Business

GE reports smaller loss, shares rise

General Electric reported a smaller quarterly loss Wednesday on lower revenues and a continued slump in aviation, but said it would be cashflow positive in 2021 following cost-cutting moves.

Business

Airline revenues forecast at half 2019 levels in 2021: IATA

Airline industry revenues are expected to remain 46 percent lower in 2021 than the $838 billion booked in the last pre-coronavirus year of 2019, industry body IATA said Tuesday in a marked worsening of its forecasts.

Business

Lufthansa says 30,000 jobs at risk over pandemic

Germany's Lufthansa has warned that 30,000 jobs are under threat as it scaled down its winter schedule to levels not seen since the 1970s as demand for travel collapses because of the coronavirus pandemic.

Business

Airbus to keep A320 output at 40 per month

European aircraft giant Airbus said Friday it will maintain production of its workhorse A320 plane at 40 per month to mid-2021 when it expects the aviation industry to have recovered from the coronavirus pandemic.

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

Air industry urges rapid testing instead of quarantine

The global aviation industry called on Tuesday for the development of rapid virus tests for all passengers before departures as an alternative to quarantine measures, in a bid to get people flying again.

Business

Norwegian Air to cut emissions by 45% by 2030

Low-cost carrier Norwegian Air Shuttle said Thursday it planned to slash CO2 emissions by 45 percent by 2030 and reduce its use of plastics as part of a new environmental strategy.

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Aviation

Aviation is the design, development, production, operation, and use of aircraft, especially heavier-than-air aircraft. Aviation is derived from avis, the Latin word for bird.

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