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.

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

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

EasyJet CEO 'confident' after last summer's travel chaos

The aviation sector has endured chaos at airports after the end of Covid restrictions, high inflation and strikes, but easyJet chief executive Johan Lundgren is upbeat about the British airline's future.

Business

Ryanair flies into profit, eyes strong outlook

Irish airline Ryanair flew back into a first-half profit Monday and forecast a strong outlook despite recession headwinds in Europe, as air travel rebounds after the lifting of COVID restrictions.

Business

EasyJet flies into first annual loss

EasyJet expects a pre-tax loss of up to £845 million for its fiscal year just ended as coronavirus travel restrictions slam passenger demand, the British no-frills airline said Thursday.

Business

UK airline easyJet cuts losses on strong demand

British airline easyJet said Thursday it had slashed first-half net losses on strengthening demand from holidaymakers as the aviation sector recovers from COVID.

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