Business

Airbus cuts production by one third due to pandemic

European aircraft manufacturer Airbus on Wednesday said it had cut production of its planes by around a third, as global airlines scale back their plans in an unprecedented crisis for the industry.

Energy & Green Tech

Eight EU countries oppose bloc's car emissions limits

Eight EU member states including France, Italy and Poland urged Brussels to scrap its planned vehicle emissions limits, warning they risked hurting investment in a document seen by AFP Monday.

Business

Airlines face another bleak year as outlook worsens

Airlines face another bleak year with steeper losses than previously forecast, as some regions struggle to speed up COVID-19 vaccination campaigns and control virus variants, an industry group said Wednesday.

Business

Mideast airlines lose $7B as airports shut to combat virus

Seven Middle Eastern countries have suspended all commercial flights due to a fast-spreading new virus as the aviation industry's largest trade association announced Thursday that airlines in the region have already lost ...

Business

Airline sector takes historic hit

The aviation industry has taken a historic hit from the coronavirus and pending an effective vaccine, can only bounce back with systematic testing, sector association IATA said Tuesday.

Business

COVID variants to slow air traffic recovery: IATA

Global air passenger traffic will recover more slowly than expected this year because coronavirus variants have created strong headwinds, an industry group warned Wednesday.

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