Business

AirAsia's future in doubt due to virus; share price tumbles

The future of top regional budget carrier AirAsia is in "significant doubt" after the collapse in travel demand caused by coronavirus, its auditor warned, sending the airline's share price tumbling nearly 18 percent on Wednesday.

Computer Sciences

Prepare for landing: Making airports more efficient

Air traffic is a significant and complex problem. Near misses between passenger planes on runways have been making headlines lately and raising safety concerns as airports try to accommodate more travelers in the wake of ...

Business

Lufthansa warns of forced layoffs on virus turbulences

German airline giant Lufthansa said Thursday that demand for air travel will return to pre-crisis levels only in 2024 or even later as it announced forced layoffs on the back of a significant loss.

Business

Virus prompts Air France-KLM to ditch A380s

Air France-KLM announced Wednesday the "definitive end" of operations of the world's biggest commercial airliner, the A380, owing to the devastating coronavirus impact on air travel.

Business

American considering cutting flights to many smaller cities

American Airlines is planning to drop flights to up to 30 smaller U.S. cities if a federal requirement to continue those flights expires at the end of next month, an airline executive familiar with the matter said Thursday.

Business

Airbus cuts 15,000 jobs to face aviation's 'gravest crisis'

European aircraft maker Airbus said on Tuesday it is planning to cut around 15,000 jobs worldwide, 11 percent of its total workforce, in response to the "gravest crisis" the industry has ever seen caused by the coronavirus.

Business

American and 4 other airlines reach loan agreements with US

American Airlines and four smaller carriers have reached agreement with the government for billions more in federal loans, a sign of the industry's desperate fight to survive a downturn in air travel caused by the virus pandemic.

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