, and other measures taken – its management has prepared its accounts on a going-concern basis Qatar Airways Group generated passenger revenues of QR37 billion, up by nearly 9%, for the 2019-20 fiscal year, which ended about four weeks after Qatar’s government reported the first case of coronavirus in the Gulf state. Cargo revenues for the period declined slightly to QR9.9 billion. Qatar Airways Group’s overall operating income of QR51.1 billion was outweighed by expenditure amounting to QR52.2 billion, leading to an operating loss of QR1.3 billion, its newly-released financial statements for 2019-20 show. While the pandemic had only just started to affect air transport, Qatar Airways remained subject to a regional blockade by several Middle Eastern states during the year. The carrier had a fleet of 265 aircraft at the close of the year, comprising 212 passenger models, 28 freighters and 25 executive jets. At the time it had commitments for another 201 aircraft, with total capital commitments of QR208 billion for aircraft and engine purchase. Qatar Airways Group says the year was “one of the most difficult” in its history, owing not only to the blockade but the liquidation of Air Italy in which the company had been a shareholder. It claims that the group’s operating and net results would have improved on the previous year’s without the various exceptional items with which it has had to cope. Group chief executive Akbar Al Baker says the company has remained “resilient”, with a cash balance of QR7.2 billion at the end of the fiscal year. The company had total assets of QR127 billion and liabilities of QR99 billion. Qatar Airways Group says it has achieved “significant progress” with a three-year transformation plan, on which it had embarked before the coronavirus crisis. “I have every confidence that the Qatar Airways Group will emerge stronger from this difficult period and continue to innovate and set the standards that our competitors can only hope to emulate,” says Al Baker. Qatar Airways claims its network has never fallen below 30 destinations for the duration of the pandemic. But the carrier has parked its fleet of Airbus A380s, having turned to its fleet of nearly 80 Airbus A350 and Boeing 787s to maintain long-haul connections.

Source: Cirium

Boeing is developing updated software for 787s to correct an erroneous localiser mode behaviour during ILS approaches. The US FAA is advising operators of the three 787 variants to notify crews about potential failure by the autopilot flight-director system to capture the localiser, notably during intercept of the localiser at angles of 40° or more. Several incidents have occurred involving 787s flying approaches to Hong Kong from the east, and the FAA says operators should incorporate "at the earliest opportunity" actions outlined in an operations manual bulletin. Flight data from the incidents shows that flight-director system guidance partially reduced the intercept angle to the localiser, with the aircraft initially turning towards the localiser heading but then stopping short and flying a constant heading. This resulted in the aircraft intercepting the runway axis at an angle of 20-30°, says the FAA in a 24 September bulletin. "Airplanes continued through the localiser at a heading not aligned with the runway centreline," it says. Both localiser and glideslope modes were engaged, and the flight-mode annunciator on the primary flight display continued to show the active roll mode as ‘LOC’ – for ‘localiser’ – without any indication of capture failure. The flight-director system provided guidance to descend on the glideslope, which meant the aircraft continue to deviate from the centreline and descend on the wrong heading. In all the events the deviation from the localiser was accurately shown by both the localiser pointer and scale on the primary flight display as well as the aircraft symbol on the navigation display. Boeing has previously issued, in December last year, an operations bulletin on the issue and operating instructions for the autopilot flight-director system during ILS, reinforcing procedures and training. Hong Kong authorities had also warned 787 operators of possible adverse autopilot behaviour during localiser capture, notably on approach to runways 25R and 25L. The anomaly, they stated, could result in aircraft flying in proximity to high terrain, and that crews should climb back to minimum sector altitude and conduct a missed approach if in doubt. Air Canada, Virgin Atlantic, Ethiopian Airlines, and Etihad Airways have all experienced 787 misbehaviour during ILS approaches to the Asian hub.

Source: Cirium

IATA will move its annual general meeting — traditionally the biggest event in the airline calendar — online, as the coronavirus outbreak continues to preclude large scale physical meetings. The airline trade body had initially rescheduled the meeting, to be held in Amsterdam and hosted by KLM, from June to November, in light of the pandemic. Says IATA director-general Alexandre de Juniac: “When we postponed this year’s AGM from June until November, it was with the expectation that government restrictions on travel would have been sufficiently eased to enable a physical meeting. That now seems unlikely and alternative plans for a virtual event are being activated.” IATA has also cancelled this year’s edition of the World Air Transport Summit that accompanies the AGM. Despite the change in plans, de Juniac says the meeting is still an important one, given how the industry is in turmoil. “This will be one of our most important AGMs. The industry is in the deepest crisis in its history. And it is more important than ever for the industry to have this meeting serve as a rallying call of resilience as we find solutions to safely open borders and re-establish global connectivity, ensure vital cargo lanes; and build a sustainable future from the destruction of the virus,” he adds.

Source: Cirium