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.

Business

Boeing to cut 10% of work force as 1Q revenue, profit slide

Boeing outlined plans Wednesday to cut 10% of its workforce, slow production of new planes and raise more cash to survive a downturn in business that started with the grounding of its best-selling jet and has accelerated ...

Business

Air traffic plunges 53% in March: IATA

World air traffic suffered a massive drop of more than half in March compared with the same period last year thanks to coronavirus-related travel restrictions, the airline industry's trade body said Wednesday.

Business

Airlines to return to profit in 2023: IATA

Airlines are expected to return to profit next year for the first time since 2019 despite slowing global growth as they recover from a COVID-induced crisis, an industry group said Tuesday.

Business

Pandemic savages airline sector

Dizzying losses, the looming threat of bankruptcies and tens of thousands of people thrown out of work: the aviation industry has been devastated by COVID-19 and there is still no light at the end of the tunnel. The sector ...

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