Business

Advertising slump during virus crisis hits media jobs

Media redundancies, partial layoffs and managerial wage cuts are on the rise as advertising markets implode, despite customers showing an ever stronger appetite for information on the coronavirus crisis.

Business

Emirates airline to cut up to 9,000 jobs: report

Emirates airline has cut a tenth of its workforce during the novel coronavirus pandemic in layoffs that could rise to 15 percent, or 9,000 jobs, its president said, according to a report on Saturday.

Geneva auto show 2021 cancelled over virus crisis

Geneva's auto show was cancelled this year amid the coronavirus pandemic, and organisers said Monday they were also scrapping the 2021 edition as the auto sector reels from the crisis.

Business

KLM gets 3.4 bn euro Dutch bailout

The Dutch government on Friday approved a 3.4-billion-euro ($3.8-billion) bailout to prop up KLM through the coronavirus pandemic.

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.

Business

Airlines headed for $84 bln net loss in 2020: IATA

International airlines are in line to make a combined net loss of more than $84 billion this year in the wake of the coronavirus crisis which has decimated air travel, the International Air Transport Association said Tuesday.

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