Business

Airbus deliveries down 50 pct in first half of 2020

Airbus on Wednesday said January-June plane deliveries slumped by half to 196 aircraft compared with the first six months of 2019, highlighting the impact of the coronavirus crisis.

Business

Virus-ravaged UK aviation sector faces quarantine woe

Britain's aviation sector grappled Monday with news that international arrivals will soon face a 14-day quarantine to stop new infections of coronavirus, which has already ravaged travel demand worldwide.

Business

Heathrow airport urges roadmap for quarantine exit

London's Heathrow airport on Monday urged the British government to issue a "roadmap" for its planned coronavirus quarantine for air travellers, after revealing traffic almost evaporated in April.

Business

General Electric to cut 10,000 aviation jobs

General Electric announced Monday it will cut an additional 10,000 jobs from its aviation sector as the coronavirus pandemic decimates the industry, forcing companies to cancel orders.

Business

Airline revenues to nosedive by 55% in 2020: IATA

Airline passenger revenues are set to plunge by 55 percent, or $314 billion, in 2020 due to the coronavirus pandemic, the International Air Transport Association said Tuesday.

Business

Lufthansa to ground 150 planes over coronavirus

German airline giant Lufthansa said Wednesday it would ground 150 of its more than 750 planes worldwide, days after announcing a slimmed-down timetable over the effects of the novel coronavirus.