Swissport says to axe over 4,000 UK jobs
Airport services group Swissport said on Wednesday it plans to axe more than 4,000 jobs, or about half its UK workforce, as the coronavirus pandemic keeps planes grounded.
Jun 24, 2020
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Page 9 - News tagged with air transportation
Business
Airlines hit wall of debt after COVID grounding
Their fleets grounded for months owing to the coronavirus, airlines have sought with varying degrees of success state assistance to avoid going under altogether.
Jun 10, 2020
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Business
France slams Ryanair 'blackmail' over job ultimatum
France on Tuesday denounced as "blackmail" an ultimatum from low-cost carrier Ryanair for its French employees to choose between a five-year pay cut or a number of redundancies in an escalating labour dispute.
Jun 2, 2020
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Business
Latin America's stricken airlines facing long haul to recovery
Latin America's beleaguered airlines will take up to three years to recover losses due to the coronavirus pandemic, and in the meantime desperately need government help, according to experts surveying the damage to the industry.
May 31, 2020
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Business
Airlines given $123 bn in state aid: industry
Governments have provided airlines $123 billion to help weather the coronavirus storm, the global aviation industry said Tuesday, warning though that the assistance was adding to surging debt in the industry.
May 26, 2020
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Business
Crash landing: Global air transport hit hard by virus
The COVID-19 pandemic has battered the air transport sector by all but grounding planes, resulting in layoffs, bankruptcies and rescue plans.
May 26, 2020
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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 ...
Apr 29, 2020
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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.
Apr 29, 2020
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Business
Aviation industry warns of cargo capacity shortfall
The global aviation industry warned Tuesday of a severe cargo capacity shortage as airlines around the world slash jobs and suffer plunges in profits due to the coronavirus crisis.
Apr 28, 2020
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Business
Africa's biggest airline fights for 'survival' amid pandemic: CEO
In early March, Ethiopian Airlines CEO Tewolde Gebremariam told an aviation conference in Addis Ababa the coronavirus pandemic was "a temporary problem"—comparable to a natural disaster or a spike in oil prices.
Apr 22, 2020
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